AIM movers: Zinc Media momentum and Bens Creek selling

TV programmes producer Zinc Media (LON: ZIN) says 2022 revenues beat recently upgraded estimates through organic growth and a better than expected contribution from recent acquisition The Edge. That should mean that the loss should be lower than the £1.4m forecast. Zinc Media has already secured £15m of revenues for 2023, compared with the full year forecast of £35.7m. There is £3.8m of cash. The share price jumped 15.6% to 96.5p.

Smart building software provider Smartspace Software (LON: SMRT) increased revenues by 36% to £7m in 2022-23. The loss fell and the company should be near to breakeven this year. More than two-thirds of revenues are recurring. Workplace optimisation and customers trying to reduce costs should help Smartspace Software. There are opportunities to sell other services to existing customers. The share price improved 14.3% to 48p.

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Live Company Group (LON: LVCG) is creating a 50/50 joint venture with M Group, which will invest £630,000, called Live Company Japan KK. This will generate a licence fee of £100,000 for Live Company Group. The share price moved off its recent low by rising 13.5% to 2.1p.

Sportingbet founder Mark Blandford has joined online gaming company B90 Holdings (LON: B90) as a strategic adviser. Sportingbet started out on Ofex (now Aquis Stock Exchange) before moving to AIM in 2001 and then to the Main Market before being taken over by William Hill and GVC (Entain (LON: ENT)). Yesterday, £500,000 was raised via convertible loan note. The share price is 1.5% higher at 3.625p.

Further buying of shares by a director has helped the Unbound Group (LON: UBG) share price to recover. Non-exec Alastair Miller bought an initial 416,396 shares at 4.8p a share. Premier Miton previously cut its stake in the footwear retailer from 13.6% to 7.83%. The share price rose 9.37% to 5.25p.

Selling has hit coal miner Bens Creek (LON: BEN) shares There have been many trades worth between £100,000 and £900,000 at 18p a share and another worth £3.8m at 17.1p a share. The share price has slumped 18.8% to 19.5p.

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Morses Club (LON: MCL) shares continue to fall ahead of the cancellation of the AIM quotation on 13 February. Asset Match will provide a matched bargains facility for the shares. They slipped a further 17.8% to 0.3p and that is an all time low.

In 2022-23, the profit of Sanderson Design Group (LON: SDG) was in line with expectations, but cash is lower than forecast. The interior furnishings supplier grew licensing revenues by 23% and this will help it meet the pre-tax profit forecast of around £12.7m, even though overall revenues were slightly lower than expected. Net cash was £15.2m at the end of January 2023, because inventory remains high. The share price fell 7.6% to 121.5p.

Founder Richard Mays has stepped down as a non-executive director of Prospex Energy (LON: PXEN). He says he is still committed to the long-term prosperity of the oil and gas company. He owns 1.4 million shares having sold 1.34 million shares at 14p each during January for tax-related reasons. The share price is 2.78% lower at 17.5p.

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