(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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Infrastructure India PLC, up 26% at 0.73 pence, 12-month range 0.46p-2.2p. India-focused infrastructure investor says it has conditionally sold Indian Energy (Mauritius) Ltd's assets for INR550 million, about GBP5.5 million, to AVSR Constructions. "The net proceeds of the sales will be used for group working capital, conditional upon IIP's lenders waiving the requirement to pay down a proportion of the company's debt, and will provide the company with a forecasted positive cash runway until September 2022," it says.
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Kingswood Holdings Ltd, up 3.6% at 29.00p, 12-month range 17.66p-34.00p. Finncap starts coverage on wealth manager with 'buy' rating and 39.00p price target.
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AIM - LOSERS
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Made Tech Group PLC, down 38% at 58.20p, 12-month range 58.20-148.50p. The UK public sector data service provider expects challenges of staffing of public sector contracts and increased overhead costs to hurt trading performance in fourth quarter of financial 2022 and first half of financial 2023.
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Safestyle UK PLC, down 9.0% at 43.21p, 12-month range 42.20p-68.00p. The doors and windows manufacturer says it suffered a cyberattack upon it in January. This caused around a 10% hit to first-half revenue. Safestyle has been advised the attack came from Russia.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Infra.india (IIP)
Made Tech (MTEC)
Kingswood H. (KWG)