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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Gym Group PLC, up 7.6% at 131.95 pence, 12-month range 88.40p-134.00p. The gym operator says it has grown its membership, revenue and estate in the first six months of 2024. Revenue is 12% higher at £112.1 million from £99.8 million a year earlier. Its membership numbers stood at 905,000 as at June 30, rising from 867,000 a year prior and 850,000 on December 31. ‘In H1 2024, the group opened four new gyms taking the total to 237, and we are in the fit-out stage of the next four sites which will open shortly. We remain on track to open a total of 10-12 new gyms by the year end, as guided,’ Gym Group adds.
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Liontrust Asset Management PLC, up 2.8% at 620.99p, 12-month range 519.00p-865.00p. Reports a decline in assets under management and advice in the first-quarter of its financial year but is optimistic about its outlook. Liontrust says the recent UK election result should ‘herald a period of stability that will be positive for financial markets’. Assets under management and advice total £27.04 billion at the end of June, down 2.8% quarter-on-quarter. It reports net outflows of £923 million, though a positive market and investment performance to the tune of £139 million. Net outflows slowed from a chunkier £1.6 billion a year prior, Liontrust notes.
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SMALL-CAP - LOSERS
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Hostelworld Group PLC, down 5.6% at 153.00p, 12-month range 101.00p-173.50p. The online travel agent focused on hostel bookings backs its financial outlook. It reports a 9% rise in net booking in the six months to June 30, though the net average booking value declines 10%. Hostelworld expects adjusted earnings before interest, tax, depreciation and amortisation in line with market consensus for the whole of 2024. It puts consensus at €21.4 million.
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