29th Mar 2022 10:24
(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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JPMorgan Russian Securities PLC, up 19% at 124.00 pence, 12-month range 76.00p-894.00p. The Russia-focused investor claws back some of the sharp losses its shares have suffered since the Russian invasion of Ukraine. The stock is on track to make gains in two successive trading days. This would be only the second time this happened since Russia invaded Ukraine on February 24. Shares in the company have fallen 78% since the invasion.
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Ten Entertainment Group PLC, up 7.3% at 266.00 pence, 12-month range 214.25p-285.01p. The ten-pin bowling firm says revenue in the year that ended December 26 jumped 86% to GBP67.5 million from GBP36.3 million. Sales are 20% lower than pre-virus times, however. The company achieved revenue of GBP84.1 million in 2020. Ten Entertainment swings to a pretax profit of GBP4.4 million from a GBP21.7 million loss. Peer Hollywood Bowl Group PLC rises 3.9% in a positive read-across.
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SMALL-CAP - LOSERS
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Lamprell PLC, down 4.2 at 28.70p, 12-month range 28.00p-68.80p. The engineering and contracting services provider, focused on the oil and gas industries, delays the publication of its 2021 results as it continues to look for potential financing and strategic options. The company explains its financing strategy includes additional equity, monetising assets and project specific financing, including small working capital facilities with Saudi banks and hybrid facilities.
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By Eric Cunha; [email protected]
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