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Pin to quick picksCamellia Share News (CAM)

Share Price Information for Camellia (CAM)

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Share Price: 4,460.00
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Change: 0.00 (0.00%)
Spread: 120.00 (2.727%)
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AIM WINNERS & LOSERS: LoopUp shares up on "material" contract win

Thu, 01st Sep 2022 10:41

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

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AIM - WINNERS

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LoopUp Group PLC, up 31% at 8.87 pence, 12-month range 5p-43p. The software provider for remote meetings reports new "material" contract win, which is expected to generate revenue of GBP10 million and GBP5 million of net cash in the 12 months to September 2023. Says the contract is with American Teleconferencing Services Ltd and Audio Telecommunications Technology II LLC, together PGi Connect. Says contract "clearly material and highly cash generative". Now guides for full-year revenue to be marginally above market expectations, at marginally lower profitability given some additional investment needed for the PGi deal, but revenue in the 2023 financial year should be "materially above market expectations at materially higher profitability".

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Ixico PLC, up 11% at 39.41p, 12-month range 30p-91p. The neuroscience data analytics company now expects Ebitda for financial year ending September 30 will "comfortably" exceed previous guidance of GBP1.2 million. For 2023 financial year, guides to revenue of GBP7 million, of which over GBP5 million is already contracted.

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AIM - LOSERS

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Ethernity Networks Ltd, down 26% at 9.3p, 12-month range 8.36p-63p. The network data processing technology provider says it received notice that contract with Israeli international wireless connectivity vendor for provision of UEP module has been cancelled. Has been told cancellation due to customer claims of delays in product delivery, a allegation it "strongly rejects". Says contract was for an initial total of USD930,000, of which it has so far invoiced USD107,000 and had budget for a further USD240,000 to be invoiced and delivery in 2022. "These amounts had been factored into the company's contracted revenue figures for 2022 and 2023 provided in the 2021 full year results, announced on 8 April 2022, and these figures are now expected to reduce commensurately as a result of the contract cancellation," it says.

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Camellia PLC, down 11% at 5,204p, 12-month range 5,204p-7,000p. The agriculture and engineering services firm says full-year adjusted pretax profit to be both below market expectations and below that achieved last year. Revenue is expected to be slightly above market forecasts, however. "The combination of extreme weather conditions, continuing disruption on account of the pandemic, war in Ukraine, inflation, supply chain delays and industrial unrest have all conspired to make this year one of the most difficult we have encountered," says Chair & Chief Executive Malcolm Perkins.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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