The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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PCI-PAL PLC, up 9.9% at 54.40 pence, 12-month range 38.25p-68.70p. The secure payment solutions reports an increase in annual revenue, and a narrowed loss. In the year to June 30, its pretax loss slims to £1.7 million from £4.9 million. Revenue climbs 20% to £18.0 million from £15.0 million. It hails a ‘strong start’ to the new year, with new business sales for the first-quarter increasing from 12 months earlier.
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AIM - LOSERS
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Empresaria Group PLC, down 22% at 27.00p, 12-month range 26.00p-42.00p. The staffing company cuts its annual outlook and predicts fourth-quarter results to be ‘worse than previously forecast’. Market conditions in Germany have remained ‘particularly challenging’ during what is usually the peak trading period there. It also notes a ‘continued deterioration of markets in APAC’. ‘We expect these adverse trading conditions to continue through the first half of 2025,’ it cautions. As a result, it expects adjusted pretax profit for 2024 of £2.0 million, its outlook cut from its prior forecast. It had previously predicted an outcome in line with consensus at the time of £4.3 million.
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Revel Collective PLC, down 15% at 0.74p, 12-month range 0.63p-6.19p. The operator of pubs and bars reports a wider loss, a decline in revenue and it warns tough market conditions are to continue in the near term. The firm, previously known as Revolution Bars, says revenue in the year to June 29 falls 2.0% to £149.5 million from £152.6 million. Its pretax loss widens to £36.7 million from £22.2 million. ‘Despite a particularly wet spring and summer, we are pleased to see Peach Pubs trade remain strong. Bars remain challenged, especially for younger Revolution guests,’ Revel says. ‘The performance across the brands remains broadly consistent with Peach performing better than the bar brands, though we are starting to see some positive signs of improvement in the Revolution brand as the distraction of the last six months is put behind us, and the benefit of some of the trials is starting to be seen. Whilst we anticipate some economic improvement from which we will benefit, the markets in which we operate are expected to remain difficult in the near term.’
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Impax Asset Management Group PLC, down 2.6% at 395.50p, 12-month range 347.00p-575.00p. Shares fall as it receives a notice from St James’s Place Unit Trust Group Ltd that an asset management mandate for Impax has been terminated. Impax had been tasked with managing a portion of St James’s Place Global Quality Unit Trust, a multi-manager fund. The termination takes effect early next month. ‘The mandate is the smaller of the two mandates that Impax has with SJP and, with £774 million of assets under management, represents around 13% of the total AUM that Impax manages on behalf of SJP. The impact on Impax’s annualized revenue is expected to be very modest,’ Impax adds. It continues to manage the ‘much larger’ Sustainable & Responsible Equity Fund portfolio on behalf of SJP. Impax touts: ‘St James’s Place concluded that the Sustainable & Responsible Equity Fund ’delivered value overall’ to clients in its recently published annual value assessment statement.’
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