The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Shearwater Group PLC, up 16% at 54.00 pence, 12-month range 28.11p-55.00p. The cybersecurity advisory and managed security services provider hails a ‘strong’ performance and predicts results ahead of market expectations. For the 15 months to June 30, it expects revenue of £41 million and adjusted earnings before interest, tax, depreciation, and amortisation of £2.2 million. Consensus stands at £39.0 million for revenue and £2.0 million for adjusted Ebitda, Shearwater adds. The firm in January announced it changed its year end from March 31. For the year ended March 31, 2024, it achieved revenue of £22.6 million and an adjusted Ebitda of £900,000.
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Tekmar Group PLC, up 10% at 6.35p, 12-month range 4.00p-10.20p. The technology and services provider for global offshore energy markets wins a deal to supply subsea infrastructure technology for a pipeline project. The deal has been won through a major offshore engineering, procurement, and construction contractor operating in the Middle East. The deal is worth £2.0 million, with the full amount recognised this financial year. ‘This covers the design and manufacture of specialist reinforced concrete support structures for a large-diameter gas pipeline. There is also potential for additional scope supporting the broader requirements of the project. Delivery is scheduled to be completed by September 2025,’ Tekmar adds.
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AIM - LOSERS
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Finseta PLC, down 13% at 27.00p, 12-month range 24.12p-45.00p. The foreign exchange and payments notes some customers are ‘delaying transactions’ amid tricky economic conditions. Finseta expects to report revenue for the first half of 2025 rose 16% to £5.9 million from £5.1 million a year prior. Adjusted earnings before interest, tax, depreciation, and amortisation are expects to have fallen, however, to £300,000 from £800,000. ‘This has been a milestone period for Finseta as we launched our corporate card scheme and significantly expanded our international capabilities with full-service offerings in Dubai and Canada. While the global economic conditions resulted in customers delaying transactions, our strong levels of customer acquisition means we are well-positioned as markets normalise in H2,’ Chief Executive Officer James Hickman says.
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