1st Sep 2025 11:04
(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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SolGold PLC, up 4.5% at 15.70 pence, 12-month range 5.54p-16.51p. The Ecuador-focused exploration company is moving its tax domicile to Switzerland, and says Chief Executive Officer Dan Vujcic will relocate to Europe as part of this change. SolGold will continue to trade on the Main Market in London, but is "evaluating the merits of an additional listing". "As we advance Cascabel into development, we're not only simplifying and improving our execution plan but also our corporate structure with the express aim of unlocking substantial value for our shareholders," says CEO Vujcic. "Establishing our base in Switzerland creates a sizable uplift to post-tax cash flow over the life of mine of the asset, enhancing the financeability and overall economics of what is already a high-return proposition, one that I continue to believe is significantly undervalued compared to peers and precedents. I'm focussed on catalysts to rectify this."
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SMALL-CAP - LOSERS
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Hamak Gold Ltd, down 15% at 3.59p, 12-month range 0.36p-7.50p. The gold exploration firm with licences in Liberia reports a USD397,000 pretax loss for the six months that ended June 30, widening from USD306,000 a year earlier. This is due to administrative expenses increasing 5.9% to USD324,000 from USD306,000. "Alongside significant progress at Nimba, where drilling is now underway following our joint venture with [First Au Ltd], we have also launched a bitcoin treasury strategy, designed to strengthen and diversity our balance sheet," says Executive Chair Nick Thurlow. "These combined initiatives position the company for accelerated growth through the remainder of 2025, with the dual focus of our gold assets and new bitcoin treasury strategy to deliver value to Hamak Gold and its shareholders."
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Dialight PLC, down 5.6% at 204.00p, 12-month range 86.00p-275.64p. The industrial LED lighting company remains "confident" in meeting the company-compiled current market consensus of USD5.7 million in adjusted pretax profit for the year ending March 31, 2026. This would be a 9.5% decline from USD6.3 million in adjusted profit from operating activities before impairment losses of financial assets the year before. Dialight had recorded a statutory annual pretax loss of USD14.1 million. Year-to-date adjusted operating profit, to the end of August, is anticipated "strongly ahead" of the USD900,000 reported in the six months to September 30, 2024 and the USD3.2 million recorded for the six months to March 31 this year. This year-to-date figure includes a one-off USD1.4 million Covid credit from the US International Revenue Service. Dialight has benefitted from foreign exchange gains of around USD800,000 during the year so far. However, "demand trends and operating conditions in the group's end markets remain soft with sales marginally down on the comparative prior period due to tariff uncertainty, a softer macro-economic climate and the impact of this on the group's hazardous end market sectors," Dialight explains. "The group remains cautious on the sales outlook for the full financial year to 31 March, 2026 due to this continuing uncertainty."
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By Emily Parsons, Alliance News reporter
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Related Shares:
DialightHamak GoldSolGold