AIM WINNERS & LOSERS: LPA wins three "prestigious" rail contracts

Tue, 17th Dec 2024 10:48

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

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AIM - WINNERS

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LPA Group PLC, up 32% at 75 pence, 12-month range 57p-86p. Announces three new contract wins worth GBP4 million in total, all in the export rail market. One is from national French rail operator SNCF Voyageurs SA to design and supply bespoke interior LED lighting for its regional and inter-city fleets over the next five years, "renewing a 16-year-old partnership". Says this "prestigious contract" is "a significant milestone". The second, deliverable by the end of 2025, is with Siemens Mobility GmbH to manufacture LED lighting for an overhaul of the Munich Metro rolling stock interior lighting system. Lastly, LPA will design and supply seat electronics and lighting for Grammer AG's Corridor Sud Italie project to be fitted into 15 Avelia Horizon trains being built by Alstom Transport. Contract is deliverable by the end of 2026.

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Abingdon Health PLC, up 10% at 8p, 12-month range 6.75p-12p. Wins USD2 million contract with US-based company Find Out From Home LLC to provide clinical trial, regulatory service and clinical trial support for four sexually transmitted infections throughout 2025. Says the contract starts this month with an initial USD350,000 purchase order. FOFH wants contract to enable US, EU and UK regulatory approval then commercialisation for four lateral flow self-tests for HIV, hepatitis B, hepatitis C and syphilis. Abingdon says its support will allow FOFH to advance the tests to the clinical trial stage in the first half of 2025, before filing for regulatory submission in the second half.

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AIM - LOSERS

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Cadence Minerals PLC, down 40% at 1.65p, 12-month range 1.65p-5.75p. Conditionally agrees to a letter of intent with Hesperian Metals SL to invest in and acquire up to 40% of two prospective tungsten, antimony, and gold exploration packages in Spain and Portugal. Says it will fund the investments through a placing with mainly institutional investors for gross proceeds of GBP1 million. Says the exploration tenement packages include the Pompeya project in Spain, a potential source of tungsten which "covers a sizeable former mining province". The other tenement package, the Sarzedaz project, contains several old mine workings prospective for antimony, tungsten and gold near Castelo Branco in eastern Portugal. Chief Executive Officer Kiran Morzaria says Cadence is "mindful of the changing macro landscape and our priority to ensure...maximum exposure to the critical minerals needed for energy and technology markets. As such, we are excited by the potential opportunity with the Pompeya and Sarzeda projects, particularly given the increasing importance of tungsten as a strategic raw material."

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By Emma Curzon, Alliance News reporter

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