3rd Sep 2024 11:20
(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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Craneware PLC, up 8.9% at 2,254.00 pence, 12-month range 1,340.71p-2,509.20p. The Edinburgh-based provider of software solutions promises another positive year after delivering full-year results ahead of expectations. In the financial year that ended June 30, pretax profit increased 20% to USD15.7 million from USD13.1 million a year prior. Adjusted earnings before interest, tax, deprecation and amortisation rose 6.2% to USD58.3 million from USD54.9 million, ahead of previous guidance of USD58 million. Revenue rose 8.8% to USD189.3 million from USD174.0 million, compared with previous guidance of at least USD188 million. "Momentum has continued post-year end, with good levels of trading and customer confidence, providing the board with confidence in continued growth momentum for [financial 2025], delivering on current expectations and the sustainable return to double-digit growth rates," the company says in a statement."
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Bradda Head Lithium Ltd, up 7.1% at 1.50 pence, 12-month range 1.28p-4.00p. The North American-focused lithium explorer announces results from surface channel samples at the San Domingo pegmatite project in central Arizona. The Dragon target contained 8.8 metres of 0.97% lithium oxide, and 10.4 metres of 0.68% lithium oxide, sampled from two separate prospects on the same pegmatite. Elevated cesium was also consistently present and elevated in the channel and rock chip samples. Executive Chair Ian Stalker says: "These surface channel samples collected at the Dragon targets highlight just a few of the objectives the company is building for the next drilling program and gaining encouragement on the extent of lithium mineralization across the entire property."
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AIM - LOSERS
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First Property Group PLC, down 25% at 12.61p, 12-month range 12.55p-20.00p. The London-based investor and property fund manager's shares fell after it announced an open offer to raise just under GBP3.0 million before expenses, through the issue of 37.0 million shares at 8 pence each. The open offer is underwritten by Alasdair Locke and Ben Habib, both of whom are directors and currently hold 7.9% and 14% of the company's issued shares respectively. The offer is open until September 18. In the year-to-date, First Property's shares are down 27%. It has a market cap of GBP15.3 million.
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By Holly Beveridge, Alliance News senior reporter
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