The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Abingdon Health PLC, up 41% at 9.50 pence, 12-month range 4.00p-18.50p. The lateral flow test contract manufacturing firm says revenue in the six months to December 31 rises to £2.4 million from £1.1 million a year prior. Its pretax loss narrows to £1.2 million from £2.4 million. It expects ‘material revenue growth’ for the full-year.
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Smartspace Software PLC, up 17% at 87.90 pence, 12-month range 33.25p-90.00p. The developer of smart software solutions agrees to a £28.4 million takeover by Sign In Solutions Inc. Sign In will pay 90p per Smartspace shares. In February, Skedda Holdings Inc pulled out of the running to make a bid. It had a proposed an 82p per share deal in December, though that was trumped by Sign In’s indicative offer of 90p. Smartspace currently has a market capitalisation of £25.4 million.
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AIM - LOSERS
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Restore PLC, down 5.6% at 220.00p, 12-month range 116.51p-325.00p. The London-based provider of data protection and management services reports a swing to loss for 2023. Its pretax loss totals £29.0 million, swinging from profit of £23.3 million. Revenue declines 0.7% to £277.1 million from £279.0 million. ‘While the 2023 results were disappointing given the calibre of Restore’s market positions and recurring income streams, the core strengths of the group remain intact,’ Chief Executive Charles Skinner says. It cuts final dividend by 30% to 3.35p from 4.8p. Its total dividend is 30% lower at 5.2p from 7.4p. It adds: ‘The group has undergone a significant change in management over the last six months. There has been a change in operating style and approach to certain of our markets over that period, and the group is already showing strong signs of improved financial performance.’
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