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AIM WINNERS & LOSERS: Eqtec strategises expansion; MS lifts dividend

ALN

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

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AIM - WINNERS

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Eqtec PLC, up 73% at 0.095 pence, 12-month range 0.05p-0.75p. Outlines a complementary strategic expansion alongside its core gasification business. The provider of syngas technology and engineering services for clean conversion of waste into sustainable energy and biofuels says it plans a capital-light move into critical and precious metals assets linked to global electrification to introduce nearer-term cash flow while its waste-to-value projects mature. Eqtec says its lenders are supportive of the broadened strategy and it is in advanced talks on a debt restructuring aimed at deleveraging the balance sheet and improving liquidity. CEO James Parsons says: ‘I am confident in the medium-term potential of our gasification technology and team and in its ability to deliver scalable returns as multiple reference plants come onstream. At the same time, the opportunity set in sustainable complementary critical and precious metals is significant. Selective, capital-light exposure allows us to balance the portfolio and introduce nearer-term value inflexion points while remaining aligned with the same electrification and decarbonisation drivers.’

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Truetide PLC, up 40% at 3.00p, 12-month range 1.75p-5.50p. Says investee Paraytec launches a focused development programme to create a high-throughput, real-time fluorescent assay to measure alpha-synuclein fibril formation using its CX300 system, targeting drug discovery in Parkinson’s and related neurodegenerative diseases. The investor in listed and unlisted companies in the technology sector formerly known as Braveheart Investment says a successful outcome could deliver a proprietary, low-cost screening tool with multiple commercialisation routes, including reagent sales and screening services.

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AIM - LOSERS

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MS International PLC, down 4.6% at 1340.00p, 12-month range 1,225.00p-1,364.80p. Lifts its interim dividend, while flagging a stronger strategic outlook. The Doncaster, Yorkshire-based defence equipment manufacturer posts revenue for the six months to October 31 of £55.8 million, up from £54.7 million a year earlier, while pretax profit edges down to £8.5 million from £8.8 million. MS International proposes a 6 pence interim dividend, up from 5 pence a year earlier, and says its medium to long-term prospects are better than at any time in its history, supported by sustained appetite for higher defence spending and a sharper focus on its Defence & Security division.

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