TOP NEWS: Elliott calls for
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LONDON MARKET CLOSE: Oil and retailers propel FTSE into new quarter
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AIM WINNERS & LOSERS: PHSC plans share buyback as earnings rise
Thu, 13th May 2021 10:29
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
AIM - WINNERS
PHSC PLC, up 21% at 17.00 pence, 12-month range 7p-19.9p. Hits this 12-month high earlier on Thursday. The health & safety consulting firm expects revenue of GBP3.3 million for year to March 31, down from GBP4.4 million the year before, but underlying earnings before interest, taxes, depreciation and amortisation expected to rise to GBP520,000 from GBP255,000. Starts share buyback programme worth GBP325,000. The company s board of directors has decided to effect the buyback programme, in part, due to the additional cash generated and held further to the successful disposal of the company s Essex property in late September 2018 for GBP305,000 gross and in light of the fact that PHSC s closing middle market share price as at May 12, being the latest practicable date prior to th