(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Advance Energy PLC, up 36% at 0.32 pence, 12-month range 0.0017p-0.35p. Shares in oil and gas company hit 12-month high on announcement of board changes, cost reductions and a refocused strategy moving forward. Says it has implemented measures to reduce the costs by over 50% through a number of initiatives, including reducing salaries and director fees by over 60%. Advance Energy has refined its strategy to create a self-funding oil and gas production company. Chief Executive Leslie Peterkin has decided to resign with immediate effect and he will be replaced on an interim basis by Non-Executive Director Larry Bottomley.
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YouGov PLC, up 0.8% at 1,240.00p, 12-month range 940.00p-1,600.00p. The research and data analytics expects its full-year results to be slightly ahead of management expectations, after a strong first half. company. With a robust sales pipeline heading into its second half, YouGov expects to finish ahead of expectations for the full financial year ending July 31. It expects revenue growth in line with its long-term strategic growth plan, and it will continue the same level of investment into its technology and platform. YouGov is one of the largest companies on AIM with a GBP1.38 billion market value.
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AIM - LOSERS
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Brandshield Systems PLC, down 8.2% at 14.00p, 12-month range 13.00p-27.00p. Shares in Israel-based cybersecurity software company hit 12-month low as it intends to raise GBP1.5 million to invest in growth via placing. Says the number of placing shares and their issue price will be determined after the close of the book-building process, which is expected later on Friday. The firm also places a total of 10.7 million shares at a price of 14 pence each, as well as 5.4 million warrants at an exercise price of 20p and exercise period of three years. The new shares will constitute 8.3% of the company's 128.7 million issued share capital. The proceeds will be put towards sales and marketing efforts, near-term sales pipeline conversion, and ongoing software development.
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Fevertree Drinks PLC, down 6.2% at 2,026.00p, 12-month range 2,020.76p-2,871.00p. Liberum downgrades the tonic water maker to Hold from Buy. The broker is taking a more cautious stance on the tonic water maker due to a bleaker earnings outlook on the back of rising cost pressures.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Fevertree (FEVR)