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Share Price: 175.00

Bid: 170.00

Ask: 180.00

Change: 0.00 (0.00%)

Spread: 10.00 (5.882%)

Open: 175.00

High: 175.00

Low: 175.00

Prev. Close: 175.00

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AIM WINNERS & LOSERS: Tandem rises on strong results, positive outlook

Thu, 25th Mar 2021 11:28

(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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Tandem Group, up 14% at 653.60 pence, 12-month range 113.26p-669p. The sports equipment distributor says 2020 pretax profit was GBP4.0 million, up 60% from GBP2.5 million in 2019 on revenue of GBP37.1 million, down 4.6% from GBP38.8 million in 2019. Declares final dividend of 5.50p per share, up from 5.04p in 2019. Looking ahead, says it has made an encouraging start to 2021 and is optimistic about the outlook.

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Oncimmune Holdings, up 8.3% at 185.78p, 12-month range 43.25p-222p. The immunodiagnostics company will raise GBP9.0 million from a placing of 5.0 million shares at 180p. Oncimmune conducting the fund raise to invest in ImmunoINSIGHTS business. Placing price represents a premium of 5.0% to closing price of 171.5p on Wednesday.

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AIM - LOSERS

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Genedrive, down 27% at 84.75p, 12-month range 11.07p-302.60p. The molecular diagnostics firm swings to a first half pretax profit of GBP621,000 from a GBP3.3 million loss a year before on revenue of GBP355,000, down from GBP627,000. Says it continues to experience delays in gaining the key regulatory approvals from the US FDA, WHO and in India. Company is focusing on larger commercial opportunities in the Covid-19 space and expects progression from strategy in the coming months.

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Starcom, down 16% at 0.80p, 12-month range 0.72p-1.34p. The remote tracking systems firm posts 2020 operating loss of USD1.8 million, widened from USD706,000 loss in 2019 on revenue down to USD5.0 million from USD6.8 million in 2019.

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SpaceandPeople, down 14% at 8.65p, 12-month range 3.7p-19.6p. The promotional and brand experience specialist says trading during the second half of 2020 remained extremely challenging as further lockdowns in the UK and Germany affected the ability to operate. SpaceandPeople expects to swing to 2020 pretax loss of around GBP2.5 million from profit of GBP10,000 in 2019.

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Ebiquity, down 9.6% at 26.5p, 12-month range 17.1p-33p. The marketing and media consultancy says annual results reflect effects of Covid-19 pandemic on global advertising and client budgets. Ebiquity says 2020 pretax loss narrows to GBP3.9 million from GBP5.7 million in 2019 on revenue GBP55.9 million, down from GBP68.1 million. Ebiquity not proposing dividend for 2020 due to Covid-19 uncertainty.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

More News

9 Sep 2011 15:53

Poor retail outlook hits Tandem

AIM-listed sports and leisure equipment firm Tandem has warned that profits are to fall in the first half, compared with the same period last year, due to broader challengers for retailers. Pre-tax profit in the six months to 31 July is expected to be lower than the £648,000 reported the year befor

3 May 2011 07:21

Tandem revenue slips as profits rise

Sports and leisure equipment firm Tandem said revenue for the year ended 31 January fell 3% while pre-tax profit increased. The group incurred a number of cost pressures such as increases in freight and raw materials prices as well as shipping line disruptions and Far East labour shortages. Revenu

9 Feb 2011 15:01

Tandem predicts marginally improved profit

Sports and leisure equipment supplier Tandem says that its 2010-11 pre-tax profit will be slightly better than last year. AIM-quoted Tandem had already warned that Christmas trading might be weak and like-for-like turnover was 12.8% lower in the three months to December 2010. The poor weather had

20 Oct 2010 16:51

London close: Footsie shrugs off spending cuts

A strong performance on Wall Street breathed life back into Footsie after the leading share index suffered a weak spell following the Compehensive Spending Review (CSR). One sector to give the CSR the thumbs up was bus companies such as Stagecoach, Go-Ahead, FirstGroup and National Express. The sub

20 Oct 2010 14:21

London afternoon: Shares drift lower

Shares turned south over the lunchtime session though it is difficult to ascribe any of the losses to the impact of the Comprehensive Spending Review, much of which was widely as expected. Mining stocks are doing their bit to counteract the effects of Footsie stalwarts BAE Systems, Smiths Group and

20 Oct 2010 13:41

Tandem cautious on Christmas trading

The share price of sports and leisure equipment firm Tandem back-pedalled on Wednesday after the company said that tough trading conditions in September and October had made it wary about the group's prospects over the crucial Christmas trading period. Group revenue in the 27 weeks to 15 October wa

3 Sep 2010 16:33

London close: US jobs data buoys Footsie

Footsie was buoyant as trading closed for the weekend following some well-received US jobs data. The number of Americans who lost their jobs in August was 54,000 compared with predictions of over 100,000. The payrolls count in both the previous two months was also revised higher, exciting another

3 Sep 2010 14:13

London afternoon: Footsie hits 4-month peak

Dealing rooms across the City strapped on their buying boots ahead of the weekend following a much smaller than expected fall in US nonfarm payrolls. The number of Americans who lost their jobs in August was 54,000 compared with predictions of over 100,000. The payrolls count in both the previous t

3 Sep 2010 12:16

London midday: Traders play 'spot the bid target'

Footsie finished the morning not far off its high for the day, marginally above the 5,400 mark. It was a quiet morning for hard news, however, so traders entertained themselves with some good old fashioned bid speculation. Temporary power solutions provider Aggreko is the top performer on whispers

3 Sep 2010 09:02

London open: More gains for Footsie

Blue chips made progress early on for a sixth consecutive day, though all eyes will be on the US non-farm payrolls number at 1.30pm. US and Asian stocks made posted modest gains overnight. Autonomy is higher for a second day. Gossip doing the rounds yesterday was acquisition-hungry US software gian

3 Sep 2010 07:19

Tandem flags 'well ahead' FY

Sports and leisure equipment firm Tandem said it expects full year results to be well ahead of market expectations and will pay an interim dividend. The group said demand for its bikes remains strong with orders for bicycles, accessories and its toy businesses continuing to grow. "Increasing dema

21 Jun 2010 14:04

Tandem Group 20 Week Revenue Up 8% >TND.LN

LONDON (Dow Jones)--Tandem Group PLC (TND.LN), a manufacturer and distributor of sports and leisure equipment, said Monday revenue for the 20 weeks to June 18 was 8% above the comparative period last year. MAIN FACTS: -Trading conditions continue to be difficult due to cost pressures in resp

21 Oct 2009 08:11

Tandem H1 profit jumps 21%

Bikes, toys and sporting goods distributor Tandem said half year pre-tax profit jumped 21.3% while revenue rose 5.2%. Revenue for the six months ended 31 July 2009 rose to £18,949,000 from £18,020,000 in the same period last year. Profit before tax increased to £547,000 from £451,000. No dividend i

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