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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Morses Club, up 64% at 0.98 pence, 12-month range 0.26p-49.70p. The Nottingham-based doorstep lender says its current facility of £25 million remains in place until March 31 and its funders have now agreed to extend the term-out clause to March 2023. Earlier this month, Morses Club announced it is set to wave goodbye to London’s junior AIM market. At the time it said it believes its ‘most likely’ source of future funds will come from private capital. However, a day later JO Hambro Capital Management sold its entire stake in the company, putting the delisting in doubt. JO Hambro had owned 8.8 million shares and had committed to support the company’s proposed delisting from AIM. This meant shareholder support for the delisting had fallen to just under 45% from 51%. It needs the support of 75% of shareholders.
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XLMedia PLC, up 13% at 17.19 pence, 12-month range 14.50p-41.90p. The Henley-on-Thames-based digital publisher says it expects 2022 results to be in line with expectations. It expects to deliver revenue of around $73.7 million, up from $66.5 million a year ago, and adjusted earnings before interest, tax, depreciation and amortisation in the range of $16.1 million to $16.6 million. Revenue from Sports and Gaming were up 27% to $69.6 million from $54.6 million year-on-year. It expects to report full-year results at the end of March.
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AIM - LOSERS
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TPXimpact Holdings PLC, down 35% at 30.00p, 12-month range 25.20p-240.00p. The London-based IT consulting firm says revenue in its third quarter to December 31 fell by 3.9% to £19.0 million from £19.8 million a year ago. Gross profit dropped by 15% to £5.2 million from £6.1 million. Looking ahead, TPXimpact now expects full-year revenue to be about £80 million. In financial year 2022, TPXimpact reported revenue of £78.7 million. ‘We have faced some challenges in recruiting the right mix of resource and skill sets on a timely basis to support our new business wins, and this has led to pressure on margins. Combined with client-driven challenges in some parts of the business, these factors have led to a reduction in our revenue and margin expectations for the remainder of the financial year,’ Chief Executive Bjorn Conway explains.
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