The following stocks are the leading risers and fallers on AIM in London on Thursday.
----------
AIM - WINNERS
----------
Parsley Box Group PLC, up 21% at 21.80 pence, 12-month range 18.00p-202.50p. Reveals plans for a £7.0 million equity raise, a day after its shares plunged by a quarter. The Edinburgh-based meal delivery firm had made no announcement on Wednesday to trigger the sharp fall in its share price. However, before the market open on Thursday, the company announced plans for a £5.9 million share placing and an open offer to raise up to £1.1 million. The issue price will be 20 pence. Parsley Box listed in March last year at 200.00p per share, but shares have wilted since, amid lower order numbers and restricted stock availability. Shares closed at 18.00p on Wednesday. Back in December, Parsley had warned it planned to raise further funding in the first quarter of this year. On Thursday, it said it will use the fresh cash to target new customer acquisition and ‘develop an online customer journey tailored to our demographic’.
----------
boohoo Group PLC, up 16% at 91.14 pence, 12-month range 69.82p-359.00p. Warns that high return rates will continue to hit sales, though it expects annual profit to be in line with market forecasts. The online retailer said its fourth quarter net sales grew 7% annually, or 48% on a two-year basis. It meant that for the year, net sales climbed 14% yearly and by 61% on pre-virus times. ‘As expected, net sales growth in the quarter was impacted by higher returns rates year-on-year due to product mix. This is expected to continue in the first half of FY23,’ boohoo added. For the year ended February 28, boohoo expects to report group adjusted earnings before interest, tax, depreciation and amortisation of £125 million. It is an outcome that would be in line with guidance and market expectations, though down 28% from £173.6 million a year earlier.
----------
AIM - LOSERS
----------
Dekel Agri-Vision PLC, down 9.9% at 5.69 pence, 12-month range 4.35p-6.30p. Says crude palm oil ’high season’, normally in February’ has ‘yet to commence’. As a result, CPO production drops 41% in February versus a year prior. Fresh fruit bunches processed falls to 13,683 tonnes from 23,648 tonnes. CPO sales slump 23% to 3,600 tonnes from 4,754 tonnes. More positively, average palm kernel oil price per tonnes increases to €1,447 from €778. ‘Local experts who carry out fruit bunch counts and fruit ripening assessments currently estimate the high season to commence in April. In terms of agronomic conditions, there has been no material differences in rainfall and sunlight hours noted over the past 12 months to pin point any specific reasons for the seasonal variations which also included materially higher FFB volumes than normal in the second half of 2021,’ company says.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
