AIM movers: Microlise unscathed by cyber attack and Great Western Mining near to starting milling in Nevada

Telematics company Microlise Group (LON: SAAS) has bounced back from its cybersecurity problems. Although 2024 revenues of £81m were slightly lower than forecast, EBITDA was ahead of expectations at £11.3m. Exceptional costs relating to the cyber attack should be reclaimed via insurance. No customers were lost. Net cash was £11.4m at the end of 2024. Annualised recurring revenues of £56.6m underpins 62% of forecast 2025 revenues. The share price rebounded 26.6% to 116.5p, which is back to the level at the beginning of November.

Leisure and ticketing technology provider accesso Technology (LON: ACSO) says 2024 revenues will be in line with guidance at $152m. Excluding $3.3m of pass-through revenues that were ended, the growth is 4%. EBITDA margins will be above the 13%-14% guidance range at around 15%. Net cash was $28.7m at the end of 2024. The share price increased 11.3% to 533p.

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Employee benefits and insurance provider Personal Group Holdings (LON: PGH) revenues were slightly higher than expected at £43.8m (a 14% increase on 2023), while EBITDA of £9.9m was 6% ahead of forecast. Both the insurance and benefits divisions grew in double digits. Net cash was £27.4m at the end of 2024. Trading has been strong in the early weeks of 2025. The share price rose 10.6% to 192.5p.

Oil and gas developer Empyrean Energy (LON: EME) says the operator of the Wilson River 1 well, where Empyrean Energy has an interest, has agreed land access so that drilling can commence. The share price improved 5% to 0.105p.

FALLERS

Tertiary Minerals (LON: TYM) had £775,000 in cash at the end of September 2024. There should be results from the four holes drilled at the Brunton Pass copper/gold target in Nevada by the end of February. The Mukai joint venture with First Quantum has undertaken an initial scout drilling programme and results are due. The share price dipped 19.2% to 0.0525p.

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The state of Nevada has completed the inspection of the Western Milling joint venture project of Great Western Mining (LON: GWMO) and minor upgrades are required before production. This means that production should commence oon and start to generate cash for the joint venture. The inspectors also visited the OMCO mine site in the Olympic Gold project and there were no issues with the tailings heaps and stockpiles. The share price slid 10.3% to 0.0175p.

RBC has reduced its share price target for Jubilee Metals (LON: JLP) from 830p to 770p. The share price declined 4.65% to 4.1p.

Lords Group Trading (LON: LORD) says weak trading in the plumbing and heating division has offset progress in the builders’ merchant division. The 2024 pre-tax profit forecast has been cut from £6.4m to £4.3m. Additional National Insurance and wage costs of £1m have contributed to a 2025 forecast reduction from £8m to £4.7m. Cavendish is optimistic of a recovery in the second half of 2025. The share price is 2.94% lower at 29.7p. The shares are trading on 15 times forecast 2025 earnings.

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