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AIM WINNERS & LOSERS: Riverfort lifts payout; Trackwise warns on sales

Fri, 24th Jun 2022 11:24

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Premier African Minerals Ltd, up 5.5% at 0.35 pence, 12-month range 0.15p-0.53p. The minerals and metals project developer says it has signed terms for a large pilot lithium plant in Zimbabwe. The British Virgin Islands-based firm will establish the plant at Zulu lithium and tantalum project, which will allow the production of spodumene concentrate, or SC6 - a type of high-purity lithium ore, from the first quarter of next year.

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Riverfort Global Opportunities PLC, up 4.8% at 0.97p, 12-month range 0.90p-1.72p. The investment adviser posts lower profit for 2021, but ups payout. Pretax profit falls to GBP1.0 million from GBP1.5 million in 2020. Investment income climbs to GBP1.8 million from GBP1.3 million. Pays a dividend of 0.038p for 2021, up 0.02p for 2020.

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Next Fifteen Communications PLC, up 2.7% at 897.50p, 12-month range 820.22p-1,476.00p. The

marketing company says trading continued to be strong through May, with adjusted pretax profit ahead of expectations. Last month, the firm said total revenue was up 68% year-on-year to GBP130 million in the three months to April 30.

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AIM - LOSERS

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Trackwise Designs PLC, down 19% at 49.15p, 12-month range 49.00p-270.81p. The printed circuit products maker warns sales for 2022 will fall short of market expectations, as a result of reduced near term demand from UK electric vehicle OEM customers. In spite of revenue being poised to miss market expectations, Trackwise says adjusted pretax profit is set to be in line, through the benefit of specific contract terms.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
20 May 2022 12:13

LONDON MARKET MIDDAY: China rate cut brightens end-of-week trading

(Alliance News) - The FTSE 100 in London was on course to post a weekly gain as the end of a rocky week saw sentiment perk up on news of an interest rate cut in China, contrasting with hawkish rhetoric - and rate hikes - from central banks in the US and Europe over recent months.

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20 May 2022 11:19

AIM WINNERS & LOSERS: M&C Saatchi soars on Next Fifteen buyout offer

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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20 May 2022 10:21

TOP NEWS: Next Fifteen joins M&C Saatchi takeover battle

(Alliance News) - Next Fifteen Communications Group PLC on Friday announced it has reached a cash-and-shares offer agreement with independent directors of M&C Saatchi PLC to buy the firm, amid a four-months long takeover attempt of M&C by AdvancedAdvT Ltd.

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20 May 2022 10:09

M&C Saatchi agrees to $390 million takeover by Next Fifteen

LONDON, May 20 (Reuters) - British advertising group M&C Saatchi has agreed a takeover by consultancy Next Fifteen Communications, which it said on Friday represented a better offer than one made by its biggest shareholder.

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20 May 2022 09:02

LONDON MARKET OPEN: China interest rate cut steadies investor nerves

(Alliance News) - European markets were on course for a strong end to an otherwise shaky week, with sentiment getting a shot in the arm from an interest rate cut in China.

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20 May 2022 09:01

M&C Saatchi agrees £310m takeover by Next Fifteen, shares surge

(Sharecast News) - Shares of M&C Saatchi surged on Friday after it agreed to be bought by Next Fifteen for £310m, just days after rejecting a £254m offer from Vin Murria's investment vehicle AdvancedAdvT.

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20 May 2022 08:24

LONDON BRIEFING: Next Fifteen steps into M&C Saatchi takeover battle

(Alliance News) - Digital marketing services firm Next Fifteen Communications on Friday muscled into the tussle over advertising agency M&C Saatchi by making a GBP310.1 million cash-and-shares offer.

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20 May 2022 07:44

LONDON MARKET PRE-OPEN: M&C Saatchi accepts Next Fifteen takeover bid

(Alliance News) - Stocks in London were looking to end another rocky week on a strong note as sentiment got a boost from an interest rate cut in China.

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20 May 2022 07:12

M&C agrees deal with Fifteen Communications

LONDON, May 20 (Reuters) - The independent directors of M&C Saatchi have agreed a deal to sell the British advertising company to consultancy Next Fifteen Communications , saying it offered a superior outcome to an alternative bid from its biggest shareholder.

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5 Apr 2022 11:17

Next Fifteen loss widens on acquisition earn-out cost; hikes payout

(Alliance News) - Next Fifteen Communications Group PLC on Tuesday posted a widened full-year loss but still hiked its dividend.

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29 Mar 2022 15:01

UK earnings, trading statements calendar - next 7 days

Wednesday 30 March 
Anglo Pacific Group PLCFull Year Results
Bank of Cyprus Holdings PLCFull Year Results
Bowleven PLCHalf Year Results
Canadian Overseas Petroleum LtdFull Year Results
Ebiquity PLCFull Year Results
Equals Group PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Inspired PLCFull Year Results
Keywords Studios PLCFull Year Results
Michelmersh Brick Holdings PLCFull Year Results
Shepherd Neame LtdHalf Year Results
Team17 Group PLCFull Year Results
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Eleco PLCFull Year Results
BBGI Global Infrastrcture SAFull Year Results
Chesnara PLCFull Year Results
Gattaca PLCHalf Year Results
Hostelworld Group PLCFull Year Results
James Halstead PLCHalf Year Results
Mears Group PLCFull Year Results
Record PLCFull Year Results
RTW Venture Fund LtdFull Year Results
S4 Capital PLCFull Year Results
Sportech PLCFull Year Results
Proteome Sciences PLCFull Year Results
Provident Financial PLCFull Year Results
Friday 1 April 
HydrogenOne Capital Growth PLCFull Year Results
Renew Holdings PLCTrading Statement
Medica Group PLCFull Year Results
Monday 4 April 
CentralNic Group PLCFull Year Results
Elixirr International PLCFull Year Results
Xpediator PLCFull Year Results
Tuesday 5 April 
DP Eurasia NVFull Year Results
Homeserve PLCTrading Statement
Moonpig Group PLCTrading Statement
Next Fifteen Communications Group PLCFull Year Results
Quixant PLCFull Year Results
SourceBio International PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
29 Mar 2022 13:55

EXECUTIVE CHANGES: D4T4 co-founder to step down from board

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and Tuesday and not separately reported by Alliance News:

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3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 Mar 2022 14:08

Next Fifteen raises £50m to part-fund Engine UK acquisition

(Sharecast News) - Consulting firm Next Fifteen Communications raised £50m before expenses on Thursday, to part-fund the acquisition of communications and creative business Engine UK.

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23 Feb 2022 13:04

Next 15 subsidiary Mach49 enters $400m 'strategic alliance'

(Sharecast News) - Next Fifteen Communications announced on Wednesday that its wholly owned subsidiary Mach49 has entered into a five-year "strategic alliance" with an unnamed global technology and digital company.

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