The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Wickes Group PLC, up 6.1% at 183.05 pence, 12-month range 148.10p-288.40p. The DIY retailer posts double-digit revenue growth in year that ended January 1. Revenue rises 14% to £1.53 billion from £1.35 billion. Pretax profit surges to £65.4 million from £28.9 million. Wickes, separated from Travis Perkins back in April of last year, pays an annual dividend of 10.9 per share.
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Go-Ahead Group PLC, up 4.5% at 777.07 pence, 12-month range 450.60p-1,463.00p. The transport company says the UK Department for Transport hands rail contracts to its Govia Thameslink Railway unit. It will mean GTR continues to operate the Thameslink, Southern and Great Northern rail services, the largest railway network in the UK. The maximum annual fee receivable by Govia for the deal is £31.7 million. Go-Ahead has a 65% stake in Govia.
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Ted Baker PLC, up 4.1% at 126.50 pence, 12-month range 79.60p-217.60p. Shares in the retailer rose for six sessions in succession before falling on Thursday. The stock resumes its upward curve on Friday morning. It has received takeover interest. Sycamore Partners Management LP last week Friday confirmed it is in ‘the early stages’ of a possible cash offer. Since mid-March, Ted Baker shares are up 44%.
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SMALL-CAP - LOSERS
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Petropavlovsk PLC, down 11% at 1.60p, 12-month range 0.78p-29.35p. The gold miner warns it has a $200 million term loan and a $86.7 million revolving credit facility with Gazprombank, a bank which now has been sanctioned by the UK, in the wake of Russia’s invasion of Ukraine. Gazprombank, as per conditions of the loans, acts as an off-taker for all of Petropavlovsk’s gold output. Sanctions and asset freezes imposed on Gazprombank currently prevent Petropavlovsk from making further sales of gold to Gazprombank.
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Restaurant Group PLC, down 2.6% at 65.07p, 12-month range 62.70p-140.00p. Barclays cuts the stock to ’underweight’ from ’equal weight’. The bank notes that the Wagamama owner has 13 sell-side ’buy’ recommendations, with Barclays offering the only negative negative sell-side rating.
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