(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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Light Science Technologies Holdings PLC, up 16% at 6.98 pence, 12-month range 6p-32p. The agricultural lighting and monitoring systems provider completes Gateway 1, the first "milestone" in its contract with Zenith Nurseries Ltd. The completion of the first phase, to develop the cloche lighting system and demonstrate viability, resulted in GBP51,000 worth of revenue.
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MySale Group PLC, up 14% at 2.5p, 12-month range 1.03p-8.95p. The AIM listing slams Fraser Group PLC's bid to take full ownership of the online retailer as too low. At 2p per share, MySale says the bid was the lowest the Sports Direct-owner could have offered under City rules. Frasers in June acquired just shy of a 29% stake in MySale. Frasers in August tabled a bid to take full ownership of MySale. At 2p per share, it valued the MySale share capital Frasers does not already own at GBP13.6 million. It put a GBP19 million valuation on all of MySale's equity. Fraser's shares are down 1.5% on Friday.
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AIM - LOSERS
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Drumz, down 10% at 0.9p, 12-month range 0.45p-1.14p. Half-year loss narrows as investment in software provider Acuity Risk Management Ltd delivered revenue growth. However, Drumz notes disappointment regarding the performance of KCR Residential REIT PLC, which owns property in the UK private rented residential sector. The value of Drumz's holding in KCR has fallen to GBP317,000 as at June 30 from GBP390,000 at December 31, 2021, Drumz says.
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AfriTin Mining Ltd, down 8.4% at 4.99p, 12-month range 4.5p-9.79p. Raises USD12.8 million in share placing, taking total proceeds from fundraising to USD22.8 million. Shares were placed at 5p each. Placing price is 8% discount to Thursday closing price.
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By Lucy Heming; lucyheming@alliancenews.com
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Andrada Mining. (ATM)
Light Science (LST)
Frasers Group (FRAS)