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Filtronic PLC (FTC)
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AIM WINNERS & LOSERS: Filtronic wins SpaceX deal; Dekel rises
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
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AIM - WINNERS
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Filtronic PLC, up 12% at 103.50 pence, 12-month range 32.00p-107.00p. The firm lands a "significant new contract win" with SpaceX. Filtronic said the deal, worth GBP16.8 million, will be fulfilled in the current financial year, which runs to the end of May, and in the next. Filtronic is a designer and manufacturer of products for the aerospace, defence, telecoms infrastructure, and low earth orbit space markets. "The board is now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026," the firm adds.
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Dekel Agri-Vision PLC, up 9.8% at 1.29p, 12-month range 1.02p-1.70p. Its palm oil operation has a "strong start" to the year, as crude palm oil prices climbed in January. The West Africa-focused agricultural company says January crude palm oil revenue showed a "significant increase" compared to the same period last year. Sales volumes grow 14% in January to 2,667 tonnes from 2,336 tonnes in the previous year. The average price per tonne rises 35% to EUR994 from EUR737.
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AIM - LOSERS
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EnSilica PLC, down 10% at 44.00p, 12-month range 38.00p-75.00p. The chip maker of mixed signal application specific integrated circuits says in the six months to the end of November, revenue falls 3.0% to GBP9.3 million from GBP9.6 million in the previous year. its pretax loss stretches to GBP1.4 million from GBP309,000.
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By Eric Cunha, Alliance News news editor
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