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SMALL-CAP WINNERS & LOSERS: Superdry snaps losing streak; Reach down

11th May 2023 11:02

(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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Ocean Wilsons Holdings Ltd, up 3.6% at 934.04 pence, 12-month range 795.00p-1,050.00p. The investment holding firm says its implied net asset value per share at the end of the first quarter stood at GBP17.81, down 5.2% from GBP18.78 in December. The implied NAV per share is based on the market value of operating subsidiaries Ocean Wilsons (Investments) Ltd, which holds a managed portfolio of investments, and maritime services firm Wilson Sons SA. Wilson Sa first-quarter revenue improves 8.3% on-year to USD109.8 million.

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Superdry PLC, up 2.2% at 78.72 pence, 12-month range 75.60p-184.40p. Shares in the retailer are set to snap a six-day losing streak, which saw shares slump 7.9%. Shares fell earlier this month in response to a GBP12 million fundraise.

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SMALL-CAP - LOSERS

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Reach PLC, down 7.3% at 78.30p, 12-month range 64.40p-128.00p. The newspaper publisher goes ex-dividend, meaning new shareholders do not qualify for the latest payout. Shares are down 18% year-to-date, including a sharp 26% share price fall on January 11 when it announced job cuts and warned on tumbling advertising revenue.

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By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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