25th Jan 2022 10:48
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
----------
SMALL-CAP - WINNERS
----------
REA Holdings PLC, up 2.7% at 131.90 pence, 12-month range 48.00p-166.00p. The palm-oil producer says fresh-fruit bunch production for 2021 fell short of that achieved in 2020, but Covid-19's effect on the company has remained limited. 2021 total fresh fruit bunch production down to 949,002 tonnes from 971,365 tonnes in 2020. Looking ahead it says: "The group's financial position is stronger than it has been for some years and should continue to be supported by crude palm oil and crude palm kernel oil prices that are expected to remain at levels which should generate healthy margins and by the commencement of loan repayments from the stone and coal concession holding companies as they gear up their activities."
----------
Marston's PLC, up 1.2% at 79.00p, 12-month range 63.75p-105.50p. The pub operator says the emergence of the Omicron variant and subsequent UK government guidance to work from home temporarily hurt consumer sentiment. For the 16-week period to January 22, like-for-like sales were down 3.9% compared to the same period in the 2019 financial year. Looking ahead, Marston's remains confident the strong trading momentum experienced prior will resume due to pent-up consumer demand.
----------
SMALL-CAP - LOSERS
----------
Amigo Holdings PLC, down 22% at 2.85p, 12-month range 2.25p-30.30p. The guarantor loans provider after the market close on Monday said Chief Financial Officer Mike Corcoran stepped down with immediate effect, though will support business through handover period. Amigo expects it will be able to announce his replacement in "near future". Corcoran's departure came as Amigo warned on Monday of insolvency if a new business scheme and equity raise are not approved.
----------
By Arvind Bhunjun; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
MarstonsR.e.a.hldgs.Amigo