3rd Mar 2026 10:41
(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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Empyrean Energy PLC, up 23% at 0.08 pence, 12-month range 0.019p-0.1525p. The Australia, Indonesia and US-focused oil and gas company notes that Conrad Asia Energy Ltd and its majority-owned subsidiary, West Natuna Exploration Ltd, have approved the final investment decision for the Mako gas project offshore Indonesia. Conrad is the operator of the Duyung production-sharing contract, in which Empyrean continues to hold a participating interest. Empyrean says the FID approval transitions the Mako gas project into full development and materially advances the company's pathway toward future cash flow generation. First gas is currently planned for the first quarter of 2027, with total capital expenditure to first gas estimated at approximately USD320 million. Empyrean notes that Mako is fully funded at the joint venture level, including contingency allowances, which it says significantly reduces the funding risk as development activities accelerate.
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CyanConnode Holdings PLC, up 8.2% at 8.875 pence, 12-month range 5.875p-14.125p. The narrowband radio frequency mesh network developer "has negotiated and received" an additional non-binding proposal from International Holding Co PJSC subsidiary Esyasoft Holding Ltd for a possible all-cash takeover offer at 10.44p per share in cash. This values CyanConnode at GBP37.5 million. CyanConnode says it has confirmed to Esyasoft that the revised proposal is at a level that the board would be willing to recommend unanimously to shareholders. Says it "has been particularly mindful of CyanConnode's robust and longstanding strategic relationship with Esyasoft and its affiliated group companies" and that it "believes that combining the businesses would lead to significant commercial and strategic synergies, particularly in relation to scale, capital support and international expansion opportunities, across both India and other countries."
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AIM - LOSERS
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Synectics PLC, down 16% at 187.5p, 12-month range 187.5p-347.5p. The surveillance and surveillance solutions firm reports pretax profit of GBP5.4 million for the financial year that ended November 30, up 29% from GBP4.2 million in financial 2024, on revenue of GBP68.1 million, up 22% from GBP55.8 million. Synectics declares a final dividend of 2.8p per share, up from 2.5p, raising the total dividend by 11% to 5.0p from 4.5p. Looking ahead, Synectics expects revenue for the current year to be around 10% lower than financial 2025's, "with growth offset by the absence of the significant one-off contract delivered in FY25", it explains. It also expects mid-single-digit Ebitda margins. Synectics anticipates double-digit revenue growth in financial 2027, followed by "further acceleration" for revenue and Ebitda margin growth in the subsequent year, "as the strategic initiatives implemented in FY25 and FY26 create a robust platform for accelerating returns and sustainable growth".
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By Emma Curzon, Alliance News reporter
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