(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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One Media IP Group PLC, up 9.2% at 6.94 pence, 12-month range 6.00p-9.50p. The digital music rights acquirer, publisher and distributor posts higher annual revenue for the financial year that ended October 31. Revenue climbs to GBP4.4 million from GBP4.0 million. Pretax profit falls to GBP720,797 from GBP734,043. Reason is an asset disposal cost of GBP93,939 compared to none a year ago. Declares a final dividend of 0.055 pence per share, unchanged from a year ago. Chief Executive Officer Michael Infante expects a positive development in the current year. "The outlook for our industry is extremely encouraging, with growth accelerating and technology advances providing more and more opportunities for us to place our assets and maximise royalties. Against this and with a strong balance sheet, we're looking to the future with great optimism," he says.
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Kore Potash PLC, up 3.6% at 1.45 pence, 12-month range 0.65p-1.88p. Making progress in securing funding for the construction of the Kola potash project. Progress on the finance front is in line with the memorandum of understanding signed with the Summit consortium in April 2021, Kore says. The consortium is an investment group that represents investors and engineering firms. Kore has started a detailed review of the completed optimisation study on the Kola project. This study seeks to improve the Kola project value, reduce the capital cost, and shorten the construction schedule. In addition, the group says the consortium expects to submit an engineering, procurement and construction contract proposal for the construction of Kola based on the outcomes of the optimisation study within the next two months.
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AIM - LOSERS
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nanosynth group PLC, down 7.6% at 0.48 pence, 12-month range 0.42p-1.80p. The Nottingham, England-based digital monitoring and safeguarding systems manufacturer formerly known as Remote Monitored Systems responds to shareholder enquiries by confirming plans to grow by acquisition. Referring to an announcement made in February, "the board continues to progress this strategy and, at the appropriate time, a further announcement will be made," the firm explains.
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By Paul McGowan; paulmcgowan@alliancenews.com
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One Media (OMIP)
Kore Potash (KP2)