AIM movers: Ashtead Technology disappoints and ex-dividends

Oil and gas producer Empyrean Energy (LON: EME) says the operator of the Mako field has signed a gas sales agreement with PT PLN Energi Primer Indonesia. This covers the current production from the Duyung production sharing contract until January 2027. Empyrean Energy has an 8.5% interest in the Mako field. The share price soared 267.5% to 0.0735p.

MyHealthChecked (LON: MHC) is supplying lateral flow tests under the Boots own brand. This covers 13 tests, and the initial term is 12 months. The share price jumped 30.8% to 12.75p.

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Orosur Mining Inc (LON: OMI) has announced positive early results from mineral resource estimate drilling at the Pepas prospect within the Anza gold project area in Colombia. Grades of up to 12.76g/t have been found. The share price increased 17.3% to 8.8p.

Medical imaging services provider IXICO (LON: IXI) say revenues for the year to September 2025 should be better than expected at £6.3m. A loss is still expected. Cash should be at least £3m at the end of September 2025. The share price rose 15.4% to 11.25p.

Audioboom (LON: BOOM) is acquiring podcast network Adelicious for up to £4.5m and has raised £3m through a placing at 270p/share. Podcasters on the Adelicious network include Frank Skinner and Jeff Stelling. The UK market is less developed than the US market. The share price is 14.9% higher at 327.5p.

FALLERS

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Offshore services provider Ashtead Technology (LON: AT.) grew first half 23% to £99m, but that is a pro forma decline of 6%. Margins have improved thanks to operational synergies. Underlying full year EBITDA is likely to be slightly lower than forecast, but pre-tax profit should be in line with expectations of £49.2m. The medium-term outlook is positive. The interims will be published on 26 August. The share price slipped 24.1% to 341.75p.

Trading in Artemis Resource (LON: ARV) shares has been halted on ASX because it is raising cash to finance the development of its gold assets. AIM trading continues and the share price declined 21.8% to 0.215p.

Ceramic products manufacturer Churchill China (LON: CHH) says that there is reduced demand from hospitality and May and June were materially below target. Market share is being maintained. That will hit profit. The UK and US are holding up better than other markets. There is also trading down from dearer products. Replacement business is at expected levels. Production has been reduced, thereby hitting operating levels and margins. The share price fell 17.4% to 475p.

AFC Energy (LON: AFC) raised £23m at 10p/share via a placing and subscription, which was more than initially asked for, and up to £5m can be raised via a retail offer. The cash will fund commercialisation of hydrogen technology, particularly for generator and hydrogen supply. It will fund the manufacture of Hy-5 and 30Kw units for Volex. The share price decreased 17% to 11.26p.

Ex-dividends

Dewhurst (LON: DWHA) is paying an interim dividend of 5p/share and the A share price fell 32.5p to 492.5p.

Dewhurst (LON: DWHT) is paying an interim dividend of 5p/share and the share price declined 7.5p to 792.5p.

Hercules (LON: HERC) is paying an interim dividend of 0.6p/share and the share price is unhanged at 42.5p.

MS International (LON: MSI) is paying a final dividend of 18p/share and the share price slumped 95p to 1065p.

Victorian Plumbing (LON: VIC) is paying an interim dividend of 0.7p/share and the share price improved 0.8p to 69p.

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