AIM WINNERS & LOSERS: DigitalBox feels upbeat; Zytronic swings to loss

(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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DigitalBox PLC, up 19% at 3.98 pence, 12-month range 3p-8.99p. The digital media and owner of brands such as Daily Mash, The Poke, The Tab and TVGuide.co.uk said it anticipates that adjusted earnings before interest, tax, depreciation and amortisation will meet market consensus. Back in September, the firm said it expects to deliver positive Ebitda for the full year, while last year, it posted adjusted Ebitda of GBP1.1 million. The firm says it faced challenges in 2023, including a difficult UK advertising market and a restriction on publisher traffic from major platforms. It says it expects to return "more positive trading in 2024". CEO James Carter says: "From an audience perspective, the business has diversified its traffic sourcing to a point where it is now fundamentally more evenly balanced than at any point in the company's history."

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Eden Research PLC, up 18% at 6.80p, 12-month range 12.16p-46.22p. The company focused on sustainable biopesticides and plastic-free formulation technology receives regulatory approval in US state of California for Mevalone. Mevalone is a foliar biofungicide which was initially developed to target botrytis on grapes. Notes California is a key area of focus, with the US's largest wine producing regions located within the state. Eden adds: "Regulators around the world have banned a growing number of commonly used conventional chemical pesticide products in recent years. As a result, farmers need viable alternatives to maintain yields and keep up with growing demand for food. Biopesticides, such as Eden's Mevalone, are becoming an increasingly popular option for farmers looking to adopt more environmentally friendly practices."

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AIM - LOSERS

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Chamberlin PLC, down 30% at 2p, 12-month range 1.99p-4.48p. The specialist castings and engineering group raises GBP830,000 in a placing of 31.4 million shares at 2.00p, and a subscription of 10.2 million shares at the same price. The price represents a 30% discount to the closing price on Monday. Will use proceeds as working capital to support its growth strategy across its three business divisions and to strengthen its balance sheet.

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Zytronic PLC, down 26% at 59p, 12-month range 57.5p-155p. The touch sensors manufacturer says revenue dropped 30% to GBP8.6 million in the year ended September 31 from GBP12.3 million the year before, amid headwinds within Gaming and Vending markets. Swings to a pretax loss of GBP2.0 million from a GBP700,000 profit. Forgoes final dividend, after paying out 2.2p a year before. "With the trends exhibited in the second half of FY23 continuing in the first quarter of FY24, revenues in the current year to date are lower than the same period last year. Nevertheless, the group benefits from a strong balance sheet and has good visibility over its cost base over the next twelve-month period," says Non-Executive Chair Chris Potts.

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By Elizabeth Winter, Alliance News deputy news editor

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