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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Pebble Group PLC, up 17% at 105.60 pence, 12-month range 85.00p-169.87p. The technology and services promotional products supplier delivers strong performance in 2021, expecting further significant growth opportunities ahead. For 2021, Pebble posts pretax profit £9.3 million, up from £5.0 million in 2020 on revenue of £115.1 million, up from £82.4 million. Says 2022 has started well and in line with expectations and looks forward to the year ahead and beyond with confidence.
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AIM - LOSERS
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Knights Group Holdings PLC, down 48% at 191.44p, 12-month range 188.00p-472.00p. The legal and professional services provider warns Omicron variant and recent macro conditions have slowed growth to a greater extent than anticipated. For year ending April 30, expects adjusted pretax profit - which strips out exceptional and other one-off items - to be £18 million. Revenue is forecast to be around £126 million. ‘We have also seen a softening in business confidence, possibly due to concerns around the strength of the economy, such that there has been a slowdown in corporate work,’ company says.
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Diurnal Group PLC, down 41% at 19.63p, 12-month range 17.20p-97.97p. The pharmaceutical company warns further financing will be required if it is to reach sustainable profitability. For six months to December 31, pretax loss widens to £9.2 million from loss of £5.2 million year before on revenue of £2.1 million from £1.2 million. Says further financing will be required prior to reaching sustainable profitability. ‘This requirement for additional financing represents a material uncertainty that may cast significant doubt upon the group’s and parent company’s ability to continue as a going concern,’ it says.
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