23rd Nov 2021 11:33
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Schroder Real Estate Investment Trust Ltd, up 2.1% at 52.57 pence, 12-month range 35.50p-53.00p. Net asset value per share ends September 30 at 65.8 pence, up from 60.4p at March 31 and up from 58.0p at same point year before. NAV total return in first half was 11%, with underlying portfolio total return of 8.9% versus the MSCI Benchmark Index return of 7.7%. Value of property assets ends first half at GBP464.0 million, up 5.7% compared to GBP438.8 million at March 31. Declares interim dividend of 1.33p, up from 0.39p a year before.
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SMALL-CAP - LOSERS
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TT Electronics PLC, down 2.9% at 247.50 pence, 12-month range 198.50p-290.00p. Warns on supply chain blockages and guides for profit to be at the bottom end of market expectations. Revenue in the four months to October is 11% higher than the previous year on a constant currency basis and 8% higher on an organic basis. Says order intake continues to "run well ahead" of strongly growing revenue, with book to bill of 140%. As a result, order book is at record levels and provides "excellent visibility" into 2022. "Global supply chain constraints have continued in the second half and in some areas have tightened, principally impacting Power and Connectivity. The increased material and freight costs are being broadly offset by efficiencies and price management and supported by the self-help programme which continues to progress well, and we remain on track to deliver the anticipated run-rate benefits of GBP11 million to GBP12 million in 2023," company says. Guides for annual adjusted operating profit of about GBP35 million, at bottom end of market expectations between GBP35 million and GBP37 million.
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By Paul McGowan; [email protected]
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