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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Microlise Group PLC up 17% at 141.75 pence, 12-month range 38.00p-242.50p. Reports breakeven profit in 18 months to end of 2021 after initial public offer in July 2021. In calendar 2021, sinks to pretax loss of £800,000 versus £1.3 million profit in 2020 as costs grow to cover IPO. Revenue in 2021 improves to £60.3 million from £51.6 million, with recurring revenue up 9%. Notes it has started 2022 with a strong order book and significant demand. Chief Executive Nadeem Raza says: ‘Whilst we have been dealing with chip shortages for the past 18 months, the industry opinion is that from Q3 2022, the situation will improve and return to pre-pandemic levels by Q3 2023, which will enable us to meet our customer demand.’
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AIM - LOSERS
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Supreme PLC down 18% at 153.67 pence, 12-month range 153.67p-244.00p. Sinks to 12-month low despite ‘strong’ trading in financial year ended March 31. Expects to report revenue ‘in excess’ of £130 million, versus £122 million in year prior, with adjusted earnings before interest, taxes, depreciation, and amortization to be ‘no less’ than £21 million, rising from £19.3 million. Vaping unit is expected to report 10% revenue growth. Batteries and Lighting units to report growth in revenue of around 2% and 5%. Notes Sports Nutrition & Wellness unit sees revenue more than double, but raw material price inflation, particularly recently in relation to whey powder, will hurt profitability. Expects to deliver another year of profitable growth in financial 2023 - but cautions on commodity price inflation and increases to overhead base relating to wage and transport costs.
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