(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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Newmark Security PLC, up 18% at 30.01 pence, 12-month range 0.67p-50.00p. Says it returns to profitability and positive operating cashflows during the first five months of financial 2023. For financial 2022, ended April 30, expects to report revenue of about GBP19 million, up from GBP17.6 million a year prior. Attributes this growth to its Human Capital Management unit's performance in the US and customer uptake of new products. Says second half of financial 2022 was hit by increases in componentry and freight costs. "The full benefits of price increases and cost measures will be seen in the current financial year," it adds.
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AIM - LOSERS
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Inspecs Group PLC, down 49% at 59.00 pence, 12-month range 59.00p-420.00p. Hits 12-month low as it delays the expansion of its existing Vietnamese factory and investment in a new factory in Portugal until at least the third quarter of 2023. The cut back on investment follows a 13% drop in its order book at September 30 versus the year prior. It says: "It is clear that Inspecs is not immune to the macro environment or the downturn in consumer confidence, particularly in Europe, and this is expected to impact the remainder of this year and into the first half of 2023. That said, Inspecs continues to increase its market share and the group is well placed to return to growth as and when its core markets return."
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By Paul McGowan; paulmcgowan@alliancenews.com
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Newmark Security (NWT)
Inspecs Group (SPEC)