(Alliance News) – The following stocks are the leading risers and fallers on AIM on Friday.
Blue Star Capital PLC, up 12% at 17.40p, 12-month range 2.00p-800.00p. The investing company with a focus on blockchain, esports and payments said SatoshiPay has now fully invested the GBP1.0 million secured loan facility provided by Blue Star, to grow its existing digital asset portfolio by around 72 Ether at an average price of EUR3,188 per token. SatoshiPay also buys 9.27 Coinbase wrapped bitcoin at an average price of EUR99,099 per token. cbBTC is a token backed 1:1 by bitcoin held by Coinbase, a US cryptocurrency exchange. “As previously announced, the treasury operations of SatoshiPay are intended to provide a dual benefit of holding digital assets and also providing a framework for SatoshiPay to build additional liquidity behind Vortex through DeFi applications,” says Blue Star Executive Chair Tony Fabrizi. “We look forward to reporting on the performance of SatoshiPay’s treasury operations as well as progress with Vortex in the coming months.”
Premier African Minerals Ltd, down 17% at 0.024 pence, 12-month range 0.010p-0.099p. The developer of RHA tungsten and Zulu lithium projects in Zimbabwe says the second phase of its plant test run at Zulu is progressing on schedule. “We continue to deal with optimisation and commissioning issues as would normally be expected and continue to see promising results with each step forward,” the company explains. It expects to make a final decision in the next week on how soon it should make the purchase of the secondary spodumene float section. Premier African Minerals adds that plans are “progressing” with two remaining plant issues needing longer-term solutions. These comprise the replacement of the original original equipment manufcturer supplied sorters that are “not fit for purpose” and completing the tantalum recovery circuit. The firm has had interest from “several” unnamed parties seeking to buy tantalum and potentially assisting with the cost of the circuit.
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Pennant International Group PLC, down 14% at 24.05p, 12-month range 20.00p-35.94p. The Cheltenham, England-based provider of systems support, technical services and training, focused on the defence sector, expects to report revenue of GBP4.5 million for the first half of 2025, down 39% from GBP7.4 million a year earlier. It anticipates a gross margin of 45%, against 48% a year before, and a widened adjusted pretax loss of GBP1.7 million from GBP400,000. As previously reported, Pennant expects full-year results to be second-half weighted, with the GenFly technology upgrade contract to contribute up to 15% of 2025 revenue. Contract negotiations with the UK Ministry of Defence continue, but Pennant notes it is now likely the MoD will push the contract’s award date into the fourth quarter or later. As a result, the board expects 2025 turnover will be “commensurately lower than market expectations”. “While it is disappointing that the GenFly contract will start later than expected, we will push to secure the award as soon as possible, while keeping focus on implementing our Auxilium strategy to achieve long-term growth in our software and services segments,” says Chief Executive Officer Phil Walker. “Indeed, it was pleasing to see the early fruits of these efforts in the achievement of record-level [annual recurring revenue] during the first half and we look forward to materially growing this number in 2026 and later years.” Contracted revenue for 2025 currently stands around GBP9 million, with ARR from Auxilium software products currently totalling GBP2.1 million. Pennant will release its interim results on September 16.
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