(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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St James House, up 86% at 74.5 pence, 12-month range 11.5p-95p. Shares in the gaming, lotteries, and payment processing software provider resume trading after publishing results for the half-year ended July 31 last year. St James House posts first half pretax loss of GBP567,000, narrowed from GBP1.3 million loss year before. On Tuesday, St James House had released its results for the financial year that ended January 2020, when its pretax loss had widened to GBP4.3 million from GBP393,000. St James House also had said on Tuesday it had agreed to sell its Market Access Ltd subsidiary to MDC Nominees Ltd for a nominal GBP1.00.
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Arden Partners, up 16% at 13.9p, 12-month range 2.35p-16.95p. The corporate adviser and stockbroker says that, since posting annual results last month, trading has remained strong, with all areas of the business performing well. Says market sentiment has remained positive and lower levels of volatility have created a "favourable environment" for the equities division.
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Tavistock Investments, up 9.8% at 2.80p, 12-month range 0p-2.9p. The fund management company "unequivocally" rejects takeover proposal by Team PLC, saying the proposed offer significantly undervalues the company. Tavistock says shareholders should take no action on Team PLC takeover offer. Team shares were 2.0% lower at 88.20p.
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Immotion Group, up 7.5% at 4.3%, 12-month range 2.1p-5.7p. The immersive entertainment group says footfall at its 22-seat 'Undersea Explorer' theatre opened last weekend at Clearwater Marine Aquarium in Florida was strong and uptake was encouraging. In the US, the majority of the company's Location-Based Entertainment partner sites are now open and trading, as Covid-related restrictions are beginning to ease.
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AIM - LOSERS
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Baron Oil, down 26% at 0.060p, 12-month range 0.01p-0.15p. The oil and gas exploration company raises GBP3.0 million from placing and subscription of 6.00 billion shares at 0.05p each.
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Pittards, down 6.6% at 45.75p, 12-month range 0p-54p. The leather products producer swings to 2020 pretax loss of GBP2.3 million from GBP600,000 profit in 2019.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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