The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Pelatro PLC, up 14% at 8.84 pence, 12-month range 4.2p-28p. At its annual general meeting, the marketing software specialist says it has a strong pipeline of around $23 million, with around $5 million being non-telco prospects, which is the ‘highest ever level’. Says it is confident these prospects will ‘produce results’ over the coming months and years. Notes recent contract wins are building its revenue base, and it now has annual recurring revenue of over $7 million and 28 customers.
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AIM - LOSERS
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Audioboom Group PLC, down 26% at 208.2p, 12-month range 201.7p-1,155p. The podcast provider says it expects to report lower yearly revenue and profit than expected as advertising markets prove ‘challenging’. This is because advertising markets have remained challenging ‘for longer than anticipated’, meaning that it expects to report lower revenue and adjusted earnings before interest, tax, depreciation, and amortisation than previously forecast. However, the firm adds that it expects that markets will improve, and is ‘in prime position to take advantage when they do’.
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Hotel Chocolat Group PLC, down 11% at 123.10p, 12-month range 110.00p-300.00p. The high-street chocolatier warns it expects to swing to an underlying marginal pretax loss in its financial year ending July 2, defying market expectations of £300,000 in underlying pretax profit. This is due to recent cost-cutting measures ‘materialising later in the year than initially anticipated’. In financial 2024, it expects sales and underlying profit before tax to be lower than market expectations, due to weak consumer sentiment and continuing inflationary pressures.
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SRT Marine Systems PLC, down 11% at 51.5p, 12-month change 23.6p-69p. The provider of maritime domain awareness systems and technologies for surveillance, security, safety and environmental protection proposes a fundraise of £4.0 million in a placing and retail offer of 7.9 million shares at 50p each. The issue price is a 14% discount to Thursday’s closing price of 58.00p. ‘The company intends to use the net proceeds of the fundraising to facilitate accelerated growth through provision of working capital for the company’s systems and transceivers divisions,’ it says.
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