29th Sep 2025 10:27
(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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Capita PLC, up 17% at 306.50 pence, 12-month range 358.50p-168.00p. The London-based outsourcing company for business services rises as Canaccord starts coverage of the stock with a 'buy' rating and a 900p price target.
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East Star Resources PLC, up 10% at 1.98p, 12-month range 2.10p-0.81p. The Kazakhstan-focused copper explorer and resource developer swings to a pretax loss of GBP756,000 in the six months to the end of June from a profit of GBP9,000 a year ago. The firm reports no revenue, unchanged from the prior year. Administrative expenses rise 25% to GBP291,000 from GBP232,000 while the foreign exchange loss multiplies to GBP435,000 from GBP131,000. The firm says the first half of the year has been characterised by "technical progress" across exploration strategies, which culminated in the restart of drilling in the East Region to test the Rulikha and Talovskoye geophysical anomalies. It says the focus for the second half of the year will be on delivering results from these drill programmes, updating resource and exploration models and planning 2026 drilling. "With copper supply deficits forecast to deepen in the medium term, gold trading at record highs, and Kazakhstan offering one of the world's most prospective but underexplored jurisdictions, we believe East Star is exceptionally well placed to deliver returns through discovery and resource development," says Non-Executive Chair Sandy Barblett.
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SMALL-CAP - LOSERS
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abrdn European Logistics Income PLC, down 2.8% at 32.90p, 12-month range 65.75p-32.00p. The investment trust, which buys and sells European warehouse properties, says its net asset value per share at the end of June was 81.2 euro cents, down 11% from 90.8 cents at the end of December. The net asset value total return for the period is negative 3.4%, compared to positive 0.9% during the 2024 calendar year. "The managed wind-down continues with the objective of realising all portfolio assets, repaying borrowings, and returning capital to shareholders in a timely manner, while seeking to achieve the best available value on each disposal," says Chair Tony Roper. Looking ahead, Chair Roper says: "While content with the progress of the managed wind down to date, the board recognises that softer valuations and limited competitive tension in certain markets where we are active sellers may very well affect disposal timing and pricing negatively. The board and the investment manager will continue to balance the best achievable value with ongoing operating costs and any further unplanned capital expenditure required to support disposals, while maintaining a focus on speed of capital return." The company says it is committed to completing sales and entering liquidation by the second quarter of 2026.
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By Michael Hennessey, Alliance News reporter
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Related Shares:
CapitaEast Star ResoAbrdn Euro Log