4th Nov 2021 10:51
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Fulham Shore PLC, up 8.4% at 18.15 pence, 12-month range 7.4p-20.37p. The owner of the Franco Manca restaurant chain says trading continues strongly, with revenue at its 17 restaurants in the West End of London and city centre office locations performing "particularly well" since AGM in late September, with sales now 3% ahead of 2019. "This strong revenue growth post September 2021 continues to be ahead of management's expectations," it says.
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Belluscura PLC, up 7.8% at 105.95p, 12-month range 45p-112p. Says demand for X-PLO2R portable oxygen concentrator has significantly exceeded initial expectations. Firm has now beat anticipated sales volume for 2021 and expects run rate for unit sales and revenue in 2022 will be materially ahead of current market forecasts. "Based upon the current growth prospects and opportunities, the company has entered into an updated partnership agreement with its US based manufacturing partner to increase production capacity to meet anticipated demand for FY22 and beyond," the oxygen enrichment technology developer says.
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AIM - LOSERS
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Purplebricks Group PLC, down 33% at 35.50p, 12-month range 34.50p-112.77p. The online estate agent says six months to October 31 "more challenging" after buoyant housing market in its prior financial year. "New instructions have slowed significantly in recent months, given continued strong demand across the housing market is not being met by sufficient supply of instructions," it says, adding that new instructions to market down 23% on a year ago. Expects full-year adjusted earnings before interest, tax, depreciation and amortisation below previous guidance. "Following a stronger period for instructions last year, supply in the market has fallen as we slowly adjust to a below normal level of activity following a period of successive lockdowns and the end of the stamp duty holiday," says Chief Executive Vic Darvey.
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Alien Metals Ltd, down 14% at 0.9217p, 12-month range 0.65p-1.84p. Proposes placing priced at 0.85p per share to raise GBP3.5 million. Placing price is 21% discount to Wednesday closing price of 1.08p.
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Gattaca PLC, down 12% at 183.00p, 12-month range 47.85p-287.9p. Revenue for 2021 falls to GBP415.7 million from GBP534.7 million. Pretax profit rises to GBP2.2 million from GBP1.3 million, but underlying profit falls to GBP3.2 million from GBP4.8 million. "Given the current market conditions, our clients are finding it more challenging to identify and secure specialist talent, which plays well to Gattaca's expertise in delivering critical skills and talent for their businesses," the employment agency says.
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By Lucy Heming;Â [email protected]
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FUL.LPURP.LGattacaBelluscuraAlien Metals