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(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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Light Science Technologies Holdings PLC, up 21% at 2.73 pence, 12-month range 0.9p-8.0p. The plant monitoring solutions developer announces acquisition of Tomtech UK Ltd, a company that specialises in designing, making, and installing monitoring and control systems for commercial greenhouses and polytunnels. Says total staged cash consideration is GBP500,000, and acquisition will be earnings enhancing. Light Science CEO Simon Deacon says he is "delighted" to complete the firm's first acquisition since joining AIM. "Tomtech has an excellent team and reputation with its clients and we believe their range of products and technology know-how will further enhance our industry reach and standing," he says.
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Comptoir Group PLC, up 15% at 7.2p, 12-month range 4.25p-7.5p. The owner of Lebanese and Middle Eastern restaurant secures location for a new Comptoir Libinais restaurant in Ealing, which will be its first UK restaurant opening in four years. Says the space is 3,325 square feet on a "busy" location on the High Street next to restaurants such as Wagamama and Turtle Bay. "My dream is for Lebanese cuisine and culture to achieve the same popularity as Italian food, and this restaurant in Ealing will continue my passion for both the food and the culture," says Founder Tony Kitous. Expects restaurant to open in early October.
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AIM - LOSERS
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Surgical Innovations Group PLC, down 17% at 1.5p, 12-month range 1.41p-2.35p. The medical technology company says disruptions in manufacturing productivity and supply chain have persisted since its June update, and are now likely to hit profit in second half. Now expects to report "modest" positive adjusted earnings before interest, tax, depreciation, and amortisation, with "better momentum" in 2024. Adjusted Ebitda in 2022 was GBP700,000, and GBP500,000 in 2021. Expects annual revenue to be in line with its expectations. Will release interim results on September 19.
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By Elizabeth Winter, Alliance News senior markets reporter
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