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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Kinovo PLC, up 20% at 49.10 pence, 12-month range 40.50p-68.50p. The London-based property services provider says that results for the financial ended March 31 are expected to be ahead of expectations. Kinovo expects to report £6.7 million in adjusted earnings before interest, tax, depreciation and amortisation, up 22% from £5.5 million the previous year and ahead of the company’s £6.2 million forecast. Kinovo also expects £64 million in revenue, up 2.1% from £62.7 million.
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Reabold Resources PLC, up 14% at 0.077p, 12-month range 0.060p-0.19p. The investment company focused on European gas projects announces a gas-purchase agreement between Gunvor International BV and LNEnergy Ltd, in which Reabold holds a 26% stake. Gas will be purchased by Gunvor from LNEnergy from the Colle Santo field, onshore Italy. Gunvor will purchase around 44,000 tonnes of LNG per year, Reabold says, at a cost aligned with the Italian virtual exchange point price.
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AIM - LOSERS
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Surface Transforms PLC, down 64% at 1.02p, 12-month range 1.02p-38.40p. The Liverpool-based manufacturer of carbon-ceramic brake discs announces that its bookbuild offer raised proceeds of £6.5 million through the placing of 58.7 million shares at an issue price of 1.00 pence each. The issue price represents a roughly 66% discount to the company’s Tuesday closing mid-market price of 2.9p.
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