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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FDM Group Holdings PLC, up 13% at 251.00 pence, 12-month range 216.00p-450.50p. Says it sees some ‘encouraging signs’ in its market, despite profit slumping in 2024 in line with expectations. Pretax profit declines 49% on-year to £28.1 million from £55.6 million, on revenue of £257.7 million, down 23% from £334.0 million. FDM cuts its final dividend by 34% to 12.5 pence per share from 19.0p, bringing the total dividend 38% lower at 22.5p, from 36.0p. ‘It remains difficult to predict the timing of a sustained recovery in our major end-markets, but the board remains confident that our business is well positioned to return to growth as and when conditions improve,’ says Chief Executive Officer Rod Flavell.
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Gulf Marine Services PLC, up 2.5% at 18.75 pence, 12-month range 14.80p-24.60p. Wins a new contract for an additional vessel in the Middle East with an unnamed ‘major’ regional client. The deal spans an initial term, including extensions, of seven months. The vessel will support a range of offshore operations. ‘This award underscores GMS’s ability to source and provide customised solutions to our clients and demonstrates our flexibility in meeting current as well as future demand’, says Chair Mansour Al Alami.
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SMALL-CAP - LOSERS
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Centaur Media PLC, down 2.3% at 26.38p, 12-month range 22.00p-53.00p. Swings to pretax loss of £8.5 million in 2024 from a £6.1 million profit the year before, as revenue falls 6.1% to £35.1 million from £37.3 million. The business consultancy group maintains a final dividend of 1.2 pence per share, leaving its total dividend unchanged on-year at 1.8p. ‘2024 was a difficult year for Centaur, due to the challenging macro-economic environment that faced some of our customers, driving caution and impacting marketing budgets,’ says Chair Martin Rowland. ‘Looking ahead, we have started the year conducting a review of Centaur’s business units and brands. We are focused on defining our future strategy and enhancing the reputation of the brands within Centaur to maximise shareholder value while remaining our customers’ partner of choice for business intelligence and learning in the marketing and legal sectors.’
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