(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
----------
AIM - WINNERS
----------
RWS Holdings PLC, up 13% at 256.60 pence, 12-month range 254.2p-417.49p. The technology-enabled language services provider announces it intends to launch a share buyback programme for up to GBP50 million, and approves interim dividend of 2.4p per share - a 6.7% increase from 2.25p year-on-year. In the six months to March 31, revenue rises 2.5% year-on-year to GBP366.3 million from GBP357.3 million, though pretax profit falls 13% to GBP28.7 million from GBP32.9 million
----------
AIM - LOSERS
----------
Barryroe Offshore Energy PLC, down 43% at 0.71p, 12-month range 0.7p-4.2p. The Dublin-based oil and gas explorer warns it has "very limited" working capital and is in talks with its substantial shareholders about potential funding. It says it can no longer proceed with the proposed placing and open offer it had envisaged in April. This is a "direct consequence" of the "surprising and extremely disappointing" decision of the Irish Department of the Environment, Climate & Communications to not grant its lease undertaking last month. "The refusal by [Minister Eamon Ryan] to grant the lease undertaking and the consequential delay to the proposed working capital raise has created going concern issues for the company that will delay the publication of its annual accounts," it adds.
----------
Bonhill Group PLC, down 39% at 3.68p, 12-month range 3p-8.5p. Shares in the media company, specialising in business information, events and data analytics succomb to selling pressure after an announcement late Wednesday that it plans to cancel its AIM listing. Bonhill said it will raise GBP4.8 million through a tender offer of 48.0 million shares at 10 pence each, which will take place if shareholders approve the disposal of InvestmentNews LLC to Key Media Business Information US Inc for a total of USD4.1 million. It would then hope to cancel its shares from AIM and re-register as a private limited company. Separately on Thursday, it reports annual results for 2022, with revenue falling to GBP14.9 million from GBP16.4 million. Pretax loss narrows to GBP6.3 million from GBP8.5 billion,
----------
By Elizabeth Winter, Alliance News senior markets reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
