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AIM WINNERS & LOSERS: Ilika rises on battery shipments; SDI slides

Thu, 11th May 2023 11:15

(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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Ilika PLC, up 9.6% at 49.30 pence, 12-month range 22.50p-95.00p. The battery technology firm makes its first customer shipments of stacked Stereax M300 batteries from its UK manufacturing facility. The company adds it is also finalising terms of a possible partnership with Cirtec Medical LLC, an outsourcing partner in the field of medical devices.

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AIM - LOSERS

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SDI Group PLC, down 14% at 151.20p, 12-month range 137.00p-204.00p. The Cambridge-based medical technology predicts revenue of GBP69 million for the financial year that ended on April 30, up from GBP49.7 million the year before. Adjusted pretax profit is expected to be unchanged on-year at GBP11.8 million. "FY23 continued the pattern seen over recent years, with the after-effects of Brexit, Covid and a war in Ukraine creating uncertainty and generating supply chain and recruitment difficulties alongside unwelcome inflationary cost pressures," SDI says.

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PetroNeft Resources PLC, down 10% at 0.20p, 12-month range 0.20p-1.30p. The oil and gas exploration company says it has so far been unable to find an auditor for its 2022 results. PetroNeft says it is becoming "increasingly clear" it will be unable to report annual results by its June 30 deadline. On Wednesday, it reported that Stimul-T LCC, the operator of Licence 61, has filed for bankruptcy administration in Russia. WorldAce owns 100% of the voting equity in Stimul-T, which owns and operates Licence 61 in Tomsk in Russia. Petroneft and its joint venture partner, Oil India International BV, are the only shareholders in WorldAce. The Stimul-T woes "clearly represents additional challenges" to the firm, PetroNeft says.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

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