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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PayPoint PLC, up 8.5% at 615.00 pence, 12-month range 426.85p-615.00p. Shares in the payment services provider rise. PayPoint reports that revenue in the year ended March 31 surged 83% to £306.4 million from £167.7 million a year earlier. Pretax profit rises 13% to £48.2 million from £42.6 million. Paypoint announces a final dividend of 19.2p, up from 18.6p. On the back of the results, PayPoint also announces a three-year share buyback programme. It plans to return at least £20 million to shareholders over the next 12 months. CEO Nick Wiles comments: ‘This has been another year of progress for PayPoint where we have delivered a robust financial performance and made further progress towards delivering £100 million Ebitda by the end of FY26. These results reflect both the resilience of our businesses and the transformation delivered over the past three years as we unlock further opportunities and growth across our four business divisions.’
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SMALL-CAP - LOSERS
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Motorpoint Group PLC, down 3.2% at 138.00p, 12-month range 70.80p-145.00p. The automotive retailer reports revenue of £1.09 billion in financial year ended March 31, down 25% from £1.44 billion a year earlier. Says fall was ‘influenced by market headwinds, stock mix and vehicle price deflation’. Pretax loss widens to £10.4 million from £300,000. Looking ahead, Motorpoint notes a ‘positive start’ to financial 2025. It says both April and May were profitable. ‘The past financial year was the most difficult in our history, with multiple negative headwinds in the macro environment such as rising borrowing costs and subdued customer demand, coupled with industry specific issues such as lower inventory and deflation,’ says CEO Mark Carpenter.
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