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Share Price: 0.06
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Change: 0.006 (11.11%)
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AIM WINNERS & LOSERS: Safestyle expects full-year profitability hit

Tue, 29th Nov 2022 11:16

(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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Infrastructure India PLC, up 39% at 0.49 pence, 12-month range 0.26p - 1.00p. Announces an update of the sale of Indian Energy Ltd. The India-focused infrastructure fund now expects proceeds from the sale to be received during December, following a request from the buyer for additional time to complete the transaction. Says it has expressed concern to the buyer, AVSR Constructions, over the "continued" delays and has "opened dialogue" with other interested parties in regards to the asset. It is also discussions with third parties regarding the sale of further assets, including Distribution Logistics Infrastructure Ltd.

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Craven House Capital PLC, up 16% at USD0.10, 12-month range USD0.060 - USD0.56. In the year ended May 31, reports a significantly narrowed pretax loss of USD236,000, from a loss of USD2.4 million the previous year. Explains the valuation of its four portfolio companies remained unchanged during the year and notes "positive progress" in each. Expects advertising revenue for its Rosedog and Garimon investment to begin in 2023. Notes the brain tumour drug of its Honeydog investment is approaching the end of its clinical trials. Adds it is in negotiations for sales and distribution agreements for the heart drug and dietary supplement of investee Bio Vitos Medical. Declares no dividend for the year.

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AIM - LOSERS

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Safestyle UK PLC, down 16% at 25.93 pence, 12-month range 20.30p - 55.05p. Says order intake in the period from late September to the end of October has been "volatile". Blames this on political and economic news which it says has had an "adverse impact" on consumer confidence. Order intake in the period is 7.6% behind expectations and 2.7% behind the prior year. This will result in lower installation volume levels than expected, it adds. Further, the replacement window and door retailer says it is experiencing higher costs of acquisition than forecasts. Safestyle expects all this to "significantly" impact full-year profitability.

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Shearwater Group PLC, down 21% at 90.00 pence, 12-month range 70.00p - 155.00p. In the six months ended September 30, reports a significantly widened pretax loss of GBP1.6 million, from a loss of GBP518,000 the previous year. Blames this on the impact of weaker sterling against the US dollar during the first half. Chief Executive Phil Higgins adds that the firm's financial year is also traditionally weighted to the second-half. Revenue ticks up slightly to GBP10.7 million from GBP10.6 million thanks to "new client wins and successful contract renewals". Higgins says: "With good visibility of revenues and an expanded, global footprint, there is growing momentum across the group as we move into a more favourable macroeconomic environment in H2, with confidence levels higher than they were this time last year."

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Infrastructure India Enters Subscription Agreement With GGIC Affiliate

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Infrastructure India Says Darna Plant Out Of Operation After Monsoon

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Infrastructure India Subsidiary Commences Domestic Terminal Operations

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26 Jun 2014 09:57

Infrastructure India Doubles Short-Term Loan Facility

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7 May 2014 12:39

Infrastructure India Agrees Financing With Major Shareholder Affiliate

LONDON (Alliance News) - Infrastructure India PLC Wednesday said it has agreed a new financing deal with Cedar Valley Financial Ltd, making up to USD8.1 million available in the form of an unsecured loan facility, with the funds to be used to invest in subsidiary Vikram Logistic and Maritime Serv

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17 Mar 2014 11:42

Infrastructure India Says Vikram Logistic Subsidiary Under Pressure

LONDON (Alliance News) - Infrastructure India PLC Monday said the liquidity and working capital position of its subsidiary Vikram Logistic and Maritime Services Private Limited is under pressure, as it continues to experience delays in the disbursement of already-approved debt from public sector

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18 Mar 2013 10:30

Infrastructure India's subsidiary VLMS acquires Freightstar

AIM-listed closed-ended investment company Infrastructure India's subsidiary, Vikram Logistic and Maritime Services (VLMS) has acquired the logistics division of ETA Engineering Pvt, which operates under the brand name of Freightstar. With the closing of the transaction, VLMS has acquired all of t

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27 Dec 2012 15:40

COO of Afren sells 360,000 shares

Shahid Ullah, the Chief Operating Officer of Afren, the FTSE 250 energy group, has reduced his stake in the company by 360,000 shares. Ullah, who joined the company in 2008, traded in the stock at 130p a time on Christmas Eve, earning himself £468,000 before tax. Earlier this month the group, wh

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23 Aug 2012 16:00

Small caps round-up: Infrastructure India, SkyePharma, LiDCO Group

Infrastructure India, an AIM-listed investment group, pleased its investors with a 50.2 per cent leap in its net asset value (NAV) to 207.3m pounds over the year ended March. The value of the company's investments rose 94.9 per cent to 216.7m pounds, while the NAV per share climbed from 92p to 95p.

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24 May 2012 13:12

Infrastructure India director sells 12.5m shares

A Non-Executive Director of investment group Infrastructure India has sold 12.5m shares in the firm at 55p through an accelerated bookbuild secondary placing to satisfy certain personal financial obligations. Vikram Viswanath now holds 42,488,993, or 19.4% of the issued share capital, having sold

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21 Jul 2011 14:59

Infrastructure India buys wind farm group

Investment group Infrastructure India is to take over wind power group Indian Energy in a deal worth £7.9m. The company also announced its full-year results. Net asset value (NAV) rose by 244% to £138m in the year to 31 March, nut due to the dilutive effect of placings, NAV per share fell by 16% to

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11 Feb 2011 19:19

Transformational deal for Infrastructure India

AIM-quoted infrastructure investor Infrastructure India is raising £33m at 60.5p a share and acquiring significant new investments. After expenses, Infrastructure India will have £31.4m to invest in new infrastructure assets. Infrastructure India is acquiring 50% of India Hydropower Development Co

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22 Dec 2010 11:54

Infrastucture India hails economic outperformance

Infrastructure India, the closed-ended investment fund focused on the South Asian country's energy and transport sectors, saw its net asset value rise to 106p a share from 94p in the year to September 30. "India's economy has continued to fare better than most, in spite of continuing financial unpr

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30 Jul 2010 12:23

Small caps: Colliers, Digital Barriers, Mount...

Estate agent Collier International's first half revenues were up 12% on last year, with the UK 15% ahead. Market conditions remain challenging, but there has been some improvement in transaction volumes leading to a strong end to the period, Colliers added. Chief Executive David Izett also wants

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