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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Hunting PLC, up 22% at 243.50 pence, 12-month range 185.4p-354p. The London-based energy services firm says trading in the first half was ahead of its expectations. Both revenue and operating profit are set to be ahead of its targets set at the beginning of the year. Increases guidance for earnings before interest, tax, depreciation and amortisation to $96 to $100 million, expecting $48 to $50 million in the first half. Hunting adds its sales order books in the first six months of the year were ‘robust across all product lines’, positioning the company with around $530 million and $550 million at June 30, compared to $473 million at December 31.
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SMALL-CAP - LOSERS
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Pod Point Group Holdings PLC, down 8.6% at 65.80p, 12-month range 46p-120.34p. The electric vehicle charging infrastructure provider reveals its Chief Executive Officer & Founder Erik Fairbairn is stepping down. Fairbairn is stepping down ‘to allow for new leadership as the company navigates the growing market for EVs in 2023 and beyond,’ it says. Senior Independent Director Andy Palmer steps up into an interim CEO role ‘to enhance operational performance and deliver sustained shareholder value for the group.’ Pod Point also said that Karen Myers will succeed Palmer as senior independent director on an interim basis. The firm will announce first-half results on July 31. The company says that Palmer will also outline actions to address challenging current market conditions and position Pod Point for long-term profitability.
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