17th Jan 2023 10:08
(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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National World PLC, up 24% at 22.96 pence, 12-month range 14.90p - 30.80p. Proposes a maiden dividend in conjunction with the release of its full-year results on March 16, thanks to its 2022 performance and a strong outlook. The Leeds-based multi-media company said it expects revenue in 2022 to be no less than GBP84.0 million. In 2021, revenue totalled GBP86.0 million. National World said the revenue performance was underpinned by robust digital revenue growth of 25% against the previous year. Full-year adjusted earnings before interest, tax, depreciation and amortisation is expected at no less than GBP9.4 million, which would be down from GBP10.1 million the year prior.
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Esken Ltd, up 6.0% at 5.51 pence, 12-month range 4.41p - 14.98p. The aviation and energy infrastructure firm announces a multi-year agreement with low-cost airline easyJet to operate from London Southend Airport. It explains the agreement allows easyJet to develop its network and capacity at London Southend Airport, including a newly announced route from London Southend to Amsterdam. This route will operate up to four times a week from May 24. It will be the fourth destination easyJet serves from London Southend. Esken says that easyJet also has announced up to an additional four flights a week to Faro, Portugal.
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SMALL-CAP - LOSERS
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Grand Vision Media Holdings PLC, down 27% at 3.99 pence, 12-month range 0.10p - 8.95p. The Hong Kong-based out-of-home advertising and digital marketing company notes the movement in its share price and confirms it knows of no commercial or operation reason for the change. Adds it continues to navigate through the disruption caused by Covid, which it notes have been more pronounced in China due to the lifting of restrictions. Firm is working towards finalising its full-year results which are due to be released before April 30.
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By Heather Rydings, Alliance News senior economics reporter
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