The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Cordel Group PLC, up 13% at 7.48 pence, 12-month range 3.10p-7.48p. Cordel announces an extension to its contract with the Australian Rail Track Corp, the manager of most of the nation’s interstate rail network. Cordel, a London-based company, whose flagship platform uses artificial intelligence to supply transport corridor analytics, says the extension takes the deal to the end of August 2025.
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AIM - LOSERS
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Nexteq PLC, down 19% at 72.50p, 12-month range 70.00p-160.00p. The provider of technology solutions for industrial customers says trading has been hurt by ‘cross industry de-stocking, resulting in reduced order intake levels’. ‘In addition, while customer retention remains impressively high, we have seen certain customer product and project launches being delayed into Q1 2025, from Q4 2024, with customers opting to delay agreed new project expenditure into a new budget year,’ it cautions. It now expects its 2024 performance to be between 10% and 12% below previous market expectations. It put revenue consensus at $95 million and adjusted pretax profit consensus at £9.4 million. Nexteq names Matt Staight as its new chief financial officer, replacing Johan Olivier who steps down from the position on Thursday. Olivier’s departure was announced in July, in an update in which Nexteq also said Francis Small and Jon Jayal, chair and chief executive at time, also would depart.
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Deltic Energy PLC, down 19% at 72.50p, 12-month range 70.00p-160.00p. The investor in offshore oil & gas assets in the UK updates on recent drilling at the Selene prospect in the North Sea. The 48/8b-3Z well reached its total depth of 3,540 metres and proved a 160 metre thick section of leman sandstone. ‘The top of the Leman Sandstone was encountered approximately 70 metres deep to prognosis with elevated mud gas readings, confirming the presence of gas,’ Deltic adds. However, it estimates ultimate recoverable resources are at the lower end of pre-drill estimates.
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