(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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John Lewis of Hungerford PLC, up 13% at 1.30 pence, 12-month range 0.45p-1.95p. The kitchen manufacturer and retailer returns to profitability for recently ended financial year. Also says it has started new financial year with an order book substantially larger than in recent years. For financial year that ended on June 30, revenue rises 42% to GBP7.9 million from GBP5.6 million last year and swings to pretax profit GBP81,000 from GBP885,000 loss.
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Ideagen PLC, up 3.6% at 290.00p, 12-month range 203.00p-335.00p. The information management, safety, risk and compliance software provider buys Australian compliance software firm Compliance Technology Holdings Ltd for AUD105 million. "We see a significant opportunity to leverage CompliSpace's Australian footprint with our existing product suite, whilst also expanding its customer base into Europe and North America - in line with our strategy to grow both our geographical and sector expertise," says Ideagen Chief Executive Officer Ben Dorks.
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ITM Power PLC, up 2.3% at 490.60, 12-month range 262.50p-724.00p. Jefferies starts coverage on the energy storage and clean fuel company with a Buy rating.
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AIM - LOSERS
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GYG PLC, down 14% at 50.05p, 12-month range 49.00p-90.70p. The superyacht maintenance company says that, as a result of significant operational and financial disruption caused by Nobiksrug, it will now deliver a financial result for 2021 much lower than previous expectations. GYG is handling payment delays at Nobiskrug shipyard in Germany, with whom it has three active contracts and invoices outstanding totalling around EUR2.8 million. "The Nobiskrug shipyard administration and ongoing contractual discussions remain unresolved. Progress is being made and management is confident of reaching a resolution, however, it is now clear that work is unlikely to restart on these projects in the current financial year," GYG says.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Itm Power (ITM)