1st Sep 2026 11:34
(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Tuesday.
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Main Market small-cap winners
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East Star Resources PLC, up 24% at 5.45 pence, agrees farm-in deal for Rulikha copper project
NARF Industries PLC, up 21% at 0.40p
Kosmos Energy Ltd, up 17% at 218.00p
Headlam Group PLC, up 13% at 10.50p, to appoint administrators and suspend trading
British & American Investment Trust PLC, up 11% at 8.50p
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Main Market small-cap losers
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Alternative Liquidity Fund Ltd, down 13% at 1.65 US cents
Mila Resources PLC, down 10% at 1.30p
AltynGold PLC, down 9.2% at 1,157.50p
Sealand Capital Galaxy Ltd, down 8.2% at 0.45p
World Chess PLC, down 7.9% at 0.35p, announces EUR350,000 loan financing and issue of warrants
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AIM winners
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Distil PLC, up 20% at 0.06p
PACSCo Ltd, up 15% at 0.35p
Likewise Group PLC, up 13% at 35.50p
Proservice Building Services Marketplace PLC, up 12% at 2.26p
Chariot Ltd, up 12% at 1.90p, proposes share consolidation
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AIM losers
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Windar Photonics PLC, down 76% at 6.25p, shares resume trading on Tuesday after equity raise announcement
Finseta PLC, down 40% at 6.50p, says taking a more cautious view of the full year
Sancus Lending Group Ltd, down 19% at 1.05p, expects widening interim operating loss
AOTI Inc, down 13% at 117.50p
Forgent PLC, down 11% at 0.01p
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Small-cap and AIM movers in focus:
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East Star Resources PLC, up 24% at 5.45 pence, 12-month range 1.60p-5.70p. Signs a binding agreement with Nova Ltd to establish a joint venture to advance its Rulikha copper project in Kazakhstan towards production at no further cost to East Star. Nova will provide project funding while Orion Development Ltd will act as operator, with East Star retaining at least a 25% interest once commercial production is reached. The company says the deal provides a non-dilutive route to potentially bring a second copper mine into production alongside its existing Verkhuba-Xinhai Mining joint venture. East Star also receives approval to drill the primary Rulikha target area and is seeking contractors for a third or fourth-quarter drilling programme. The project has an exploration target with an upper limit of 23 million tonnes at 2.4% copper equivalent.
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Headlam Group PLC, up 13% at 10.50 pence, 12-month range 4.64p-73.00p. Plans to appoint Interpath Ltd as administrator after exhausting the liquidity available under its existing facility, resulting in breaches of its month-end covenants. Says it has explored refinancing, asset disposals and other strategic alternatives but has been unable to implement a transformation plan in time amid a "challenging" market backdrop, with the scale of current and projected losses leaving administration as the only viable option. The filing protects Headlam and its creditors while stakeholder discussions continue, with administrators expected to be appointed within five business days unless circumstances change. Headlam has requested the suspension of its London listing and trading in its shares from Tuesday morning.
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World Chess PLC, down 7.9% at 0.35 pence, 12-month range 0.20p-2.50p. Applies to internet regulator ICANN for ".chess", a new top-level domain intended for the global chess community, in cooperation with governing body FIDE. If successful, World Chess will operate and manage the domain on behalf of FIDE and expects to generate recurring annual registration revenue, although it cautions there is no certainty the application will succeed. Secures a EUR350,000 one-year loan from an existing shareholder to fund application and marketing costs and provide general working capital, carrying annual interest of 4.0%. The lender also receives warrants to subscribe for around 16.3 million shares at 0.325p each, equivalent to around 1.5% of World Chess's existing share capital.
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Chariot Ltd, up 12% at 1.90 pence, 12-month range 1.10p-2.25p. Signs a framework agreement with Etu Energias and BW Energy to support Etu's acquisition of additional interests in oil-producing Blocks 14 and 14K offshore Angola. In return for operational and technical support, Chariot will gain economic exposure to future cash flows equivalent to around 4,000 barrels of oil per day, with an indicative net present value exceeding USD100 million at a USD60 per barrel oil price. Says the agreement effectively doubles its economic footprint in Angola and increases its exposure to oil production and revenue. Block 14 currently produces around 40,000 barrels per day, while the assets have estimated producing reserves of 93 million barrels. Shell Trading is providing all of the acquisition debt funding required to complete the transaction.
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Finseta PLC, down 40% at 6.50 pence, 12-month range 6.10p-25.00p. Warns that 2026 results will fall below previous expectations amid persistent macroeconomic pressures and the withdrawal of a currency corridor by a banking partner. Now expects full-year revenue of around GBP11 million, with second-half revenue broadly flat on the first half. First-half revenue is expected to fall to around GBP5.4 million from GBP5.9 million a year earlier, while adjusted Ebitda swings to a loss of around GBP1.0 million from a GBP300,000 profit. Active customers increase to 1,389 from 1,101 and gross margin improves to around 66% from 63%, although average revenue per customer declines. Dubai revenue grows 243% year-on-year but contributes less than expected as the Middle East conflict curtails activity. Cash and cash equivalents rise to GBP2.1 million at June 30 from GBP1.5 million at the end of December.
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By Eva Castanedo, Alliance News senior economics reporter
Comments and questions to [email protected]
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Related Shares:
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