(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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Premier Miton Group PLC, up 11% at 124.88 pence, 12-month range 109.00p-207.00p. For the six months that ended March 31, the London-based asset manager says revenue rose 10% to GBP48.5 million from GBP43.9 million year-on-year. Pretax profit jumps 60% to GBP9.9 million from GBP6.2 million. However, assets under management at the end of March stand at GBP12.85 billion, down 7.8% from GBP13.93 billion at October 1.
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Big Technologies PLC, up 7.0% at 283.00 pence, 12-month range 188.21p-385.00p. The remote people monitoring technology firm says revenue in the four months to the end of April rises 18% annually to GBP13.9 million. "These positive trends lead the board to remain confident in the group's ability to deliver results at least in line with current market expectations," the company says.
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AIM - LOSERS
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Poolbeg Pharma PLC, down 13% at 6.88p, 12-month range 4.13p-13.30p. The stock returns some gains on Friday, having jumped 32% on Thursday. The London-based pharmaceutical company on Thursday said it won patent grants from the US Patent & Trademark Office for its POLB 001 and POLB 002 molecules. The former is used to treat influenza, while the latter is an RNA-based immunotherapy for respiratory virus infections.
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Advance Energy PLC, down 19% at 0.15p, 12-month range 0.0017p-0.18p. The company says a production sharing contract will lapse, turning the energy firm into a cash shell, under AIM rules. Carnarvon Petroleum Timor has opts against entering the next period of the TL-SO-T 19-14 production sharing contract, which Advance calls the Buffalo licence. It is located in southeast Asian nation East Timor. It now has six months to make an acquisition that constitutes as a reverse takeover. Or it can become an investing company, which requires the raising of at least GBP6 million.
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By Eric Cunha; ericcunha@alliancenews.com
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Big Technologies (BIG)
Premier Miton (PMI)
Poolbeg Pharma (POLB)