AIM movers: Audioboom deals and ex-dividends

Audioboom (LON: BOOM) has secured four new exclusive podcast partnerships which are expected to add five million downloads each month, which is about a 4% increase to recent monthly levels. This should take ad impressions well above one million each month. The highest monthly income was generated in October, which underpins the full year forecast of a £1.9m loss. The share price rose 13.2% to 215p.

Afrentra (LON: AET) has gained government approval for the acquisition of Sonangol to increase its stake in block 3/05, offshore Angola. There are also improved fiscal terms for the block. Tennyson Securities has upgraded its forecast for 2024 free cash flow from $31.1m to $36.7m. The share price is 9.18% higher at 30.025p.

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Time Finance (LON: TIME) says trading is better than expected and Cavendish has upgraded its 2023-24 pre-tax profit forecast from £5m to £5.4m. That is equivalent to 4.4p/share. The smaller company finance provider increased its gross loan book to £180m. Arrears have remained flat. The share price improved 8.62% to 31.5p, which is a new 2023 high.

Panthera Resources (LON: PAT) is preparing to deliver a notice of dispute relating to the expropriation of the Bhukia gold assets in Rajasthan by the end of this year. This will be followed by a notice of arbitration early next year with an independent tribunal set up within two months. Panthera Resources is entitled to fair and equitable compensation. The share price recovered 2.04% to 6.25p.
FALLERS

Myanmar Investments (LON: MIL) is asking for shareholder approval to cancel trading on AIM. In 2019, the company took the decision to wind down its investment portfolio and political conditions in Myanmar are unfavourable, which is hampering realisations. There was $476,000 in the bank at the beginning of this week and management wants to conserve as much cash as possible. Leaving AIM will save $115,000/year. The share price fell 27.3% to 4 cents.

Antibody discovery company Fusion Antibodies (LON: FAB) is still facing tough trading conditions and interim revenues will be lower than expected. There are delays in drug development programmes, plus technical problems with some projects. Potential work is growing as Fusion Antibodies broadens the potential market for its antibodies. There are discussion relating to a collaboration on the company’s OptiMAL platform. Cost cutting means management still believes there will be enough cash to last until next November. The share price slumped 22.9% to 3.95p.

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Landore Resources (LON: LND) is raising £2.96m at 6.5p/unit – one share and one warrant exercisable at the equivalent of 1p. The cash is being raised to increase working capital to enable a listing on the TSX-V. The share price dipped 16.5% to 6.35p.

Argentex (LON: AGFX) finance director Jo Stent has resigned, although she is working out her notice. This follows the appointment of Jim Ormonde as interim chief executive. He replaced previous chief executive Harry Adams, who is the second largest shareholder in the payments company with 12.3%. The share price continues to decline with a further fall of  17.1% to 65.5p, taking it to an all-time low.

Ex-dividends

Anpario (LON: ANP) is paying an interim dividend of 3.2p/share and the share price is down 1.5p to 231p.

Burford Capital (LON: BUR) is paying an interim dividend of 5.08p/share and the share price is 2p lower at 310p.

Bioventix (LON: BVXP) is paying a final dividend of 90p/share and the share price slid 75p to 3625p.

Beximco Pharmaceuticals (LON: BXP) is paying a final dividend of 3.17 cents/share and the share price is unchanged at 39p.

Catalyst Media Group (LON: CMX) is paying a dividend of 27p/share and the share price fell 42.5p to 115p.

Greencoat Renewables (LON: GRP) is paying a dividend of 1.6 cents/share and the share price dipped 2.8 cents to 89.6 cents.

London Security (LON: LSC) is paying an interim dividend of 82p/share and the share price is unchanged at 3050p.

Touchstar (LON: TST) is paying an interim dividend of 1p/share and the share price is unchanged at 95p.

Warpaint London (LON: W7L) is paying an interim dividend of 3p/share and the share price

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