(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Saietta Group PLC, up 18% at 234.00 pence, 12-month range 112.00p-250.00p. The axial flux electric motor technology developer says it has made progress since its initial public offering in July in its core focus of the lightweight mobility market. Saietta says it is starting the planned expansion of its UK production and testing capabilities and has opened up access to a new market segment with "significant" potential. Further, Saietta says it has been working with Electric Assisted Vehicles Ltd and has agreed to be the exclusive supplier of in-wheel traction motors to EAV's proposed lightweight inner-city vehicle.
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Elixirr International PLC, up 18% at 617.00p, 12-month range 225.00p-708.50p. The consultancy firm says its profit surged in the first half of 2021 amid expansion. Elixirr posts a 77% year-on-year increase in revenue for the six months to June 30 to GBP24.0 million, with record revenue recorded in five of the six months in the period. Pretax profit more than doubles to GBP6.4 million from GBP2.6 million posted for the first half of 2020. Going forward, says it has strong pipeline for the remainder of the year, leading to the second upgrade in board expectations for 2021 of between GBP47 million to GBP50 million of revenue.
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Beeks Financial Cloud Group PLC, up 11% at 189.76p, 12-month range 86.50p-189.76p. Shares in IT service management company hit 12-month high says it expects further growth going forward, following a strong performance in its most recently ended financial year. Revenue increases 24% in the financial year that ended on June 30 to GBP11.6 million from GBP9.4 million posted the year before. Pretax profit, meanwhile, jumps to GBP1.3 million from GBP678,000 in financial 2020. The company now anticipates revenue for the year ending June 2022 to be ahead of current market expectations.
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Revolution Beauty Group PLC, up 6.1% at 156.70p, down from 2.1% July's IPO price of 160.00p. The beauty products retailer expects to report GBP78 million in revenue in the six months to August 31, up 35% year-on-year. Sees an uptick in sales as beauty industry enters its seasonal peak trading period of September to November. It does not expect to feel effects of global supply chain disruptions.
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AIM - LOSERS
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Ethernity Networks Ltd, down 32% at 36.40p, 12-month range 16.05p-60.00p. The network processing technology company says it will issue of 12.0 million new shares at a price of 35.00p each. The issue price represents a discount of 35% to the closing price on Friday last week. The new shares to be issued represent 18% of the company's enlarged share capital. The company says net proceeds of GBP3.9 million will strengthen the balance sheet, to allow Ethernity to support the growing number of engagements for its 5G offering towards field deployments, and for general working capital purposes.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Ethernity Net (ENET)
Beeks Fin.cloud (BKS)
Elixirr International (ELIX)
Revolution Beauty (REVB)