(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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Pebble Group PLC, up 17% at 105.60 pence, 12-month range 85.00p-169.87p. The technology and services promotional products supplier delivers strong performance in 2021, expecting further significant growth opportunities ahead. For 2021, Pebble posts pretax profit GBP9.3 million, up from GBP5.0 million in 2020 on revenue of GBP115.1 million, up from GBP82.4 million. Says 2022 has started well and in line with expectations and looks forward to the year ahead and beyond with confidence.
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AIM - LOSERS
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Knights Group Holdings PLC, down 48% at 191.44p, 12-month range 188.00p-472.00p. The legal and professional services provider warns Omicron variant and recent macro conditions have slowed growth to a greater extent than anticipated. For year ending April 30, expects adjusted pretax profit - which strips out exceptional and other one-off items - to be GBP18 million. Revenue is forecast to be around GBP126 million. "We have also seen a softening in business confidence, possibly due to concerns around the strength of the economy, such that there has been a slowdown in corporate work," company says.
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Diurnal Group PLC, down 41% at 19.63p, 12-month range 17.20p-97.97p. The pharmaceutical company warns further financing will be required if it is to reach sustainable profitability. For six months to December 31, pretax loss widens to GBP9.2 million from loss of GBP5.2 million year before on revenue of GBP2.1 million from GBP1.2 million. Says further financing will be required prior to reaching sustainable profitability. "This requirement for additional financing represents a material uncertainty that may cast significant doubt upon the group's and parent company's ability to continue as a going concern," it says.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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