The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Tintra PLC, up 16% at 231.56 pence, 12-month range 29.00p-375.00p. The financial technology company receives subscription agreements for a further $2.0 million under its current funding round. Subscription consists of two $1.0 million investments by two separate limited liability companies. They are for two equal commitments of 148,511 shares priced at 504.00p each. Tintra says the two subscriptions are from the family of a private investor.
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Bigblu Broadband PLC, up 12% at 56.30p, 12-month range 47.00p-100.00p. The rural broadband services provider posts a sharply narrowed annual loss with the positive momentum expected to carry through in its new financial year. Bigblu posts a pretax loss of £1.7 million in 12 months to November 30, narrowed from £4.6 million. Revenue increases to £12.2 million from £10.8 million. During the current year to date, Bigblu says it has continued to show year-on-year growth while benefiting from strong recurring revenues.
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AIM - LOSERS
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Inspired PLC, down 15% at 14.00p, 12-month range 13.50p-22.00p. The energy advisory and sustainability services provider notes press reports citing the risk that Russian energy firm PJSC Gazprom will cease trading in the UK. Inspired says that 5% of its revenue is dependent upon clients that are contracted with Gazprom and that it would not be able to mitigate a disruption in the short term. Should Gazprom cease trading, Inspired could take at most a £3 million hit to its earnings before interest, tax, depreciation and amortisation for the year ending December 31.
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Insig AI PLC, down 23.70p, 12-month range 19.06p-105.00p. The machine learning company notes disruption and delays in trading due to the Omicron variant of Covid and the war in Ukraine, leading to the need for further working capital. Insig says further working capital is required to support the group, as well as a greater focus on sales and marketing. It has agreed terms for a £1.0 million convertible loan facility to be provided by Non-Executive Chair Richard Bernstein. However, Insig admits loan amount will not meet the group’s total working capital requirement, as set in its current business plan, and will only serve to provide time for more operational progress to be made.
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