The following stocks are the leading risers and fallers on AIM in London on Wednesday.
----------
AIM - WINNERS
----------
Alpha FX Group PLC, up 12% at 1,747.00 pence, 12-month range 1,265p-2,340p. Revenue for 2021 rises 68% to £77.5 million and pretax profit nearly doubles to £33.2 million from £17.1 million in 2020. Will pay total dividend for 2021 of 11.0p, up 38% from 8.0p the year before. ‘Looking forward, we see major opportunities across all our businesses. We continue to take share in UK FX Risk Management and are well on the way to replicating that UK success in overseas markets,’ the foreign exchange risk management and international payments firm says.
----------
Restore PLC, up 8.2% at 460p, 12-month range 340p-530p. Revenue in 2021 rises 28% to £234.3 million and pretax profit soars to £23.0 million from £4.0 million. The document management and IT recycling business firm says good performance across all business units contributed to growth, with strong underlying organic growth and eight successful acquisitions driving increased scale and capability. Adds that strong activity and momentum have continued into new financial year.
----------
Fevertree Drinks PLC, up 1.5% at 1,651p, 12-month range 1,456.09p-2,871p. Stock rebounds after opening down almost 3%. The premium tonic water maker will pay a special dividend after a strong 2021, though cautions on inflationary pressures. Revenue for 2021 up 23% to £311.1 million from £252.1 million in 2020, with pretax profit increasing 7.8% to £55.6 million from £51.6 million. Fevertree’s total dividend for 2021 is 15.99 pence, up 2% on the 15.68p paid out for 2020. On top of this, it is recommending a special payout of 42.90p.
----------
AIM - LOSERS
----------
Uru Metals Ltd, down 15% at 296p, 12-month range 120p-589p. Gives back some recent gains after 60% jump on Monday and 9.4% rise on Tuesday. The Toronto-based investor and mine project developer on Tuesday said Zeb Nickel has completed the most recent phase of exploration drilling at the Zebediela nickel project in South Africa. Uru Metals holds a 75% interest in Zeb Nickel and is the technical operator of the Zebediela project.
----------
ITM Power PLC, down 3.2% at 346.6p, 12-month range 208.24p-543p. The energy storage and clean fuel company gives update on the 24 MW Leuna contract, saying it has experienced constraint in the local supply chain involving tooling for the scale up of stack manufacture and as a consequence, now expects the majority, but not all 12, of the modules to complete factory acceptance testing in April. ‘A longer-term solution for this supply chain constraint has already been defined and implemented, the benefit of which will be felt in the new financial year,’ it says.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
