The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
Go-Ahead Group PLC, up 15% at 710.00 pence, 12-month range 450.60p-1,463.00p. The transport operator has been fined £23.5 million by the UK Department for Transport over contraventions of the franchise agreement for London & Southeastern Railway. However, this is less than the £30.0 million provision that it made for the expected penalty in its financial 2021 accounts, and it will be paid from LSER’s restricted cash balance. The penalty was for Go-Ahead failing to notify the DfT of money due to the UK government, for which it already was stripped of the franchise.
----------
Pensionbee Group PLC, up 2.3% at 144.50p, 12-month range 122.00p-186.50p. The pension management company says annual pretax loss widend, but reiterates its 2022 and medium-term guidance. PensionBee’s pretax loss widens to £25 million in 2021 from £13.5 million in 2020 on revenue of £12.8 million, up from £6.3 million. PensionBee says 2022 revenue expected to be in excess of £20 million with further margin improvement.
----------
Stagecoach Group PLC, up 1.5% at 106.03p, 12-month range 63.92p-110.90p. Transport firm National Express Group PLC says it believes its all-share combination with Stagecoach remains the better choice for Stagecoach shareholders, after being spurned for a cash offer from rival DWS Infrastructure. National Express says its all-share offer for Stagecoach is worth 125p to 170p per share compared to 105p in cash from DWS. National Express believes the combination is a ‘superior value creation opportunity’ versus DWS’s cash offer. However, National Express doesn’t offer any sweetener to entice shareholders, saying it ‘will remain disciplined in its assessment of its options going forward’.
----------
SMALL-CAP - LOSERS
----------
Predator Oil & Gas Holdings PLC, down 12% at 9.90p, 12-month range 4.54p-22.30p. The oil and gas company launches discounted share placing to raise £1.0 million. Predator is issuing 11.5 million new shares at a price of 9.0p each, representing a 20% discount to Wednesday’s 11.2p close.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
