(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
LoopUp Group PLC, up 31% at 8.87 pence, 12-month range 5p-43p. The software provider for remote meetings reports new "material" contract win, which is expected to generate revenue of GBP10 million and GBP5 million of net cash in the 12 months to September 2023. Says the contract is with American Teleconferencing Services Ltd and Audio Telecommunications Technology II LLC, together PGi Connect. Says contract "clearly material and highly cash generative". Now guides for full-year revenue to be marginally above market expectations, at marginally lower profitability given some additional investment needed for the PGi deal, but revenue in the 2023 financial year should be "materially above market expectations at materially higher profitability".
Ixico PLC, up 11% at 39.41p, 12-month range 30p-91p. The neuroscience data analytics company now expects Ebitda for financial year ending September 30 will "comfortably" exceed previous guidance of GBP1.2 million. For 2023 financial year, guides to revenue of GBP7 million, of which over GBP5 million is already contracted.
Ethernity Networks Ltd, down 26% at 9.3p, 12-month range 8.36p-63p. The network data processing technology provider says it received notice that contract with Israeli international wireless connectivity vendor for provision of UEP module has been cancelled. Has been told cancellation due to customer claims of delays in product delivery, a allegation it "strongly rejects". Says contract was for an initial total of USD930,000, of which it has so far invoiced USD107,000 and had budget for a further USD240,000 to be invoiced and delivery in 2022. "These amounts had been factored into the company's contracted revenue figures for 2022 and 2023 provided in the 2021 full year results, announced on 8 April 2022, and these figures are now expected to reduce commensurately as a result of the contract cancellation," it says.
Camellia PLC, down 11% at 5,204p, 12-month range 5,204p-7,000p. The agriculture and engineering services firm says full-year adjusted pretax profit to be both below market expectations and below that achieved last year. Revenue is expected to be slightly above market forecasts, however. "The combination of extreme weather conditions, continuing disruption on account of the pandemic, war in Ukraine, inflation, supply chain delays and industrial unrest have all conspired to make this year one of the most difficult we have encountered," says Chair & Chief Executive Malcolm Perkins.
By Lucy Heming; lucyheming@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
(Alliance News) - Stocks on both sides of the Atlantic were given a much needed boost on Friday...
(Alliance News) - Stocks in London snapped the week's losing streak on Friday ahead of a key US...
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on ...
(Alliance News) - The following is a summary of top news stories ...
(Alliance News) - The following stocks are the leading risers and fallers among London Main ...
Mining companies are operating in a challenging environment but could now be the time to top up o...
THE WEEK: Morningstar columnist Rodney Hobson provides two pieces of advice to George Osborne, an...
Businesses that have competitive advantages within their industry are good candidates for dividen...
Morningstar reveals the top 10 best performers over the last five years
Morningstar OBSR reveals the top funds for investors seeking exposure to European equities
In this series, we ask leading fund managers about everything from their investment strategy, to ...
Elon Musk has a grand plan to provide satellite wi-fi to cruise ships, but that's not the only in...
The more they happen, the less they seem to matter
Even as the prices of shipping containers have gone up 500%, so too have the ESG risks of the sector
It was time for Abrdn to leave, and ConvaTec to enter
Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.
Terms of Use Privacy Policy Modern Slavery Statement Cookie Settings
The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. It is projection/opinion and not a statement of fact. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. This process culminates in a single-point star rating that is updated daily. A 5-star represents a belief that the stock is a good value at its current price; a 1-star stock isn't. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Morningstar Star Rating for Stocks, please visit here
Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. The Quantitative Fair Value Estimate is calculated daily. It is a projection/opinion and not a statement of fact. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Quantiative Fair Value Estimate, please visit here