The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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HydrogenOne Capital Growth PLC, up 7.3% at 41.00 pence, 12-month range 38.01p-64.00p. The fund, which invests in clean hydrogen companies, reports an increase in its net asset value in the first six months of 2024. Its NAV per share rises 0.6% to 103.60p from 102.99p in December. ‘The fundamentals of the clean hydrogen sector continued to strengthen, despite continued weak macroeconomic conditions. The investment adviser has tracked a 50% increase in green hydrogen production over the last year, and a 25% increase in investment in the sector so far this year, compared to all of 2023, underpinning further growth,’ the firm says.
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NCC Group PLC, up 3.0% at 172.60 pence, 12-month range 94.50p-173.00p. Shares climb again as sentiment towards the stock improves after a guidance boost on Thursday. The cybersecurity firm on Thursday raised its profit outlook, citing a healthy performance in its Cyber Security division. The Manchester-based cyber security company said that for the four months to September 30, it now expects adjusted operating profit of around £6 million, on revenue of £104 million. It had previously predicted profit of £3.5 million on revenue of around £100 million. It had suffered a $1 million loss a year prior.
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SMALL-CAP - LOSERS
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TT Electronics PLC, down 31% at 98.20p, 12-month range 89.20p-184.00p. The electronic component manufacturer reports a weak August after ‘operational efficiency issues in two North American sites’. It now expects revenue in the second half of 2024 to be ‘£15 million to £20 million lower than previously anticipated’. ‘The drop-through impact of the revenue shortfall and higher production costs are expected to impact the North American operating profit by £13 million to £18 million,’ TT Electronics warns. It now expects group adjusted operating profit for the year between £37 million and £42 million.
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