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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Bushveld Minerals Ltd, up 56% at 1.67 pence, 12-month range 0.96p-5.90p. The integrated primary vanadium producer completes the refinancing of its unsecured convertible loan notes issued to OMF Fund III (F) Ltd, which was dated September 29, 2020. It says it has refinanced its convertible debt obligations of $47.1 million. Chief Executive Craig Coltman says: ‘I am pleased to announce all conditions set out on the definitive agreement with Orion were met and the refinancing transaction is now completed. We thank Orion for their ongoing support towards the company.’
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AIM - LOSERS
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Made Tech Group PLC, down 25% at 9.75p, 12-month range 9.50p-42.00p. The provider of digital, data and technology services issues a trading update, ahead of the publication of its half-year results on February 26. Revenue in the six months ended November 30 fell to £19.1 million from £20.6 million a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation more than double to £1.4 million from £500,000. Made Tech says: ‘The board anticipates that the procurement market will be impacted by the uncertainty created by the upcoming general election in the short term. Notwithstanding this temporary market backdrop the strong improvements made to Made Tech’s operating model and margins, the investment in its commercial offering, combined with its strong balance sheet and contracted backlog, position the group well to execute on its growth strategy.’
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CAP-XX Ltd, down 25% at 0.71 p, 12-month range 0.55p-3.25p. The manufacturer of supercapacitors for portable electronic devices reports results for the half-year ended December 31. Revenue in the period increases by 40% to A$2.3 million, around £1.2 million, from A$1.6 million a year earlier. However, pretax loss widens to A$3.4 million from A$2.6 million. Its adjusted Ebitda loss widens to A$1.1 million from A$966,000. Chair Pat Elliott and Chief Executive Lars Stegmann says: ‘The legal costs and unexpected expenses in relation to the departure of the former CEO and investment in new product developments have result in our adjusted Ebitda remaining negative and the company’s cash position being tight. However, the board is managing the company’s cashflows carefully.’
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