25th Apr 2024 09:50
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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LSL Property Services PLC, up 3.7% at 280.00 pence, 12-month range 213.00p-304.00p. LSL, which services mortgage intermediaries and franchised estate agencies, sees its shares rise. Revenue in 2023 falls to GBP144.4 million from GBP217.5 million a year earlier. However, it swings to pretax profit of GBP4.9 million from a loss of GBP23.8 million. "The year-on-year movement is primarily due to the materially higher net exceptional cost in the prior period, and lower group underlying operating profit during 2023," LSL explains. Exceptional costs fall to GBP13.8 million from GBP48.3 million.
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Trifast PLC, up 2.5% at 80.16p, 12-month range 62.00p-97.62p. The industrial fastenings firm expects revenue and profitability for financial year ended March 31 to be marginally ahead of previous expectations. It says it has continued to focus on the Operational Improvement programme instigated in 2023, "to drive enhanced efficiency and productivity." Trifast adds: "Looking forward, the group continues to demonstrate operational and financial resilience in a challenging trading environment. With a strong balance sheet we continue to see significant scope to rebuild and invest in our future, therefore, we remain confident in the fundamentals of the business model over the medium-term."
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SMALL-CAP - LOSERS
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Wickes Group PLC, down 3.9% at 144.98p, 12-month range 116.39p-163.30p. The building supplies retailer shares fall, after slow start to 2024. In the year-to-date the stock is up just 1.6%. Over the last 12 months the stock is up 9.5%.
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By Sophie Rose, Alliance News senior reporter
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