Source - Alliance News

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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One Media IP Group PLC, up 9.0% at 6.00 pence, 12-month range 4.5p-7.48p. The digital music rights acquirer, publisher and distributor acquires the licensor’s income share only of the ’Entertain Me’ catalogue of rights on an in-perpetuity basis. Says transaction is a ‘material’ acquisition completed at an ‘advantage earnings multiple’, and is immediately income accretive. It will enhance both revenue and portfolio net asset value it says. The catalogue includes 15,00 tracks from a ‘wide range of high profile and enduring artists’ including Dean Martin, The Drifters, Don Williams, Gloria Gaynor, James Brown, and Judy Garland. It is funded from existing cash reserves.

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AIM - LOSERS

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Blackbird PLC, down 16% at 8.00p, 12-month range 5.5p-20.4p. The cloud video editing platform posts interim results, revealing a 36% drop in revenue to £985,115 from £1.5 million a year before. Attributes this to two non-recurring items from the prior year. Loss before tax widens to £1.6 million from £603,691. ‘There is continued momentum behind our strategic progression to scale the business,’ the firm says, also citing its £8.1 million pile of cash and short-term investments, and lack of debt as of the end of June.

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GetBusy PLC, down 13% at 68.8p, 12-month range 50p-79.81p. The document management and productivity software provider falls despite positive interim progress. Revenue falls 16% to £10.5 million in the six months that ended June 30 from £9.1 million a year earlier. Pretax loss narrows to £603 million from £724 million. Looking ahead, GetBusy said it continues to trade in line with market expectations, which are for revenue of £21.1 million in 2023, up 9.4% from £19.3 million in 2022, and adjusted earnings before interest, tax, depreciation, and amortization of £700,000, up 1.2% from £692,000 in 2022.

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Getbusy PLC (GETB)

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