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AIM WINNERS & LOSERS: Naked Wines cuts outlook and CEO steps down

Tue, 07th Nov 2023 10:44

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Anglo Asian Mining PLC, up 37% at 68.60 pence, 12-month range 36.00p-124.00p. The Azerbaijan-focused copper and silver producer has signed a government protocol an action plan to "implement certain enhancements to its operations and procedures". "As a result of signing the protocol and agreeing the action plan, the company is now free to restart all its operations. The restart will be carried out in stages, and mining will recommence immediately," Anglo Asian says. It maintains 2023 production guidance of 30,000 to 34,000 gold equivalent ounces.

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Barkby Group PLC, up 8.3% at 6.50p, 12-month range 2.30p-11.00p. It achieves practical completion for its roadside development in Maldon which is also fully let. The investor in roadside property says completion at the Essex asset is "another important step in the implementation of our roadside real estate and EV strategy".

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AIM - LOSERS

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Naked Wines PLC, down 33% at 29.95p, 12-month range 28.00p-145.90p. The wine seller now predicts annual sales will fall between 12% and 16%. It had previously predicted a decline between 8% and 12%. Trading in the US market has been "weaker than anticipated", Naked Wines warns. It also announces Nick Devlin has stepped down as chief executive with immediate effect. Founder & Chair Rowan Gormley becomes executive chair on an interim basis. Devlin remains as president for Naked Wines USA "through the peak trading period" before leaving the group entirely. The stock hits this 52-week low on Tuesday.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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