The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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essensys PLC, up 21% at 37.00 pence, 12-month range 13.00p-40.00p. The London-based provider of software and cloud services saw its shares jump, after announcing that it expects full-year revenue, as well as adjusted earnings before interest, tax, depreciation and amortisation, to be above market expectations. For the financial year that ended July 31, essensys expects to report revenue of £24.0 million, and an adjusted Ebitda loss of no more than £900,000, narrowed from £6.1 million a year prior. Cash at the year’s end was also ‘significantly’ ahead of expectations at £3.1 million, which the firm said improved profitability and the receipt of a tax credit for 2022. Adding to this momentum, essensys named Greg Price as its new chief financial officer, effective October 14. Price was previously CFO for Cargo Logic Air.
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Kazera Global PLC, up 11% at 1.05 pence, 12-month range 0.31p-1.50p. The London-based investor in early-stage mineral projects in Africa said that an on-site inspection of its Whale Head Minerals operation was completed on August 23. The inspection was carried out by a consultant on behalf of the National Nuclear Regulator. Kazera has now started collecting mining sample for processing, and to distribute to potential off-takers for analysis.
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AIM - LOSERS
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Frenkel Topping Group PLC, down 5.3% at 46.41p, 12-month range 42.00p-61.75p. The Manchester, England-based professional and financial services firm, which is focused on personal injury and clinical negligence, posted a trading update for the six months ended June 30. Unaudited revenue came to £17.9 million, up 12% from £16.0 million a year prior. Adjusted Ebitda was £3.6 million, up from £3.5 million, while gross profit was up 5% to £6.9 million from £6.6 million. Despite ‘solid’ progress, Frenkel Topping noted that Partners in Costs Ltd, one of its businesses, has had a ‘particularly challenging period’. Looking ahead for the company as a whole, Frenkel Topping said revenue remains in line management expectations but Ebitda is behind by around 8%.
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