16th Nov 2022 11:10
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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Schroder Real Estate Investment Trust Ltd, up 2.4% at 46.16 pence, 12-month range 40.00p - 61.00p. In the six months ended September 30, posts a pretax profit of GBP2.7 million, down sharply from GBP33.2 million the previous year. Net rental and related income, including joint ventures, rises to GBP13.8 million from GBP12.9 million. Swings to a net unrealised valuation loss on investment of GBP3.7 million from a gain of GBP24.7 million a year prior. Net asset value per share at September 30 falls to 74.8 pence from 75.8 pence at March 31. Total return from firm's underlying portfolio over the half was 1.8%, compared with a negative return of 1.2% from the MSCI Benchmark Index.
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SMALL-CAP - LOSERS
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Senior PLC, down 1.4% at 119.30 pence, 12-month range 111.00p - 153.23p. Says trading performance in the ten-months ended October 31 were in-line with expectations, and as a result the component and systems manufacturer leaves its full-year outlook unchanged. Notes revenue in the period revenue 19% year-on-year on a constant currency basis, underpinned by "resilient core markets and a healthy order intake". Firm's order book is strong with a book-to-bill ratio of 1.28 in the ten-month period. Admits that supply chain and inflationary challenges will continue into 2023 but adds these are being "managed diligently."
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UP Global Sourcing Holdings PLC, down 4.4% at 140.50 pence, 12-month range 90.00p - 213.00p. Homeware brand owner announces its newly developed Salter Origins range of kitchenware has now launched exclusively in J Sainsbury PLC's stores across the UK. Expects a wider roll out across other retailer in 2023.
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By Heather Rydings; [email protected]
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