(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Goldplat PLC, up 15% at 8.08 pence, 12-month range 5.05p-9.2p. The gold producer notes that Papillon Holdings PLC has had prospectus approved by UK Financial Conduct Authority. This is key step to Papillon's trading readmission and its proposed reverse takeover of Mayflower Gold, subsequent to which 30% of the USD1.5 million consideration will be payable in cash and remainder through the issue of Papillon shares to Gold Mineral Resources Ltd, Goldplat's subsidiary. Following the sale, Goldplat intends to distribute surplus cash to shareholders. In addition, the company will pay any royalties received from Mayflower as dividends.
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600 Group PLC, up 15% at 13.48p, 12-month range 7.2p-17p. The diversified industrial engineering company says trading in first quarter of current financial year has been strong, with order books seeing "marked improvement" since end of March and increased levels of activity across group. As at July 15, order book stood at USD22.5 million, compared with USD14.1 million at end of March.
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Sanderson Design Group PLC, up 13% at 167.4p, 12-month range 185p-218.86p. The interior furnishings firm expects profit for six months to July 31 to be ahead of board expectations as positive trading continues through first 23 weeks of current financial year. "The board believes the group is benefiting from the convergence of three positive impacts: (1) pent up demand for home interiors, (2) the trend towards maximalism, and (3) the post-Brexit increased demand for British design and manufacturing," it says.
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AIM - LOSERS
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One Media IP Group PLC, down 8.7% at 8.1p, 12-month range 5.30p-9.49p. The digital media content provider reports growth in revenue to GBP2.1 million for half-year to April 30 from GBP2.0 million a year ago, but pretax profit slips to GBP359,117 from GBP399,236. "The group receives the majority of its income in US dollars. Recent movements in exchange rates have been unfavourable however the board carefully monitors exchange rates to ensure the company can seek to take advantage of the best exchange rates available," it says.
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Fevertree Drinks PLC, down 7.8% at 2,258.60p, 12-month range 1,919p-2,786.54p. The premium tonic water maker reports strong sales in its first half, but margins squeezed by global logistics cost pressures. Total sales in the half to June 30 GBP141.8 million, up 36% on a year ago. However, gross margin was "impacted by significantly elevated costs resulting from the disruption currently impacting global logistics". Fevertree raises annual revenue guidance to a range of GBP295 million to GBP304 million. "However, as is being seen in other sectors, growing challenges from COVID-related logistics disruption and associated costs is putting pressure on the group's margins. Consequently, we anticipate gross margins of about 44% for FY21, or 43% inclusive of revenue from GDP's portfolio brands, delivering an Ebitda margin of about 20%," the company says.
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By Lucy Heming;Â lucyheming@alliancenews.com
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GoldPlat (GDP)
Fevertree (FEVR)
One Media (OMIP)
Sndrsn Dsn (SDG)