7th Aug 2024 10:42
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Samuel Heath & Sons PLC, up 12% at 324.25 pence, 12-month range 250.00p-430.00p. The shower and bathroom accessory manufacturer reports that revenue rose to GBP15.2 million in the financial year ended March 31, down from GBP14.7 million a year earlier. Pretax profit falls to GBP884,000 from GBP1.1 million. Explains that profit fell as cost of sales, selling & distribution costs, and administrative expenses rise. "Although we have seen a good start to the new financial year, we are mindful of our customers' concerns and are budgeting cautiously, while allowing sufficient flexibility should trade remain consistently positive," says Non-Executive Chair Anthony Buttanshaw. "Recruitment has been less difficult than in 2023 and we are pleased to welcome a number of highly skilled new colleagues to the company."
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AIM - LOSERS
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Botswana Diamonds PLC, down 21% at 0.32p, 12-month range 0.25p-0.90p. The African-focused explorer and project developer raises GBP250,000 through a placing of 78.1 million shares priced at 0.32p each. Botswana says the funds raised will be used to fund exploration activities during the current year in Botswana and South Africa, which remain ongoing, and to provide additional working capital.
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By Sophie Rose, Alliance News senior reporter
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