PracticeAccounting FirmsTenon shares hit new low

Tenon shares hit new low

Tenon's shares have hit an all-time low on the alternative investment market, closing 50% lower for the month of January in the year that former partners of the consolidator get the opportunity to sell their shares.

Link: Tenon’s shares plummet

The accountancy consolidator’s shares plummeted a further 24% last week from last Monday’s 19p to 14.5p this Monday. The shares maintained their low value as Accountancy Age went to press on Tuesday. The fall has seen Tenon’s share value plummet 50% for the month, having started January with a value of 29p.

Numerica, one of the other two listed accountancy companies, has seen its share price rally over the past month from an all-time low of 96.5p to 99.5p. Vantis, the third listed outfit, hit rock bottom on Friday at 87.5p where it remained this week.

The downtrodden shares followed a depressed market which has remained low amid fears of war with Iraq throughout what City watchers are terming ‘Black January’.

But even after a market rally on Monday – caused by the FSA’s relaxing of insurance solvency requirements – Tenon remained low as the FTSE-100 closed up 122 points and AIM rose.

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor