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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Kerry Group PLC, up 4.7% at €91.56, 12-month range €83.00 - €111.90. The food company achieves record organic revenue growth of 18% in 222, against a backdrop of an ‘exceptionally dynamic’ operating environment. In 2022, pretax profit totals €845.2 million, up from €816.3 million the previous year. Revenue jumps to €8.77 billion from €7.35 billion in 2021. Says that the overall demand environment remained robust through the year. Declares a final dividend of €0.734, representing an increase of 10% against the prior year. Looking forward, Kerry expects to achieved between 3% and 7% adjusted earnings per share growth on a constant currency basis in 2023.
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Chill Brands Group PLC, up 3.9% at 4.00 pence, 12-month range 1.70p - 11.26p. The consumer packaged goods company says products from Mad Tasty, a US-based brand of hemp-infused drinks, are now available for purchase by US consumers on its website. In the coming weeks, Chill Brands and Mad Tasty will engage in various cross-promotional activities to drive engagement and sales. Chill Brands will earn commissions from all sales made on the site. The company has reached agreement with five additional brands and continues to negotiate with numerous others with a view to selling their products on its marketplace.
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SMALL-CAP - LOSERS
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Amigo Holdings PLC, down 7.5% at 3.10p, 12-month range 2.10p - 10.00p. Announces the date of a general meeting to be held on March 8. Says the main items on the agenda will be will be the company’s capital position and the steps it has taken, and are taking, to remedy this, namely through its ongoing capital raise process. Reminds shareholders that it has a responsibility to switch the business to an orderly wind-down under the scheme of arrangement if it does not expect the company will be able to complete the capital raise by May 26.
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Caracal Gold PLC, down 3.3% at 0.34p, 12-month range 0.24p - 1.25p. The East Africa-focused gold producer raises $1 million through the issue of secured convertible loan notes to Orca Capital GmbH. The proceeds have been drawn down, it adds. Orca Capital is granted an option to subscribe for up to a further $4 million of loan notes. Net proceeds will be used to fund general corporate requirements and the company’s working capital. Caracal says that Philoro Global Trading AG has confirmed its ongoing support for Caracal and Kilimapesa, adding that an agreement is expected ‘in due course’, which will provide short term funding as well as an extension to the existing financing announced in December.
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