10th Feb 2021 11:04
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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SDI Group, up 29% at 155.00 pence, 12-month range 33.15p-159.00p. The Cambridge-based medical technology firm's sales and profit will exceed market expectations for the year ending April 30. SDI expects revenue to rise 39% to GBP34.0 million and adjusted pretax profit is tipped to rise 54% to GBP6.7 million. The company then expects revenue growth of 24% and a profit surge of 30% in financial 2022. It notched its 12-month share price of 159p earlier on Wednesday.
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Directa Plus, up 18% at 129.00 pence, 12-month range 46.25p-130.00p. The graphene nanoplatelets products maker highlights a report which hails the "fire-retardant properties" of its G+ materials. Scientific research finds application of G+ ink on foam surfaces provides "good flame-retardant properties", meaning it can slow or halt the spread of fire.
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Cadence Minerals, up 18% at 19.42 pence, 12-month range 2.80p-21.00p. The mineral resources investment company says Brazil's DEV Mineracao has been permitted to export USD10 million worth of profit from stockpiles at the Amapa iron ore project. The company again notes that once DEV strikes a deal with its creditors, Cadence will become a 20% shareholder in the Amapa project through a joint-venture company which will own nearly all of DEV.
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Synectics, up 15% at 135.00 pence, 12-month range 86.00p-165.00p. The Sheffield, England-based provider of security systems receives a "letter of intent" to enter into a multi-million contract. Synectics says it will provide a "cloud-based surveillance control system" to the customer.
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AIM - LOSERS
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88 Energy, down 14% at 0.48p, 12-month range 0.2000p-1.4333p. The Alaska-focused oil producer plans to raise up to AUD12 million, or GBP6.7 million through a share placing. Shares will be priced at AUD0.008 each, equivalent to 0.45 pence.
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City Pub Group, down 4.1% at 120.85p, 12-month range 42.93p-199.40p. The pub operator was lower after Dutch beer maker Heineken said it plans to cut 8,000 jobs. Heineken also posted a swing to a EUR204 million net loss in 2020, from a EUR2.17 billion profit.
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By Eric Cunha; [email protected]
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Related Shares:
Cadence Mineral88 EnergyDirecta PlusSynecticsCPC.LSDI Group