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AIM WINNERS & LOSERS: Naked Wines shake-up; SigmaRoc revenue rises

Thu, 20th Oct 2022 10:55

(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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Naked Wines PLC, up 27% at 120.00 pence, 12-month range 75.00p-818.10p. The online wine seller announces a leadership re-jig, and a restructuring programme. Chair Darryl Rawlings departs with immediate effect. David Stead, who has been at the company since 2017, replaces him. Naked Wines says it was in active discussions with James Crawford to assume the role of chief financial officer on a permanent basis. "We recognise that in pursuit of rapid growth we have made mistakes," Chief Executive Nick Devlin says. The company now expects revenue to fall by between 4% and 9% in the current financial year, downgraded from previous expectations of between 4% growth and 4% decline. Shares are down 82% so far this year.

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SigmaRoc PLC, up 7.5% at 45.70 pence, 12-month range 36.00p-105.00p. The construction-focused investment company says revenue in the nine months to September 30 climbs 19% year-on-year on a like-for-like basis to GBP394 million. Underlying earnings before interest, tax, depreciation and amortisation rise 5% like-for-like to GBP77 million.

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AIM - LOSERS

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GB Group PLC, down 16% at 360.00p, 12-month range 340.20p-940.00p. Shares in the identity data intelligence firm suffer selling pressure despite reporting first-half growth. For the six months to September 30, revenue rises 23% to GBP133.8 million from GBP109.2 million a year earlier. "Full year expectations remain unchanged despite macro-economic uncertainty; assisted by FX benefits," GB Group says. It expects to report an adjusted operating profit margin for the first half of approximately 21%. Analysts at Davy commented: "[The second half] is usually a stronger half; however, the ask to reach consensus expectations of GBP299 million revenue and GBP72 million in adjusted operating profit now looks significant."

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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