22nd Aug 2022 10:28
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Bluefield Solar Income Fund Ltd, up 3.7% at 139.44 pence, 12-month range 118.75p-140.50p. The solar energy investment company says net asset value per share rises 10% to 140 pence at June 30 from 127.04p at the end of March. The uplift is mostly due to higher power price forecasts and higher inflation expectations, slightly offset by a rise in valuation discount rates, it explains.
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Cineworld Group PLC, up 3.8% at 4.21p, 12-month range 1.80p-85.16p. The embattled cinema chain confirms it is considering filing for Chapter 11 bankruptcy in the US, as it continues to battle with liquidity issues. On Friday, the Wall Street Journal reported that the London-based chain has engaged with lawyers from Kirkland & Ellis LLP and consultants from AlixPartners to advise Cineworld on its bankruptcy process. Cineworld also says it is in discussions with many of its major stakeholders including its secured lenders and their legal and financial advisers.
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NextEnergy Solar Fund Ltd, up 2.4% at 121.70p, 12-month range 97.60p-122.00p. The renewable energy investor reports rise in its quarterly net asset value, citing an "increase in power forecast assumptions" and hiking its payout in response. The company reports NAV per share of 121.7 pence on June 30. This represented a 7.2% increase against the 113.5p recorded three months earlier on March 31. The company declared an interim dividend of 1.88 pence per share for the quarter ended on June 30, up 5.0% from 1.79p a year prior.
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SMALL-CAP - LOSERS
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Gem Diamonds Ltd, down 3.7% at 37.55p, 12-month range 37.55p-76.40p. Petra Diamonds Ltd, down 2.7% at 98.24p, 12-month range 45.00p-139.0p. Liberum downgrades the diamond miners to 'hold' from 'buy'.
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By Arvind Bhunjun; [email protected]
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