2nd Sep 2025 10:54
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Journeo PLC, up 6.3% at 445.00 pence, 12-month range 230.00p-448.25p. The Ashby-de-la-Zouch, Leicestershire-based provider of information systems and technical services to transport operators and local authorities completes the acquisition of Crime & Fire Defence Systems Ltd, an infrastructure protection systems integrator in physical and cyber security solutions to the UK Critical National Infrastructure, defence and utilities markets. Journeo will pay around GBP10.7 million cash for the business, plus GBP2 million in two equal deferred cash payments after 12 and 24 months after completion, and GBP1 million via the issue of new Journeo shares at 6.5p each. CFDS is expected to have more than GBP1 million in cash on completion. The business reported GBP1.4 million in pretax profit for its financial year that ended April 30, on revenue of GBP17.3 million. Journeo expects the acquisition to add GBP4 million in revenue and GBP400,000 in pretax profit to its full-year market expectations, which were previously set out at GBP52 million in revenue and GBP5.2 million in adjusted pretax profit. Journeo also expects the acquisition to grow financial 2026 revenue by GBP17 million and GBP1.4 million in adjusted pretax profit, above the current consensus for GBP55 million and GBP5.8 million respectively.
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Ecora Resources, up 4.0% at 76.35p, 12-month range 48.00p-77.30p. The critical minerals-focused royalty company with assets in North America, South America, Africa, Europe and Australia agrees to sell its wholly-owned subsidiary that holds a 2% net smelter return royalty over the development stage Dugbe gold project in Liberia. The sale will be made to a subsidiary of Elemental Altus Royalties Corp for up to a total of USD20.0 million, comprised of a USD16.5 million upfront cash payment, USD700,000 dependent on project construction beginning, and USD2.8 million upon commencement of commercial production. The deal is expected to close "in the coming days". Ecora bought the Dugbe royalty in 2012, which had a carrying value of USD5.9 million at December 31, 2024. "The transaction unlocks value from a development stage asset in a non-core commodity and will enable us to accelerate the group's deleveraging, as well as providing further flexibility to acquire cash generative royalties within our targeted commodity basket in time. The transaction highlights the substantial value within Ecora's wider royalty portfolio outside the core producing assets," says Chief Executive Officer Marc Bishop Lafleche.
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SMALL-CAP - LOSERS
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Oriole Resources PLC, down 13% at 0.41p, 12-month range 0.14p-0.64p. The West and Central Africa-focused gold exploration company says phase 1 drilling is now complete at its 90%-owned Mbe orogenic gold project in Cameroon, for 6,828.40 metres in 24 drill holes at the MB01-S target. Results for the remaining four holes in the programme are expected later this month, with the maiden pit-constrained JORC mineral resource estimate to be published "as soon as possible thereafter" in the fourth quarter of 2025, Oriole says. ""Completion of the phase 1 maiden drilling programme is an important milestone, and one which has been achieved by our dedicated field team working hard through the Cameroon wet season," says Chief Executive Officer Martin Rosser.
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By Emily Parsons, Alliance News reporter
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Related Shares:
JourneoEcora Res.Oriole Resources