AIM movers: Cordel hit by rail delays and Sancus Lending profit boost

Sancus Lending (LON: LEND) shares jumped 362.5% to 1.8p on an unexpectedly strong trading performance in 2025. The finance provider increased revenues by one-third to £22.1m and a 2025 pre-tax profit of more than £1m is estimated, although that includes gains of £2.6m from repurchasing ZDPs. New lending facilities nearly doubled to £212m and total loans were one-third higher at £317m.

Late on Tuesday, Mind Gym (LON: MIND) admitted that it is in discussions with third parties as part of a strategic review that could lead to a bid for the education and training company. The share price rebounded 20.8% to 14.5p.

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Medical technology developer Inspiration Healthcare (LON: IHC) says US subsidiary Airon has secured a three-year purchasing agreement with a US healthcare provider. The initial order is 150 critical care ventilators and then there will be consumables and services revenues. This is part of a strategy to grow in the US. The share price increased 13% to 15.25p.

Spirits brands owner Distil (LON: DIS) is appointing Philip Naughton as a non-executive director at the beginning of February. He has experience in finance and compliance and believes he can help Distil to scale its business. The share price rose 8.7% to 0.125p.

FALLERS

Rail infrastructure inspection technology services provider Cordel (LON: CRDL) was hit by delays in the first half. Interim revenues fell from £2.28m to £1.73m and the loss increased. Cash was £1.02m at the end of 2025. Cordel has been winning contracts, but the spending did not occur in the first half. Opportunities are increasing and management believes that business will come through in the six months to June 2026. Edison still expects full year revenues to improve from £4.8m to £6.2m enabling breakeven. However, the market is cautious, and the share price dived 24% to 4.75p.

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Great Western Mining (LON: GWMO) has revealed the results of the geographical survey and the assay results of a drilling programme at Rhyolite Dome, which is part of the Olympic gold project in Nevada. The survey identified a deeper untested chargeable feature at more than 300 metres in depth. The drilling found low grade gold and more significant silver mineralisation. The geological model will be refined. The share price declined 14.7% to 1.45p.

Rosslyn Data Technologies (LON: RDT) edged up interim revenues from £1.4m to £1.5m and improved gross margins. Higher overheads meant that the pre-tax loss was flat at £1.48m. The cash burn rate is being reduced from £175,000/month to £110,000/month, which should reduce the full year loss. Cash was £684,000 at the end of October 2025, which may mean more cash will be required before the software company becomes cash generative next year. There have been delays to securing contracts. The share price slipped 11.4% to 3.1p.

CT Automotive (LON: CTA) finance director Dalman Mohammed has resigned. The board expects the automotive interiors company to report revenues in line with expectations and net debt of $7.7m. The share price fell 15.5% to 24.5p.

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