AIM WINNERS & LOSERS: Tekcapital and Springfield Properties climb

Mon, 17th Feb 2025 11:07

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

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AIM - WINNERS

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Springfield Properties PLC, up 10% at 108.50 pence, 12-month range 73.00p-113.00p. The housebuilder in Scotland announces the "profitable" sale of 2,480 plots of undeveloped land with planning consent across six sites for GBP64.2 million to larger peer Barratt Redrow PLC. "Proceeds from the land sale will be received over four years and will be used to accelerate the removal of the group's outstanding bank debt and to capitalise on the significant growth opportunities emerging in the north of Scotland. In addition, the group and Barratt have entered into non-binding discussions regarding the possible sale of additional future land holdings on a number of other sites," Springfield says.

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Tekcapital PLC, up 9.5% at 10.01 pence, 12-month range 5.50p-18.00p. The intellectual property investment group says the value of its portfolio was USD64.2 million at the end of 2024, up 38% from 2023. "Tekcapital's core business objective is to grow its net assets and return material levels of capital generated from its portfolio companies' successes to shareholders via special dividends. As ever, we remain committed to this objective, and our portfolio companies' progress in 2024 means we have taken strides forward in delivering on our long-term strategy," Chair Clifford Gross says.

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AIM - LOSERS

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Orosur Mining Inc, down 2.7% at 13.82p, 12-month range 2.10p-15.00p. The South America-focused minerals explorer completes the first phase of a two-phase joint-venture over the El Pantano gold project in Santa Cruz province, Argentina. "The company can now move to the second phase of the JV, that could see it move to 100% ownership of Deseado upon investment of an additional USD2 million over two years," Orosur adds. Orosur shares have more than doubled in 2024 so far.

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By Eric Cunha, Alliance News news editor

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