6th May 2025 11:00
(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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Getech Group PLC, up 12% at 1.85 pence, 12-month range 1.60p-10.80p. The Leeds, England-based geo-energy and green hydrogen location company's pretax loss narrows to GBP1.6 million in 2024 from GBP5.1 million in 2023. Revenue rises 18% to GBP4.7 million from GBP4.0 million, and amortisation charged to cost of sales increases 41% to GBP2.4 million from GBP1.7 million. Administrative expenses are down 21% to GBP3.0 million from GBP3.8 million. Exceptional items charges for the year total GBP139,000 against GBP1.5 million a year prior. The firm's loss before interest, tax, depreciation and amortisation narrows to GBP561,000 from GBP2.7 million. "In 2024, we made solid progress in advancing our services and solutions, achieving a 16% increase in sales," says Chair Michael Covington. "In 2025, the appointment of Chris Jepps as CEO has already had a positive impact. Within the first three months of the year, we've reduced our annual cost base by a further GBP1 million, without compromising our ability to deliver for clients, and in doing so have set a clear path to being Ebitda positive by the end of 2025."
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AIM - LOSERS
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Argentex Group PLC, down 92% at 3.59p, 12-month range 2.18p-49.70p. The London-based currency risk management group agrees a GBP20 million revolving credit facility with IFX (UK) Ltd, trading as IFX Payments, following its agreement at the end of April to a GBP3 million cash takeover offer by IFX Payments. The new facility is in addition to the GBP10.5 million bridge funding provided by IFX Payments, and enables Argentex to draw down funds to meet margin calls from its liquidity providers, in case of further adverse foreign exchange movements. Shares were restored to trading on AIM on Tuesday morning, after their suspension on April 22 due to Argentex needing significant further liquidity support. Argentex also on Tuesday says Chief Financial Officer Guy Rudolph has resigned, and will remain in post until the end of his six-month notice period. Non-executive Directors Henry Beckwith, Lord Digby Jones, Rina Ladva and Jeff Parker also resigned and left the board on Friday. This is further to Chief Executive Officer Jim Rudman's departure at the end of April.
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Facilities by ADF PLC, down 13% at 15.00p, 12-month range 14.15p-58.00p. The provider of serviced production facilities to the UK film and television industry swings to a pretax loss of GBP2.8 million in 2024, from GBP615,000 profit in 2023. Revenue grows 1.1% to GBP35.2 million from GBP34.8 million. The swing is partly driven by a GBP2.4 million impairment of goodwill, which increased from a GBP1.0 million charge the year before. Administrative expenses are also up 11% to GBP11.2 million from GBP10.1 million. Facilities by ADF shares are also hurt by US President Donald Trump's new 100% tariffs on all films made outside the US, announced on Sunday. Trump claims Hollywood is being "devastated" by a trend of US filmmakers and studios working abroad.
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By Emily Parsons, Alliance News reporter
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Related Shares:
Getech GrpArgentex Group.ADF Facilities