(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Dotdigital Group PLC, up 29% at 99.30 pence, 12-month range 52.60p-295.00p. The online marketing firm expects to report revenue for the year that ended June 30 increased 8.1% to GBP62.8 million from GBP58.1 million. Says this is in line with market consensus of GBP62.6 million. Expects adjusted earnings before interest, tax, depreciation and amortization and operating profit to be ahead of expectations. Credits growth across all global regions. Intends to pay a final dividend, linked to its Ebitda growth. Says sales momentum from its fourth quarter is continuing into the new financial year.
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Touchstar PLC, up 11% at 85.00p, 12-month range 63.00p-96.00p. The mobile data supplier records revenue growth of 7% to GBP3.1 million from GBP2.9 million in the first half of 2022. Recurring revenue rises 18% to GBP1.3 million from GBP1.1 million. Says it recorded "substantially higher" profit in the period. Order book grows 75% to GBP1.1 million from GBP600,000. Attributes performance to positive trends in trading and customer activity that continued throughout the period. Remains focused on delivering full-year results "at least" in line with market expectations.
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ITM Power PLC, up 2.1% at 196.23p, 12-month range 165.45p-536.15p. Peel Hunt starts coverage on energy storage and clean fuel firm with 'buy' rating.
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AIM - LOSERS
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Advance Energy PLC, down 11% at 0.09p, 12-month range 0.09p-5.70p. The cash shell says it has raised GBP345,000 via a share placing, providing the company with funds as it looks for a reverse takeover deal. Advance Energy placed 405.9 million new shares at 0.085p each, a 23% discount to Monday's closing share price of 0.11p.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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