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AIM WINNERS & LOSERS: Trackwise falls as loss wider, cash runway short

Thu, 30th Mar 2023 11:30

(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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Scotgold Resources, up 14% at 15.33 pence, 12-month range 11p-87p. The Scottish gold producer announces interim results for the six months to December 31. Gold concentrate sales rise to AUD9.5 million from AUD6.4 million, as pretax loss widens to AUD9.5 million from AUD5.6 million. Notes its first Scottish gold dore sales, worth GBP25,420, were made to Scottish jewellery companies in December. "The period under review, whilst challenging, has seen progress and important milestones being achieved at our Cononish gold mine, in Tyndrum, Scotland," says Chair Peter Hetherington.

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PetroTal Corp, up 12% at 44.22p, 12-month range 33p-63.5p. The Peru-focused oil and gas company says average production and sales in 2022 are 12,200 and 13,168 barrels of oil per day. This is a rise of 36% and 56% respectively year-on-year, and comes despite "significantly constrained" production in the fourth quarter, due to low river levels and a river blockade. Annual net profit rises to USD188.5 million from USD64.0 million.

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AIM - LOSERS

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Trackwise Designs PLC, down 45% at 0.63p, 12-month range 0.52p-84p. The maker of specialist products using printed circuit technology says it expects annual revenue to slip to GBP7.5 million in 2022 from GBP8.0 million the year before, with pretax loss set to widen to GBP7.7 million from GBP2.0 million. Also updates on the order for flexible printed circuit boards announced back in October. Says it expects a delay to the manufacture and delivery of the parts to the electric vehicle original equipment manufacturer. This is due to the EV OEM undertaking a redesign and validated the parts to meet revised requirements. Consequently, the second GBP4.0 million payment due under the contract will not be received in April as expected. Trackwise expects the contract to have an "amended payment profile", but if this is not resolved in the coming months, its cash runway will only extend to the end of May.

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Infrastructure India PLC, down 33% at 0.2p, 12-month range 0.2p-0.9p. The Indian asset-focused closed-ended investment company says it agreed to an extension of the maturity date on its term loan with IIP Bridge Facility. The loan is a four-year facility entered into by the firm's Mauritian subsidiary, carrying a 15% interest rare per annum. The maturity date of April 1 is now extended to May 1.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Sep 2014 10:22

Infrastructure India Net Asset Value Down, Optimistic On India Outlook

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20 Aug 2014 07:12

Infrastructure India Enters Subscription Agreement With GGIC Affiliate

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7 Aug 2014 14:35

Infrastructure India Says Darna Plant Out Of Operation After Monsoon

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21 Jul 2014 08:53

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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