The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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Gulf Marine Services PLC, down 7.4% at 15.20 pence, 12-month range 4.19p-15.44p. Shares in the provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors fall. Gulf Marine says adjusted earnings before interest, tax, depreciation and amortisation for 2023 will be about $86 million, having previously guided between $83 million and $86 million. Gulf Marine reconfirms its adjusted Ebitda guidance for 2024 at $87 million to $95 million.
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SMALL-CAP - LOSERS
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888 Holdings PLC, down 6.9% at 75.41p, 12-month range 50.50p-133.90p. The gambling firm says that revenue in the final quarter of 2024 fell 7.2% to £424 million from £457 million a year earlier. Full-year revenue drops 7.5% to £1.71 billion from £1.85 billion. ‘In FY23 the group made important strategic and operational progress in the face of some significant regulatory and compliance headwinds,’ Chief Exective Per Widerstrom comments.
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Synthomer PLC, down 4.4% at 128.42p, 12-month range 14.44p-301.37p. The chemicals manufacturer falls, after having its target price cut. UBS cuts Synthomer price target to 155p from 205p. It reiterated its ’neutral’ rating, though.
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