19th Dec 2025 09:47
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday.
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AIM - WINNERS
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Strix Group PLC, up 16% at 47.20 pence, 12-month range 32.50p-53.30p. It has agreed to sell Billi, its business in Australia, at an enterprise value of GBP110.0 million, more than the entire value of Strix as a whole. The sale is to a new Australian company formed by Crescent Capital Partners, a Sydney-based 'mid-market' private equity manager. Strix notes that GBP110 million equates to 47.8 pence per Strix share, which is above the stock's closing price of 40.84p on Thursday. The supplier of kettle safety controls and other devices for water heating and temperature control, steam management, and water filtration has a market capitalisation of just over GBP109 million.
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Caledonia Mining Corp PLC, up 6.7% at 1,915.00p, 12-month range 731.00p-2,900p. The Zimbabwe-focused gold miner says it has "welcomed" revised provisions announced by the Zimbabwean government on the gold mining sector. A proposal to up a royalty rate to 10% from 5% will now only apply if the bullion price tops USD5,000 an ounce, and not USD2,500. A proposed tax change on capital expenditure treeatment has been withdrawn. That proposal would have seen the current 100% upfront deduction spread over the life of the project. Caledonia notes this would have affected the timing, but not total amount of tax payable. In addition, a proposed change for a withholding tax at 15% on interest payable on offshore loans has been withdrawn. "Whilst this provision would have had little effect on Caledonia's existing operations, it would have had an adverse effect on the Bilboes gold project, which Caledonia currently expects to fund with a large proportion of offshore debt," it adds. So long as the gold price remains below USD5,000, Caledonia says there will be no change to its financial outlook. The gold price is currently just under USD4,327 an ounce. It hit a record high of USD4,381 in October. Though up markedly from USD2,624 at the end of last year, gold remains still some way off USD5,000. Caledonia Mining shares are down around 15% this month. At the start of December, it said it was assessing the impact of proposed changes to the royalty and tax regimes in Zimbabwe.
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AIM - LOSERS
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Revel Collective PLC, down 53% at 0.070p, 12-month range 0.055p-0.50p. The bar operator says "a number of credible parties" are in talks with the firm, but it warns any deal is unlikely to return any value to shareholders. The operator of the Revolution bar brand says it has "engaged with a significant number of potential acquirers of the businesses it operates". "Presently, a number of credible parties are actively engaged in diligence and discussions with the group in relation to the group's business and assets or the shares in certain group companies. At the current time, the transactions being contemplated would not be expected to deliver any return to shareholders. Negotiations are ongoing, with the continuing support of the group's bank, however, there can be no certainty on the timing of any transactions. Furthermore, there can be no guarantee that these negotiations will result in any transactions," Revel adds. Revel says the option of an equity fundraise was considered, though it does not have "the necessary support" for one. Annual results for the year that ended June 28 will not be published by December 28, it adds, so trading of its shares will be suspended before the end of the year.
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By Eric Cunha, Alliance News news editor
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Related Shares:
StrixThe Revel CollectiveCaledonia Min