(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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Kazera Global, up 42% at 1.74 pence, 12-month range 0.1p-1.95p. The investment company says diamond production closed for February at 242 carats, which means that assuming a sale price of USD200 per carat, the South African diamond division will be operating on a profitable basis once sales are achieved. Notes progress continues to be made on investment by a local Namibian investor. The terms of investment package have now been agreed for an overall investment of EUR9.1 million which will be made in two tranches.
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Mobile Streams, up 28% at 0.29p, 12-month range 0.08p-0.52p. The mobile content and data intelligence company signs "major" contract worth GBP480,000 with iGaming company Quanta Media Group.
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Trans-Siberian Gold, up 14% at 114.30p, 12-month range 40.5p-134.5p. Gold miner agrees to takeover offer from Horvik, a Cyprus registered company indirectly owned by Vladislav Sviblov, who also is invested in former London listing Highland Gold Mining Ltd. Horvik agrees to buy 51.2% stake in Trans-Siberian Gold for 118p per share, valuing company at GBP108.4 million. Offer is 18% premium to Wednesday's closing price of 100p and now will be made to all Trans-Siberian shareholders.
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AIM - LOSERS
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Tekcapital, down 19% at 11.69p, 12-month range 3.63p-24p. The intellectual property investment group raises GBP3.8 million via 38 million share placing at 10p per share. Says funds raised will be used to increase investment in its portfolio companies Belluscura, Lucyd, Salarius and Guident to accelerate their growth.
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Fevertree Drinks, down 10% at 2,301.00p, 12-month range 888.4p-2,587p. The premium tonic-water maker posts a drop in annual profit as lockdown restrictions hurt on-trade sales by forcing the closure of bars and restaurants. For 2020, revenue was GBP252.1 million, down 3% from GBP260.5 million in 2019, and pretax profit was GBP51.6 million, down 29% from GBP72.5 million. Adjusted earnings before interest, tax, depreciation and amortisation margin was 22.6%, down from 29.6%. Looking ahead, Fevertree reintroduced guidance and anticipates revenue growth of 12% to 16% in 2021 and Ebitda margins consistent with 2020. "Soft guide on margin could take 15% out of street earnings in 2021," note analysts at Jefferies. Fevertree is one of the biggest companies on AIM, with a market value of GBP2.67 billion.
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XLMedia, down 9.3% at 48.45p, 12-month range 14p-54.75p. The digital marketing services provider enters agreement to buy Sports Betting Dime for USD26 million. It plans to raise GBP23 million via a placing, direct subscription with the company, and open offer of shares. The proposed placing and subscription to raise minimum gross proceeds of GBP20 million by way of accelerated bookbuild through the issue of minimum 50 million new ordinary shares at 40p each.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Fevertree (FEVR)
Xlmedia (XLM)
Mobile Streams (MOS)
TekCapital (TEK)