Source - Alliance News

The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Norman Broadbent PLC, up 61% at 5.63 pence, 12-month range 3p-8.5p. London-based recruitment firm says net fee income in 2022 was £7.3 million, up 27% from £5.8 million a year ago. Net fee income for the fourth quarter was £2.3 million, up 29% from £1.8 million a year ago and up 40% compared to the average of £1.7 million for the previous three quarters. Expects earnings before interest, taxes, depreciation, and amortisation to be about £100,000, up around £400,000 from a loss of £303,000 in 2021. Looking ahead, Chief Executive Officer Kevin Davidson says the company is aiming to deliver annual Ebitda of £1.3 million in 2025, through organic growth.

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FireAngel Safety Technology Group PLC, up 8.7% at 8.75 pence, 12-month range 7.2p-17.41p. The home safety products maker expects outstanding sales growth in 2022 of 32% to £57.5 million, compared to £43.5 million a year earlier. Expects Ebitda of £1.6 million versus £300,000 year-on-year, and pretax loss to narrow to £2.1 million versus a £3.0 million loss in 2021. Looking ahead, the company remains confident for the outlook of 2023, with ‘significantly increased’ revenue and enhanced gross margin expected.

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AIM - LOSERS

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Oxford BioDynamics PLC, down 7.1% at 14.10p, 12-month range 10.98p-33p. The biotechnology firm focused on discovering and developing epigenetic biomarkers posts 2022 revenue of £154,000 compared to £341,000 a year earlier. Pretax loss largely unchanged at £7.6 million. Looking ahead, Chief Executive Jon Burrows says: ‘We’re focused during this new financial year on the continued sales ’grind’ to grow adoption of EpiSwitch CiRT, and we have begun to expand our sales team to support that activity.’

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Norman Broadbent PLC (NBB)

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