27th Oct 2025 10:39
(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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Anemoi International Ltd, more than doubled to 1.90 pence, 12-month range 5.50p-0.34p. The holding company of wholly owned subsidiary ID4 proposes the acquisition of Trasna Solutions Technologies via a reverse takeover. Millstreet, Ireland-based Trasna specialises in semiconductor and mobile Internet of Things solutions. The acquisition for up to GBP150 million is payable entirely via the issue of new shares in Anemoi at 2 pence each, a rounded book value per share as at the end of June. Following the takeover, the consideration shares will represent about 95% of the share capital of the enlarged group. After the planned takeover, Anemoi plans to change its name to Trasna Technologies. Further, Anemoi will seek re-admission and trading of its shares on London's Main Market.
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Amigo Holdings PLC, up 49% at 0.45p, 12-month range 0.79p-0.16p. The former mid-cost credit provider, now in an orderly solvent wind-down, appoints Craig Ransley as a board consultant. The firm says Ransley will explore strategic options for Amigo to remain a listed company by "identifying and pursuing" a reverse takeover in the mining sector. Amigo says there is no guarantee a reverse takeover will be agreed. Under Ransley's agreement, Amigo has agreed that if he introduces to broker Clear Capital Markets, investors that agree to subscribe for a GBP1.5 million capital raise, it will pay him a fee of GBP200,000. He has agreed to use the fee to subscribe for 57 million new shares at an issue price of 0.35p each. Conditional on the fee share issuance completing, Amigo expects to appoint Ransley as a director with the title executive chair. "Craig has a strong history of building mining businesses that deliver value for investors, and we're excited to work with him as we look for a better outcome for shareholders - one that could help restore some value to them," says Chair Jonathan Roe.
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SMALL-CAP - LOSERS
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Rainbow Rare Earths Ltd, down 11% at 17.00p, 12-month range 27.50p-9.00p. The developer of the Phalaborwa rare earths project in South Africa and Uberaba project in Brazil says its pretax loss narrows to USD3.2 million in the 12 months to the end of June from USD4.3 million a year ago, with no revenue in either period. Administration expenses rise 7.3% to USD3.8 million from USD3.6 million. The firm reports a USD1.2 million change in fair value of a royalty financing liability, compared to none a year ago. "The year highlighted the vulnerabilities in the global [rare earth elements] supply chain, particularly following China's imposition of export controls in April 2025 on certain medium and heavy rare earth elements and the rare earth permanent magnets that contain them," notes Non-Executive Chair Adonis Pouroulis. "As we move forward, Rainbow Rare Earths remains committed to delivering value for our stakeholders while contributing to a more secure and sustainable global REE supply chain."
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Altona Rare Earths PLC, down 9.8% at 2.12p, 12-month range 2.76p-1.05p. The critical raw materials-focused explorer and developer says its pretax loss slimmed in the 2025 financial year, with no revenue in either period. The pretax loss narrows to GBP943,000 in the 12 months to the end of June from GBP1.7 million a year ago. Administrative expenses fall 19% to GBP789,000 from GBP971,000. "While capital markets remain difficult for junior exploration companies, we continue to take a disciplined and long-term approach," says Chair Simon Charles. The firm says its priorities are to advance the Monte Muambe site towards feasibility and progress the Sesana project to drill-ready status. Altona says it also aims to identify near-term opportunities that align with its focus on critical raw materials. Chair Charles decides to stand down and will not seek re-election at the upcoming annual meeting. He says: "It has been a privilege to serve as [chair], and I leave the company in the very experienced hands of Harvey Sinclair, who I am confident will continue to drive Altona forward on its growth journey."
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By Michael Hennessey, Alliance News reporter
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Related Shares:
Anemoi Interna.AmigoRainbow Rare EarthsAltona Rare Earths