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AIM WINNERS & LOSERS: Abingdon Health sinks as results disappoint

Thu, 12th Aug 2021 11:31

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

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AIM - WINNERS

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John Lewis of Hungerford PLC, up 15% at 1.21 pence, 12-month range 0.37p-1.95p. The kitchen, bedrooms and furniture manufacturer says its second half performance is exceeding expectations. Expects second half profit to recover a first half loss, resulting in a small pretax profit for the full year.

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Empresaria Group PLC, up 14% at 92.64p, 12-month range 40.00p-93.00p. The recruiter posts strong recovery in profit. For six months to June 30, posts revenue of GBP129.8 million, down 4.6% from GBP136.1 million last year and swings to pretax profit GBP2.4 million from loss of GBP1.2 million.

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AIM - LOSERS

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Abingdon Health PLC, down 18% at 30.20p, 12-month range 28.10p-136.62p. The rapid Covid-19 test maker posts revenue at the bottom end of company forecasts. Revenue for the year ended June 30 was around GBP11.6 million, more than doubled from GBP5.2 million the year before. However, was at the lower end of forecasts which originally anticipated revenue to be in the range of GBP11.4 million to GBP17.0 million. Abingdon Health also posted an adjusted earnings before interest, tax, depreciation and amortisation loss of GBP3.3 million, in line with the guidance given in April.

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IDE Group Holdings PLC, down 15% at 0.70p, 12-month range 0.60p-3.45p. IT managed services provider says Chief Financial Officer David Templeman has resigned with immediate effect, with no reason for departure given. Templeman was appointed in April. IDE plans to hire another CFO in due course.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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