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AIM WINNERS & LOSERS: Immunodiagnostic surges on PerkinElmer takeover

Mon, 17th May 2021 11:15

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

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AIM - WINNERS

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Immunodiagnostic Systems Holdings PLC, up 41% at 360.00 pence, 12-month range 180.00p-420.00p. The diagnostic solutions provider agrees to an all-cash takeover offer from the UK arm of Waltham, Massachusetts-based PerkinElmer Inc. The offer of 382p per share is a 44% premium to Friday's closing price of 265.00p. It values the share capital of Immunodiagnostic Systems at GBP110 million and implies an enterprise value of GBP88 million, the two companies note.

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MyHealthChecked PLC, up 19% at 5.00p, 12-month range 0.71p-7.45p. The home-testing healthcare company says it has signed a second contract with pharmaceutical and beauty retailer Boots UK Ltd for its at-home Covid-19 nasal swab kit, extending its offering to include tests for international arrivals to the UK.

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Cerillion PLC, up 9.2% at 666.00p, 12-month range 250.00p-670.00p. The billing and customer relations management software firm hails a "record" interim performance as orders surged, with the company boosting its payout by a fifth. New orders amount to GBP23.6 million in the half-year ended March 31, jumping from GBP9.5 million a year ago, which led to a 26% increase in revenue to GBP12.8 million from GBP10.2 million. Pretax profit more than doubles to GBP3.3 million from GBP1.2 million year-on-year. The company boosts its interim payout by 20% to 2.10 pence from 1.75p a year ago.

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Rotala PLC, up 3.9% at 35.32p, 12-month range 18.00p-37.00p. The West Midlands-based bus service operator says it welcomes the UK government's promise to invest GBP3 billion in buses and "intends to be a keen participant" in the plans. The government on Monday published further details on its national bus strategy for England, emphasising the need for local authorities and bus operators to build on their close relationships formed during the pandemic, Rotala says.

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AIM - LOSERS

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W Resources PLC, down 13% at 8.08p, 12-month range 7.66p-27.40p. The tungsten, tin and gold mining company says it has completed a placing to raise GBP2.3 million, which will be expanded to GBP2.5 million when Chair Michael Masterman invests. Place 28.3 million shares at 8 pence each to raise GBP2.3 million from new and existing investors. Masterman intends to participate and invest GBP250,000 on the same terms as the placing once the company has published its 2020 accounts and is no longer in a closed period. This will bump up the fundraising to GBP2.5 million.

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Blue Prism Group PLC, down 5.3% at 1,020.00p, 12-month range 1,100.00p-1,900.00p. The robotic process automation firm says it expects full-year revenue to be towards the lower end of guidance. Closing annual recurring revenue was GBP168 million compared to GBP154 million for the year to October 31, 2020. Based on the first-half annual recurring revenue runrate, and prevailing foreign exchange rates, the company believes full-year revenue is likely to be towards the lower end of the GBP170 million to GBP180 million guidance range.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
25 May 2022 15:42

IN BRIEF: W Resources shares to be cancelled from AIM on Thursday

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Confirms shares will be cancelled from trading on the AIM market in London, effective from Thursday morning. Back in April, W Resources had cited the "unprecedented difficult financial and operating circumstances in which the company finds itself" due to the rise in energy prices. On Wednesday, the company refers to "extremely high liquid natural gas prices that placed an excessive cost burden on the La Parrilla mine in Spain with the further impact of the ongoing truck drivers dispute which caused a shortage of critical spare parts". Also in April, Grant Thornton UK LLP resigned as its nominated adviser and Alternative Resource Capital and Shard Capital as brokers.

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23 May 2022 19:29

TRADING UPDATES: Big Yellow's annual profit surges on occupancy gains

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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25 Apr 2022 15:18

IN BRIEF: W Resources to delist from AIM in May as energy costs bite

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Plans to delist shares from trading on AIM market in London, effective from around May 24. Cites the "unprecedented difficult financial and operating circumstances in which the company finds itself" due to the recent rise in energy prices. Shares have been suspended from trading since the start of April, and W Resources says on Monday that Grant Thornton UK LLP has resigned as its nominated adviser and Alternative Resource Capital and Shard Capital as its brokers.

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5 Apr 2022 14:24

IN BRIEF: W Resources suspends shares due to cashflow uncertainty

W Resources PLC - tungsten, tin and gold mining and exploration company in Spain and Portugal - Suspends its shares from trading on the Alternative Investment Market. This follows the firm suspending its production at La Parilla mine in northwestern Spain due to parts shortages and cashflows uncertainty.

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18 Mar 2022 20:28

TRADING UPDATES: Elixirr buys in US; JPMorgan Russian wary of values

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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18 Mar 2022 14:37

W Resources restarts La Parrilla after extended shutdown

(Sharecast News) - Portugal and Spain-focussed tungsten, tin and gold miner W Resources said on Friday that, following its maintenance shutdown, production at the La Parrilla mine in Spain had now restarted.

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2 Mar 2022 20:28

TRADING UPDATES: MediaZest virus hit; SpaceandPeople Network Rail deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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2 Mar 2022 11:36

AIM WINNERS & LOSERS: Osirium wins contracts; musicMagpie flies lower

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

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24 Feb 2022 21:57

TRADING UPDATES: Enwell shuts down operations; i3 ups oil production

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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18 Feb 2022 20:25

IN BRIEF: W Resources eyes fundraise early next week

W Resources PLC - tungsten, tin and gold mining and exploring company in Spain and Portugal - Says discussions regarding fundraise, which is expected to be in the form of debt, are at a "very advanced stage" and expects to complete the fund raise early next week.

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15 Feb 2022 14:44

IN BRIEF: W Resources shares down by a third as fundraise on horizon

W Resources PLC - tungsten, tin and gold mining and exploring company in Spain and Portugal - Says fourth quarter production at its La Parrilla mine of tungsten concentrate dropped 47% to 89.7 tonnes from 168.3 tonnes in the prior quarter, with the recovery rate dropping quarter-on-quarter to 31% from 58%. Says production was hit by limited access to medium and higher-grade ore caused by a two-week delay in blasting, as well as delays caused by heavy rainfall into the pit. Heavy rain also constrained crushed ore operations, but stockpile will resolve the issue.

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15 Feb 2022 10:42

AIM WINNERS & LOSERS: Eqtec up on Billingham deal; MySale tumbles

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

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5 Jan 2022 15:52

IN BRIEF: W Resources raises GBP830,000 amid lowered output guidance

IN BRIEF: W Resources raises GBP830,000 amid lowered output guidance

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5 Jan 2022 12:16

W Resources reports tough Q4, raises £0.83m to cover cash flow

(Sharecast News) - Spain and Portugal-focussed tungsten, tin and gold exploration and mining company W Resources updated the market on production at the La Parrilla tungsten and tin mine in Spain on Thursday, as it completed a £0.83m fundraise to relieve recent pressures on cash flow.

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15 Nov 2021 19:13

TRADING UPDATES: Kingswood buys wealth manager; Helios capacity grows

TRADING UPDATES: Kingswood buys wealth manager; Helios capacity grows

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