AIM WINNERS & LOSERS: PipeHawk to sell Utsi Electronics unit

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

The following stocks are the leading risers and fallers on AIM on Wednesday.

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AIM - WINNERS

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PipeHawk PLC, up 44% at 2.3 pence, 12-month range 1.05p-2.85p. The engineering solutions provider enters into a binding conditional agreement to dispose of its Utsi Electronics subsidiary to Hong Kong-based Leidi Global Supply for £1.0 million in cash. PipeHawk receives a £25,000 non-refundable deposit, with the balance payable on completion and earmarked for working capital. Utsi posts a pretax loss of around £464,000 in the year to June 30, 2025. Completion is conditional on clearance under the UK National Security and Investment Act, with a long-stop date of February 28, 2026, after which PipeHawk focuses on its remaining Thomson Engineering Design and Adien businesses.

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Beeks Financial Cloud Group PLC, up 4.6% at 230p, 12-month range 186p-323p. Shares in the Glasgow, Scotland-based cloud computing and connectivity provider for financial markets rise as CEO Gordon McArthur sells 200,000 shares at 232.1 pence, worth £464,200, on Tuesday. McArthur retains 20.9 million shares, a 30.7% stake.

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AIM - LOSERS

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Litigation Capital Management Ltd, down 17% at 7.1p, 12-month range 7.1p-101.5p. The asset manager focused on dispute financing says an Australian federal court quantifies adverse costs in a failed Queensland electricity class action at A$32.4 million, around $21.7 million, split evenly between Stanwell Corp and CS Energy. After applying after-the-event insurance, LCM says it faces an uninsured exposure of A$12.9 million, with the balance borne by Fund 1 investors. The company notes an appeal against the underlying judgment is set for March 2026 and says it is considering a separate appeal on costs, while continuing discussions with its principal lender as its strategic review remains ongoing.

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