AIM WINNERS & LOSERS: PayPoint buys Appreciate; Joules sinks

Mon, 07th Nov 2022 10:47

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

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AIM - WINNERS

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Appreciate Group PLC, up 58% at 41.12 pence, 12-month range 21.10p-42.00p. The prepaid gift card and voucher provider has agreed to a GBP83 million takeover by PayPoint PLC. PayPoint, a payment services provider, says the deal will "broaden the universe that PayPoint serves and strengthens the client and retailer proposition". PayPoint will pay 33 pence in cash and 0.019 of a new PayPoint share for each Appreciate share. At completion, PayPoint shareholders will own 95% of the enlarged firm, and Appreciate investors the remaining 5%. PayPoint shares were 3.5% lower.

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Caspian Sunrise PLC, up 28% at 4.61 pence, 12-month range 2.06p-5.90p. The Kazakhstan-focused oil & gas exploration and production company extends gains on Monday, even after sizeable stock price jumps on Thursday and Friday. On Thursday, Caspian created a new oil trading division as it seeks to avoid a price discount for oil sent through Russian pipelines. The stock has risen 91% since Wednesday's close.

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Rosslyn Data Technologies PLC, up 12% at 0.95 pence, 12-month range 0.82p-4.58p. The data management and analytics service provider pens two contracts worth GBP1 million in total over five years. The new "blue-chip" clients, which aren't named, are a US-based, multinational aerospace engineering company and a global automotive car rental company.

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AIM - LOSERS

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Joules Group PLC, down 24% at 10.42p, 12-month range 4.00p-232.00p. The retailer warns that trading underperformance has left its finances in a precarious state. The country lifestyle retailer is in talks with founder Tom Joule and its lender about obtaining a bridge loan, as recent weak trading has left its working capital position below expectations. The stock has taken a hit in recent months after a string of profit warnings and after talks for an investment from Next PLC broke down.

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By Eric Cunha; ericcunha@alliancenews.com