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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Photo-Me International PLC, up 5.9% at 102.50 pence, 12-month range 55.70p-109.00p. The photo booth operator says it has ‘entered into a relationship agreement’ with Tibergest PTE Ltd, a company owned and controlled by Serge Crasnianski, CEO & deputy chair of Photo-Me. Company says, under the Listing Rules, a relationship agreement is required to be in effect because Tibergest is a controlling shareholder and holds more than 30% of the issued share capital of Photo-Me.
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Foxtons PLC, up 3.2% at 536.60p, 12-month range 30.02p-59.00p. The estate agent lifts its dividend after rise in interim profit. For six months to June 30, pretax profit rises to £4.3 million from £3.6 million last year on revenue of £65.1 million, up from £63.4 million. Foxtons declares an interim dividend of 0.20p, up from 0.18p paid last year.
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Robert Walters PLC. up 3.2% at 536.60p, 12-month range 436.00p-892.00p. The recruiter lifts dividend after record first half. For six months to June 30, posts pretax profit of £26.4 million, up 19% from £22.1 million last year on revenue of £538.6 million, up 15% from £468.2 million. Robert Walters declares interim dividend of 6.5p, up from 5.4p paid last year. ‘The group delivered a record first half performance with all regions growing both net fee income and operating profit. An acute shortage of professionals coupled with growing wage inflation has resulted in a significant increase in job churn and a fierce competition for talent across all of the group’s geographies and specialist disciplines,’ CEO Robert Walters says.
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SMALL-CAP - LOSERS
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Pod Point Group Holdings PLC, down 1.2% at 111.65p, 12-month range 96.00p-291.50p. The electric vehicle charging company reports a widened interim loss. For the six months to June 30, posts revenue of £41.6 million, up from £26.5 million last year but pretax loss widens to £7.5 million from loss of £6.7 million. Looking ahead, notes global supply chain challenges are expected to continue through the rest of 2022 and into 2023. Says this will hurt both supply of new vehicles and the manufacture of charge points across all suppliers.
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