(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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t42 IoT Tracking Solutions PLC, up 39% at 14.25 pence, 12-month range 5.60p-31.75p. The real-time tracking, security and monitoring solutions provider signs a deal with an unnamed Latin American distributor for the provision of t42 products and services to local port authorities in Argentina. The contract has a four-year duration and an estimated total value of at least USD16 million.
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Aeorema Communications PLC, up 18% at 65.05 pence, 12-month range 25.00p-83.00p. The London-based live events agency expects to swing to annual profit, driven by a "record" performance. Aeorema reports that revenue in the year to June 30 more than doubled to GBP11.8 million from GBP5.1 million last year. On the back of this, the company expects to swing to a pretax profit of GBP700,000 from a GBP159,698 loss in financial year 2021. It adds that virtual and hybrid events continue to be a source of revenue.
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AIM - LOSERS
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Distil PLC, down 11% at 1.20p, 12-month range 0.74p-2.80p. The alcoholic spirits maker's volumes falls 79% yearly and its revenue drops 81% to GBP120,000. The figures reflect Distil's decision to handle all of its UK sales and marketing opportunities with retail customers, rather than through a third-party distributor, it says.
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Sound Energy PLC, down 14% at 1.30p, 12-month range 1.20p-3.40p. A Moroccan court has rejected its subsidiary's demand for a USD2.6 million annulment, in respect to remaining charges from the Moroccan Tax Administration. The company adds that it has not been provided with reasons for, or details of, the tribunal's decision. However, Sound Energy says that once the reason for the decision is available, it will then consider what further steps it will take "including but not limited to lodging an appeal".
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By Eric Cunha; ericcunha@alliancenews.com
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T42 Iot Track. (TRAC)
Aeorema Comm. (AEO)
Distil (DIS)
Sound Energy (SOU)