9th Nov 2021 11:07
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
----------
SMALL-CAP - WINNERS
----------
Alfa Financial Software Holdings PLC, up 11% at 214.80 pence, 12-month range 112.50p-216.00p. The asset finance industry software provider says revenue increased in the third quarter and lifted its full-year revenue outlook again. Revenue in the third quarter was GBP20.0 million, up 25% from GBP16 million in the same quarter a year before. The company now expects to exceed its revenue estimates for 2021 by a further 3%. Revenue in 2020 came in at GBP78.9 million, up 22% from GBP64.5 million in 2019.
----------
Renewi PLC, up 11% at 812.00p, 12-month range 218.45p-812.00p. Shares in waste management services provider hit fresh 12-month high on robust interim results. For six months to September 30, revenue rises to EUR915.6 million from EUR821.4 million last year and pretax profit surges to EUR44.7 million from EUR4.4 million. "Following the strong performance in the first half and previous increased guidance expectations, the Board is further increasing its financial 2022 expectations, which assume a moderation of recyclate prices in the second half as well as a reduced throughput at [waste treatment plant] ATM," the company says.
----------
Argo Blockchain PLC, up 4.1% at 138.40p, 12-month range 7.30p-339.81p. The cryptocurrency miner was tracking the price of bitcoin higher. The world's oldest cryptocurrency hit a new record of USD68,513 on Tuesday as the combined value of all cryptocurrencies topped USD3 trillion, according to data provider CoinGecko.
----------
Petrofac Ltd, up 3.1% at 135.30p, 12-month range 90.66p-203.34p. Jefferies raises the oilfield services provider to Buy from Hold.
----------
By Arvind Bhunjun; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
PetrofacRenewi PlcAlfa FinArgo Blockchai.