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WINNERS & LOSERS: Aeorema wins climate event deal; RWS cuts dividend

ALN

The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Thursday.

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Main Market small-cap winners

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Contango Holdings PLC, up 20% at 0.60 pence, rallies after falling 30% on Wednesday

Amigo Resources PLC, up 15% at 2.63p

RC365 Holding PLC, up 15% at 2.75p, recovers after sinking 40% after placing

World Chess PLC, up 15% at 0.28p

African Pioneer PLC, up 14% at 1.20p

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Main Market small-cap losers

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Nanoco Group PLC, down 13% at 2.18p

Great Southern Copper PLC, down 8.6% at 2.65p

DeFi Development Corp UK PLC, down 8.4% at 18.00p

Cloudbreak Discovery PLC, down 8.0% at 0.58p

Foresight VCT PLC, down 7.6% at 61.00p, trades ex-dividend

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AIM winners

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CloudCoCo Group PLC, up 18% at 0.24p

Proteome Sciences PLC, up 12% at 1.74p

Focus Xplore PLC, up 9.1% at 0.03p

Provexis PLC, up 7.5% at 1.01p

Marechale Capital PLC, up 7.0% at 6.85p

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AIM losers

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Proservice Building Services Marketplace PLC, down 19% at 2.53p

RWS Holdings PLC, down 12% at 90.35p, cuts dividend despite higher revenue

Scancell Holdings PLC, down 9.8% at 18.50p

UKrproduct Group Ltd, down 9.0% at 6.35p

Litigation Capital Management Ltd, down 8.6% at 2.29p

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Small-cap and AIM movers in focus:

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Contango Holdings PLC, up 20% at 0.60 pence, 12-month range 0.40p-1.20p. The developer of the Muchesu coal project in Zimbabwe bounces back after falling 30% on Wednesday. On Wednesday, the firm said it is not aware of any reason for the fall in share price. It said it continues to work to publish a circular for the proposed subscription of £5.0 million at 1.1p with strategic investors.

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Foresight VCT PLC, down 7.6% at 61.00p, 12-month range 60.00p-71.00p. The stock trades ex-dividend, which means new shareholders do not qualify for the final dividend of 3.6p per share.

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RWS Holdings PLC, down 12% at 90.35p, 12-month range 68.50p-113.58p. The Maidenhead, England-based language services and artificial intelligence solutions provider cuts its dividend despite reporting higher revenue. The firm says its pretax loss for the six months to the end of March narrows to £9.5 million from £12.7 million a year prior. Revenue climbs 4.6% to £360.3 million from £344.3 million. However, RWS cut its interim dividend by 29% to 1.75 pence per share from 2.45p a year ago. The company says it has made a good start to the second half, but adds that current foreign exchange rates, after, hedging, are expected to have a £2 million adverse impact on full-year pretax profit.

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Aeorema Communications PLC, up 4.8% at 65.50p, 12-month range 45.00p-76.15p. The London-based live events agency’s brand experience agency Cheerful Twentyfirst secures a three-year contract to deliver Climate Week NYC in 2026, 2027 and 2028. The firm says the contract win ‘solidifies’ its position as a ‘trusted partner for high-impact global conference work’. It follows a three-year partnership with Climate Group, the organisation behind Climate Week NYC. The event takes place every September across New York City. ‘This contract win is a testament to the dedication of our team and the strength of our creative partnership with Climate Group over the last three years,’ says Chief Executive Officer Steve Quah.

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Concurrent Technologies PLC, up 6.6% at 267.50p, 12-month range 170.00p-280.00p. The Colchester, England-based designer and manufacturer of computer products for use in critical embedded applications secures its largest single contract to date, worth around £17 million. The firm says the four-year order from a ‘major European defence equipment prime contractor’ eclipses by far last year’s previous largest order of $6.2 million. The ‘long-standing’ customer is a leading provider of ground-based air defence systems and is expanding its production capacity to support increasing demand, Concurrent says. ‘This order represents our largest ever contract win and demonstrates the longevity of our product set and the strength of our long-standing customer relationships,’ says Chief Executive Officer Miles Adcock.

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