20th May 2025 10:58
(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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Renold PLC, up 37% at 75.06 pence, 12-month range 35.19p-76.35p. The supplier of industrial chains and related power-transmission products receives two separate all-cash takeover proposals from private equity firms. The proposals were unsolicited and non-binding. One is from a consortium of Buckthorn Partners LLP and One Equity Partners IX LP. The other is from Webster Industries Inc, which is majority owned by a fund managed and controlled by Morgenthaler Private Equity. The consortium's latest proposal is 81p per share, while Webster's is 77p. Each of these followed "several previous proposals", Renold said. The proposals value Renold at around GBP182.6 million and roughly GBP173.6 million, respectively.
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Hardide PLC, up 16% at 7.85p, 12-month range 4.22p-8.00p. The provider of advanced surface coating technology hails a "significant positive turnaround in performance". Revenue in the first half to March 31 increases 32% to GBP2.8 million from GBP2.1 million. Its pretax loss narrows to GBP65,000 from GBP957,000.
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AIM - LOSERS
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Image Scan Holdings PLC, down 21% at 1.30p, 12-month range 1.25p-3.70p. The provider of X-ray screening systems for security and industrial applications reports a "disappointing" first-half. Pretax loss in the six months to March 31 widens to GBP422,000 from GBP120,000. Revenue weakens 67% to GBP350,000 from GBP1.1 million. Image Scan adds: "Following a second successful year of profit growth in 2024, trading for H1 2025, followed the same pattern as H1 FY24, being characterised by slow sales. As previously reported, the overall result for the year is expected to be more significantly second half weighted than last year."
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By Eric Cunha, Alliance News news editor
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Related Shares:
RenoldHardideImage Scan Holdings