(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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Great Western Mining Corp, up 26% at 0.1537 pence, 12-month range 0.1p-0.31p. Announces start of its 2022 drilling campaign. Has contracted a reverse circulation rig for a drill programme of around 3,350 metres, which has now commenced at the Southern Alteration Zone in the Rock House group of prospects. "We have a busy drilling season now under way on several of our prospects and will keep shareholders informed as we make progress," says Chair Brian Hall.
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Knights Group Holdings PLC, up 24% at 117.00p, 12-month range 91.2p-455p. The legal and professional services firm expects revenue for financial year ended April 30 of around GBP125.5 million, up 22% on GBP103.2 million the year before. Underlying pretax profit seen at "minimum" of GBP18.1 million, down from GBP18.4 million the year before. Also on Thursday says it has agreed to buy Coffin Mew LLP, an independent law firm in the south east of England, for GBP11.5 million.
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AIM - LOSERS
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Portmeirion Group PLC, down 7.6% at 439p, 12-month range 431p-720p. The pottery company says sales in first four months of 2022 up 2% on a year ago and margins improve, but notes "significant change" to consumer sentiment and spending since last year. "So far we have successfully mitigated these challenges by forward-ordering stock and having long term energy contracts in place until March 2024. However, with a traditional heavy second half sales weighting, we remain cautious and watchful as to how macro conditions develop as the year progresses," firm says.
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By Lucy Heming; lucyheming@alliancenews.com
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Great Western (GWMO)
Portmeirion (PMP)
Knights Group . (KGH)