(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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Nichols PLC, up 7.9% at 1,213.54 pence, 12-month range 980.00p-1,650.00p. The flavoured cordial Vimto producer says it expects to report 2021 profit ahead of current market expectations. The company says revenue for the first nine months of 2021 was ahead of expectations, increasing by 17% year-on-year to GBP107 million. The Vimto brand has continued to deliver a strong performance across all of its markets, Nichols highlights. Going forward, the company sees adjusted pretax profit for 2021 ahead of the current market consensus, which stands at GBP19.1 million. Nichols now anticipates that adjusted pretax profit for the year will be in the range of GBP21 million to GBP22 million. For 2020, the company posted adjusted pretax profit of GBP11.6 million.
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President Energy PLC, up 7.5% at 2.02p, 12-month range 1.40p-2.89p. The oil & gas company focussed on Latin America says its subsidiary Atome Energy PLC agrees with ANDE, the national electric power company of Paraguay, for the supply of up to 250 megawatts of power for its production facility.
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eve Sleep PLC, up 6.6% at 3.25p, 12-month range 2.80p-9.50p. The sleep wellness brand says a collection of six eve branded CBD drops in Camomile and passionflower, and Ginkgo biloba and ginseng botanical extracts have gone live on its website. eve says it is also currently in discussions with a number of store based retailers who are interested in stocking the eve CBD oil range. eve also extends its range of sleep gifting and wellness products in recent weeks, including the non-alcoholic plant based three spirit nightcap drink, the gingko baton low glow night light, a range of eym candles and a selection of rescue remedy products designed to aid a restful night's sleep.
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AIM - LOSERS
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Berkeley Energia Ltd, down 6.1% at 13.14p, 12-month range 10.20p-45.35p. The clean energy company has been served with a writ for proceedings in the Supreme Court of Victoria at the Melbourne Commercial Court. The move follows announcement on Tuesday that Berkeley had received a claim from Singapore Mining Acquisition Co Pte Ltd in relation to the investment agreement and convertible note entered into in 2017. The claim alleges that the principle amount of USD65 million of the convertible note is immediately payable by Berkeley due to allegations that the investment agreement and convertible note have been frustrated, repudiated and/or an event of default has occurred. Berkeley disputes the allegations and claim made by Singapore Mining Acquisition and says it is currently seeking legal advice in relation to the matter.
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By Evelina Grecenko; evelinagrecenko@alliancenews.com
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