The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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TPXimpact Holdings PLC, up 19% at 37 pence, 12-month range 30.5p-53.5p. The London-based technology-enabled services company, announces ‘major contract award’ from the UK’s Ministry for Housing, Communities & Local Government worth up to £19 million over three years. It says that under the contract it will play a ‘pivotal role in supporting the delivery of MHCLG’s ambitious digital reform programme to modernise the planning systems utilised across England’. Chief Executive Officer Bjorn Conway says it ‘builds on the success of our existing two-year partnership with MHCLG’. TPXImpact also says trading in its first half was in line with its update in September. It expects to report revenue down around 9% on-year to ‘almost’ £38 million, with adjusted Ebitda margins increasing to about 6%. Adds that ‘positive momentum’ has continued into the third quarter with contracts ‘already won’ worth £24 million. Conway adds that the 2024 UK government budget ‘provided improved visibility in relation to central government spending plans for the next financial year, which should result in an uplift in activity in the second half of this financial year’.
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Thruvision Group PLC, up 18% at 10p, 12-month range 8.5p-21p. The security technology provider announces that it has raised £1.4 million before expenses through direct subscriptions from existing shareholders. Subscriptions are for in total 12.5 million new shares at 11 pence each, a premium of approximately 29% to the closing mid-market price of 8.5p per share on Monday. ‘Substantial’ shareholders Schroder Investment Management Ltd and Pentland Capital Ltd have conditionally subscribed for 2.3 million and 6.8 million shares respectively.
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AIM - LOSERS
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Facilities by ADF PLC, down 41% at 30.75p, 12-month range 30.75p-58.5p. ADF is a Bridgend, Wales-based provider of production facilities for the UK film and ‘high-end’ television sector. Says in a trading update that its sales pipeline for the latter part of 2024 began to increase in line with expectations during the third quarter as the effect of US strikes ‘slowly began to recede’ and despite ‘prevailing uncertainty’ among customers sparked by the UK budget and US election. Says however that ‘it is now clear that a significant number of the productions that ADF had in its sales pipeline for [the second half year] will have start dates pushed out into [2025], and some will not proceed at all.’ Therefore it now expects to report full-year revenue of approximately £35 million and adjusted Ebitda between £7.3 million and £8.0 million, in line with 2023 levels. It also expects ‘approximately breakeven’ net income, and lower ‘add-on’ revenue rates in the near-term future. Says on the other hand that its sales pipeline for next year promises to be ‘significant’ having been ‘steadily building’ over summer, especially including this year’s delays. Is currently in discussions ‘with several new customers for large, multi-series productions with Netflix, Apple and Marvel’.
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