The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Great Western Mining Corp, up 26% at 0.1537 pence, 12-month range 0.1p-0.31p. Announces start of its 2022 drilling campaign. Has contracted a reverse circulation rig for a drill programme of around 3,350 metres, which has now commenced at the Southern Alteration Zone in the Rock House group of prospects. ‘We have a busy drilling season now under way on several of our prospects and will keep shareholders informed as we make progress,’ says Chair Brian Hall.
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Knights Group Holdings PLC, up 24% at 117.00p, 12-month range 91.2p-455p. The legal and professional services firm expects revenue for financial year ended April 30 of around £125.5 million, up 22% on £103.2 million the year before. Underlying pretax profit seen at ‘minimum’ of £18.1 million, down from £18.4 million the year before. Also on Thursday says it has agreed to buy Coffin Mew LLP, an independent law firm in the south east of England, for £11.5 million.
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AIM - LOSERS
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Portmeirion Group PLC, down 7.6% at 439p, 12-month range 431p-720p. The pottery company says sales in first four months of 2022 up 2% on a year ago and margins improve, but notes ‘significant change’ to consumer sentiment and spending since last year. ‘So far we have successfully mitigated these challenges by forward-ordering stock and having long term energy contracts in place until March 2024. However, with a traditional heavy second half sales weighting, we remain cautious and watchful as to how macro conditions develop as the year progresses,’ firm says.
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