AIM WINNERS & LOSERS: Ocean Harvest warns on revenue; Eagle Eye up

Tue, 23rd Jul 2024 10:35

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

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AIM - WINNERS

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Deltic Energy PLC, up 12% at 12.05 pence, 12-month range 7.00p-44.00p. The natural resources investor, focused on assets in the southern North Sea, says the Valaris 123 drilling unit has been mobilised and is on its way to the Selene well. Deltic was informed of the progress by licence operator Shell UK Ltd. "Drilling operations are expected to commence shortly thereafter, with planned operations lasting approximately 90 days. The company will make a further announcement once drilling has commenced," Deltic adds. Deltic has a 25% working interest in the asset.

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Eagle Eye Solutions Group PLC, up 2.3% at 484.00p, 12-month range 430.00p-605.00p. The provider of personalised consumer marketing services expects to report annual earnings growth. The firm's customers include grocer Tesco PLC and retailer JD Sports Fashion PLC. Revenue in the year ended June 30 rises 11% to GBP47.7 million, it says. Adjusted earnings before interest, tax, depreciation and amortisation climbs 28% to GBP11.3 million from GBP8.8 million. The adjusted Ebitda tops market expectations, Eagle Eye says. "The company is pleased to announce today a number of new customer wins in the final month of the year and at the start of FY 2025, including the group's first customer in Vietnam, and retailers in new industries of Fuel and convenience and e-commerce, demonstrating the wide applicability of Eagle Eye's offerings. The wins will commence revenue contribution through the course of FY 2025," Eagle Eye ads.

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AIM - LOSERS

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Ocean Harvest Technology Group PLC, down 29% at 8.20p, 12-month range 5.89p-18.50p. The producer of seaweed-based ingredients for animal feed expects "materially lower revenue in 2024 than previously forecast". Revenue in the first half of 2024 is expected to have slumped 46% to EUR950,000. "This fall is more than accounted for by the fact that OHT's two largest customers of 2023 have yet to order product this financial year," Ocean Harvest adds.

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By Eric Cunha, Alliance News news editor

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