AIM WINNERS & LOSERS: Cornerstone FS to beat 2023 expectations

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on ...

Alliance News 4 December, 2023 | 10:23AM
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(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Cornerstone FS PLC, up 26% at 14.48 pence, 12-month range 5.30p-18.50p. The cloud-based payment services provider predicts 2023 adjusted earnings before interest, tax, depreciation and amortisation "materially above current market expectations". "I am pleased to be able to report that we are continuing to experience excellent trading momentum. This reflects the actions that we have taken during the year to enhance our sales team and expand our offer, such as by broadening the range of currencies and countries where we can transact," Chief Executive Officer James Hickman said.

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Deltex Medical Group PLC, up 19% at 0.18 pence, 12-month range 0.14p-1.60p. The maker of blood circulation monitoring systems says testing of its TrueVue monitor "has gone to plan" in recent months. "The first in market sale of the new TrueVue monitor was completed at the end of November 2023. In addition, the company has received initial orders for new TrueVue monitors, which it expects to fulfil over the coming months," Deltex adds.

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AIM - LOSERS

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Fusion Antibodies PLC, down 25% at 4.38p, 12-month range 3.02p-70.00p. The contract research organisation, providing discovery, design and optimisation services for therapeutic antibodies to the healthcare market, reports weaker half-year earnings. Revenue falls to GBP541,000 in the six months to September 30, from GBP1.9 million a year prior. Its pretax loss widens to GBP1.4 million from GBP1.3 million. However, Fusion Antibodies is "confident" that its growth prospects are "increasingly positive", noting that it expects full-year revenue to be "significant weighted towards" the second half of the year ending on March 31.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Cornerstone FS PLC 30.50 GBX 0.00 -
Deltex Medical Group PLC 0.12 GBX 0.00 -
Fusion Antibodies PLC Ordinary Shares 3.85 GBX -3.75 -

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