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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Creightons PLC, up 20% at 33.5 pence, 12-month range 18p-33.8p. The Peterborough, England-based beauty and wellbeing consumer goods manufacturer expects half-year pretax profit to be ‘notably higher’ on an annual basis, and says operating profit before exceptionals will surpass the prior year’s £1.5 million. Says this ‘healthy’ result is thanks to its ‘strategy of maintaining a tight control on costs, whilst aligning the overhead cost base with activity levels’ offsetting a ‘small reduction in revenue’.
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Regional REIT Ltd, up 1.8% at 125.4p, 12-month range 121p-353.5p. The Guernsey-based real estate investment trust says it ‘traded well’ and ‘made good progress’ in the third quarter, ‘completing a number of lease renewals’. Says retention remained high with 77.7% of rent roll-up for renewal remaining let. EPRA occupancy was 77.5% at September 30, down from 78.0% at June 30. Regional REIT is ‘now on a much stronger financial footing’ following a recent £110.5 million equity fundraise. It will use £28.4 million of the raise to reposition the portfolio for ‘enhancing earnings in the near term and value in the mid to long-term, further underpinning dividend payments going forward’.
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SMALL-CAP - LOSERS
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VPC Specialty Lending Investments PLC, down 8.0% at 36.35p, 12-month range 36.35p-73.8p. The Leeds, England-based investor in asset-backed loans to businesses declares an interim dividend of 1.34p per share, down from 2.00p the prior year. Also reports net asset value per share of 60.04p as of September 30, down from 67.44p at August 31. Reports total return of negative 9.97% for the quarter that ended September 30.
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