25th Feb 2021 10:35
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Macfarlane Group PLC, up 9.8% at 93.77 pence, 12-month range 61p-113p. The Glasgow-based packaging firm reports 9.6% increase in 2020 pretax profit to GBP13.0 million from GBP11.9 million in 2019, on sales which grow 2.1% to GBP230.0 million. Says despite challenging market conditions due to the pandemic, results ahead of previous expectations. Proposes final dividend of 1.85p per share, amounting to a full-year payout of 2.55p versus just 0.69p the year before. Prior year payout knocked by the cancellation of the proposed final dividend of 1.76p per share as a "key" Covid-19 cash conservation measure.
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Clipper Logistics PLC, up 5.7% at 567.75p, 12-month range 130p-661p. The logistics firm unveils two major new contracts wins with retailers River Island and Mountain Warehouse. Together, these represent a "significant step change in activity levels" and will "enhance" earnings for the next financial year which starts on May 1. "Together, these two new contracts will increase revenue by over GBP40 million on a full-year basis, and will be immediately earnings-enhancing from go-live. As a result, the group expects to outperform current market expectations in the year to 30 April 2022 and beyond," says Clipper.
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Medica Group PLC, up 2.6% at 120.00p, 12-month range 88p-159.5p. Liberum starts the teleradiology services provider with a Buy rating. "Medica's new management team has made the right investments to take advantage of surging end-market demand and incredibly tight supply. This will allow it to deliver a 20% organic EPS CAGR to 2025," says Liberum.
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By Lucy Heming;Â [email protected]
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