The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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tinyBuild Inc, up 70% at 4.25 pence, 12-month range 2.2p-112p. The Washington, US-based video game developer and publisher says French video game firm Atari SA will buy $2 million of its shares via a private placing at 5p each. This comes amid plans to raise around $14 million via the issue of shares at the same price. This will be via a combination of a placing for at least $10 million, with the CEO Alex Nichiporchik agreeing to underwrite the placing and open offer for up to $10 million, and an open offer for up to $2.2 million, as well as the private placing with Atari. However, provides a rather gloomy update on trading, noting some contracts may slip into next year. Expects revenue to be between $40 and $50 million in 2023, which would be down from $63.3 million in 2022. In response, the firm has ‘promptly accelerated’ its cost reduction plans. Will use fund from the equity raise to strengthen its balance sheet.
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GlobalData PLC, up 22% at 195p, 12-month range 132p-202.72p. The data analytics and consulting firm says private equity company Inflexion has bought at 40% stake in its Healthcare division at a valuation of £1.12 billion. It expects to receive net cash of £434 million, which ‘will provide flexibility for accelerated value-creating M&A across the group’.
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AIM - LOSERS
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Helium One Global Ltd, down 68% at 0.24p, 12-month range 0.24p-10.3p. The Tanzania-focused helium explorer raises gross proceeds of £6.1 million in an oversubcribed equity placing and subscription for 2.42 billion shares at 0.25p each. The issue price represents a 72% discount to Tuesday’s closing price of 0.09p. Helium One Global says the net proceeds of the fundraise will be used for drilling exploration well Itumbula West-A on the Itumbula prospect, alongside general working capital purposes. CEO Lorna Blaisse says the firm is rigging up at Itumbula West-A and performing pre-spud maintenance checks ahead of the commencement of drilling early next month. ‘Delaying this fundraise would have significantly impacted the company and its strategy,’ she adds.
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