(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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eve Sleep PLC, up 16% at 2.90 pence, 12-month range 2.40p-9.50p. The London-headquartered sleep wellness brand says it is on track for a second successive year of revenue growth in-line with market expectations. Even against tough comparatives, November e-commerce annual sales order growth was 4%. Versus pre-Covid times, it was up 64%. November included the crucial Black Friday period. "eve's supply chain has held up well, supported by careful planning and strong relationships with European suppliers and delivery partners, as well as the focus on mattress manufacturing with third party providers in the UK and Belgium," the company explains.
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Kefi Gold & Copper PLC, up 11% at 1.13 pence, 12-month range 0.80p-2.50p. The company's Gold & Minerals Ltd joint-venture has been awarded two additional exploration licences in Saudi Arabia. The Al Godeyer and Al Godeyer East licences have been granted for an initial five-year term. The new licences are a "significant step" for plans for the wider Hawiah project.
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Feedback, up 8.6% at 0.88 pence, 12-month range 0.60p-1.57p. The medical imaging software company announces it will team with Amazon Web Services to provide cloud-based tuberculosis screening services in India. AWS will provide "non-equity funding" for initial hosting costs, Feedback explained.
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AIM - LOSERS
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Tungsten Corp PLC, down 22% at 25.72p, 12-month range 22.00p-41.00p. The London-based digital financial management products provider agrees to pay USD1.5 million, plus USD513,000 in legal fees to settle an employment claim in the US. The invoicing platform denies allegations made in the claim but said a settlement "is in the best interests of the company and its shareholders". In addition, Tungsten posts interim results for the six months to October 31. Revenue increases 1.7% year-on-year to GBP18.3 million from GBP18.0 million. Tungsten swings to a pretax profit of GBP600,000 from a GBP30.5 million loss.
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Purplebricks Group PLC, down 21% at 25.09p, 12-month range 24.46p-112.77p. The lettings management business estimates that it will need to take a provision of between GBP2 million and GBP9 million. This is in relation to how it has been communicating with tenants on behalf of landlords over deposit registrations. "The company believes that it is prudent to provide for any potential future claims which could arise under the Housing Act in relation to this regulatory process issue," the firm cautions. It is in the process of finalising the level of provision and will therefore delay its results for the six months ended October 31. They were due to be published on Tuesday.
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By Eric Cunha; ericcunha@alliancenews.com
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Kefi Gold (KEFI)
Feedback (FDBK)