LONDON, July 6, 2026, 10:02 BST
- ASBE traded at 28.00p at 09:53 BST, up 60%. Volume on the tape showed 10,430 shares.
- That works out to around £2,900 in turnover and a paper gain of nearly £215,000 in market value, based on 2.05 million shares outstanding.
- March figures put cash at £256,000, equity at £261,000, with no revenue for the half-year.
- The most recent ASBE RNS checked was the half-year report from June 25. No new filings showed up on Investegate after that.
Associated British Engineering plc (LON:ASBE) jumped 60% to 28.00p on Monday. The company’s market cap is under £600,000 and it reported no revenue in its most recent half-year results.
The London Stock Exchange opened as usual at the dateline. Market-hours data confirmed July 6 was a normal Monday session, running from 0800 to 1630 BST.
ASBE jumped 10.50p to 28.00p on Google Finance at 09:53 BST. Volume was 10,430 shares against 2.05 million outstanding. That’s about £2,900 worth of stock traded at the last price. On paper, the share gain pushed market value up by about £215,000.
| ASBE market data | Monday figure | Read-through |
|---|---|---|
| Price at 09:53 BST | 28.00p | Shares jumped 60% |
| Move from previous price | +10.50p | Sharp move up from a small base |
| Volume shown | 10,430 shares | Roughly half a percent of the shares on issue |
| Estimated turnover at 28p | About £2,900 | Not much traded in cash terms |
| Paper market value added | About £215,000 | That’s around 74x the estimated turnover |
| Market cap shown | £573,710 | Market cap is still well under £1 million |
No new company RNS appeared in Monday’s feeds. Investegate’s ASBE feed still shows the June 25 half-year figures as the most recent, following the March AGM results and the annual report from January.
ABE’s March balance sheet makes the small trade worth noting. The company booked zero revenue for the six months ending March 31 and reported a £31,000 pre-tax loss. Cash came in at £256,000, with equity at £261,000. Operations used £62,000 in cash, up from £30,000 in the same stretch last year.
| Financial line | Six months to / at Mar. 31, 2026 | Comparator | Change |
|---|---|---|---|
| Revenue | £0 | £0 | Flat |
| Pre-tax loss | £31,000 | £19,000 | Loss increased |
| Cash and equivalents | £256,000 | £318,000 at Sept. 30, 2025 | Down £62,000 |
| Shareholder equity | £261,000 | £303,000 at Sept. 30, 2025 | Lower by £42,000 |
| Total assets | £293,000 | £362,000 at Sept. 30, 2025 | Dropped £69,000 |
| Operating cash used | £62,000 | £30,000 in H1 2025 | Usage more than doubled |
The 28p share price gives the company a market cap around 2.2 times its March shareholder equity. That’s also about 2.2 times cash per share, based on the 2.05 million shares. At 17.50p, the multiple was closer to 1.4 times March equity.
Rupert Pearce Gould and Colin Weinberg, chairmen of the company, said in the interim statement that ABE is “in a good position to talk to potential acquisitions”. They also said the board is still undecided on when to convert dollar cash into sterling for running expenses.
The main question is the deal threshold. ABE’s 2025 annual report said the company was “recognized as a shell company” and that any acquisition or merger must be over £30 million under Financial Conduct Authority rules. That’s roughly 52 times Monday’s market cap and more than 110 times March equity.
It’s still tough to get out. AJ Bell’s delayed quotes put the sell at 10.00p and the buy at 25.00p. The last trade listed was just 24 shares at 10.5p on June 29, for £2.52.
