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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Fuller, Smith & Turner PLC, up 1.8% at 698 pence, 12-month range 449.85p-720p. The London-based pub chain reports ‘particularly strong’ sales over the five-week Christmas and New Year period, rising 22% year-on-year. Over the 42 weeks to January 20, like-for-like sales rose 12%. ‘The business is in great shape. While we continue to see the impact of a challenging economic environment, we are positive about the future and confident of meeting market expectations for the full year,’ says Chief Executive Simon Emeny.
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SMALL-CAP - LOSERS
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Treatt PLC, down 4.8% at 473.23p, 12-month range 406.5p-731p. Ahead of its annual general meeting, the manufacturer and supplier of extracts and ingredients says revenue declined as expected in its first quarter - the three months to December 31. This reflects the impact of destocking, Treatt says, though it points to ‘encouraging signs’ that destocking trends are reversing. Consequently, Treatt expects customer demand to normalise somewhat in the second quarter.
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Capricorn Energy PLC, down 2.8% at 140.8p, 12-month range 103.04p-189p. The Egypt-focused energy producer says revenue in 2023 slips to $202 million from $229.6 million in 2022. Working interest annual production is 30,222 barrels of oil equivalent per day, down from 34,200 barrels in 2022. ‘Capricorn is working with its partner in Egypt to ensure the appropriate scale of rig fleet is deployed to enable effective exploitation of the asset base, in alignment with our strategic review commitments. At this time, drilling activity in Egypt is expected to be lower in 2024,’ it says.
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