AIM movers: System1 momentum improves and Molecular Energies share price halved

Strong sales growth is being maintained at market research services provider System1 (LON: SYS1) and 2023-24 forecasts have been upgraded for the second month in a row. The pre-tax profit figure has been raised from £1.6m to £2.5m, while next year’s estimate has been increased from £2.2m to £3.5m. Operational gearing means that profit is growing faster than revenues. The share price rose 19.3% to 340p.

Flooring supplier AIREA (LON: AIEA) says sales continue to grow and it is winning business in export markets. Overall growth was in low double-digits. Two carbon neutral products have been launched. A £5m investment in the manufacturing facility in Ossett, West Yorkshire will be completed in 2025. The automation of processes will increase capacity. The share price is 16.3% higher at 28.5p.

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Legal service provider NAHL Group (LON: NAH) performed in line with expectations in 2023 and pre-tax profit is estimated to be around £1.5m. National Accident Law is maturing and cash generation increasing. Critical care remains the main profit generator and National Accident Helpline personal injury leads remain subdued. Debt is declining. Allenby forecasts a 2024 pre-tax profit of £4.2m. The share price increased 9.9% to 66.5p.

Animal feed additives supplier Anpario (LON: ANP) did much better than forecast in 2023. Even though the pre-tax profit forecast has been raised to £3.3m, it is still lower than the 2022 figure of £4.1m. Price increases and cuts in overheads improved profitability. Cash is £10.6m. The share price improved 5.21% to 252.5p.


Molecular Energies (LON: MEN) has raised £500,000 at 35p/share. The share price slumped 51% to 36p. The cash will finance ongoing activities while the spin-out of Green House Capital Group is progressing and the company awaits payments related to the disposal of the oil and gas assets in Argentina. So far, $500,000 out of $13m of debt has been repaid, while a $2m payment for the business is due in September. An exploration well is being drilled on the Pirity concession in Paraguay and management is seeking new opportunities.

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Sunrise Resources (LON: SRES) is still in discussions with potential partners for its CS pozzolan project and pozzolan demand is growing for blended cements. The talks are dragging on, though. There was a £385,000 cash outflow from operations by the end of September 2023. The share price dived 32.1% to 0.0475p.

Technology investment company Tern (LON: TERN) raised £400,000 at 2p/share, which is the current share price after a 30.4% fall. The cash will be reinvested in investee companies.

Film localisation services provider Zoo Digital (LON: ZOO) says that delays in film and television productions mean that there will be a higher than expected loss in 2023-24. This is because there was a slower than expected pick up in work after the writers’ strike ended. There should be an improvement in workflow after the end of the financial year. The share price is 26.7% lower at 42.5p, which is still above the low during the strike.

Revolution Bars Group (LON: RBG) interims were hit by reduced student spending at its eponymous bar chain, while costs are increasing. The Peach outlets are performing in line with expectations. Cavendish has cut full year revenues estimates from £174m to £150m. The loss is likely to be £5.8m and losses are set to continue for the following two years. Net debt is £20.3m and could reach £25.7m by the end of June 2024. The debt facilities total £30m and capital investment is likely to be reduced. The share price slipped 20.8% to 3.05p.

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