18th Sep 2025 10:18
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Tekcapital PLC, up 19% at 8.35 pence, 12-month range 5.50p-11.00p. The intellectual property investment group's portfolio firm Guident Corp has proposed a US initial public offering. "The number of shares of common stock to be sold and the price range for the proposed IPO have not yet been determined. Guident Corp intends to commence the sale of its securities in the IPO following completion of the SEC review process, subject to market and other conditions," Tekcapital says. "At this stage there can be no certainty of the total IPO proceeds. Further announcements will be made, as required, in due course." Tekcapital owns 70% of Guident.
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SRT Marine Systems PLC, up 6.0% at 76.75 pence, 12-month range 23.00p-89.75p. The developer maritime awareness systems has been awarded a deal with a "new sovereign customer". SRT will supply a "substantial maritime surveillance system" as part of a contract worth roughly USD200 million. "The award is subject to completion of the project contract and a project financing package: neither of which is guaranteed and is likely to take many months," SRT adds. The customer faces an "array of maritime domain challenges". "From smuggling and illegal border incursions to illegal fishing all of which are a material risk to economic and social development of the country. The SRT-MDA System being acquired will provide extensive maritime intelligence and insight which will enable the relevant marine agencies to adopt an intelligence led operations doctrine and assist in detecting, neutralising and deterring such events," SRT adds. "When active, this new contract will add to the existing active contract book of approximately GBP330 million which we are currently implementing for five sovereigns. We are pleased to take this opportunity to report that all are making steady progress in accordance with our contracted obligations, project plans, customer payment schedules and milestone deliverables.
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AIM - LOSERS
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M&C Saatchi PLC, down 5.6% at 158.15p, 12-month range 154.00p-208.40p. Australian weakness hurt a "solid start to the year", the advertising agency says. Pretax profit in the half-year to June slumps 60% to GBP4.3 million from GBP10.8 million, while net revenue falls 7.7% to GBP103.8 million from GBP112.4 million. An uncertain backdrop has caused "near-term client caution, deferred project spend, particularly in Australia". Looking ahead, it says: "Given the continuing macro headwinds as well as the significant drag of the Australian business and despite the improving H2 pipeline momentum, the group now expects that FY like-for-like revenue will be down around mid-single digits. The group is targeting full year profit to be in line with prior year, underpinned by our ongoing and accelerated global transformation programme, structural changes and flexible management of a largely variable cost base. In total the group will deliver at least GBP12 million of annualised cost savings in FY25, of which at least half will be realised in-year."
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By Eric Cunha, Alliance News news editor
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Related Shares:
TekCapitalSrt Marine Sys.M&C Saatchi