Aferian, up 15.4%, in its trading update for the year ended 30 November 2024, announced that it expects annual FY24 revenue of around $26m including a second-half revenue growth of approximately 13% compared to H1 2024. Additionally, its EBITDA in 2H24 stood at around $2.0m compared to an adjusted EBITDA loss of $2.4m in 1H24. A material reduction of $2.4m in net debt on 30 November 2024 to $12.5m (31 May 2024: $14.9m). Separately, the company announced that it appointed Zeus Capital Limited (Zeus) as its Nominated Adviser and Broker effective immediately.
Cambridge Cognition Holdings, up 12.7%, in its trading update for the year ending 31 December 2024, announced that it expects revenue for the year ending 31 December 2024 to be not less than £10.0m (2023: £13.5m) and adjusted EBITDA close to breakeven (2023: adjusted EBITDA loss of £1.0m). The order book is expected to continue to rise through to the end of the year to around £13.5m, with at least £6.5m of this expected to be recognised in revenue in 2025. Moreover, the company expects its cash to be around £1m at the year-end and is expected to increase more during 2025. On the outlook front, the board expects 2025 will show a significant uplift in revenues compared with 2024 together with a sustainable profitable EBITDA.
Tristel, up 6.8%, today announced that it will hold its annual general meeting (AGM) on 16 December 2024 at 11am at its headquarters, Unit 1b Lynx Business Park, Fordham Road Snailwell, Newmarket, Cambridgeshire, CB8 7NY.
Dialight, up 3.5%, announced that it has appointed Mark Fryer as its interim Chief Financial Officer and Executive Director of the group, with effect from 06 January 2025.
Creightons, up 1.4%, announced the resignation of Mr William McIlroy as the Director of the company with immediate effect.
Oracle Power, down 25.0%, announced the submission of a Mining Lease (M25/389) application to the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) at the Northern Zone Intrusive Hosted Gold Project. The mining lease application can take more than 12 months and in this time the company intends to focus on more drilling to develop the Project before proceeding with a maiden mineral resource estimate.
Xaar, down 6.6%, announced that it would release its trading update for the year ended 31 December 2024 on 15 January 2025.
UK markets ended lower last week, following dismal Britain’s GDP data. On the data front, the UK gross domestic product contracted for the second consecutive month in October. Additionally, the UK industrial production unexpectedly dropped in October, while the nation’s manufacturing production unexpectedly fell in October. On the flipside, the UK GfK consumer confidence index unexpectedly advanced in December, while the nation’s RICS house price balance index climbed more than expected in November. The FTSE 100 index declined 0.1% to settle at 8,300.3, while the FTSE AIM 100 index fell 0.9% to close at 3,568.2. Additionally, the FTSE techMARK 100 index lost 0.6% to end at 6,496.7.
US markets ended mixed in the previous week. On the macro front, the US consumer price index rose by the most in seven months in November, while the nation’s producer price index climbed more than expected in November. Meanwhile, the US weekly jobless claims unexpectedly advanced to a 2-month high in the week ended on 06 December 2024. The DJIA index fell 1.8% to end at 43,828.1, while the NASDAQ index gained 0.3% to close at 19,926.7.
