15th Apr 2025 10:16
(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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Deltic Energy PLC, up 25% at 5 pence, 12-month range 3.25p-42p. The natural resources investor provides an update on the Shell-operated Selene gas project in the UK North Sea, in which it has a 25% non-operated interest. Says it now estimates a gross 2C contingent resources of 174 BCF at Selene, a 33% increase on earlier estimates, and that the analysis of core samples from well 48/8b-3Z is now substantially complete with Selene's porosity and permeability characteristics improved over previous assumptions. Adds that the reservoir modelling indicates enhanced production potential from the key B-sand interval. Furthermore, Deltic announces an updated post-tax NPV10 (net present value calculated using a 10% discount rate) of USD83 million net to Deltic at 80p per therm gas price and USD114 million at 100p per therm.
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Oracle Power PLC, up 16% at 0.025p, 12-month range 0.0118p-0.057p. The Australia and Pakistan-focused minerals and power projects developer says Apex Geoscience has completed the maiden geochemical sampling programme to progress exploration at the Blue Rock Valley copper and silver project in Western Australia. Says programme was completed over the multiple gravity targets identified along the main Blue Rock valley copper mineralised trend over about two kilometres around high-grade copper rock chip samples. Chief Executive Officer Naheed Memon comments: "It is great to get on-ground work underway for 2025...Apex took 277 geochemical samples and 3 rock chip samples, with samples on route to ALS Laboratories in Perth and assay results expected to be reported in 3-4 weeks. Geochemical sampling will be used as a multi vector to rank gravity anomalies for priority drilling."
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AIM - LOSERS
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Billington Holdings PLC, down 18% at 375p, 12-month range 375p-592p. The structural steel and construction safety solutions company reports pretax profit of GBP10.8 million for 2024, down 19% from GBP13.4 million in 2023 but "in line with upgraded market expectations". Revenue has fallen 15% to GBP113.1 million from GBP132.5 million. Earnings before interest, tax, depreciation and amortisation fell 20% to GBP12.4 million from GBP15.5 million, and basic earnings per share fell 22% to 66.2p from 84.4p. Dividend payout for the year totals 25.0p, down from 33.0p. Billington notes that the prior year's total included a 13.0p "additional exceptional amount". Company nonetheless says it "delivered a robust performance in 2024 with strong trading across the group, despite a challenging market backdrop". "The group has a strong level of contracts secured for delivery during 2025 and into 2026, combined with a significant pipeline of opportunities," Chief Executive Officer Mark Smith comments. "However, the overall reduction in industry demand is leading to pricing pressure, particularly as competitors look to secure work to contribute to fixed overhead recovery, and the precise timing of certain projects remains uncertain." He adds: "We are optimistic that the market will see some recovery later in 2025, although the timing and nature of any upturn in economic confidence is uncertain. Billington is very well positioned to take advantage of improved market conditions when they arise and our financial stability and strong orderbook provide cautious optimism for the future."
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By Emma Curzon, Alliance News reporter
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Related Shares:
Deltic EnergyOracle PowerBillington