The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Kazera Global PLC, up 15% at 0.63 pence, 12-month range 0.31p-1.50p. The London-based investor in early-stage mineral projects in Africa enjoys a boost after receiving certifications from the National Nuclear Regulator in South Africa. Explains that this will enable the Whale Head Minerals project to start the mining and production of heavy mineral sands. Kazera adds that it is still engaged with several potential off-takers, both in South Africa and overseas, who have approached the company with a view to purchasing its heavy mineral sands. Says that with the NNR certificate of registration now in place, these discussions can be progressed, with samples expected to be provided to the offtakers once mining and production start towards the end of this month.
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AIM - LOSERS
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accesso Technology Group PLC, down 26% at 519.00p, 12-month range 500.00p-768.20p. The Berkshire-based provider of software for the leisure, entertainment and cultural sectors lowers full-year revenue expectations to between $150 million and $153 million, rather than the ‘not less than $160 million’ communicated at the time of the group’s final results in April. Explains that this is a result of recent trading volumes in the early part of the northern hemisphere summer months, and slippage in timelines for specific new park openings. Accordingly, accesso will take measures to manage its cost base in line with this lower revenue expectation, so as to mitigate the impact on cash earnings before interest, tax, depreciation and amortisation as far as possible. As a result, the company expects to deliver a full-year cash Ebitda margin of 13% to 14%.
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