The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Premier Miton Group PLC, up 11% at 124.88 pence, 12-month range 109.00p-207.00p. For the six months that ended March 31, the London-based asset manager says revenue rose 10% to £48.5 million from £43.9 million year-on-year. Pretax profit jumps 60% to £9.9 million from £6.2 million. However, assets under management at the end of March stand at £12.85 billion, down 7.8% from £13.93 billion at October 1.
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Big Technologies PLC, up 7.0% at 283.00 pence, 12-month range 188.21p-385.00p. The remote people monitoring technology firm says revenue in the four months to the end of April rises 18% annually to £13.9 million. ‘These positive trends lead the board to remain confident in the group’s ability to deliver results at least in line with current market expectations,’ the company says.
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AIM - LOSERS
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Poolbeg Pharma PLC, down 13% at 6.88p, 12-month range 4.13p-13.30p. The stock returns some gains on Friday, having jumped 32% on Thursday. The London-based pharmaceutical company on Thursday said it won patent grants from the US Patent & Trademark Office for its POLB 001 and POLB 002 molecules. The former is used to treat influenza, while the latter is an RNA-based immunotherapy for respiratory virus infections.
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Advance Energy PLC, down 19% at 0.15p, 12-month range 0.0017p-0.18p. The company says a production sharing contract will lapse, turning the energy firm into a cash shell, under AIM rules. Carnarvon Petroleum Timor has opts against entering the next period of the TL-SO-T 19-14 production sharing contract, which Advance calls the Buffalo licence. It is located in southeast Asian nation East Timor. It now has six months to make an acquisition that constitutes as a reverse takeover. Or it can become an investing company, which requires the raising of at least £6 million.
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