2nd Sep 2021 11:33
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
----------
AIM - WINNERS
----------
Mobile Streams PLC, up 13% at 0.27 pence, 12-month range 0.19p-0.50p. The mobile content provider says its LiveScore service in Mexico, launched at the end of July, has exceeded its August subscriber target by 250% with over 3,500 subscribers now signed up. It estimates that this service in Mexico alone should generate at least USD1.5 million over 3 years in additional revenue for the company.
----------
Surface Transforms PLC, up 7.0% at 70.10p, 12-month range 23.20p-80.98p. The ceramic brake discs maker says its new strategy will increase 2023 sales capacity to GBP50 million per year from GBP35 million, with no new capital equipment cash requirement. Also says it has been awarded a new contract as a tier one supplier of a carbon ceramic brake disc to its existing mainstream customer described previously as OEM 5. Contract is worth EUR5 million spread over 5 years from 2024 to 2028.
----------
AIM - LOSERS
----------
Lekoil Ltd, down 41% at 0.90p, 12-month range 0.80p-3.00p. The Africa-focused oil and gas firm notes that it is in an internal dispute with Lekoil Nigeria about the day-to-day control of the Lekoil Group. Company has received legal advice that states it has limited control over the day-to-day operations of Lekoil Nigeria and its subsidiaries. Lekoil also says it has agreed on a convertible facility for up to GBP200,000 and that the repayment will come from either a capital raise in the fourth quarter or after the recovery of a USD800,000 loan it is claiming.
----------
Jet2 PLC, down 0.8% at 1,183.61, 12-month range 620.00p-1,573.22p. The budget airline says customers are booking "significantly closer" to departure for the summer season due to travel rules uncertainty. However, it is optimistic that summer 2022 will be a "considerable improvement" on 2021 and 2020.
----------
By Arvind Bhunjun; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Mobile StreamsSurface TransformsJet2