23rd Dec 2025 10:37
(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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Gulf Marine Services PLC, up 6.5% at 17.27 pence, 12-month range 14.44p-21.95p. The operator of self-propelled self-elevating support vessels for the offshore energy industry wins a contract spanning 985 days. It covers two of its largest vessels in Europe and will support offshore operations across the region. "Following this award, GMS's contracted backlog increases to USD540 million," it adds.
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Saga PLC, up 0.7% at 389.30p, 12-month range 108.28p-391.00p. Shares in the provider of travel and insurance services for people over 50 hit this 12-month high on Tuesday, as end of year burst for the shares continues. Saga shares are up roughly 50% over the past month and are on a seven-day winning streak.
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SMALL-CAP - LOSERS
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Videndum PLC, down 53% at 14.50p, 12-month range 13.05p-159.40p. Shares hit this 12-month low on Tuesday as the provider of broadcasting hardware and software says a planned refinancing will, if successful, see current shareholdings "very significantly diluted". Videndum says the main components of a refinancing proposal have now been agreed in-principle with the revolving credit facility lenders and its two largest shareholders. This comprises a firm placing, placing and open offer to raise around GBP70 million, backed by its two largest institutional shareholders and the exchange of GBP23 million of RCF debt for shares in Videndum for Polus Capital, a private credit lender. In addition, Videndum plans to repay GBP50 million of the group's existing revolving credit facility, with the balance of the RCF to be restructured. As a result of the refinancing, pro-forma net debt as at November 30 would have been around GBP52 million, including GBP26.5 million of finance leases, representing a reduction in net debt of more than GBP90 million.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Videndum PlcSaga