18th Jun 2025 10:10
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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CPPGroup PLC, up 32% at 108 pence, 12-month range 75p-166.5p. The Leeds, England-based technology-driven assistance and insurance provider says it has completed the disposal of Istanbul-based business CPP Sigorta Aracilik Hizmetleri Anonim Sirketi, to Bielefeld, Germany-based company Mehrwerk GmbH, for approximately GBP4.6 million in total consideration. Also announces that it is revising its strategy to dispose of its remaining legacy assets, and to focus solely on its Blink "InsurTech" platform. Says Blink has entered a three-year licence agreement, worth GBP1.5 million, which grants distribution rights for its cyber security product across pre-agreed markets. Moreover, it is in advanced discussions for the potential sale of CPP Assistance Services Private Ltd and has signed a non-binding letter of intent with the "preferred bidder". Says its share price "remains materially below its intrinsic value and, in particular, does not reflect Blink's long-term commercial potential". It requires extra capital to "scale Blink meaningfully", hence the Turkey and India proposals.
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Tiger Royalties & Investments PLC, up 33% at 0.22p, 12-month range 0.07p-0.225p. The technology and mining project-focused investment vehicle says that in one month of operation, since the purchase of its Tiger Alpha Bittensor Subnet on May 15, the Subnet currently producing over six 'TAO' cryptocurrency tokens per day in subnet revenue. This represents over USD2,300 per day and a monthly run rate of "almost" USD70,000. TAO is the Bittensor network's native cryptocurrency. Tiger Royalties announces a partnership with Tao Alpha PLC, which "is using its extensive development skills to manage and accelerate the revenue potential of the Tiger subnet". Says Tao Alpha will provide the subset infrastructure in exchange for 20% of the revenue. "Controlling the Tiger Subnet lets us capture scalable protocol fees, earn TAO rewards and steer compute power toward high-value AI services," says Chief Executive Officer Jonathan Bixby. "I look forward to updating the market as the Tiger Subnet grows over time."
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AIM - LOSERS
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Electric Guitar PLC, down 22% at 0.07p, 12-month range 0.0375p-1p. The London-based company, which was involved in digital marketing and advertising but is now AIM cash shell, says it has raised GBP775,000 before expenses. This was through a placing of 968.8 million shares, with existing and new investors, at 0.08p each. Electric Guitar expects net proceeds to total approximately GBP730,000. Says it will use the proceeds to fund the anticipated costs of an acquisition, which would constitute a reverse takeover under AIM rules, and for general working capital. Says that since the end of April has been in active discussions with potential acquisition targets, but has not yet agreed terms. Expects its shares to be suspended from trading on June 25, "as an RTO will not have completed by then".
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By Emma Curzon, Alliance News reporter
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