The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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Ten Entertainment Group PLC, up 5.0% at 198.40 pence, 12-month range 183.00p - 285.01p. Swings to a pretax profit of £21.0 million from a loss of £10.8 million in the six months ended June 30. Revenue surges to £63.2 million from £10.6 million. The bowling alley operator says it is ‘delighted’ with the growth as last year it benefited significantly from exceptional sales due to UK ’staycations’ and the initial pent-up demand from the release of Covid restrictions. Notes record breaking February and May half-term trading in the half, as well as an ‘exceptional’ Easter. Adds the positive sales trend continued to the end of the first half despite a very hot summer when, traditionally, bowling and other indoor activities aren’t favoured.
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Galliford Try Holdings PLC, up 4.0% at 163.20 pence, 12-month range 145.80p - 213.00p. Swings to a pretax profit of £19.1 million before exceptional items in the year ended June 30 from a loss of £11.4 million the previous year. Exceptional items relate to the acquisition of nmcn’s water business and its investment in a cloud-based IT system. After exceptional items, profit fell 53% to £5.4 million from £11.4 million. Revenue rises by 9.7% to £1.24 billion from £1.13 billion, resulting primarily from growth in the company’s infrastructure section, the construction firm explains.
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Panther Metals PLC, up 6.5% at 5.70 pence, 12-month range 5.00p - 14.92p. Reports positive findings from a gold-focussed soil geochemical sampling programme conducted on the firm’s recently acquired Shear Gold Manitou Lakes Project in Canada. Explains all three soil survey grids conducted during this first programme have identified anomalous areas of gold in soil with a ‘significant proportion’ of the results returning ‘highly significant’ gold. Chief Executive Darren Hazelwood was the team will be back on site before the end of September.
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SMALL-CAP - LOSERS
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Hostmore PLC, down 6.8% at 22.00 pence, 12-month range 21.00p - 156.24p. In the six months ended July 3, the Friday’s restaurant chain owner reports a widened pretax loss of £17.1 million. The previous year it posted a loss of £11.2 million. Revenue surges to £98.5 from £39.9 million. However, underlying administrative expenses jump to £70.2 million from £50.9 million. Adds that the 10 weeks since July 3 has seen like-for-like revenue 14% below the comparable period in financial 2019 due to weaker consumer demand. Expects trading conditions to remain challenges due to inflationary pressures and the risk of higher utilities.
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Cobra Resources PLC, down 5.6% at 1.70 pence, 12-month range 1.10p - 3.20p. Narrows its pretax loss to £226,953 in the six months to June 30 from £842,631 the previous year. Total assets at June 30 falls to £845,916 from £1.1 million at the same time a year prior. Looking forward, the firm says it is focused on the continuation of exploration activities, including the re-analysis of the Thompson and Anderson prospects. Expects to update its gold mineral resource and its maiden rare earth resource estimate before the end of the year.
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