16th Jun 2025 10:41
(Alliance News) - The following stocks are the leading risers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Costain Group PLC, up 8.1% at 139 pence, 12-month range 77.8p-139p. The London-based construction and engineering company intends to launch a GBP10 million buyback programme, following the valuation of its defined benefit pension scheme, which is in surplus for a second consecutive year. Also, ahead of its half-year results, Costain confirms that trading remains in line with the board's expectations for 2025, saying: "The group retains a strong, high-quality forward work position that is more than four times annual revenue and is busy bidding further new work across all sectors." Adds that it is on track to meet its 4.5% adjusted operating margin run rate target during 2025. Also, Costain plans for its first-half dividend to be around 33% of the full-year dividend, and "has a target dividend cover of three times adjusted earnings, which provides headroom for further dividend growth". Chief Executive Alex Vaughan says: "Over the past three years we have executed on our strategic plans, improved the quality and size of the group's contract portfolio, delivered on our margin targets, significantly strengthened our net cash position and successfully refinanced our bank and bonding facilities, giving the group the financial strength and capability to support its future growth opportunities."
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Vp PLC, up 3.4% at 641p, 12-month range 480p-720p. The Harrogate, England-based equipment rental company has an initial 'buy' rating from Shore Capital, with a price target of 760 pence.
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Triad Group PLC, up 3.1% at 330p, 12-month range 254p-400p. The Godalming, England-based technology consultant declares a final dividend of 4p per share for the year ended March 31, unchanged annually, bringing the total dividend to 6p per share, also unchanged. Revenue for the year totals GBP21.4 million, up from GBP14.0 million the year before. Triad notes "increased consultancy business and the improved utilisation of permanent consultants" during the period. The company swings to earnings before interest, tax, depreciation and amortisation of GBP1.7 million, against a loss of GBP1.0 million. Also swings to pretax profit of GBP1.5 million from a GBP1.3 million loss. Basic earnings per share total 9.93p, against LPS of 6.10p. Looking ahead, Managing Director Adrian Leer comments: "The company is focused on building upon the platform created, with an emphasis on driving value from our impressive portfolio of clients whilst carefully targeting new business that maintains momentum. We have good visibility of future work for existing clients, with further recruitment underway to match demand."
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By Emma Curzon, Alliance News reporter
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