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The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Nativo Resources PLC, up 45% at 0.40 pence, 12-month range 7.20p-0.20p. The Latin America-focused exploration company hails a ‘huge milestone’ as noteholders approve restructuring proposals, with 74% of votes in favour. The company will restructure the notes to allow for conversion of the capital, amounting to €10 million, and interest. The notes will not be convertible before 2032 unless the firm’s market capitalisation exceeds £35 million. After the restructuring, Nativo will no longer be in technical default of its obligation to pay interest to noteholders at the end of June. ‘Through positive and pragmatic dialogue with noteholders we can now restructure the notes in a way that enables Nativo to continue its business plan without the weight of this debt and repayment obligation hanging over it,’ says Executive Chair Christian Yates. ‘Nativo is moving forward with its plans to establish sustainable gold production in Peru, with gold trading at well over three thousand dollars.’
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Virgin Wines UK PLC, up 9.4% at 64.00p, 12-month range 70.00p-30.00p. The online wine retailer says pretax profit and earnings before interest, tax, depreciation and amortisation top market expectations for the financial year to the end of June. Revenue is flat at £59 million while pretax profit is down 16% to £1.6 million from £1.9 million. Ebitda is 18% lower at £2.3 million from £2.8 million. The company says the gross product margin is down to 35.6% from 37.6% after an ‘unprecedented rise in alcohol duty’. Chief Executive Officer Jay Wright says: ‘We have continued to drive increased levels of loyalty from customers on our key WineBank subscription scheme, whilst our marketing and operational costs have both reduced substantially year-on-year despite the inflationary environment. In a highly competitive sector, we have been delighted to see healthy market share gains with customers continuing to rate highly our exclusive portfolio of wines, and our outstanding levels of service.’
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AIM - LOSERS
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Cambridge Cognition Holdings PLC, down 23% at 25.00p, 12-month range 48.00p-23.90p. The brain health software says revenue is down 23% to £4.3 million in the first half of the year from £5.6 million. The adjusted Ebitda loss widens to £400,000 from £100,000, though new sales orders are up to £6.9 million from £3.3 million. The order book is up 12% at the end of the period to £16.4 million from £14.6 million a year ago. ‘We are continuing to build the order book from the low point in September 2024. Our refreshed and expanded commercial team is now delivering tangible results and our focus is growing the order book to drive future revenue and cash generation,’ says Managing Director Rob Baker.
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Sunrise Resources PLC, down 11% at 0.02p, 12-month range 0.06p-0.01p. The industrial mineral projects developer raises £200,000 from the issue of 1.18 billion shares at 0.017p each. The placing price is at a 17% discount to the closing price on Wednesday. The firm also launches a retail offer for 294 million new shares at 0.017p each. It says the net funds will support plans for the advancement of mineral projects.
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