The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Made Tech Group PLC, up 18% at 21.74 pence, 12-month range 8.00p-22.00p. The provider of digital, data and technology services to the UK public sector says it is trading ahead of expectations, so far in its half-year to November 30. ‘I am pleased to report to shareholders that the business has maintained this strong performance into Q2, achieving sales bookings in the year to date of £37.5 million which is already ahead of the £36.0 million bookings achieved for the whole of the prior year,’ Chair Joanne Lake is to say at the firm’s annual general meeting. ‘The board now anticipates that, as a result of these encouraging sales bookings and ongoing delivery momentum, group revenue for FY25 will be ahead of market expectations set at the start of the financial year.’ Revenue consensus stands at £35.2 million, which would represent a decline from £38.6 million in the year to May 31.
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Silver Bullet Data Services Group PLC, up 13% at 55.70p, 12-month range 30.50p-200.00p. The London-based provider of artificial intelligence-driven digital transformation services and products hails new contract wins, worth a total of £1.5 million. It began the fourth-quarter with positive trading earnings before interest, tax, depreciation and amortisation. This has ‘been further strengthened by new brand partnerships’. ‘October was the best performing month on record for the group and included a significant proportion of new bookings relating to 4D AI higher-margin data revenues with global blue chip clients including BMW and Visa,’ it adds.
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AIM - LOSERS
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Proton Motor Power Systems PLC, down 65% at 0.15p, 12-month range 0.13p-6.00p. Fuel cells and fuel cell electric hybrid systems developer Proton Motor now believes the best course of action is a wind down of the business, as the funding it needs to continue beyond the end of this year is unlikely to materialise. ‘The company had been in advanced discussions with a German based potential industrial partner regarding a possible funding solution which would have enabled the company to continue to trade beyond the end of 2024. Regrettably, these discussions have now terminated,’ Proton explains. It intends to cancel its AIM listing. ‘As at 30 June 2024, the company had unaudited total liabilities of approximately of £143.1 million and net liabilities of approximately £116 million. There can therefore be no guarantee that the company will be capable of a solvent winding up, nor of the possible returns to shareholders, if any, in that circumstance,’ it cautions.
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