The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Chrysalis Investments Ltd, up 7.1% at 83.50 pence, 12-month range 51.00p-203.65p. Chrysalis, an investor in technology and finance startups, rises after falling on Wednesday. On Wednesday, the company said its net asset value per share was 128.26 pence on December 31, down 13% from 147.79 pence at September 30. On Tuesday, Chrysalis had reported a 41% fall in NAV in its financial year that had ended on September 30 from 251.96p in September 2021.
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Superdry PLC, up 1.9% at 120,00 pence, 12-month range 91.7p-236p. The clothing retailer makes slight gains after sliding 12% since the start of 2023. Chief Executive & Founder Julian Dunkerton notes recent press reports that he is considering taking Superdry private, but says that there are ‘no plans to do this at the moment.’ On Friday, Superdry reported that in the six months ended October 29, it swung to a pretax loss of £17.7 million from a profit of £4.0 million a year before. Revenue as a whole inched up by 3.6% to £287.2 million from £277.2 million. Superdry said it now expects to be broadly breakeven in financial 2023 at the adjusted pretax level. Previously, the firm had expected adjusted pretax profit between £10 million to £20 million.
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SMALL-CAP - LOSERS
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Esken Ltd, down 3.3% at 5.70p, 12-month range 4.41p-14.90p. The London-based aviation services and renewable energy group says biomass plant customers experienced unplanned outages during the Winter months. These continued and further unforeseen outages in turn have reduced the total volume of waste wood supplied by Esken and the associated gate fee income. Esken says it would normally expect to make up these losses over time, however, the proximity to year-end has made this unlikely. Esken Renewables is now expected to deliver earnings before interest, tax, depreciation and amortisation of £20 million for the full year ending February 28, compared to the previous guidance of £22 million.
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