AIM WINNERS & LOSERS: Ethernity wins deal; Nightcap plots AIM exit

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Ethernity Networks Ltd, up 36% at 0.99 pence, 12-month range 0.20p-4.70p. The supplier of data processing semiconductor technology for networking appliances wins a licence agreement with an aerospace system products provider in the US, worth USD1.1 million. According to the terms of the agreement, Ethernity will deliver its silicon-tuned software, supporting specific networking capabilities on a field-programmable gate array device, for the unnamed customer's platform.

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Aukett Swanke Group PLC, up 10% at 1.60 pence, 12-month range 0.71p-0.71p. The architectural and interior design services provider expects a better second half after a booking a widened loss in the first half ended March 31. Revenue climbs to GBP9.5 million from GBP4.6 million. However, its pretax loss widens to GBP1.5 million from GBP545,000. Personnel related costs grow to GBP5.9 million from GBP3.8 million. It registers GBP2.5 million in cost of sales, compared to none a year prior. "While the first half results are disappointing, reflecting moderately slower trading in all areas, we expect a better performance in the second half, although expect to report a full year loss," Chief Executive Nick Clark says.

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AIM - LOSERS

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Nightcap PLC, down 51% at 1.70p, 12-month range 1.00p-12.00p. The bars operator proposes an AIM exit, believing its "current public market valuation does not reflect the underlying potential of our business".

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By Eric Cunha, Alliance News news editor

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