15th May 2025 09:56
(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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Pharos Energy PLC, up 3.4% at 20.30 pence, 12-month range 17.50p-27.98p. The London-based energy company with assets in Vietnam and Egypt says it has had a "strong start" to 2025, with production in line with expectations. Group working interest production for the four months that ended April 30 totals 5,757 barrels of oil equivalent per day net, in line with 2025 production guidance for between 5,000 and 6,200 barrels. Revenue for the four-month period is at around USD45 million, Pharos added, against full-year revenue of USD136.0 million in 2024."We remain committed to our strategic priority to deliver growth, scale and attractive returns to shareholders, and believe the steps we are taking will drive meaningful production growth in 2026 and beyond," says Chief Executive Officer Katherine Roe.
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Regional REIT Ltd, up 1.2% at 116.60p, 12-month range 97.60p-179.40p. The London-based real estate investment trust delivers rent roll of GBP57.3 million in the first quarter that ended March 31, down 5.6% from GBP60.7 million the year before. Estimated rental value in the three-month period totals GBP83.0 million, against GBP83.2 million a year prior. EPRA occupancy by ERV stands at 78.8%, against 77.5%. The group declares a 2.50 pence per share dividend for the quarter, more than doubled from 1.20p in the first quarter of 2024. "There is an emerging supply and demand imbalance outside of London for high quality, sustainable office space that meets the needs of today's occupiers. Regional REIT is committed to addressing this gap," says Stephen Inglis, head of asset manager ESR Europe LSPIM Ltd. "This commitment gives us confidence that whilst market conditions continue to be challenging, with both occupational and investment markets remaining subdued, these challenges will subside allowing us to deliver future rental and capital growth for our shareholders."
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SMALL-CAP - LOSERS
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Eurocell PLC, down 8.8% at 144.62p, 12-month range 127.00p-191.00p. The manufacturer, recycler and distributor of window, door and roofline PVC products says trading conditions in its key markets have been mixed, with total group sales for the four months to April 30 rising 8% on-year. Excluding Alunet Ltd, however, group sales were level with the year before. Eurocell completed its acquisition of Alunet in March this year, which is comprised of aluminium systems house Alunet Sytems, timber door manufacturer Comp Door, aluminium garage door supplied JDUK and aluminium roller shutter garage door manufacturer UK Doors (Midlands). Eurocell continues to focus on further cost reduction and operational improvements, to "mitigate against the impact of delayed market recovery". The group expects adjusted pretax profit for its core businesses to show "nominal" on-year improvement, before any Alunet gains. Eurocell expects Alunet to deliver a net increase in the group's adjusted profit. The firm also expects to complete its ongoing buyback for up to GBP5 million within the second half of 2025.
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By Emily Parsons, Alliance News reporter
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Related Shares:
Pharos EnergyRegional ReitEurocell