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AIM WINNERS & LOSERS: Bigblu plots AIM exit, warns on disposal funds

ALN

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

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AIM - WINNERS

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Zoo Digital Group PLC, up 13% at 11.00 pence, 12-month range 8.34p-40.00p. The provider of localisation services to the entertainment industry reports weaker half-year revenue but says it saw ‘increasing momentum’. Pretax loss in the six months to September 30 narrowed to $1.4 million from $2.7 million a year prior, Zoo says, despite revenue falling 19% to $22.4 million from $27.6 million. ‘Zoo has seen increasing momentum during H1 FY26, with Q2 outperforming Q1 on all financial metrics, and a growing number of new opportunities and projects being progressed as customers become more settled in their content strategies and restructured operations. While the transactional nature of our business offers limited visibility of revenues for the duration of H2, we are trading in line with our expectations,’ it adds. It puts consensus at $42.3 million for revenue, which would represent a decline from $49.6 million in financial 2025. Localisation services include adapting media to a certain audience. This includes altering visuals, cultural references, idioms and jokes.

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TMT Investments PLC, up 4.5% at $2.54, 12-month range $2.13-$3.55. The investor in ‘high-growth technology’ firms announces a share buyback of up to $2.0 million, as it believes it stock is trading below ‘intrinsic value’. Hobart Capital Markets LLP has been appointed the manager of the programme.

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AIM - LOSERS

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Bigblu Broadband PLC, down 58% at 7.81p, 12-month range 7.81p-45.00p. The firm focused on bringing broadband connectivity to regional, rural and remote households warns it may not be entitled to a contingent consideration connected to its sale of Skymesh, and it cautions that it could even be subject to a ‘financial obligation’. The unit was sold to SKM Telecommunication Services Pty Ltd for up to £25.0 million in December of last year, £15.0 million upfront. On the first anniversary of the disposal, the agreement outlined that SKM would need to pay the additional cash consideration. However, Bigblu warns on Wednesday: ‘The company is currently in discussions with SKM having regard to the performance of Skymesh post its disposal by the company. These discussions are ongoing but the outcome of the negotiations with SKM could impact not only whether or not the company is entitled to any deferred consideration but could also impose a financial obligation on the company to SKM.’ In addition, it announces it will seek shareholder approval to cancel its AIM listing. ‘Having successfully sold the significant majority of the company’s trading assets over the last five years, the board has carefully considered the merits of maintaining its listing on AIM. As part of these considerations, the board has taken into account the management time, the associated additional adviser costs and regulatory burden associated with maintaining the company’s admission to trading on AIM. Having regard to the current size and position of the company, the board has concluded that the costs and constraints of remaining on AIM are no longer justified,’ it adds. The general meeting is on December 8 and the last day of dealings is set to be December 17, if the cancellation is approved.

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