AIM WINNERS & LOSERS: Tavistock wins ruling; Touchstar revenue down
The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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Tavistock Investments PLC, up 24% at 4.40 pence, 12-month range 3.45p-6.4p. Says a court rules fully in its favour in ongoing litigation with Titan Wealth Services Ltd and Titan Asset Management Ltd, allowing it to expand counterclaims relating to alleged misuse of its model portfolio service and rejecting Titan’s attempts to strike out parts of the case. The court also orders Titan to pay Tavistock an interim £250,000 toward legal costs within 28 days. Tavistock says it continues to pursue its claims and to ‘vigorously’ defend the proceedings.
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Solid State PLC, up 5.0% at 157.5p, 12-month range 125p-208p. The electronics firm, which supplies components to customers in commercial, industrial and defence markets, sees shares rise as broker Berenberg starts coverage with a buy rating and a 240p price target.
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AIM - LOSERS
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Touchstar PLC, down 25% at 56.00p, 12-month range 57.5p-95p. The supplier of mobile data computing solutions and managed services to a variety of industrial sectors says full-year revenue for the year ending December 31, 2025 comes in below market expectations at around £6.7 million and down from £6.9 million in financial 2024. Says there is only a ‘small pretax trading profit’, as economic softness continues to weigh on customer ordering and short-term sales visibility. Pretax profit came in at £388,000 in financial 2024. The company says results are also affected by non-trading items, including around £200,000 of senior management restructuring costs and a £1.3 million impairment charge linked to a change in accounting treatment for software development costs from December. Despite lower profitability, Touchstar says its balance sheet remains ‘healthy’, with year-end cash expected to stay above £2 million.
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