The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Card Factory PLC, up 2.9% at 46.72 pence, 12-month range 38.60p-67.32p. The greeting cards retailer reports a swing to half-year profit. Revenue in the six months to July 31 surges 69% to £198.0 million from £116.9 million a year earlier. It swings to a £14.3 million pretax profit, from a £6.5 million loss.
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SMALL-CAP - LOSERS
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Saga PLC, down 19% at 108.09p, 12-month range 101.10p-372.40p. The stock hits this 12-month low on Tuesday as it reports a swing to a sizeable half-year loss due to insurance-related impairments. The provider of insurance, cruises and package holidays to over 50s reports revenue growth, however. Revenue in the half-year to July 31 rises 65% to £258.3 million from £156.4 million. Saga posts a £257.5 million pretax loss, swinging from a £700,000 profit a year earlier. Saga said it booked a £269.0 million impairment of insurance goodwill. The hit is due to a weaker outlook for future motor and home margins.
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Medica Group PLC, down 11% at 133.00p, 12-month range 120.50p-179.50p. The provider of services such as x-ray and MRI scan analysis to hospitals warns on capacity constraints, despite strong half-year numbers. ‘For our Elective service, the challenge has been both the availability of existing radiologist capacity, as well as initiating sufficient additional capacity to meet strong demand,’ Medica says. The capacity issues mean revenue growth in the Elective arm, has been hindered into the summer. In the six months to June 30, revenue climbs 36% to £36.0 million from £26.4 million a year earlier. Pretax profit jumps 99% to £4.4 million from £2.2 million. Medica lifts its interim payout by 4.5% to 0.93p per share.
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