(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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PCI-PAL PLC, up 10% at 94.75 pence, 12-month range 34.63p-121.5p. The cloud provider of secure payment solutions expects to report revenue of GBP7.3 million for year ended June 30, up 66% on the GBP4.4 million reported for the year before. Expects adjusted pretax loss "marginally better" than current expectations, which it places at GBP3.6 million. "We start the new financial year in a strong position. With our total annual contract value accumulated to GBP9.5 million, we already have high visibility towards the market forecast revenues for FY22 of GBP10.4 million," says Chief Executive James Barham.
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H&T Group PLC, up 7.4% at 263.00p, 12-month range 198p-340p. The pawnbroker says trading has shown "good momentum" since easing of pandemic trading restrictions in April.
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AIM - LOSERS
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Tricorn Group PLC, down 27% at 4.36p, 12-month range 4.36p-9p. The pipe manufacturer decides to undertake review of strategic options after "extended period of challenging markets and turbulent trading", with options including possible sale of the firm or the sale of one or more of its operations. "While the group is currently operating within its borrowing facilities, the near term reduction in profitability and the increased pressure on working capital mean that these facilities alone will not provide the group with the necessary cash to make the required investment to deliver the turnaround strategy and return the group to profitable cash generation," it notes. In separate release, reports pretax loss of GBP44,000 for half-year to March 31, slimmed from GBP774,000 a year ago. Says customer demand improvement, but poor material availability and input price inflation hit firm in quarter to June 30.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Pci-pal (PCIP)
H&t Group Plc (HAT)