(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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Westminster Group PLC, up 9.2% at 1.42 pence, 12-month range 1.20p-6.07p. Its Westminster Aviation Security Services business wins an aviation security training contract in the UK. The contract is "potentially worth several hundred thousand pounds." Westminster adds that the contract will ensure a "major" UK airport to deliver ground security officer training to their security staff, enhancing security operations.
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Pelatro PLC, up 9.1% at 24.00 pence, 12-month range 17.90p-45.90p. Wins a contract with a Middle East telco, to provide its mViva Campaign Management and Loyalty Management solutions. The initial value of the license contract is around USD1 million, payable over three years. With this win, revenue visibility for 2022 stands at around USD8 million, the company adds.
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AIM - LOSERS
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88 Energy Ltd, down 12% at 0.55 pence, 12-month range 0.0040p-0.65p. Sinks to pretax loss of USD67.3 million in six months to June 30 versus USD445,446 profit a year prior. Revenue falls to USD3,921 from USD4.3 million but notes a USD3.4 million gain from equity accounted investment. Loss stems from steep USD67.3 million exploration & evaluation impairment. Separately, plans placing to raise up to AUD10 million, about GBP5.8 million, from placing at about 0.52p each. Also notes the maiden prospective resource estimate at its Icewine East project shows 1.03 billion barrels of oil. Owns 75% net working interest in Icewine East.
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By Paul McGowan; paulmcgowan@alliancenews.com
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Westminster Group (WSG)
88 Energy (88E)