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Pin to quick picksCapital Metals Share News (CMET)

Share Price Information for Capital Metals (CMET)

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Share Price: 1.65
Bid: 1.60
Ask: 1.70
Change: -0.02 (-1.21%)
Spread: 0.10 (6.25%)
Open: 1.65
High: 1.735
Low: 1.63
Prev. Close: 1.65
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AIM WINNERS & LOSERS: Capital Metals drops as licenses stay suspended

Wed, 26th Apr 2023 10:13

(Alliance News) - 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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Image Scan Holdings PLC, up 13% at 70.45 pence, 12-month range 313.00p-524.09p. The x-ray imaging specialist reports strong momentum and an improved performance in the six months that ended March 31. Image Scan swings to a pretax profit of GBP16,000 from a loss of GBP345,000 in the previous year. Revenue jumps 85% year-on-year to GBP1.5 million from GBP790,000, while order intake rises 81% to GBP1.9 million from GBP1.0 million. Company finishes its first half with an order book at GBP1.1 million, compared to an order book of GBP721,000 at the same time a year prior. Chief Executive Vince Deery says: "The half year performance demonstrates a substantial improvement over the same period last year with the higher levels of activity reported at the commencement of the financial period successfully converted into contracts and delivery of product to customers." Expects the improvement in business shown in the first half can continue into the second half of the financial year.

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Warpaint London PLC, up 8.2% at 212.00 pence, 12-month range 104.24p-218.00p. The cosmetics supplier and owner of the W7 and Technic makeup brands reports that sales in 2022 hit a record level. Revenue in 2022 climbs 28% to GBP64.1 million from GBP50.0 million in 2021. Pretax profit more than doubles to GBP7.7 million from GBP3.7 million. Gross profit margin improves to 36.4% from 33.8%, despite continued supply-side price inflation. Warpaint recommends a final dividend of 4.5 pence per share, up from 3.5p the previous year. This take the company's total payout to 7.1p in 2022, up from 6.0p in 2021. Chair Clive Garston says: "Trading has continued to be strong in the first quarter of 2023, with the group enjoying record first quarter sales. I am optimistic that the strong performance we have seen in 2022 and into 2023 will continue and that we have the right offering and strategy in place to continue to deliver profitable future growth, despite the backdrop of macroeconomic uncertainty."

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AIM - LOSERS

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Capital Metals PLC, down 20% at 3.00 pence, 12-month range 2.06p-8.25p. The Sri Lanka-focused minerals sands miner provides an update regarding the temporary suspension of its industrial mining licences by the Geological Survey & Mines Bureau in Sri Lanka. Licenses were suspended due to perceived issues with the ownership structure of the company's subsidiary Damsila Exports Pvt Ltd. Explains that, despite being provided with evidence that 60% of Damsila was divested to a Sri Lankan nation, GSMB has neither lifted the suspension of the licenses nor provided an indication of when or on what basis it will do so. Says that no explanation has been given for the "continued unjust suspension". Consequently, company has formally written to the GSMB and "various high-level officials" in Sri Lanka reminding the agency of the "consequences of its actions". Company hopes to resolve the matter in a "timely and amicable manner" but says it is ready to pursue "all actions to protect the interests of its shareholders."

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Learning Technologies Group PLC, down 16% at 110.23 pence, 12-month range 96.33p-165.80p. The digital learnings and talent management company reports steep rises in profit and revenue in 2022 and enters a new year in which GP Strategies will be its market-facing brand. Pretax profit multiplies to GBP40.5 million in 2022 from GBP9.3 million in 2021. Revenue more than doubles to GBP596.9 million from GBP258.2 million, ahead of expectations. Proposes a final dividend of 1.15p, leading to a full-year dividend of 1.6p, representing an increase of 60% against the prior year. Chief Executive Jonathan Satchell says: "Our progress reflects the successful integration of GP Strategies, which has broadened and strengthened our offering to help us pursue the USD100 billion addressable market for digital learning and talent management."

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Capital Metals raises £0.63m to expedite Eastern Minerals Project

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Capital Metals raises GBP1.3 million from placing and subscription

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