AIM WINNERS & LOSERS: IG Design plunges after profit warning

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Sensyne Health PLC, up 25% at 19.00 pence, 12-month range 14.00p-190.00p. The healthcare technology firm says it has successfully completed a financing agreement for up to GBP11.4 million. Earlier this month, Sensyne had warned it would not be able to trade beyond February without the cash injection.

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Revolution Beauty Group PLC, up 14% at 110.00p, 12-month range 95.18p-173.00p. The beauty and personal care products maker and retailer reports strong sales over the peak Christmas trading period, which increased 41% year-on-year on an underlying basis. Says this was achieved despite a volatile consumer backdrop with many markets going into lockdown. Expands into US with product rollout into over 2,800 Walgreens stores.

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Deltex Medical Group PLC, up 5.1% at 1.26p, 12-month range 1.05p-2.34p. The medical devices manufacturer wins contract worth USD200,000 for its TrueVue monitors from an unnamed "key distributor" in the Americas.

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AIM - LOSERS

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IG Design Group PLC, down 55% at 114.00p, 12-month range 113.00p-625.00p. Shares in craft, gifting and stationery maker hit 12-month low as it says supply chain problems, rising raw material and fulfilment costs, and a drop in demand for crafting in the US have hurt trading. IG Design now expects its financial 2022 adjusted operating profit to fall to a breakeven position, resulting in full year earnings significantly below current market expectations. Says there will be no final dividend payment in relation to the current year and expects that external challenges will continue into financial 2023.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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Design Group

Revolution Beauty