21st Jan 2025 10:21
(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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Tialis Essential IT PLC, up 33% at 28.52 pence, 12-month range 21.5p-62.5p. The Edinburgh, Scotland-based IT service management company has received confirmation of preferred partner and contract extensions worth approximately GBP17.8 million. Notes that "a sizeable proportion of the customer wins" comprise five-year contracts, including "multi-million-pound contracts for our lifecycle division". Says these mark "an excellent start to FY25". "Whilst market conditions remain highly competitive and economic uncertainty persists; the company has improved future visibility and greater confidence as we look ahead," comments Chief Executive Officer Ian Smith.
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Nostra Terra Oil & Gas Co PLC, up 11% at 0.035p, 12-month range 0.021p-0.15p. The Texas-focused exploration and production company says total oil production "is currently averaging approximately" 120 barrels of oil per day, "up significantly" from 90 bopd during an unspecified previous period. Says production at its main producing asset, the Pine Mills oil field in Wood County, Texas, averaged over 80 bopd in December, "confirming the 60% or 30 bopd increase in production first achieved in November". Increased group production was due to Pine Mills' contribution during the first phase of its planned workover programme, with production resuming at five formerly shut-in wells. The second phase started at the end of December with the first well resuming production on Monday. Adds that three previously shut-in wells restarted "this week" in the northern section with reservoir pressure back up to pre-shut-in levels following the waterflood's resumption in September, although the full benefit "has yet to be seen, and further increases are expected over the next month". Nostra Terra also notes that it "is cashflow positive at corporate and operational levels".
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AIM - LOSERS
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Shoe Zone PLC, down 5.0% at 95p, 12-month range 83p-285p. The Leicester, England-based budget footwear retailer reports final results for the year ended September 28. Pretax profit totals GBP10.1 million, down from GBP16.2 million the year before. Revenue has decreased 2.7% to GBP161.3 million from GBP165.7 million. Says it will not pay a final dividend, having previously declared a 2.5p interim payout. Dividends for the prior year totalled 17.4p per share. Earnings per share decreased to 16.04p from 27.79p. Nonetheless, Chair Charles Smith says the firm "had a good year, essentially split into two halves. The first six months saw strong and consistent trading, followed by disappointing store sales, due to the weakening of consumer confidence and unseasonal weather conditions, particularly during peak summer. That said, the key back to school trading in the second half was positive, and ahead of the previous year, as were Digital sales, which had strong growth for the full period." Digital revenue increased 14% to GBP35.2 million off "strong Amazon sales" and helped by free next-day delivery on all shoezone.com orders.
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By Emma Curzon, Alliance News reporter
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