The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Inspiration Healthcare Group PLC, up 22% at 23.20 pence, 12-month range 15.50p-54.70p. The medical technology company, which specialises in neonatal intensive care devices, signs a $4.3 million deal to provide a customer with ventilators. ‘The contract was anticipated to be signed and products shipped in the previous financial year but was delayed while final contract terms were negotiated. The company is now working to finalise the agreed letter of credit and expects to ship the products in the second half of the current financial year,’ it adds. The deal is for the delivery of SLE6000 neonatal ventilators. It is the largest single order it has received for the neonatal ventilator offering, Executive Chair Roy Davis comments.
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AIM - LOSERS
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Judges Scientific PLC, down 18% at 9,270.00p, 12-month range 7,300.00p-12,250.00p. The London-based company, focused on acquiring and developing businesses in the scientific instrument sector, says trading has been ‘subdued’ during the first-half of 2024. Organic revenue in the first-half declines 3% on-year, with the China/Hong Kong region among the ‘most affected’. ‘The decrease in organic revenues in the first half is expected to result in earnings per share declining by a fifth for the period,’ it adds. ‘Despite the expectation of an improved second half, the board no longer expects the group’s performance to recover sufficiently to enable us to deliver a year-end performance in line with current market expectations.’ Judges Scientific now expects EPS to be between 5% and 10% below the consensus of 384.6p.
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Empresaria Group PLC, down 12% at 35.15p, 12-month range 30.75p-52.00p. The recruitment company says reported revenue is down 3% to £121.8 million in the first half of 2024, but is up 4% at constant currency. Net fee income plunges 15% to £25.3 million, falling 9% at constant currency on a like-for-like basis. ‘Full year adjusted results are expected to be in line with current market expectations although market conditions remain challenging,’ it warns.
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