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SMALL-CAP WINNERS & LOSERS: Card Factory rises on positive trading

7th Aug 2023 09:51

(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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Card Factory PLC, up 15% at 102.23 pence, 12-month range 39.15p-117.00p. The greeting cards retailer says for the six months to July 31, trading has continued to be strong. It cautions that the macro backdrop continues to be uncertain, with much to be delivered over the rest of the year. "Nevertheless, given the strength of the performance in the first half, together with our current outlook for the second half, the board now expects the full year outturn to be materially ahead of its' previous expectations," it says.

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Pod Point Group Holdings PLC, up 12% at 33.50p, 12-month range 29.05p-118.60p. The electric vehicle charging infrastructure provider rises, after a poor start to 2023. In the year-to-date the stock is down 48%, whilst in the last 12 months the shares are down 70%.

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SMALL-CAP - LOSERS

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LSL Property Services PLC, down 14% at 243.00p, 12-month range 211.00p-359.00p. In the six months to June 30, the Newcastle, England-based estate agency says total revenue fell by 35% to around GBP104 million from GBP160.9 million a year prior, while underlying operating profit dropped by 75% to around GBP3.5 million from GBP14.2 million the year before, although still remained in line with expectations. Looking ahead, the company says mortgage lending in the second half of the year remains "highly uncertain", and expects lower levels of purchasing and remortgaging activity than previously expected. LSL adds that full-year profit will be lower than expected.

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By Sophie Rose, Alliance News reporter

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