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AIM WINNERS & LOSERS: Conygar makes profit on land sale; Landore sinks

ALN

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

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AIM - WINNERS

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Conygar Investment Co PLC, up 19% at 30.35 pence, 12-month range 67.00p-25.00p. The property developer says it has unconditionally exchanged contracts to sell its 203 acre brownfield land holding at Rhosgoch in Anglesey, Wales to Rhosgoch Property Ltd, a wholly owned subsidiary of ferry operator Stena Line (UK) Ltd. The sale price is £18.5 million in cash. Conygar says the net proceeds of £18.3 million will be used to fully repay the £5.6 million Ask Partners loan secured against its site in Nottingham. The remaining cash will be used for ongoing operations and working capital, primarily at the Island Quarter site in Nottingham. Conygar will record a profit of £15.8 million on the transaction based on the March 2025 accounts valuation of £2.5 million. ‘We are delighted to have completed the sale of this asset to Stena and to continue our strong working relationship with them,’ says Property Director Freddie Jones.

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Light Science Technologies Holdings PLC, up 9.8% at 6.48p, 12-month range 6.80p-2.20p. The provider of lighting, science and plant monitoring solutions wins a contract worth £460,000 for the design, supply, installation, and commissioning of a modular vertical farming system at the new Nottingham Trent University Smart Agricultural Research Centre. The contract also includes an additional three-year maintenance package valued at £10,800 per year. On-site implementation of the system is scheduled for February and March 2026. ‘We are delighted with this latest contract award, which was part of a competitive tender. We have developed a strong ecosystem within the group, and the nature and size of this contract highlight the benefits of being able to deliver scale through our complementary divisions,’ says Chief Executive Officer Simon Deacon.

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AIM - LOSERS

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Bioventix PLC, down 18% at 1,895.00p, 12-month range 4,000.00p-1,820.00p. The firm cuts its dividend and reports lower earnings. The London-based biotechnology company says turnover fell 3.6% to £13.1 million in the 12 months to the end of June from £13.6 million a year prior. Pretax profit falls 4.8% to £10.1 million from £10.6 million. The company declares a second interim dividend of 80p per share, down 8.0% from 87p a year ago, to give a total dividend for the year of 150p per share, compared to 155p in financial 2024. ‘This year has been particularly noteworthy as our historic core business has faced some challenges in downstream markets, particularly in China,’ the company notes. Bioventix expects a ‘modest decline’ in revenue during the next financial year due to ‘a number of headwinds remaining within the historic core business’.

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Landore Resources Ltd, down 6.5% at 4.30p, 12-month range 5.90p-2.25p. The North American-focused precious, base and battery metal exploration and development company raises £1.5 million before expenses through a subscription of 35.5 million shares at 4.125p each. The subscription shares will represent around 9.6% of the firm’s enlarged issued share capital. ‘The subscribers comprised certain new institutional investors as well as existing long-term shareholders, including former director William Humphries, and was significantly oversubscribed,’ Landore notes. The net proceeds of the subscription will be used for general working capital purposes and advancing ongoing mineral resource estimate work.

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