AIM WINNERS & LOSERS: Wynnstay Group sees better year ahead

Tue, 11th Feb 2025 11:07

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

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AIM - WINNERS

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SpaceandPeople PLC, up 8.4 at 97.55 pence, 12-month range 57.00p-115.00p. The provider of promotional and short-term retail space says a strong showing in the first half continued in the second half of 2024. Revenue for the year is "above market expectations" at GBP6.8 million, rising from GBP5.8 million in 2023.

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Wynnstay Group PLC, up 9.9% at 312.00p, 12-month range 270.00p-418.50p. The firm reports an annual profit decline but expects things to improve in its new year. The agricultural supplies firm says pretax profit for the year ended October 31 fell to GBP4.1 million from GBP8.7 million a year prior. Revenue declined 17% to GBP613.1 million from GBP735.9 million, with the company attributing most of the drop to commodity price deflation. Looking ahead, the company expects an improved performance in the new financial year, supported by a business transformation initiative called Project Genesis, which aims to establish a more efficient operating model.

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AIM - LOSERS

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Crimson Tide PLC, down 9.5% at 95.00p, 12-month range 90.20p-285.00p. The firm agrees to be taken over by Checkit PLC in an all-share deal worth GBP6.5 million. Under the terms of the merger, each Crimson Tide shareholder would receive six Checkit shares for each Crimson Tide share. Crimson Tide, software developer and provider of the mpro5 solution, would hold 27% of the enlarged group. Checkit walked away from a potential takeover offer in June. It made an all-share approach, but noted at the time that it had been "unequivocally rejected". Checkit shares were 6.1% lower.

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By Eric Cunha, Alliance News news editor

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