The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Base Resources Ltd, up 85% at 10.00 pence, 12-month range 5.00p-12.15p. Energy Fuels, a US-based uranium and critical minerals producer, says it has agreed to takeover Base Resources. Base Resources shareholders will receive 0.0260 Energy Fuels common shares plus an special dividend of A$0.065 for each Base Resources share held. The offer values Base Resources at A$375 million. ‘The combined group will have the financial and technical capability to not only build Toliara into one of the best critical mineral projects in the world, but also to develop an integrated value chain for the rare earth elements that are essential to the global energy transition,’ says Base Resources Managing Director Tim Carstens.
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Made Tech Group PLC, up 35% at 12.50p, 12-month range 8.00p-28.50p. The provider of digital, data and technology services wins new contract with Department for Levelling Up, Housing & Communities. It says the contract is worth up to £19.5 million in revenue over a 24 month period. ‘Having supported DLUHC to deliver more than 35 digital projects since 2019 we are excited for the opportunity to continue building our partnership. The award of this contract helps underpin our revenue expectations for FY25 and is a testament to the confidence in Made Tech to deliver major new programmes of work,’ comments Chief Executive Rory MacDonald.
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AIM - LOSERS
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Aferian PLC, down 32% at 8.50p, 12-month range 8.50p-42.00p. In December, Aferian said it expected to report revenue for the full year ended November 30 of around $47 million to $48 million the year before. In financial 2022, revenue was $91.1 million. It also forecasts adjusted earnings before interest, tax, depreciation and amortisation of around $1.6 million to $2.6 million. A year ago, it reported adjusted Ebitda of $14.6 million. It now expects to report revenue and adjusted Ebitda at the lower end of these ranges. Looking ahead, Aferian said: ‘The 24i video streaming business is making good progress with key new customer deployments and multiple contract extensions being delivered in the first quarter. However, there has been a further deterioration in the trading of the Amino business due to lower than expected orders for video streaming devices as customers have delayed purchasing decisions longer than anticipated.’
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