The following stocks are the leading risers and fallers on AIM in London on Wednesday.
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AIM - WINNERS
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Sosandar PLC, up 18% at 28.25 pence, 12-month range 19.00p-37.00p. The online women’s fashion brand expects its annual results to be ahead of market expectations, with a significantly reduced loss and more than doubled revenue. For the year ended March 31, Sosandar expects to report a sharply narrowed loss before interest, tax, depreciation and amortisation from £2.9 million reported the year before, driven by revenue reaching £29.0 million, more than doubled from £12.2 million. Current market expectations had tipped for Sosandar to report a loss of around £900,000, on £27.1 million in revenue for the 2022 financial year.
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FD Technologies PLC, up 8.4% at 2,379.25p, 12-month range 1,276.14p-2,995.00p. The financial markets technology provider expects to meet full-year adjusted earnings and revenue guidance. FD Technologies previously guided for revenue between £255 million to £260 million for the financial year ended February 28, up as much as 9.3% from £237.9 million delivered in financial 2021. Adjusted Ebitda was forecast to be in the region of £31 million to £33 million. This would reflect a 23% to 31% decrease from £40.5 million. The company says that coupled with its new partnership with Microsoft, it has entered financial 2023 in a good position.
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AIM - LOSERS
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Eco Atlantic Oil & Gas Ltd, down 16% at 30.40p, 12-month range 0.17p-31.40p. The oil and gas company places 64.9 million new shares at 30.00p each. Late Tuesday, it said that it was planning to raise up to $25 million via an equity fundraising that would be conducted via an accelerated bookbuild programme. The issue price is a 17% discount to Tuesday’s closing price of 36.10p.
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