(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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Escape Hunt PLC, up 12% at 36.98 pence, 12-month range 12.33p-46.85p. Issues 7.4 million shares in oversubscribed open offer. As a result, raises GBP17.2 million from issue.
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Coral Products PLC, up 10% at 16.00 pence, 12-month range 4.25p-16.00p. Completes sale of freehold premises at North Florida Road Haydock, Merseyside to Glenbrook CP Ltd for about GBP3.5 million. Net proceeds "will be used to support organic growth whilst allowing the Company to seek acquisitions to augment its existing activities and reward shareholders for their long term support," company says.
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AIM - LOSERS
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Frontier Developments PLC, down 37% at 1,558.00 pence, 12-month range 1,558p-3,430p. Sinks to 12-month low as it widens annual revenue guidance to GBP100 million to GBP130 million. "The wide guidance range is indicative of the variability of outcomes across our whole portfolio as we approach the important holiday season," company says. Notes sales of new Jurassic World Evolution 2 game since November 9 release have been lower than expected on the PC platform. "We believe this is potentially a short-term effect from a more crowded release window than expected, with a number of other highly anticipated titles launching in the same window. Simultaneous release on PlayStation and Xbox consoles of both digital and physical versions went ahead smoothly, and console sales numbers are largely as expected," company adds. Continues to project Jurassic World Evolution 2 to overtake Jurassic World Evolution in terms of revenue in its first 12 months from release.
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Tower Resources PLC, down 11% at 0.39 pence, 12-month range 0.22p-0.54p. Yet to receive confirmation of farm-out to Beluga Energy Ltd of 49% non-operating working interest in its Thali production sharing contract in Cameroon. "To date, Tower has received no objection to the transaction, nor any further request for information from the Cameroon Minister of Mines, Industry & Technological Development, and whilst Tower believes that the conditions for the approval have been met, Tower is yet to receive a formal letter confirming MINMIDT's approval of the transaction," company says. Adds: "While the company waits for a formal decret, Beluga continues to work on its financing process, and the company continues to work with the intended rig provider and service companies on the schedule and terms for the NJOM-3 well."
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By Paul McGowan; paulmcgowan@alliancenews.com
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