6th Feb 2025 10:39
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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GlobalData PLC, up 9.4% at 202.87 pence, 12-month range 168.06p-245.00p. The analytics and consultancy firm announces a share buyback and says it plans to exit AIM, eyeing a move to the Main Market. GlobalData says it will return GBP50 million to shareholders through a share buyback programme. Investec Bank PLC will conduct the programme, which kicks off on Thursday. "The purpose of the share buyback programme is to return surplus capital to shareholders and reduce the group's share capital pursuant to its capital allocation policy," GlobalData says. In addition, it announces it plans to apply for a listing on the Main Market's equity shares (commercial company) listing segment. "The board believes that admission will further enhance the company's corporate profile and recognition, as well as extending the opportunity to own the company's ordinary shares to a broader group of UK and global institutional shareholders. An update on the timing and process to seek admission will be provided in due course," GlobalData adds.
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Spectra Systems Corp, up 1.9% at 210.00 pence, 12-month range 205.00p-278.45p. The provider of technology for secure transactions, including banknote authentication, wins a new deal. It has struck a five-year pact with Cartor Security Printers to produce definitive postage stamps for a European Union postal stamp supplier. "The contract was awarded based on various factors such as quality, environmental impact, price, and Cartor's pioneering work in implementing hybrid stamp solutions with 2-D barcode serialization to significantly reduce losses resulting from counterfeiting and the reuse of stamps," Spectra adds. The deal is expected to be worth between USD3.0 million and USD4.0 million in total.
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AIM - LOSERS
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RA International Group PLC, down 12% at 5.75p, 12-month range 5.75p-10.50p. The provider of services to remote locations in Africa and the Middle East believes an AIM delisting is "in the best interests of the company". It needs shareholder approval at a general meeting on February 28. Backing of 75% of investors is required. The "regulatory burden and the resulting demands on management time" are not proportionate with the value the listing offers, RA believes. The firm says trading remained challenging in 2024. Contract mobilisation delays hurt its second half. It expects a marginal revenue rise for 2024 but a loss at an operating and earnings before interest, tax, depreciation and amortisation level, "primarily as a result of delayed contract commencements and mobilisation issues, which have already adversely impacted our invoicing schedule."
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By Eric Cunha, Alliance News news editor
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