24th Mar 2021 10:53
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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Amigo Holdings, up 14% at 14.62 pence, 12-month range 4.84p-35.59p. The guarantor loans provider says the UK Financial Conduct Authority notified the company late Tuesday it has no current plans to take further regulatory action against Amigo's compensation scheme, but reserves the right to change its position. Amigo says it welcomes the move ahead of its court hearing next week. Looking ahead, Amigo is seeing significant pent-up demand for loans from those who are unable to easily get credit from mainstream finance.
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BMO Private Equity Trust, up 8.2% at 328.80p, 12-month range 219.04p-415.36p. The trust says portfolio firm Dotmatics agrees to sell its Insightful Science arm. The transaction is expected to complete early in the second quarter. BMO Private Equity Trust says deal values its holding at GBP37.7 million compared to GBP9.5 million at the last valuation.
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Bloomsbury Publishing, up 286p, 12-month range 182.75p-327p. The book publisher raised its profit expectations for the second time this year following an unexpected surge in demand for books in February. Points to exceptional February trading in the Consumer division, for both Adult and Children's publishing, with Sarah J Maas' new novel, 'A Court of Silver Flames', a global bestseller, achieving number one in both the New York Times and The Times bestseller lists.
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SMALL-CAP - LOSERS
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Pendragon, down 4.9% at 17.50p, 12-month range 5.02p-19.08p. The car dealer says it swung into an underlying profit in 2020, but remains cautious over its prospects. Posts 2020 revenue of GBP2.92 billion, down 35% from GBP4.51 billion in 2019, swings to GBP8.2 million 2020 underlying pretax profit from GBP16.4 loss in 2019. Looking ahead, it remains "cautious" about short-term economic outlook.
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By Arvind Bhunjun; [email protected]
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