(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
----------
AIM - WINNERS
----------
Oncimmune Holdings PLC, up 3.7% at 55.50 pence, 12-month range 41.00p - 146.00p. The immuno-diagnostics developer announces a collaboration with Siemens Healthineers AG, a Frankfurt-based medical technology company, in order to improve malignancy risk assessment in lung cancer. The collaboration will bring together Oncimmune's EarlyCDT Lung blood test with Siemens Healthineers' AI-Rad Companion Chest CT, an AI-powered radiology assistant that supports radiologists by performing automatic post-processing, quantifying and interpreting data. Oncimmune says that by combining autoantibody biomarker data with imaging results, it expects malignancy risk assessment of indeterminate pulmonary nodules to improve.
----------
Tekcapital PLC, up 4.8% at 20.44 pence, 12-month range 14.75p - 37.80p. The intellectual property-focused investment company announces that portfolio firm Guident Ltd has signed a letter of intent of Auve Tech OU to provide remote monitoring and control services for Auve Tech's autonomous vehicles. Tekcapital says by combining Auve Tech's level four autonomous vehicles with Guident's RMCC software, the companies will bring an "enhanced level of safety" to self-driving technology. The companies' plan to launch the Auve Tech MiCa autonomous vehicle combined with Guident's RMCC software to customers in North America during the second half of 2023, Tekcapital says.
----------
AIM - LOSERS
----------
Rotala PLC, down 7.3% at 46.82 pence, 12-month range 21.45p - 50.92p. The bus operator closes its GBP10.0 million tender offer. In January, Rotala proposed to return GBP10.0 million to shareholders through a tender offer of 18.2 million shares at 55 pence each. The tender offer price is at a 34% premium to the closing price on January 25, being the last business day before the announcement.
----------
Purplebricks Group PLC, down 16% at 8.34 pence, 12-month range 8.21p - 30.50p. The estate agency says the implementation of its turnaround plan continues "at pace". Says that the turnaround plan has involved more disruption to the sales field "than originally envisaged" in order to achieve the required costs saving and efficiency improvements. Books GBP1.2 million in one-off exceptional costs during the second half of the financial year ending April 30, as a result. Adds that instruction numbers in its third quarter were lower than previous expectations as a result of this disruption. Company identifies a further GBP4 million in annualised cost savings in order to streamline the letting business, as well as "more conservative investment" in the ramp up of the mortgages business. Purplebricks now expects to deliver revenue between GBP60 million and GBP65 million, and an adjusted loss before interest, tax, depreciation and amortisation between GBP15 million and GBP20 million in financial 2023.
----------
By Heather Rydings, Alliance News senior economics reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Oncimmune (ONC)
TekCapital (TEK)