18th Sep 2025 09:56
(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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Amigo Holdings PLC, up 49% at 0.41 pence, 12-month range 0.16p-0.79p. The firm says a scheme of arrangement has now been completed and it plans to appoint Grant Thornton as liquidators of its operating units and holding companies later this month. "At the time of the appointment of the liquidators, the board expects that there will be a residual pool of funds, which is too small to pay to scheme creditors, as the cost of making those payments is in excess of the funds available for distribution. Accordingly, these funds will be paid to Amigo and will provide working capital for the continued solvency of Amigo and to support the ongoing search for a suitable reverse takeover target," it adds. "On appointment of the liquidators to the companies, Amigo will cease to have any further operating activities or operations and will therefore be a cash shell and with no further liability under the scheme." Chief Executive Officer Nick Beal believes the scheme of arrangement can help it "draw a line under the past". "We remain hopeful that we can find a future for Amigo Holdings PLC, so that it can support the needs of a different business. Therefore, we are pleased that we will be able to continue (and hopefully successfully conclude) our discussion with reverse takeover targets for a few more months," Beal adds.
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Capricorn Energy PLC, up 9.3% at 220.24 pence, 12-month range 185.48p-341.77p. The energy producer, with assets in Egypt, hails a "solid operational performance" in the first half. Capricorn swings to a pretax loss from continuing operations of USD7.5 million for the first half of 2025, from profit of USD16.4 million a year prior. Revenue falls 26% to USD59.7 million from USD80.8 million. The average price per barrel of oil falls on-year to USD73.6 from USD78.6, it says. Capricorn hails an improved receivables position. "Reducing the Group's Egypt receivables position continues to be a key strategic priority," it says. The receivables position stood at USD172 million as at the end of the first half. It adds: "Since 30 June 2025, Capricorn has received USD37 million of the minimum USD90 million expected to be collected in H2. At 31 August 2025, overall accounts receivable had reduced to USD160 million, with further improvement expected by year end."
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SMALL-CAP - LOSERS
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Thungela Resources Ltd, down 2.6% at 370.98p, 12-month range 340.50p-615.00p. Shares in the producer and exporter of thermal coal go ex-dividend on Thursday, meaning new buyers do not qualify for the latest payout.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Capricorn Energy PLCThungela ResourcesAmigo