(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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Tavistock Investments PLC, up 16% at 4.75 pence, 12-month range 1.28p-5.90p. The Bracknell-based investment manager swings to profit and resumes dividend. For the six months to September 30, revenue rises to GBP17.0 million from GBP13.4 million last year, and Tavistock swings to a pretax profit of GBP35.5 million from a GBP416,000 loss. Tavistock resumes interim dividend with 0.05p per share. "Our advisory business continues to perform strongly and is already on track to deliver revenues ahead of the entire group revenues in the prior year. We are in a strong position to continue developing a much larger and more profitable distribution and wealth management group, to deliver enhanced value to shareholders," says Chief Executive Officer Brian Raven.
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Petrotal Corp, up 13% at 20.13p, 12-month range 0.092p-21.00p. Hits fresh 12-month high after oil and gas explorer says protests near its oil-loading facility in Peru have been peacefully resolved. Petrotal also says that it has completed the 9H well, delivering an initial flow rate of 9,000 barrels of oil a day of flush production.
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Fulham Shore PLC, up 5.5% at 17.70p, 12-month range 9.00-20.40p. The London-based restaurant operator posts interim results revealing revenue and profit above their pre-pandemic level. For the first half that ended September 26, revenue doubles to GBP39.5 million from GBP19.5 million a year before. This exceeds pre-pandemic interim revenue in 2019 of GBP36.0 million by 10%. Fulham Shore, which owns pizzeria chain Franco Manca, swings to a pretax profit of GBP4.2 million from a loss of GBP3.0 million in the same period the previous year. The bottom-line performance beats the pre-pandemic level of GBP743,000 posted two years before.
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AIM - LOSERS
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Hardide PLC, down 4.6% at 31.00p, 12-month range 24.50p-44.00p. The advanced surface coating technology developer reports a widened pretax loss for financial 2021 on a 25% decline in revenue. For year ended September 30, pretax loss widens to GBP2.9 million from GBP1.4 million last year on revenue of GBP3.6 million, down from GBP4.8 million. Looking ahead, says demand is now "resurgent" across all sectors and has healthy pipeline of exciting opportunities in both current and new markets.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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