(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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Next Fifteen Communications Group PLC, up 7.9% at 928.00 pence, 12-month range 330.00p-971.44p. The marketing company's revenue grows 21% annually in first quarter ended April 30 and says growth is accelerating in the second quarter. Results for year ended January 31 will top management expectations, company says.
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James Latham PLC, up 3.4% at 1,127.00 pence, 12-month range 752.55p-1,180.00p. The timber and panel products distributor says revenue in the year ended March 31 rises 1.2% to GBP250.2 million from GBP247.1 million. Pretax profit is 19% higher at GBP18.6 million from GBP15.7 million. James Latham raises its annual payout to 21.2p per share from 15.5p.
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AIM - LOSERS
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First Property Group PLC, down 21% at 27.65p, 12-month range 26.60p-43.20p. The property fund manager cuts its annual payout by 73% to 0.45p per share from 1.67p. First Property decides against a final payout, after a 1.22p final dividend a year earlier. The company swings to a pretax loss of GBP5.1 million in the year to March 31, from a GBP5.5 million profit. Net asset value per share falls 23% to 33.33p from 43.53p.
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Robinson PLC, down 18% at 115.00p, 12-month range 80.35p-179.00p. The Chesterfield-based plastic and paperboard packaging manufacturer cautions that rising resin prices, coupled with availability issues, has caused margin pressure. The market price for resin up 60% since January 1, Robinson says. However, company notes sales in first five months of 2021 are 17% higher annually.
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By Eric Cunha; ericcunha@alliancenews.com
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First Property (FPO)
Robinson (RBN)