|
The following stocks are the leading risers and fallers on AIM on Wednesday. ---------- AIM - WINNERS ---------- 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. ---------- 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. ---------- AIM - LOSERS ---------- 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. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
