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Pin to quick picksHss Hire Share News (HSS)

Share Price Information for Hss Hire (HSS)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 9.80
Bid: 9.54
Ask: 9.70
Change: 0.40 (4.26%)
Spread: 0.16 (1.677%)
Open: 9.38
High: 9.80
Low: 9.14
Prev. Close: 9.40
HSS Live PriceLast checked at -

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AIM WINNERS & LOSERS: Iomart sinks amid customer cancellations

Fri, 01st Oct 2021 11:44

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

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AIM - WINNERS

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Scirocco Energy PLC, up 18% at 1.15 pence, 12-month range 0.95p-1.20p. The investment company says it has completed the acquisition of Greenan Generation Ltd and its 0.5 megawatts anaerobic digestion plant in Northern Ireland, via Energy Acquisition Group Ltd. Scirocco holds a 50% interest in Energy Acquisition Group. The anticipated gross initial annual turnover from Greenan Generation is about GBP1.1 million.

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Tintra PLC, up 12% at 67.00 pence, 12-month range 29.00P-95.00p. The investment advisor and asset manager says it is in advanced negotiations with an unnamed acquisition target. Tintra is seeking authorisation from the UK Financial Conduct Authority to become an electronic money institution and believes the best way to do this through acquisition, it says. In addition, Tintra says it has received an unclosed offer for its lottery administration business, which is currently under review. A decision on this is expected to be taken within two weeks, it adds. Tintra also expects to make an announcement over a potential joint venture with an artificial intelligence software developer next week. Tintra was an IT services provider called St James House until changing direction and its name back in July.

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Frontier IP Group PLC, up 5.4 at 114.40p, 12-month range 57.44p-16.72p. The intellectual property commercialisation company's portfolio company Exscientia PLC prices US initial public offering at USD22 per American depositary share. Exscientia, an AI drug discovery firm, will offer 13.9 million ADSs, raising about USD304.7 million gross. It has sold an additional 7.3 million ADSs in a private placing to SVF II Excel LLC, owned by Softbank Group Corp, and the Bill & Melinda Gates Foundation, for USD106.0 million. Frontier IP's stake in Exscientia is valued at USD34.4 million based on the USD22 per ADS price. Each ADS represents one share.

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AIM - LOSERS

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Iomart Group PLC, down 16% at 181.60p, 12-month range 80.74p-359.91p. The cloud computing firm says it expects its annual results to be below expectations. Iomart says the majority of the customer base has remained stable, however, the slightly higher-than-usual customer churn seen in the final months of its financial year that ended March 31 continued into the first half of its current financial year. In addition, non-recurring revenue, principally hardware reselling and one-off consultancy activity, is GBP2.0 million lower year-on-year in the first half, and the company does not expect this revenue to recover during the second half. As a result, Iomart anticipates results for the full year to March 31, 2022, to be below current expectations.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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