Aim may be known as London's junior market, but that's increasingly nothing to do with the size or maturity of the companies it is home to. Its oldest member can trace its history back to 1533, and many other Aim companies have been around for decades. It also boasts a fair smattering of companies that are significantly larger than many of their counterparts on the main board. The biggest company on Aim is now capitalised at £2.8bn - were it listed on the main market that would leave it knocking on the door of the FTSE 100. It isn't an oil or mining company, either - although there are plenty of these in the Aim 100.
This particular company's meteoric rise is exactly why Aim remains such an exciting market - a place where it's still possible to buy into companies at the beginning of their growth journeys. Just 10 years ago you could have bought that company's shares for just 5p - today they're worth more than £31 each. That represents a return in excess of 60,000 per cent, an all the more impressive gain given that, just as its business began to take off in 2005, the biggest ever explosion in peacetime Britain destroyed much of its business.
Such a disaster perhaps highlights the risks inherent in some of Aim's smaller companies - their size can leave them at the mercy of uncontrollable events that can knock them for six. But the remarkable story of Aim's largest company belies a myth that has made some investors wary of Aim - that its looser listing requirements attract unscrupulous owners and managers whose only goal is to cash in at the expense of investors. The story of Aim's largest company belies that in one fell swoop, demonstrating an entrepreneurial vision and persistence which is often said to be so lacking in the UK but which is common on Aim's boards.
We started our countdown of Aim's largest companies last week, and continue with the top 50 this week. We've also provided a new table for the whole Aim 100, updating the columns that indicate the inheritance tax exemption (or business property relief, as its more accurately known) that many Aim shares enjoy. Thanks to Sean Flanagan at private client stockbroker Charles Stanley for this more comprehensive list. However, because the HMRC doesn't actually publish a list of BPR qualifying shares, we still recommend you seek IHT planning advice from experts such as Charles Stanley.
Aim 100: 50 to 1*
Rank | Company | 1-year change (%) |
---|---|---|
50 | Hargreaves Services | -31.2 |
49 | Dolphin Capital Investors | 57 |
48 | OptimalPayments | 154.1 |
47 | Iomart | 64.9 |
46 | Hutchison China Meditech | 7.5 |
45 | Polar Capital | 50.6 |
44 | Max Property | 26.2 |
43 | Tyman | 57.8 |
42 | LXB Retail Properties | -0.9 |
41 | Iofina | 417.8 |
40 | Majestic Wine | 1.1 |
39 | RWS | 27.7 |
38 | Bowleven | -4 |
37 | Pan African Resources | -5.7 |
36 | MP Evans | 8.3 |
35 | Sirius Minerals | 3.7 |
34 | Geopark | 14.3 |
33 | Eros International | -16.8 |
32 | Petroceltic International | -20 |
31 | Ithaca Energy (LON) | -43.1 |
30 | Faroe Petroleum | -18.3 |
29 | Secure Trust Bank | 76.5 |
28 | Sierra Rutile | 5 |
27 | Blinkx | 57.8 |
26 | Highland Gold Mining | -30.6 |
25 | Nanoco | 133.9 |
24 | Nichols | 42.6 |
23 | Xcite Energy (CDI) | -0.2 |
22 | Archipelago Resources | -11.2 |
21 | Daisy | 15.5 |
20 | Avanti Communications | 21.2 |
19 | Advanced Computer Software | 60.9 |
18 | Asian Citrus (LON) | -28.7 |
17 | Providence Resources (LON) | 29.5 |
16 | Purecircle (DI) | 130.2 |
15 | Rockhopper Exploration | -54.2 |
14 | Quindell Portfolio | 56.7 |
13 | EMIS | 45.2 |
12 | iEnergizer | 0 |
11 | Monitise | -2.7 |
10 | Amerisur Resources | 108.7 |
9 | Mulberry | -49.5 |
8 | James Halstead | 13.8 |
7 | African Minerals | -59.7 |
6 | Abcam | 24.7 |
5 | Songbird Estates ‘B’ | 14.8 |
4 | Coastal Energy (DI) | 17.3 |
3 | Gulf Keystone Petroleum (DI) | -32.7 |
2 | Indus Gas | -13.6 |
1 | ASOS | 87.7 |
*As at 2 April 2013. Source: Thomson Datastream |
Rank | Company name | TIDM | Industry Group | Price (p) | 1-year change (%) | Market value (£m) | Forecast PE ratio | Dividend (%) yield (%) | IHT exempt* | Isa eligible (+ market)** |
---|---|---|---|---|---|---|---|---|---|---|
50 | Hargreaves Services | HSP | Business Support Svs. | 831.5 | -31.2 | 229 | 6.8 | 2.25 | Yes | |
49 | Dolphin Capital Invrs. | DCI | Investment Trusts | 36.5 | 57 | 234 | 0 | No | ||
48 | Optimal Payments | OPAY | Financial Admin. | 164.5 | 154.1 | 237 | 18.6 | 0 | Yes | |
47 | Iomart Group | IOM | Internet | 230 | 64.9 | 241 | 29.4 | 0.39 | Yes | |
46 | Hutchison China Meditech | HCM | Pharmaceuticals | 465 | 7.5 | 242 | 0 | Yes | ||
45 | Polar Capital Holdings | POLR | Asset Managers | 305 | 50.6 | 251 | 22 | 3.11 | Yes | |
44 | Max Property Group | MAX | Real Estate Hold, Dev | 118 | 26.2 | 260 | 17.6 | 0 | No | Yes (CISX) |
43 | Tyman | TYMN | Building Mat.& Fix. | 202 | 57.8 | 262 | 16.4 | 2.72 | Yes | |
42 | Lxb Retail Properties | LXB | Real Estate Hold, Dev | 115 | -0.9 | 268 | 0 | No | ||
41 | Iofina | IOF | Exploration & Prod. | 211 | 417.8 | 269 | 0 | Yes | ||
40 | Majestic Wine | MJW | Specialty Retailers | 422 | 1.1 | 275 | 15.3 | 3.74 | Yes | |
39 | Rws Holdings | RWS | Business Support Svs. | 657.5 | 27.7 | 278 | 19.3 | 2.66 | Yes | |
38 | Bowleven | BLVN | Exploration & Prod. | 95 | -4 | 280 | 0 | Yes | ||
37 | Pan African Resources | PAF | Gold Mining | 15.5 | -5.7 | 282 | 6.3 | 0 | No | Yes (JSX) |
36 | M P Evans Group | MPE | Farming & Fishing | 520 | 8.3 | 285 | 17.4 | 1.54 | Yes | |
35 | Sirius Minerals | SXX | General Mining | 21.25 | 3.7 | 286 | 0 | Yes | ||
34 | Geopark Holdings | GPK | Exploration & Prod. | 660 | 14.3 | 287 | 10.9 | 0 | Yes | |
33 | Eros International | EROS | Broadcast & Entertain | 231 | -16.8 | 287 | 11.2 | 0 | Yes | |
32 | Petroceltic Intl. | PCI | Exploration & Prod. | 6.72 | -20 | 295 | 34 | 0 | Yes | |
31 | Ithaca Energy (Lon) | IAE | Exploration & Prod. | 113.75 | -43.1 | 296 | 5.9 | 0 | No | Yes (TSX) |
30 | Faroe Petroleum | FPM | Exploration & Prod. | 139.75 | -18.3 | 297 | 10.9 | 0 | Yes | |
29 | Secure Trust Bank | STB | Banks | 1897.5 | 76.5 | 297 | 16.6 | 3 | Yes | |
28 | Sierra Rutile | SRX | General Mining | 58 | 5 | 301 | 5.9 | 0 | Yes | |
27 | Blinkx | BLNX | Internet | 84 | 57.8 | 304 | 31.1 | 0 | Yes | |
26 | Highland Gold Mining | HGM | Gold Mining | 97 | -30.6 | 315 | 4.7 | 2.52 | Yes | |
25 | Nanoco Group | NANO | Semiconductors | 152 | 133.9 | 318 | 0 | Yes | ||
24 | Nichols | NICL | Soft Drinks | 895 | 42.6 | 331 | 20 | 1.94 | Yes | |
23 | Xcite Energy (Cdi) | XEL | Exploration & Prod. | 113.5 | -0.2 | 331 | 0 | No | Yes (TSX-V) | |
22 | Archipelago Res. | AR. | Gold Mining | 57.75 | -11.2 | 332 | 5.1 | 0 | Yes | |
21 | Daisy Group | DAY | Fixed Line Telecom. | 124.75 | 15.5 | 333 | 9.5 | 0 | Yes | |
20 | Avanti Comms.Gp. | AVN | Mobile Telecom. | 315 | 21.2 | 352 | 0 | Yes | ||
19 | Advanced Cmp.Sftw.Grp | ASW | Software | 85.25 | 60.9 | 366 | 19.7 | 0 | Yes | |
18 | Asian Citrus Hdg. (Lon) | ACHL | Farming & Fishing | 30.13 | -28.7 | 370 | 5.6 | 0 | No | Yes (HKSE) |
17 | Providence Res. (Lon) | PVR | Exploration & Prod. | 647.5 | 29.5 | 418 | 0 | Yes | ||
16 | Purecircle (Di) | PURE | Food Products | 259 | 130.2 | 426 | 0 | Yes | ||
15 | Rockhopper Exploration | RKH | Exploration & Prod. | 151 | -54.2 | 429 | 0 | Yes | ||
14 | Quindell Portfolio | QPP | Computer Services | 11.75 | 56.7 | 432 | 9.2 | 0 | Yes | |
13 | Emis Group | EMIS | Computer Services | 795 | 45.2 | 465 | 23.4 | 1.79 | Yes | |
12 | Ienergizer | IBPO | Business Support Svs. | 362.5 | 0 | 555 | 30.6 | 2.21 | Yes | |
11 | Monitise | MONI | Mobile Telecom. | 36.25 | -2.7 | 560 | 0 | Yes | ||
10 | Amerisur Resources | AMER | Exploration & Prod. | 54.25 | 108.7 | 563 | 24.2 | 0 | Yes | |
9 | Mulberry Group | MUL | Clothing & Accessory | 1010 | -49.5 | 604 | 28.3 | 0.5 | Yes | |
8 | James Halstead | JHD | Building Mat.& Fix. | 293 | 13.8 | 605 | 20.2 | 2.82 | Yes | |
7 | African Minerals | AMI | General Mining | 223.25 | -59.7 | 740 | 0 | Yes | ||
6 | Abcam | ABC | Biotechnology | 453.25 | 24.7 | 901 | 26.6 | 1.39 | Yes | |
5 | Songbird Estates ‘B’ | SBD | Real Estate Hold, Dev | 137.75 | 14.8 | 1020 | 75.1 | 0 | No | |
4 | Coastal Energy (Di) | CEO | Exploration & Prod. | 1270 | 17.3 | 1443 | 10.6 | 0 | No | Yes (TSX) |
3 | Gulf Keystone Ptl.(Di) | GKP | Exploration & Prod. | 177.25 | -32.7 | 1573 | 0 | Yes | ||
2 | Indus Gas | INDI | Exploration & Prod. | 920 | -13.6 | 1683 | 349.2 | 0 | Yes | |
1 | Asos | ASC | Apparel Retailers | 3378 | 87.7 | 2783 | 70.1 | 0 | Yes | |
Source: Thomson Datastream, data correct as at 2 April 2013 * Source: Charles Stanley (please note, this should not be considered a definitive guide to IHT exemption) ** Source: Barclays Stockbrokers |