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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Go-Ahead Group PLC, up 6.5% at 896.50 pence, 12-month range 450.60p-1,463.00p. The transport operator will reinstate its pre-Covid dividend policy as it sets out medium-term plans to boost revenue and profit. Go-Ahead will return to paying a dividend equivalent to between 50% and 75% of underlying earnings per share. As such, it intends to recommend a dividend of not less than 50p in respect of the financial year ending July 2022. Go-Ahead is targeting annual group revenue of around £4 billion in the medium-term, which it said would be up by around 30%, and operating profit of at least £150 million. For the 2021 financial year, Go-Ahead posted adjusted operating profit of £115.5 million.
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Wincanton PLC, up 2.0% at 379.50p, 12-month range 288.00p-470.00p. The logistics firm says it delivered strong revenue growth throughout the fourth quarter, with positive contributions from all four sectors. Fourth quarter revenue is expected to grow by 12% compared to the same quarter last year, or 13% on an underlying basis. Wincanton says it continues to perform in line with current market expectations for the full financial year.
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SMALL-CAP - LOSERS
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TheWorks.co.uk PLC, down 1.9% at 51.63p, 12-month range 45.10p-75.00p. The discount retailer says it was victim to a cyber security incident involving unauthorised access to its computer systems. There was some limited disruption to trading and business operations but store deliveries are expected to resume imminently and normal online service levels are progressively being reintroduced. The firm does not currently expect the incident will have a ‘material adverse impact’ on its forecasts or financial position. While payment data has not been compromised, it ‘has not yet been possible to establish the full extent to which any other data may have been affected.’ As such the company has informed the Information Commissioner’s Office.
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