5th Feb 2026 12:00
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Defence Holdings PLC, up 8.5% at 1.43 pence, 12-month range 4.90p-0.04p. The London-based defence technology firm appoints Andrew Roughan as chief executive officer from the end of March. The firm says Roughan has served as CEO of Plexal (City) Ltd since 2018. Plexal operates a workspace for technology start-ups in Stratford, east London. Defence Holdings notes that Plexal is an "innovation company working closely with government, defence and national security stakeholders", Defence Holdings says. "[Roughan] brings a rare combination of defence credibility, operational leadership and proven commercial execution across government-aligned technology environments," says Chief Technology Officer Andy McCartney.
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SMALL-CAP - LOSERS
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Ceiba Investments Ltd, down 16% at 26.00p, 12-month range 30.00p-21.50p. The investor in the Cuban commercial and tourism real estate sectors says that since the start of US President Donald Trump's second term, the US has intensified its "hard-line" policy towards Cuba, as the firm notes "severe headwinds" that is is facing. "The company believes these actions are much more consequential than previous restrictions placed on Cuba by the US and, unless relaxed, are potentially catastrophic for Cuba's infrastructure and economy," Ceiba Investments says. It adds that there is a "very high degree of uncertainty" regarding the continuing availability of fuel, electricity and other inputs necessary. "Consequently, this has a material impact on the prospects of the Cuban tourism industry in 2026 and therefore on the company's ability to operate its assets on a profitable basis in the short term," it adds.
Ceiba adds that during financial 2025 and into the current financial year, the operational results of all five hotels and the mixed-use complex in which it is invested "have remained relatively positive and profitable". However, it says aggregate income from operations over the period has been "substantially lower" than anticipated. Combined with the projected cash flows from the first quarter of 2026, Ceiba does not expect to be able to pay the full amount of the upcoming EUR5 million second principal tranche of its existing bond instrument at the end of March. It intends to consult with bondholders to defer the term of the instrument by 12 months.
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CVC Income & Growth Ltd, down 3.6% at 116.13p, 12-month range 125.00p-101.19p. The investor in senior secured loans and other sub-investment grade corporate credit goes ex-dividend on Thursday, meaning new buyers do not qualify for the payout of its 2.76p fourth quarter payout.
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By Michael Hennessey, Alliance News reporter
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