(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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Aeorema Communications PLC, up 28% at 57.00 pence, 12-month range 22.70p-57.00p. The London-based live events agency - which has looked to reposition itself as an online conferences provider amid the pandemic hitting the live events sector - expects a strong first half. Revenue for the half ending December is expected to be no less than GBP4.5 million, "greater than any other period on record". It will be its first profitable first half "in many years". With revenue often weighted to the second half, Aeorema is confident of continued growth in revenue for the year ending June 30. In addition, it has added Hannah Luffman to its board in a newly-created group commercial director role. Shares hit a record high on Tuesday.
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Vela Technologies PLC, up 20% at 0.057 pence, 12-month range 0.045p-0.15p. Findings from a clinical trial of a Covid-19 treatment for diabetics are encouraging. Vela, which has an economic interest in the AZD1656 asset, notes UK-based biomedical charity St George Street Capital reported the trial has been completed. St George Street Chair John Martin says: "The completion of the Clinical Study Report is a major milestone and we are encouraged by the trial findings which indicate that AZD1656, a simple oral tablet, has the potential to become a new treatment for Covid-19 - independent of viral mutations - initiating a new wave of therapies for clinicians in meeting this global challenge."
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AIM - LOSERS
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Joules Group PLC, down 24% at 149.00p, 12-month range 131.00p-310.00p. The retailer warns its performance during the crucial Black Friday trading period was "below expectations". Joules says it was hurt by global supply chain issues, higher costs, stock delays and a labour shortages in its third-party operated distribution centre. The AIM listing says revenue in the half ended November 28 is 35% higher annually at GBP128 million. For the full-year, Joules expects annual pretax profit of between GBP2.0 million and GBP2.5 million, which would be down from GBP3.7 million in the previous financial year. Shares set a 52-week low on Tuesday.
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Cohort PLC, down 13% at 521.20p, 12-month range 481.00p-682.00p. The defence and security markets-focussed technology company posts a decent interim performance but warns order intake and delivery issues at its Chess Technologies range could hurt the firm. Chess offers tracking, fire-control, and surveillance services. Cohort acquired a majority stake in Chess back in December 2018. "Chess order intake and delivery issues are expected to impact the group result for the full year," Cohort warns. Cohort's revenue in the six months to October 31 rises 10% to GBP60.0 million, though its pretax loss widens to GBP1.7 million from GBP370,000.
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By Eric Cunha; ericcunha@alliancenews.com
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