24th Jun 2025 10:00
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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Distil PLC, up 11% at 0.25 pence, 12-month range 0.040p-0.55p. The owner alcoholic drinks brands reports the Ardgowan Distillery opened to the public on Friday. The Scotch whisky distillery was formally opened by Scottish Deputy First Minister Kate Forbes. Distil had invested GBP3 million into the Ardgowan Distillery project in 2021 in the form of a convertible loan. Distil announces on Tuesday a variation to the terms of the convertible loan note agreement. The fixed rate coupon increases to 6.5% from 5.0%, upping the interest receivable by Distil by GBP45,000 per year. The percentage equity share in Ardgowan on conversion increases to 10.5% from 9.1%. The alteration is to compensate Distil for a "subordination of the CLN". Ardgowan is in the process of raising debt finance of GBP5 million through a secured revolving credit facility with Clydesdale Bank, part of Virgin Money UK. "The Virgin Money RCF will rank ahead of Distil's convertible loan note," Distil explains.
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Gear4music Holdings PLC, up 12% at 207.40p, 12-month range 97.80p-216.00p. It reports an "encouraging" set of results, with profit more than doubling. The online retailer of musical instruments and equipment reports pretax profit for the financial year that ended March 31 of GBP1.6 million, more than doubling from GBP584,000 a year earlier. Revenue advances 1.6% to GBP146.7 million from GBP144.4 million.
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AIM - LOSERS
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Autins Group PLC, down 11% at 6.25p, 12-month range 5.90p-13.70p. The provider of acoustic and thermal solutions, service the automotive sector, says it is facing "a level of short-term revenue uncertainty" due to US trade tariffs. It is, however, "encouraged by the UK/US deal" and hopeful of "something similar to follow for the EU". In the 18 months to March 31, revenue amounts to GBP31.1 million, compared to GBP22.7 million in the 12 months the ended September 30, 2023. Pretax loss over the 18 months stretches to GBP1.7 million from GBP1.0 million in the 12 months to the end of September 2023. Autins had changed its year end date from September 30. "Due to our recent new business wins, coupled with our cost and efficiency improvements, we expect to deliver a net profit in FY26 which would be our first since 2017, and improved profitability thereafter," Autins adds.
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By Eric Cunha, Alliance News news editor
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Related Shares:
DistilGear4musicAutins Group