The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Made Tech Group PLC, up 12% at 28.45 pence, 12-month range 20.50p - 130.00p. Wins a £10 million contract with the UK Home Office. The contract has a six-month extension option worth a further £2 million. The public sector-focused technology services provider says the contract represents a renewal and expansion of the initial contract won with the Home Office in May 2021, which was worth a total of £6 million.
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DX Group PLC, up 11% at 27.80 pence, 12-month range 17.00p - 31.60p. Reports soaring profit and revenue in the financial year that ended July 2, saying the figures represent a seven-year high for the firm. Pretax profit jumps 64% to £17.4 million from £10.6 million, while revenue climbs to £428.2 million from £382.1 million. The parcel freight, secure courier and logistics provider cites a strong performance at DX Freight and an improvement in DX Express for the revenue growth. Announces its intention to restart dividend payments in the current financial year. DX also announces the departure of Chair Ron Series, prompting 20% shareholder Gatemore to withdraw its requisition for an extraordinary general meeting.
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AIM - LOSERS
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Baron Oil PLC, down 22% at 0.12 pence, 12-month range 0.053p - 0.36p. The oil and gas firm conditionally raises £5 million, before expenses, through a placing and subscription of shares at a price of 0.12pe per share. In addition, proposes a separate conditional retail offer via REX to raise up to £1 million, before expenses, at the same issue price. Explains the funds will be used to ‘maximise the changes of delivering funding partners’ for drilling campaigns at its Chuditch and Dunrobin assets.
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Morses Club PLC, down 17% at 2.00 pence, 12-month range 1.93p - 64.00p. The non-standard credit services provider says its funders confirm they will not provide a peak trading advance against the Morses Club loan book for the period from today until February 14. As a consequence, company is taking steps to constrain lending in its home collected credit and digital divisions. Adds its funders have granted a deferral of testing of two covenants at its £25 million facility. In addition, the term-out clause is extended to January 2023.
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