9th Sep 2022 10:54
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Cineworld Group PLC, up 20% at 4.95 pence, 12-month range 1.80p-85.16p. Wins court approval for up to USD785 million of USD1.94 billion debtor-in-possession financing facility. Approval from the US Bankruptcy Court for "first day" relief relating to its Chapter 11 proceedings. The cinema operator says the financing facility is expected to offer sufficient liquidity to meet its ongoing obligations.
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Argo Blockchain PLC, up 13% at 39.00 pence, 12-month range 28.44p-175.00p. Enters into a hosting services agreement with an unnamed party. The blockchain technology will host and operate mining machines owned by the party at its Helios facility in Texas, US. The firm will provide up to 32 megawatts of power capacity to the facility. The agreement also includes a profit-sharing arrangement whereby Argo will receive 25% of the net profits generated from bitcoin mined by the hosted machines. In August, Argo mined 235 bitcoin, up from 219 in July.
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SMALL-CAP - LOSERS
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Fair Oaks Income Ltd, down 1.0% at USD0.48, 12-month range USD0.46-USD0.71. In the six months ended June 30, the investor in US and European collateralized loan obligations said its net asset value return per share was negative 5.3%, down from positive 17% in the same period a year prior. The firm declared an interim dividend of USD0.05 per share.
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By Heather Rydings; [email protected]
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CINE.LArgo Blockchai.Fair Oaks Inc21