(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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Cap-XX Ltd, up 76% at 0.34 pence, 12-month range 0.058p-2.90p. The manufacturer of supercapacitors for portable electronic devices says that it has been signed a settlement agreement with Tesla Inc. "Whilst the terms of the settlement agreement are confidential, they do not involve payments to Tesla that the board of CAP-XX considers to be material to the company," Cap-XX says. Back in September 2019, Cap-XX alleged that Maxwell Technologies had directly and indirectly infringed on CAP-XX's patents for several capacitor products. Maxwell, a California-based manufacturer of energy storage and power delivery products, was acquired by Tesla in 2019 for USD218 million. However, last year, Tesla filed a counter complaint against Cap-XX in a US District Court, alleging infringement of two patents by Cap-XX.
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Getech Group PLC, 8.4% at 8.95p, 12-month range 4.10p-15.95p. The geo-energy and green hydrogen company says it has made a "strong" start to 2024. Revenue for the first two months of the year are about 40% ahead of the same period in 2023. In 2024 to date, Getech has secured contract wins totalling GBP900,000, including three new annual software subscription customers as well as the renewal of eight annual licenses for the Globe geoscience platform and software products. Chief Executive Richard Bennett comments: "Getech has had a good start to 2024, and I am pleased by the improved financial position of the company. Importantly, prospects for the business continue to build as we retain our long-term clients, as well as attract new brands to our growing subscription base."
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AIM - LOSERS
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Blue Star Capital PLC, down 20% at 0.026p, 12-month range 0.026p-0.25p. The investment company reports a pretax loss of GBP6.3 million for the financial year that ended September 30, 2023, widened from GBP1.3 million in financial 2022. The main factors behind the significant loss were the write down in value of the company's investments in Dynasty Media & Gaming and Sthaler and losses incurred on the realisation of the company's quoted investments. Executive Chair Tony Fabrizi says: "The last year was one of considerable disappointment for all those connected with Blue Star. The material and unexpected write down in value in our investment in Dynasty has had a significantly detrimental impact on the company's net asset value and this has obviously impacted sentiment towards the company."
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By Sophie Rose, Alliance News senior reporter
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Cap-xx (CPX)
Getech Grp (GTC)
Blue Star (BLU)