28th Oct 2024 10:15
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Gulf Marine Services PLC, up 3.2% at 19.04 pence, 12-month range 10.35p-24.60p. The provider of self-propelled and self-elevating support vessels for the offshore energy sector raises its yearly outlook. It now expects 2024 adjusted earnings before interest, tax, depreciation and amortisation in the range of USD96 million to USD101 million. For the first nine months of the year, revenue rises 11% to USD126.1 million from USD113.3 million. Its adjusted Ebitda increases 12% to USD76.1 million from USD67.7 million.
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SMALL-CAP - LOSERS
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Georgia Capital PLC, down 12% at 910.00p, 12-month range 830.00p-1,396.00p. The investor in domestic Georgian businesses falls amid political uncertainty in the nation. The Georgian opposition called for protests on Monday and the EU demanded an investigation into "irregularities" after a disputed legislative vote that showed a win for the ruling party, AFP reports. Bank of Georgia Group PLC falls 7.0%.
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EnQuest PLC, down 3.2% at 11.03p, 12-month range 9.95p-17.82p. The oil and gas company, with operations in the UK and Malaysia, tracks oil prices lower. Brent falls to around USD71 a barrel, as an Israeli attack on Iran did not hit the nation's oil infrastructure.
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By Eric Cunha, Alliance News news editor
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