3rd Mar 2022 11:04
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
Avation PLC, up 2.4% at 93.20 pence, 12-month range 83.00p-125.00p. The commercial passenger aircraft leasing company reports interim results against a backdrop of severe disruption caused by pandemic. For six months to December 31, generates revenue of USD57.9 million, down from USD61.3 million year before, but pretax loss narrows to USD15.9 million from USD60.5 million. Looking ahead, Avation sees more interest from airlines to buy or lease aircraft as pandemic subsides.
----------
Xaar PLC, up 1.0% at 208.00p, 12-month range 135.68p-260.00p. The inkjet printing technology provider acquires industrial ink management companies Megnajet Ltd and Technomation Ltd for a total amount of around GBP4 million. Post acquisition, it is intended that the businesses of Megnajet and Technomation will be merged, and the combined business will trade under the Megnajet name, Xaar says.
----------
SMALL-CAP - LOSERS
----------
Hunting PLC, down 2.3% at 233.50p, 12-month range 142.80p-297.00p. The energy services company's annual results hindered by reduction in activity in global oil and gas market from 2020 continuing. For 2021, posts pretax loss from operations of USD85.5 million, narrowed from USD223.0 million in 2020, on revenue of USD521.6 million, down from USD626.0 million. Says that while Covid-19-related operational issues have persisted into the first quarter, things are improving and it is well-positioned for a much-improved 2022.
----------
Galliford Try Holdings PLC, down 1.5% at 181.60p, 12-month range 118.30p-213.00p. The construction company suffers a first-half pretax loss, though it hikes dividend. For the six months that ended December 31, swings to pretax loss of GBP2.6 million from profit of GBP4.1 million a year before, on revenue of GBP594.0 million from GBP542 million. Attributes this to increased costsof sales and administrative expenses. Declares an interim dividend of 2.2p a share, up from 1.2p year prior.
----------
By Arvind Bhunjun; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
AvationHuntingGalliford TryXaar