29th Nov 2021 11:01
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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On the Beach Group PLC, up 5.5% at 219.5 pence, 12-month range 207.5p-517p. The beach holidays retailer regains some ground after falling 11% on Friday on fears that the new coronavirus variant, now known as Omicron, will hit the travel sector.
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AG Barr PLC, up 5.1% at 492p, 12-month range 459.71p-578.93p. Rises after lifting full-year outlook. The Cumbernauld, Scotland-headquartered Irn-Bru maker says positive trading has continued since its interim results, and sales have grown ahead of expectations, with strong performances in both its Barr Soft Drinks and Funkin cocktail business units. As a result of this, and despite cost pressures, AG Barr now expects revenue and pretax profit for the current financial year to be ahead of current market expectations. It now anticipates revenue of around GBP264 million and pretax profit of GBP41 million. This would be an improvement. For the financial year ended January 2021, AG Barr reported revenue of GBP227.0 million and pretax profit, before exceptional items, of GBP32.8 million.
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SMALL-CAP - LOSERS
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Amigo Holdings PLC, down 25% at 8.05p, 12-month range 5.26p-30.3p. Swings to interim profit, but warns that the sanctioning of a new scheme for addressing historic customer complaints has become "increasingly urgent". Posts pretax profit of GBP2.1 million for the six months ended September 30, swinging from a loss of GBP62.6 million the same period a year before. Amigo says the approval of a new scheme to address past complaints is subject to key milestones such as a second successful creditor vote and being sanctioned by the High Court. "At this point, the board does not consider there to be enough certainty to account for claims redress on the basis that a scheme will be sanctioned," the company says. In order to support its future business, Amigo will be proposing an equity raise.
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By Lucy Heming;Â [email protected]
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Related Shares:
On The BeachBarr (A.G.)Amigo