AIM WINNERS & LOSERS: Sabien eyes freeport; Fulcrum order book down

Writer,

The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Sabien Technology Group PLC, up 6.2% at 24.15 pence, 12-month range 16.75p-35.75p. Confirms the UK and Welsh governments will supply funding and cooperate towards the creation of a new freeport in Wales. b.grn Group, in which Sabien holds a 33% interest, has been looking to secure a site on Anglesey to set up a waste-to-fuel operation, where the potential freeport could be established. A freeport is a type of port where normal tax and custom rules do not apply, meaning that imports can enter with simplified customs documentation and without paying tariffs. Both governments have committed to assess joint bids for the freeport status, asking that bidders must show they will create employment opportunities and meet climate change commitments to reach net zero by 2050.

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AIM - LOSERS

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Fulcrum Utility Services Ltd, down 20% at 7.25 pence, 12-month range 7.25p-34.91p. Indicates it was loss-making in the second half of its financial year. Expects to report adjusted revenue for the year ended March 31 of £57.4 million, representing year-on-year growth of 22%. However, it expects earnings before interest, tax, depreciation and amortisation of £500,000. This indicates it made a loss of £500,000 in the second half, after posting interim Ebitda of £1.0 million. Since the Sheffield-headquartered company's fundraise in December, it noted that the UK energy market has remained volatile. Amid a turbulent backdrop for the UK energy sector, Fulcrum expects the value of its order book to fall by 14% to £48 million at the end of March from £56.1 million a year ago. At the end of September 2021, its order book stood at £80.9 million.

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Condor Gold PLC, down 5.4% at 35.00 pence, 12-month range 28.00p-52.50p. Loss widens in the first three months of 2022, as focus turns towards a feasibility study for its La India project in Nicaragua. For the three months that ended on March 31, the mine developer reports no revenue, unchanged from a year earlier. Condor's pretax loss widens to £667,879 from £512,518 a year prior. Administrative expenses were 30% higher year-on-year at £668,134.

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