(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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Augean PLC, up 17% at 290.00 pence, 12-month range 160.00p-300.00p. The waste management hits 52-week high on Thursday as Morgan Stanley Infrastructure mulls a takeover bid. Morgan Stanley Infrastructure confirms press reports that it is considering a possible takeover offer for West Yorkshire-based Augean but says there can be no certainty that an offer will be made for the AIM listing or on what terms. Augean notes the announcement and confirms no approach has been made.
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Brave Bison Group PLC, up 9.5% at 1.50p, 12-month range 0.86p-2.00p. The London-based social media and marketing firm notes a "strong start" to 2021. Adjusted earnings before interest, tax, depreciation and amortisation for the first months of 2021 was in excess of GBP250,000, despite it being the usually weaker part of the year for Brave Bison. The company is confident it can meet or exceed current full-year market expectations. Share price falls just short of year-to-date, however, which was achieved in February.
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Belvoir Group PLC, up 5.2% at 245.18p, 12-month range 109.40p-254.00p. The property franchise group says trading in the four months ended April topped internal expectations. It notes "substantial revenue growth" across the board. "We have not seen activity in the residential property market at this level since early 2007," Chief Executive Officer Dorian Gonsalves says.
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AIM - LOSERS
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Inspirit Energy Holdings PLC, down 10% at 0.056p, 12-month range 0.027p-0.22p. The developer of combined heat and power boilers plans to raise GBP500,000 through the issue of 1.00 billion shares at 0.05p each, a 19% discount to its 0.062p closing price on Wednesday. Shareholders also will receive on warrant, exercisable at 0.075p, for every share bought in the placing.
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XLMedia PLC, down 7.5% at 45.96p, 12-month range 19.10p-70.00p. The London-based marketing company again warns of a revenue decline in its Casino vertical in 2021. However, it expects the decline there to be partially offset by improving trading in both European Sport and North American Personal Finance. It expects full-year revenue between USD65 million and USD70 million, at best a 28% hike from USD54.8 million in 2020, though still below 2019's USD79.7 million.
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By Eric Cunha; ericcunha@alliancenews.com
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Inspirit Energy (INSP)
Xlmedia (XLM)
Brave Bison (BBSN)