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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Tirupati Graphite PLC, up 16% at 46.25 pence, 12-month range 21.50p-115.00p. Subsidiary Tirupati Madagascar Ventures agrees to acquire three additional mining permits in Madagascar, covering a total area of 31.3 square kilometres near the company’s existing projects. Buys for a total of £167,000 in cash. Tirupati says historical geographical data and initial ground assessments suggest the new permits could have the potential to add up to two or three 18,000 tonnes per year facilities for flake graphite production.
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Funding Circle Holdings PLC, up 7.2% at 38.98 pence, 12-month range 29.68p-169.80p. Reports its first-half performance was ahead of expectations despite posting a reduced pretax profit in the six months ended June 30. Interim pretax profit falls to £1.6 million from £35.4 million. Loans under management also drops, falling to £4.07 billion from £4.93 billion. However, company reaffirms that its adjusted earnings before interest, tax, depreciation, and amortization will be positive for the full-year.
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Restaurant Group PLC, up 2.7% at 44.16 pence, 12-month range 38.24p-125.80p. The Wagamama owner narrows its interim loss and nearly doubles its revenue despite a ‘challenging’ market environment. In the six months ended July 3, firm reports a pretax loss of £28.5 million, narrowed from £57.6 million the previous year. Sales nearly double to £423.4 million from £216.8 million. Looking forward, says it was ‘well positioned’ to deliver long-term growth despite an uncertain consumer environment.
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SMALL-CAP - LOSERS
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Zegona Communications PLC, down 1.2% at 81.00 pence, 12-month range 80.00p-154.00p. Posts a narrowed pretax loss of €1.9 million in the six months ended June 30, compared to a loss of €23.8 million the previous year. Company says it is actively pursuing its next investment opportunity following the disposal of its investment in Spanish telecommunications firm, Euskaltel SA. Seeking a business ‘within the European TMT industry where we can again successfully apply our Buy-Fix-Sell strategy,’ the company explains.
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