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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Westminster Group PLC, up 9.2% at 1.42 pence, 12-month range 1.20p-6.07p. Its Westminster Aviation Security Services business wins an aviation security training contract in the UK. The contract is ‘potentially worth several hundred thousand pounds.’ Westminster adds that the contract will ensure a ‘major’ UK airport to deliver ground security officer training to their security staff, enhancing security operations.
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Pelatro PLC, up 9.1% at 24.00 pence, 12-month range 17.90p-45.90p. Wins a contract with a Middle East telco, to provide its mViva Campaign Management and Loyalty Management solutions. The initial value of the license contract is around $1 million, payable over three years. With this win, revenue visibility for 2022 stands at around $8 million, the company adds.
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AIM - LOSERS
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88 Energy Ltd, down 12% at 0.55 pence, 12-month range 0.0040p-0.65p. Sinks to pretax loss of $67.3 million in six months to June 30 versus $445,446 profit a year prior. Revenue falls to $3,921 from $4.3 million but notes a $3.4 million gain from equity accounted investment. Loss stems from steep $67.3 million exploration & evaluation impairment. Separately, plans placing to raise up to A$10 million, about £5.8 million, from placing at about 0.52p each. Also notes the maiden prospective resource estimate at its Icewine East project shows 1.03 billion barrels of oil. Owns 75% net working interest in Icewine East.
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