(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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Marks Electrical Group PLC, up 5.2% at 71.55 pence, 12-month range 68.00p-128.00p. The electrical products retailer makes a strong start to its current financial year, with revenue growth in spite of a challenging market backdrop. For the four months ended July 31, group revenue rose 14% to GBP27.7 million from GBP24.3 million the same period a year before. Marks Electrical said it grew its market share in Major Domestic Appliances year-on-year to 3.8% from 2.5%, while its market share in Consumer Electronics edged upwards to 0.3% from 0.2%. The group noted a strong performance across all categories, but particularly in televisions, vacuum cleaners, washers and dryers.
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Hurricane Energy PLC, up 2.5% at 7.96p, 12-month range 2.00p-12.37p. The oil and gas producer produces 258,000 barrels of oil during July at the Lancaster field at an average oil rate of 8,324 barrels of oil per day. In June, oil production stood at 256,000 barrels of oil. Says 30th cargo of Lancaster oil lifted on July 24, totalling 534,000 barrels and resulting in net revenue of USD60 million. The company will carry out its planned annual shut down in September. Next cargo expected to be lifted in October.
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AIM - LOSERS
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MJ Hudson PLC, down 6.4% at 29.25p, 12-month range 29.00p-59.00p. The asset management consultancy says it has successfully raised GBP9.0 million via a share placing of 30 million shares and GBP22,000 via a retail offer, at an issue price of 30.00p each. MJ Hudson late Wednesday said it had hoped to raise a total of GBP9.5 million.
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C4X Discovery Holdings PLC. down 1.0% at 24.90p, 12-month range 20.00p-47.90p. The drug discoveries company proposes placing to raise up to GBP5.7 million through issue of EIS/VCT shares and general placing shares at 25.00p each. Says proceeds will be used to further support corporate development and ongoing commercial activities. Placing price is 0.6% discount to Wednesday's closing price of 25.15p.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Marks Electric (MRK)