18th Jul 2024 11:09
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Intelligent Ultrasound Group PLC, up 40% at 10.12 pence, 12-month range 6.50p-14.54p. The Cardiff, Wales-based provider of artificial intelligence ultrasound software agrees to sell its clinical artificial intelligence business, Intelligent Ultrasound Ltd, to GE HealthCare for GBP40.5 million. This deal excludes the NeedleTrainer and NeedleTrainer Plus products, which will remain with Intelligent Ultrasound, along with the Simulation business. Also on Thursday, says first-half revenue fell 18% to GBP5.1 million from GBP6.1 million a year prior. Intelligent Ultrasound expected the fall in UK sales, but not the 23% fall in North America, which it attributes to last-minute purchase order delays. Accordingly, its cash burn reduced to GBP2.0 million from GBP3.8 million the year before.
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Alumasc Group PLC, up 17% at 227.00p, 12-month range 140.00p-228.00p. The Kettering, England-based supplier of building and engineering products updates annual underlying pretax profit expectations for the year ended June 30 to be at least GBP12.6 million, compared to GBP11.2 million a year prior. Follows the "significant outperformance of UK construction markets", with overall organic revenue growth of around 6.5%. Accordingly, says that financial 2024 revenue, operating margins and profit are ahead of financial 2023 across all three divisions, reflecting focus on growth initiatives and disciplined cost management. Adds that the ARP acquisition is performing well, with good progress on integration.
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AIM - LOSERS
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Alba Mineral Resources PLC, down 29% at 0.039p, 12-month range 0.035p-0.14p. The Northern Europe-focused mineral explorer raises GBP300,000 in a placing and subscription via the issue of 857.1 million shares at price of 0.035p each. Additionally, proposes retail offer of shares at 0.035p each to raise GBP100,000. Says the combined proceeds will be used to enhance activities across its portfolio, including blasting at the Clogau-St David's gold mine in Wales. Has market cap of GPB3.0 million.
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By Holly Beveridge, Alliance News senior reporter
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