15th Feb 2024 10:23
(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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EnQuest PLC, up 7.9% at 13.10 pence, 12-month range 11.17p-21.50p. The oil and gas producer with assets in the UK and Malaysia says its production in 2023 averaged 43,812 barrels of oil equivalent per day, in line with its 42,000 to 46,000 guidance range. "Building on this excellent operational performance and by remaining disciplined in our investment decisions, we have set the foundation for a pivot to growth during 2024. The group will provide an update on shareholder return plans when we announce our final audited results in March," Chief Executive Amjad Bseisu says.
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Superdry PLC, up 3.0% at 35.89 pence, 12-month range 14.26p-135.80p. The stock has surged 83% so far this month, though the retailer's future is still in doubt. Chief Executive Julian Dunkerton earlier in February confirmed that he is in discussions with potential financing partners. This could include a possible cash offer for the entire issued and to be issued share capital of the company, not already owned by him. "These discussions are at a preliminary stage and no decisions have been made," Superdry said. AJ Bell analyst Dan Coatsworth said on Wednesday: "It's common to see wild share price swings in these situations as traders try to second guess what might happen. The outcome doesn't always swing in their favour."
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XPS Pensions Group PLC, up 2.0% at 204.00 pence, 12-month range 147.00p-245.00p. The pensions consulting and administration services provider says "positive momentum" has continued into the new calendar year and it is confident of achieving results in line with expectations for the 12 months to March 31.
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SMALL-CAP - LOSERS
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TheWorks.co.uk PLC, down 1.0% at 25.74p, 12-month range 21.00p-42.00p. The arts and crafts retailer's shares return some of its 17% advance from Wednesday. Acquisition vehicle Kelso Group Holdings PLC said Wednesday its chief executive and chief financial officer have been appointed to the board of TheWorks. John Goold, Kelso's CEO and Mark Kirkland, its CFO, join TheWorks as non-executives. Kelso has a 5.1% stake in the TheWorks.
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By Eric Cunha, Alliance News news editor
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