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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Zenova Group PLC, up 12% at 5.86 pence, 12-month range 5.00p-19.00p. Completes insulation project at Liverpool John Moore University. Zenova says project will result in lower fuel bills and lower refurbishment costs. ‘This has been an amazing project working with Liverpool John Moores University and has demonstrated in detail the true benefits that Zenova IP can offer,’ says Chief Executive Officer Tony Crawley. ‘This validates the unique effectiveness of our insulating paint, within a growing sector that is highly topical with a clear need for such products.’
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AIM - LOSERS
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Unbound Group PLC, down 54% at 3.37p, 12-month range 2.26p-36.35p. The company plummets after Marwyn Investment Management withdrew its offer of a £10 million equity investment in the footwear retailer. Marwyn cited concerns over Unbound’s current trading. Separately, Unbound said the trading environment has remained challenging over the first quarter of the year. ‘The board is continuing to work with the group’s advisers and banking partners with a view to raising additional funding or refinancing its existing borrowing facilities in order to provide the appropriate balance sheet structure and level of working capital headroom,’ the company adds.
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Live Co Group PLC, down 19% at 1.78p, 12-month range 1.42p-10.22p. Reaches an agreement to sell its ‘underperforming’ tours Mythical Beasts and Outer Space. Says that the tours have not been as popular in recent times. They have been sold for £350,000 in staged payments, the first of which has already been received. The future payments will occur between June and October. ‘The company continues to operate a strategy that ensures that all assets have maximum usage through the year as demonstrated with its focus on the US market especially during the European winter months,’ Live Co adds.
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