9th May 2023 10:04
(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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Hostelworld Group PLC, up 8.3% at 140.26 pence, 12-month range 66.48p-157.80p. The hostel booking company notes a strong start to 2023, with bookings in many key destinations above 2019 levels. Hostelworld says that the Asian market has recovered strongly as Covid-19 related restrictions have been lifted. Bed prices are ahead of 2019 levels reflecting, in part, a lower level of inventory supply but primarily driven by strong demand. This has resulted in record level of revenue in the first quarter of 2023. It now expects bookings and revenue to grow by 30% over 2022 and adjusted earnings before interest, tax, depreciation and amortisation to be in the range of EUR16.5 million to EUR17 million for the full year.
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SMALL-CAP - LOSERS
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Motorpoint Group PLC, down 3.3% at 130.50p, 12-month range 125.61p-243.80p. The second-hand car retailer stock falls, after slow start to the year. In the year-to-date the stock is down 9.7%. Over the past 12-months it has shed 45%.
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Civitas Social Housing PLC, down 2.2% at 54.20p, 12-month range 51.07p-86.18p. The healthcare real estate investment trust says its net asset value per share fell by 1.6% to 109.16p in the quarter to March 31, from 110.93p on December 31. Civitas says the fall reflects light widening of valuation yields and mark-to-market movements of financial swaps/caps on debt facilities. Also declares a dividend of 1.425p, which is in line with its full-year target of at least 5.70p, up from 5.55p a year ago.
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By Sophie Rose, Alliance News reporter
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