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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SDI Group PLC, up 13% at 170.00 pence, 12-month range 129.00p-220.00p. The medical technology firm guides for an annual performance ‘materially ahead’ of current market expectations. For the year ended April 30, SDI expects revenue to rise 40% to £49 million from £35.1 million the year before, aided by contributions from acquired businesses, including Monmouth Scientific, Uniform Engineering and Safelab Systems. As a result, adjusted pretax profit is set to increase 42% to £10.5 million from £7.4 million. Looking ahead, SDI said it expects its 2023 financial year to be its ‘best year yet’, also ahead of current market expectations.
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Westminster Group PLC, up 8.7% at 2.50p, 12-month range 2.09p-6.70p. The security services provider wins deal worth over £300,000 to supply and install baggage and people screening solution for West African Parliament building. Westminster says the work will ‘detect any weapons, threats or contraband being carried into the building’. Project begins immediately and will be completed ‘within the next few months’.
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Cizzle Biotechnology Holdings PLC, up 8.1% at 2.27p, 12-month range 1.90-13.00p. The diagnostics developer rises on a new collaboration into lung cancer testing with US-based CorePath Laboratories. The collaboration will see Corepath use Cizzle’s technology to develop an early-stage lung cancer test in the US. A royalty of 15% and other royalty sharing arrangements are proposed for Cizzle for any products and services based on CIZ1B in the US.
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AIM - LOSERS
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Kinovo PLC, down 46% at 18.45p, 12-month range 18.16p-53.00p. Shares hit 12-month low after property services company says it had to provide £3.7 million to support its sold construction business DCB Kent Ltd under disposal agreement terms, and expects to pay more in the short term.
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