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AIM WINNERS & LOSERS: Novacyt revenue falls but Bidstack's jumps

Thu, 7th Jul 2022 11:05

(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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Bidstack Group PLC, up 12% at 2.80 pence, 12-month range 1.60p-6.15p. The game advertising platform says first half revenue surges to GBP2.1 million from GBP820,000 a year earlier. "The board is pleased with Bidstack's progress in the first half and expects that revenues for FY22 will be in line with market expectations, primarily reflecting the increased commitments arising under the Azerion contract for the second half," Bidstack says.

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AIM - LOSERS

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Novacyt SA, down 23% at 114.56p, 12-month range 1.31p-127.00p. It now expects yearly revenue of GBP25 million, down from the previous GBP35.0 million to GBP45.0 million outlook. Covid-19-releated revenue has tumbled quicker than expected, the biotechnology group says.

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Jet2 PLC, down 11% at 792.00p, 12-month range 767.40p-1,434.19p. Stock hits this 52-week low on Thursday. The airline and package holiday operator posts a widened annual loss and cautions that its performance in the year ahead depends on the aviation market returning to stability. Airports have been hit by severe disruption in recent months.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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