The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Ocean Wilsons Holdings Ltd, up 12% at 917.00 pence, 12-month range 795.00p-1,050.00p. The company confirms that it is undertaking a strategic review of 57%-owned subsidiary Wilson Sons, a maritime services provider in Brazil. Ocean Wilsons says the review, ‘which will consider all potential strategic options’, is at an early stage. The company adds there is no certainty as to its outcome.
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Capital Ltd, up 5.8% at 102.00 pence, 12-month range 75.00p-118.00p. The mining services company announces the award of a new services contract as well as an extension to its revolving credit facility to $50 million from $25 million. The contract is for earth moving and crushing services for Ivindo Iron SA, a company 72%-owned by Fortescue Metals Group Ltd, at its iron ore project in Gabon. The contract has a term of up to five years and will generate $30 million revenue per year once operational.
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AO World PLC, up 5.0% at 73.00 pence, 12-month range 37.22p-81.90p. High street retailer Frasers Group PLC buys a stake in online electricals retailer. The Sports Direct-owner buys a 19% stake in AO World through the purchase of 109.4 million shares at a price of 68 pence each, for a total investment of £75 million.
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SMALL-CAP - LOSERS
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Petrofac Ltd, down 1.9% at 72.60 pence, 12-month range 45.38p-137.50p. The company signs a definitive engineering, procurement and construction agreement with Sonatrach Spa subsidiary STEP Polymers Spa, for the construction of a petrochemical complex in the Arzew industrial zone in Algeria. Petrofac is a London-headquartered company which designs, builds, manages and maintains energy infrastructure and has its core markets in the Middle East and North Africa region. Sonatrach is Algeria’s national state-owned oil company. Petrofac says it will deliver the $1.5 billion project with its joint venture partner China Huanqiu Contracting & Engineering Corp, with Petrofac’s share worth over $1 billion.
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