30th Jul 2024 10:50
(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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Journeo PLC, up 13% at 257.50 pence, 12-month range 178.28p-298.44p. The transport system services provider expects to register an increase in half-year earnings and predicts annual revenue to top market expectations. For the first half ended June 30, a revenue rise of 17% to GBP25.6 million is expected from GBP21.8 million a year prior. Adjusted pretax profit is tipped to have risen 54% to GBP2.8 million from GBP1.8 million. Looking ahead, Journeo says: "Revenue for the full year is expected to be approximately GBP50 million, marginally ahead of current market expectations, with adjusted profit before tax expected to be GBP400,000 ahead at GBP4.8 million." It will publish half-year results in September.
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AIM - LOSERS
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FIH Group PLC, down 17% at 200.20p, 12-month range 190.00p-290.00p. The firm, operating businesses such as construction, ferries and art storage in Falkland Islands and UK, expects results for the year ended March 31 to be "broadly in line with market expectations". However, FIH warns trading in the Falkland Islands Co for the new year is to be "significantly below expectations". This is due to "delays in tender opportunities into future periods in Falkland Building Services, FIC's housing and construction division". As a result, it expects group trading for the whole of the current year to be "materially below market expectations".
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Jersey Oil & Gas PLC, down 14% at 74.85p, 12-month range 72.00p-268.00p. Notes changes to the UK energy profits levy announced Monday. The levy, currently set at a rate of 35%, is to rise to 38% from the start of November. It will bring the headline rate of tax on upstream oil and gas activities to 78%. "The Greater Buchan Area joint venture will carefully consider the impact of the tax changes to the economics of the development and project sanction. The full implications will, however, only be clear when the level of capital allowance claims available as deductions to the EPL are provided in the October budget," Jersey Oil said. The AIM listing owns a 20% non-operated interest in the Greater Buchan Area. Serica Energy PLC, the owner of a 30% stake, is down 2.6%.
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By Eric Cunha, Alliance News news editor
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