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Pin to quick picksCrimson Tide Share News (TIDE)

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AIM WINNERS & LOSERS: In The Style out of vogue; Hotel Chocolat melts

Tue, 19th Jul 2022 11:10

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Crimson Tide PLC, up 13% at 2.38 pence, 12-month range 1.90p-3.38p. The firms wins a deal with a "major" wholesaler for its mpro5 workforce management software. "The new client will be using Crimson Tide's mpro5 solution to digitalise processes across its entire estate of over 190 stores in the UK," it says. The deal is worth GBP550,000 and spans an inital three years.

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Directa Plus PLC, up 8.2% at 106.00 pence, 12-month range 95.10p-178.00p. The London-based graphene nanoplatelet products producer and supplier signs a commercial agreement with REDA Energy Ltd to distribute its Grafysorber oil response products. The commercial agreement follows "successful testing" of the Grafysorber products by REDA customers in the North Sea.

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AIM - LOSERS

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In The Style Group PLC, down 34% at 49.00p, 12-month range 48.00p-230.00p. It reports an annual loss and unveils new underwhelming guidance for the year ahead. In the year to March 31, the firm swings to a pretax loss of GBP1.5 million versus a GBP125,000 profit the year prior. Despite the profit drop, annual revenue improves to GBP57.3 million from GBP44.7 million. For financial 2023 as a whole, revenue is guided to be broadly flat. DTC revenue is guided to grow at mid-single digit rates, while wholesale revenue is expected to decline at a double-digit rate. Stockbroker Davy notes this new guidance is significantly below the 15% total revenue rise previously expected. The stock hits this 12-month low on Tuesday.

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Hotel Chocolat Group PLC, down 49% at 121.00p, 12-month range 120.00p-540.00p. The chocolatier reports growth in its recently ended financial year, with sales in the 52 weeks to June 26 rising 37% to GBP226 million from GBP165 million the year before. This was ahead of market expectations, it notes, which stood at GBP212 million. It expects underlying pretax profit for the year will be in line with consensus forecasts, which it cites as GBP22 million. For the 2021 financial year, it posted pretax profit before exceptional costs of GBP10.1 million. However, it cautions on a reported basis, it will pot a loss, swinging from pretax profit of GBP7.8 million. This is largely due to impairment provisions - after a revised assessment of the probability of recovering GBP23 million of loans made to its Japan joint venture - and costs from the closure of retail stores in the US.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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18 Feb 2020 10:33

Crimson Tide Secures Rail Sector Contracts Worth GBP600,000 In Total

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18 Feb 2020 08:34

Crimson Tide secures 'major' contracts in rail sector

(Sharecast News) - Software developer Crimson Tide has secured a number of "major" contract awards in the rail sector, providing the group with more than ?600,000 of long-term contracted revenues.

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23 Dec 2019 11:35

Crimson Tide Signs GBP2 Million Contract With UK Supermarket For Mpro5

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23 Dec 2019 08:13

Crimson Tide locks in long-term contract with unnamed supermarket giant

(Sharecast News) - Business solutions provider Crimson Tide has scored a significant long-term contract win with one of the country's leading supermarkets.

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1 Oct 2019 13:22

Crimson Tide Shares Rise On Mpro5 Contract With Retailer

Crimson Tide Shares Rise On Mpro5 Contract With Retailer

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1 Oct 2019 10:17

Crimson Tide secures long-term contract with leading supermarket

(Sharecast News) - Business solutions provider Crimson Tide has scored a significant long-term contract win with an unnamed leading supermarket.

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27 Sep 2019 09:08

Crimson Tide Hails Larger Sales Pipeline As Interim Profit Grows

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27 Sep 2019 09:05

Crimson Tide profit surges as it deals with larger clients

(Sharecast News) - Business software provider Crimson Tide reported a 2,000% improvement in its profit before tax increased for the first half on Friday, to £0.1m.

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1 Jul 2019 15:49

Crimson Tide Promotes Pieter Hurter To Finance Director Role

(Alliance News) - Crimson Tide PLC said on Monday Pieter Hurter has been chosen as the company's finance director & company secretary.Stephen Goodwin has retired but will remain as

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27 Jun 2019 15:22

Crimson Tide secures several new contracts for 'mpro5' platform

(Sharecast News) - Crimson Tide reported a number of contract wins for its 'mpro5' platform on Thursday, as well as new partnership agreements.

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7 Jun 2019 13:32

Crimson Tide's profit falls after costs rise on new hires

(Sharecast News) - Crimson Tide on Friday reported a drop in annual profits despite a slight increase in revenues, as its cost of sales and operating expenses increased.

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17 May 2019 14:38

Liontrust Investment Partners Now Holds 5% Stake In Crimson Tide (ALLISS)

LONDON (Alliance News) - Crimson Tide PLC on Friday said that Liontrust Investment Partners LLP now holds a 5.02% stake in the company.Prior to Wednesday's deal, Liontrust's in the

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