13th Aug 2021 11:35
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
----------
AIM - WINNERS
----------
Braveheart Investment Group PLC, up 19% at 27.02 pence, 12-month range 12.00p-140.20p. The investment company raises GBP2.5 million from placing of 13.9 million shares at 18.00p. The placing price is a 21% discount to the closing price of 22.75p on Thursday. Braveheart will use the funds to accelerate the development of Paraytec's Covid-19 test by taking control of the final design and engineering packages.
----------
Brave Bison Group PLC, up 4.4% at 1.80p, 12-month range 0.86p-2.00p. The marketing firm says it will buy Greenlight Digital Ltd and Greenlight Commerce Ltd in a GBP6.8 million deal. To finance the deal, the group conditionally raises around GBP6.2 million through a placing of 455.6 new shares at a price of 1.35p per share, a 22% discount to Thursday's closing price of 1.72p.
----------
AIM - LOSERS
----------
Best of the Best PLC, down 47% at 811.00p, 12-month range 800.00p-3,600.00p. Shares in the car and lifestyle competition company hit 12-month low. Best of the Best warns full-year sales and profit are set to plunge as marketing costs rise and customer demand falls with the easing of lockdown restrictions. Sales in the 15 weeks ended Sunday are down 15% from the previous 15-week period ended April 30, the company said. As a result, profit in the current financial year, which ends April 30, 2022, is expected to fall 57%. In financial 2021, the company made GBP14.1 million in pretax profit on GBP45.7 million in revenue.
----------
Venture Life Group PLC, 27% at 73.25p, 12-month range 73.00p-118.00p. The consumer healthcare products maker reports shrinking interim revenue caused by falling sales of hand sanitiser. Revenue for the six months ended June 30 is expected to be GBP13.8 million, down 18% from GBP16.8 million a year before. The decline was blamed on substantially lower sales of hand sanitising gel and shrinking sales to its Chinese partner for Dentyl mouthwash. Despite the disappointing revenue result, Venture highlighted that it was "starting to see encouraging signs of a post Covid recovery in retail in the UK".
----------
By Arvind Bhunjun; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Braveheart InvestmentsBrave BisonVenture LifeBOTB.L