6th Dec 2023 10:45
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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Ten Entertainment Group PLC, up 31% at 407.50 pence, 12-month range 239.00p-409.00p. The ten pin bowling operator agrees to a GBP287 million takeover from a vehicle indirectly owned by investment funds advised by Trive Capital Partners. Neon Buyer will pay 412.5 pence per Ten Entertainment share, a 33% premium to its 310p closing price on Tuesday. Peer Hollywood Bowl Group PLC rises 3.1% in a positive read across.
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abrdn Property Income Trust Ltd, up 2.4% at 49.85 pence, 12-month range 44.15p-73.38p. The company agrees to a series of rent reviews, "with significant increases in rent". In Bristol, a review at Kings Business Park lifts rent by 39% from previously passing rent. At the Opus 9 asset in Warrington, review ups rent by 58% from passing level. In Elliot Way, Birmingham, yearly rent has been lifted to GBP428,000, 52% above previous rent.
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SMALL-CAP - LOSERS
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Tharisa PLC, down 3.6% at 59.30p, 12-month range 51.95p-111.00p. The platinum miner guides for a sharp decline in earnings per share to a range of between 27 US cents and 28 cents for the financial year that ended September 30, from 53.8 cents a year earlier. This represents a dip of between 48% and 50%.
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By Eric Cunha, Alliance News news editor
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