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AIM WINNERS & LOSERS: Griffin gets China cash; strong pound hits Kooth

ALN

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

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AIM - WINNERS

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Griffin Mining Ltd, up 5.5% at 191.00 pence, 12-month range 115.00p-206.95p. The China-focused mining company receives $30.3 million in dividends from its operating Chinese subsidiary Hebei Hua Ao Mining Industry Co Ltd since November 2023. Griffin now has a cash balance held outside of China of $53.7 million.

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Everyman Media Group PLC, up 4.9% at 42.99p, 12-month range 35.00p-65.50p. The cinema operator is trading in line with expectations for the full financial year despite a ‘challenging economic environment.’ In the 26 weeks to July 3, Everyman Media says revenue was £56.5 million, up 21% from £46.9 million a year prior. Earnings before interest, tax, depreciation and amortisation climb 33% to £8.2 million from £6.2 million.

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AIM - LOSERS

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Kooth PLC, down 11% at 162.00p, 12-month range 124.00p-354.00p. The provider of digital mental health services says the rise in the pound against the dollar this year has hurt both revenue and Ebitda in the first half to June 30. Kooth says UK trading is steady despite ‘continued fiscal pressure on public finances, restrictions on NHS spending and reorganisation of local and national systems’. In the US, it believes youth mental health is still a ‘priority at state level’, though it notes federal cuts to healthcare spending may impact state Medicaid programmes.

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