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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Marston’s PLC, up 7.7% at 44.00 pence, 12-month range 33.38p-85p. The Wolverhampton, England-based pub chain says like-for-like sales in the 16-week period to Saturday of last week were 13% ahead of the previous year. The company left its earnings guidance unchanged. ‘Whilst we still have certain cost challenges to navigate in 2023, we are well-positioned to continue to progress our strategy and are encouraged by the level of consumer resilience experienced to date,’ says Chief Executive Officer Andrew Andrea.
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Saga PLC, up 5.7% at 161.06p, 12-month range 71.1p-329.6p. The over-50s travel operator remains on track to report underlying pretax profit between £20 million and £30 million in financial year to January 23, in line with previous guidance. Says revenue is expected to be between 40% and 50% ahead of the prior year, driven by continued cruise and travel recovery following the pandemic. In financial 2022, Saga reported an underlying pretax loss of £6.7 million and revenue of £377.2 million. ‘Saga continued to demonstrate progress in the second half of the year, delivering a trading performance which is broadly in line with expectations,’ says CEO Euan Sutherland.
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SMALL-CAP - LOSERS
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Henry Boot PLC, down 4.5% at 235.00p, 12-month range 225p-349p. The property developer predicts a slight miss on annual pretax profit, due to a fall in UK commercial property valuations. Says market expectations for 2022 pretax profit are currently £48.1 million. In 2021, the company reported pretax profit of £35.1 million. Looking ahead, Henry Boot expects 2023 to be ‘more challenging that 2022’. Expects to publish its full-year results on March 21.
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