(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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Westminster Group PLC, up 31% at 5.36 pence, 12-month range 3.8p-11.47p. Says Services division awarded long-term managed services contract to provide security services to 5 airports in the Democratic Republic of the Congo. Says contract is for initial period of 20 years with 5-year renewal thereafter. Firm will provide ground security operations. "This latest multi-million USD per annum managed services contract was secured after many months of negotiation and delays caused by Covid travel restrictions," the security and services firm says.
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Wentworth Resources PLC, up 8.3% at 25.98p, 12-month range 14.55p-27p. Tanzania-focused natural gas production company now expects 2021 average production around 70 to 80 million standard cubic feet per day, up from 65 to 75 MMscf seen previously. Notes strong in-country gas demand in the first half. "We are delighted to be revising our 2021 production guidance upwards following higher than expected demand in H1 of this year alongside seeing a new record for monthly average daily production of 101.85 MMscf in March. This increased demand is in part due to a recovery in industrial demand from the impacts of Covid-19 and in part due to lower rainfall in the catchment areas of the hydroelectric dams," says Chief Executive Katherine Roe.
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AIM - LOSERS
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Pelatro PLC, down 23% at 40.45p, 12-month range 32p-73.75p. Late Monday, the marketing software specialist announces conditional placing to raise GBP2.2 million through the issue of 5.4 million shares at a price of 40 pence each, run by broker Cenkos Securities. Also plans to raise additional capital through PrimaryBid retail offer, which will remain open until 1200 BST on Wednesday. Proceeds from the raise will go towards sales and marketing, as well as strengthening the company's balance sheet, including the repayment of debt.
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TP Group PLC, down 19% at 4.58p, 12-month range 4.53p-9.2p. Reports 20% increase in 2020 revenue to GBP59.0 million, but pretax loss widens to GBP5.2 million from GBP1.2 million. "Our strong opening order book led revenues to hold up well, however, margins were eroded as a consequence of lockdown and the general business climate in the year. Some improvement was noted in the later months of the year, but we remain cautious of the continuing impact of the pandemic," the consulting, digital solutions and engineering services provider says.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Westminster Group (WSG)