Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

SMALL-CAP WINNERS & LOSERS: Kin & Carta climbs on profit beat

17th Aug 2023 09:45

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

----------

SMALL-CAP - WINNERS

----------

Kin & Carta PLC, up 15% at 72.8 pence, 12-month range 55.2p-253.5p. The business consultancy says adjusted operating profit in financial 2023 is expected to be between GBP17.9 million and GBP18.4 million, around 11% to 14% ahead of market expectations. Net revenue is likely to be in line with expectations at around GBP48 million in the final quarter. It expects net revenue growth to be flat in the year ended July 31 at around GBP192 million, in line with expectations. Enters financial 2024 with a "healthy backlog" and expected further sequential net revenue growth in its first quarter. Thursday marks a more positive day of trading for the stock, which is down 66% in the year-to-date.

----------

abdrn New Dawn Investment Trust PLC, up 4.8% at 260p, 12-month range 243p-303p. The board of the Asian-focused investment firm reiterates its support for the all-share merger with Asia Dragon Trust PLC. Also reports a net asset value return of minus 6.8% in the year to April 30, underperforming against compared to its benchmark of minus 5.2% from the MSCI All Countries Asia Pacific ex Japan Index (Sterling adjusted). Net asset value per share at the end of the year, including current year income, falls to 299.20p from 325.17p.

----------

SMALL-CAP - LOSERS

----------

Baillie Gifford European Growth Trust PLC, down 3.4% at 88.49p, 12-month range 73.5p-102.4p. Shares in the London-based investor in European securities fall as the stock goes ex-dividend.

----------

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest
Value7,554.47
Change40.75