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(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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Angus Energy PLC, up 27% at 98 pence, 12-month range 0.56p-1.55p. The company unveils a strategic review and formal sales process. The AIM listing says its market capitalisation does not reflect its strategic value. It is a "valuation mismatch" that other smaller energy companies also experience, Angus adds. Angus explains it has received an indicative non-binding offer for some or all of its 51% stake in the Saltfleetby gas field in East Lincolnshire, UK. "Additionally, the board has received indications that certain parties may be interested in making an offer for the company," Angus adds.
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M&C Saatchi PLC, up 10% at 208.00 pence, 12-month range 84.75p-210.00p. The ad agency confirms it has received a preliminary takeover approach from Main Market-listed acquisition vehicle AdvancedAdvT Ltd, which has recently snapped up a stake in the company. AdvancedAdvT, which is backed by Marwyn Investment Management, announced on Wednesday that it had bought a 9.8% stake in M&C Saatchi, spending GBP24.0 million.
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SDX Energy PLC, up 7.8% at 10.92 pence, 12-month range 7.00p-19.90p. The Middle East and North Africa exploration and production company begins oil production at the MSD-21 infill development well in Egypt. SDX has a 50% working interest in the asset. SDX anticipates a 300 barrels of oil per day stabilised output rate from the well.
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AIM - LOSERS
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Blue Star Capital PLC, down 4.0% at 0.50p, 12-month range 0.11p-0.58p. The investor, with a focus on esports, payments and technology extends declines. Its stock surged 38% on Tuesday, though the company on Wednesday said it was "not aware of a reason" for the buying action.
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ASOS PLC, down 5.8% at 2,214.00p, 12-month range 1,970.50p-5,994.95p. Shares in the online retailer are down 7.3% so far in 2022. The stock has been hit in recent sessions by the expectation that the Omicron variant of Covid-19 will not lead to a fresh round of lockdown measures. Covid-19 lockdowns boosted demand at online retailers.
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By Eric Cunha; ericcunha@alliancenews.com
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