The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
PensionBee Group PLC, up 2.1% at 159.00 pence, 12-month range 59.80p-172.00p. The London-based online pension provider celebrates a successful launch across the pond, after its US subsidiary, PensionBee Inc, registers with the US Securities and Exchange Commission as an investment adviser. Follows on from a strategic agreement with State Street Global Advisors, according to which PensionBee will deploy its online retirement proposition and proprietary technology for US customers. PensionBee aims to administer $20 billion to $25 billion in US Defined Contribution assets over the next decade, and expects to be profitable in the UK on an adjusted earnings before interest, tax, depreciation and amortisation basis for the full 2024 financial year.
----------
Pharos Energy PLC, up 1.0% at 24.75 pence, 12-month range 18.05p-25.90p. The oil and gas exploration and production company reports first half group working interest production of 5,851 barrels of oil equivalent per day net. Says that its working interest production guidance for the year as a whole remains unchanged at between 5,200 boepd and 6,500 boepd. Chief Executive Officer Katherine Roe says: ‘The positive macro environment in Egypt has seen a significant improvement in our receivables position with around $19 million received to date, substantially reducing our receivables balance. Further discussions continue regarding outstanding payments. The recent ratification of five petroleum agreements for onshore and offshore acreage further demonstrates the new Government’s commitment to our sector...In parallel, we remain focused on near-term drilling and finalisation of the licence extensions for TGT and CNV in Vietnam to enable us to prioritise future investment to deliver additional volumes.’
----------
SMALL-CAP - LOSERS
----------
Evoke PLC, down 8.9% at 78.65p, 12-month range 68.90p-297.60p. The betting and gaming firm posts a ‘broadly stable’ second quarter, with revenue of £431 million, and also reflected on the first half just gone. For the six months ended June 30, Evoke is expecting adjusted Ebitda to be £35 million to £40 million behind plan. However, it has a more positive outlook for revenue in the second half, with revenue growth expected to be in line with medium-term guidance of between 5% and 9%. Notes that marketing phasing is generally first half weighted, with marking costs expected to be between £35 million and £40 million lower in the second half.
----------
Copyright 2024 Alliance News Ltd. All Rights Reserved.
