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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Norcros PLC, up 4.2% at 250.00 pence, 12-month range 211.00p-351.32p. The kitchen and bathroom products supplier raises dividend after jump in annual profit. For financial year that ended March 31, pretax profit nearly doubles to £33.0 million from £18.5 million last year on revenue of £396.3 million, up from £324.2 million. Norcros declares total dividend of 10.0p, up 22% from 8.2p paid last year.
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Fuller, Smith & Turner PLC, up 1.6% at 578.00p, 12-month range 510.20p-920.00p. The pub operator reinstates dividend after swinging to annual profit. For the financial year that ended March 26, swings to pretax profit of £11.5 million from a loss the year before of £59.2 million on revenue of £253.8 million, up from £73.2 million. Financial 2021 had been hurt by Covid-19 restrictions. Fuller declares total dividend 11.31p, having paid none the year before.
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Senior PLC, up 0.6% at 128.60p, 12-month range 112.18p-186.71p. The engineering components manufacturer acquires Valencia, California-based acquires Spencer Aerospace Manufacturing for $60 million in cash, half now and half in 12 months. It also will pay up to $40 million more in milestone payments based on Spencer’s financial performance. Spencer is a maker of high-pressure hydraulic fluid fittings for use in commercial and military aerospace applications.
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SMALL-CAP - LOSERS
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DFS Furniture PLC, down 16% at 155.95p, 12-month range 149.40p-318.50p. The sofa retailer says it has seen a reduction in orders in its fourth quarter. For its third quarter, which ended March 27, it saw double-digit growth in the volume of orders versus the same period in financial 2019, which was pre-pandemic. DFS says it has seen a shift in customer demand over its fourth quarter and a fall in orders. DFS says the drop in orders was akin to the recent 2.1% decline in consumer spending reported by Barclaycard for April compared with pre-pandemic levels.
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