AIM WINNERS & LOSERS: Naked Wines plans returns; ADVFN plans delisting

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

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AIM - WINNERS

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Naked Wines PLC, up 27% at 79.90 pence, 12-month range 42.00p-79.90p. Sets out a new strategic plan. The online wine seller will now target GBP10 million to GBP15 million in annual earnings before interest, tax, depreciation and amortisation, against GBP5.0 million in adjusted Ebit in financial 2024 and GBP15.9 million in financial 2023. This goal is to be supported by GBP23 million in newly identified annualised cost savings, creating up to GBP30 million in additional net cash. Naked Wines is also aiming to deliver sustainable underlying revenue growth, with a 5% to 10% exit growth rate. Revenue is expected to stabilise at GBP200 million to GBP225 million by financial 2029. The firm is also prioritising reaching GBP75 million in cash from the March 2025 balance sheet, which will be delivered over the medium term largely by liquidating GBP40 million in excess inventory. In addition, Chief Executive Officer Rodrigo Maza adds: "We will look to commence distributions, unlock capital from surplus inventory, double down on serving our most valuable members, and transform how we attract and retain new customers." Naked Wines anticipates "material additional one-off returns" over the medium-term, enabled by "sustained profitability". This will include the firm considering share buybacks, when it considers its share price to be trading at a material discount to the board's view of intrinsic value per share.

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Mobile Steams PLC , up 23% at 0.64 pence, 12-month range 0.030p-0.67p. The mobile gaming content provider notes the launch of online casino and sportsbook business Estadio Gana in Mexico. Mobile Streams currently holds a 29.94% stake in Estadio Gana. "This project has been a focus for the team both here in London for Mobile Streams as well as the team and our numerous partners in Mexico," says Mobile Streams Chief Executive Officer Mark Epstein. "We believe we are in a great position, and this is just the beginning of a very exciting phase of growth for Mobile Streams."

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AIM - LOSERS

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ADVFN PLC, down 44% at 7.33p, 12-month range 3.52p-29.80p. Proposes delisting from London's AIM market, as "the disadvantages associated with maintaining the admission of the ordinary shares to trading to be disproportionately high when compared to the perceived benefits of being quoted on AIM". Shareholder approval for the cancellation will be sought at a general meeting on April 25. The provider of stock market information to private investors reports a narrowed pretax loss of GBP453,000 for the six months that ended December 31,from a restated GBP532,000 loss a year before. Revenue declines 13% to GBP2.0 million from GBP2.3 million, while administrative expenses are reduced by 11% to GBP2.5 million from GBP2.8 million. "Since the change in management and board in the second half of 2022, ADVFN has witnessed an increasingly challenging market environment," says Chief Executive Officer Amit Tauman. "The AIM market, the broader stock market, and ADVFN specifically have faced significant headwinds. One of the biggest challenges has been a decline in ADVFN's revenue, driven primarily by a slowdown in sales, a challenge we have observed across our sector. Nonetheless, we have made significant progress in optimising our cost structure and improving operational efficiency. This has been a long and challenging process, but we have successfully reduced annual costs from GBP8 million to approximately less than GBP5 million and have maintained this saving as more long-term projects take effect in Q1 2025. These efforts have ensured that ADVFN is becoming a sustainable, flexible and more efficient organisation."

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By Emily Parsons, Alliance News reporter

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