16th Mar 2023 10:32
(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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Ediston Property Investment Co PLC, up 6.0% at 64.85 pence, 12-month range 58.60p-82.80p. The company says it will undertake a strategic review and has a preference for achieving a merger with another real estate investment trust. It will consider "all options" for shareholder value, however.
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SMALL-CAP - LOSERS
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Gym Group PLC, down 21% at 93.70p, 12-month range 91.40p-223.68p. The low-cost gym chain operator warns it will take longer than thought for conditions to normalise after the Covid-19 pandemic. In addition, it says it has seen an "uneven" start to 2023. Membership numbers improve 8.4% from year-end to 890,000 at the end of February. That growth has slows from 15% this time last year, however. Earnings for 2022 improve, with revenue 63% higher at GBP172.9 million from GBP106.0 million. Its pretax loss narrows to GBP19.4 million from GBP44.2 million.
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DFS Furniture PLC, down 2.9% at 129.20p, 12-month range 101.00p-235.48p. The furniture seller says revenue in the six months to December 25 slips 2.2% to GBP544.5 million from GBP556.5 million a year earlier. Pretax profit drops 70% year-on-year to GBP6.8 million from GBP22.8 million. For the full-year, it expects pretax profit before brand amortisation in the range of GBP30 million and GBP35 million, which would be in line with consensus but at the lower end of previous guidance.
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By Eric Cunha, Alliance News news editor
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