(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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Crimson Tide PLC, up 13% at 2.38 pence, 12-month range 1.90p-3.38p. The firms wins a deal with a "major" wholesaler for its mpro5 workforce management software. "The new client will be using Crimson Tide's mpro5 solution to digitalise processes across its entire estate of over 190 stores in the UK," it says. The deal is worth GBP550,000 and spans an inital three years.
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Directa Plus PLC, up 8.2% at 106.00 pence, 12-month range 95.10p-178.00p. The London-based graphene nanoplatelet products producer and supplier signs a commercial agreement with REDA Energy Ltd to distribute its Grafysorber oil response products. The commercial agreement follows "successful testing" of the Grafysorber products by REDA customers in the North Sea.
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AIM - LOSERS
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In The Style Group PLC, down 34% at 49.00p, 12-month range 48.00p-230.00p. It reports an annual loss and unveils new underwhelming guidance for the year ahead. In the year to March 31, the firm swings to a pretax loss of GBP1.5 million versus a GBP125,000 profit the year prior. Despite the profit drop, annual revenue improves to GBP57.3 million from GBP44.7 million. For financial 2023 as a whole, revenue is guided to be broadly flat. DTC revenue is guided to grow at mid-single digit rates, while wholesale revenue is expected to decline at a double-digit rate. Stockbroker Davy notes this new guidance is significantly below the 15% total revenue rise previously expected. The stock hits this 12-month low on Tuesday.
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Hotel Chocolat Group PLC, down 49% at 121.00p, 12-month range 120.00p-540.00p. The chocolatier reports growth in its recently ended financial year, with sales in the 52 weeks to June 26 rising 37% to GBP226 million from GBP165 million the year before. This was ahead of market expectations, it notes, which stood at GBP212 million. It expects underlying pretax profit for the year will be in line with consensus forecasts, which it cites as GBP22 million. For the 2021 financial year, it posted pretax profit before exceptional costs of GBP10.1 million. However, it cautions on a reported basis, it will pot a loss, swinging from pretax profit of GBP7.8 million. This is largely due to impairment provisions - after a revised assessment of the probability of recovering GBP23 million of loans made to its Japan joint venture - and costs from the closure of retail stores in the US.
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By Eric Cunha; ericcunha@alliancenews.com
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