The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Capita PLC, up 7.3% at 24.65 pence, 12-month range 19.89p - 44.93p. Delivers adjusted revenue growth of 2.0% in the 11 months ended November 30, in line with full-year guidance. Chief Executive John Lewis says he is pleased with the progress made across the firm in the second half of the year. Notes ‘consistently good’ client service delivery and the wins of ‘important’ contract renewals and new work. Proceeds from the company’s ongoing disposal programme have helped reduce debt. Net debt as of June 30 is £289.3 million, pre-IFRS.
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Hyve Group PLC, up 1.3% at 71.03 pence, 12-month range 43.86p - 117.20p. Reports an ‘unrecognisable’ transformation in financial 2022 as revenue surges, though its loss widened. For the financial year that ended September 30, the London-based events organiser posts revenue of £122.5 million, jumping from £21.8 million the year before. Pretax loss widens to £31.0 million from £27.5 million. Hyve books an impairment loss in respect of trade receivables of £1.2 million, from a profit of £592,000 the year before. Declares no dividend for financial 2022, unchanged from a year prior.
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SMALL-CAP - LOSERS
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Real Estate Credit Investments Ltd, down 2.6% at 132.42 pence, 12-month range 115.50p - 159.42p. Reports net asset value per share at November 30 was £1.502, up from £1.490 per share at October 31. Explains the increase in NAV per share was due to interest income and positive mark-to-market adjustments. Investment portfolio valued at £481.7 million as at November 30.
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