AIM movers: Dotdigital share price recovery and Brighton Pier pleases

Dotdigital Group (LON: DOTD) has more than halved this year, but a positive trading statement led to a 26.9% rise in the share price to 97.8p. The email marketing company increased full year revenues by 8% to £62.8m, while operating profit and cash were better than expected. A new management team has been appointed in North America, which had been a disappointing performer. There is no change in the finnCap profit forecasts, though. It expects a small rise in pre-tax profit to £14.4m in 2022-23.

Leisure and entertainment company Brighton Pier Group (LON: PIER) beat expectations for the year to June 2022. The shares rose 6.1% to 52.5p, Adjusted EBITDA was £10.8m, which is higher than the previously upgraded forecast of £10.4m. Net debt fell from £13.3m to £6.1m. Pre-tax profit is expected to more than quadruple to £6.4m, although it was boosted by government support measures such as a temporary cut in VAT and business rate relief. The ending of the support and cost inflation means that the equivalent 2022-23 pre-tax profit is expected to fall to £4.4m on flat revenues. However, Brighton Pier intends to change its year end to December. There will be 12-month figures followed by 78-week results to December 2022.

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Mobile data computing services and technology provider Touchstar (LON: TST) increased first half revenues by 7% to £3.1m, with two-fifths of these revenues recurring. The order book is 75% ahead at £1.1m. Full year earnings could be 5.5p a share and net cash is expected to be £2.4m – at least one-third of the current market capitalisation. The share price rose 7.84% to 82.5p.

Kera Resources (LON: KRS) has undertaken a consolidation of 100 shares into one new share. The share price had already been declining, but today it is the worst performer with a 19.1% fall to 4.25p. The share price had been even lower.

Advance Energy (LON: ADV), where the share price has already fallen by nearly 98% this year, has fallen by a further 11.9% to 0.0925p following a fundraising that generated £425,000 at 0.085p a share. There are warrants attached to each new share that are exercisable at 0.13p a share. The cash will enable management to find a suitable reverse takeover candidate and fund due diligence.

Cyber security services and software provider Corero Network Security (LON: CNS) reported a 22% increase in order intake to $10.9m in the first half of 2022. Annualised recurring revenues are 21% ahead at $13.6m. Despite the strong interim trading statement, the shares were marked down by 8.6% to 10.15p.

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Investment company Limitless Earth (LON: LME) reported a loss of £412,000 for the year to January 2022, while NAV fell from £1.98m to £1.57m. That is well below the market capitalisation of £6.9m. The share price fell 14.3% to 9p.

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