Source - Alliance News

The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

----------

SMALL-CAP - WINNERS

----------

Capital Ltd, up 5.7% at 88.80 pence, 12-month range 75p-108p. Its MSALABS business expands global partnership with mining technology solutions provider Chrysos Corp. The partnership will see MSALABS deploy 21 Chrysos PhotonAssay units across the globe by 2025.

----------

Hunting PLC, up 3.4% at 194.00p, 12-month range 142.80p-356.50p. Berenberg raises the energy services company to ’buy’ from ’hold’.

----------

Xaar PLC, up 1.6% at 190.00p, 12-month range 141.00p-275.00p. The inkjet printing technology company expects interim revenue to jump, leaving the firm on track to meet annual forecasts. For the six months ended June 30, the Cambridge, England-based company says revenue is expected to be around £37 million, representing an increase of 41% compared to £26.3 million the year before.

----------

SMALL-CAP - LOSERS

----------

Sabre Insurance Group PLC, down 33% at 126.20p, 12-month range 114.40p-276.00p. Shares hit 12-month low after insurer warns inflation will have a bigger effect on the underwriting margins of its core Motor book than it had previously assumed. For the six months to June 30, pretax profit slumps 81% to £4.3 million from £22.2 million a year ago. While gross written premiums increased 17% to £91.8 million from £78.2 million, the net loss ratio widened to 72% from 45%, and the combined operating ratio worsened to 99% from 74%. Any combined ratio below 100% indicates underwriting profit, so the lower the better. Looking ahead, Sabre expects to achieve a range of between 75% and 80% in 2024. Sabre still expects to pay a dividend for 2022, but one ‘at a reduced level’, before returning to ‘more normal’ levels in 2023.

----------

Copyright 2022 Alliance News Limited. All Rights Reserved

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Hunting PLC (HTG)

-1.18p (-0.35%)
delayed 17:06PM

Sabre Insurance Group PLC (SBRE)

-0.20p (-0.11%)
delayed 17:06PM

Capital Limited (CAPD)

+2.20p (+2.50%)
delayed 16:36PM

Xaar PLC (XAR)

+2.24p (+2.18%)
delayed 16:57PM