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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Hunting PLC, up 5.8% at 245.5 pence, 12-month range 142.80p-356.50p. The provider of services to the oil and gas industry tracks Brent prices higher. The North Sea benchmark rises above $93 a barrel mark on Thursday morning from $90.83 late Wednesday.
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SMALL-CAP - LOSERS
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Luceco PLC, down 8.1% at 68.02p, 12-month range 65.08p-407.55p. The LED lighting manufacturer and distributor hits a 12-month low as it warns its adjusted operating profit for 2022 will come in below previous estimates, at around £20-22 million. ‘Our order book now suggests our distributor customers will destock faster in [the fourth quarter] than we originally expected,’ Luceco explains. Trading in the third quarter was in line with expectations, with strong cash flow generation.
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International Personal Finance PLC, down 5.8% at 75.0p, 12-month range 71.32p-147.8p. The home credit and digital business says all divisions performed positively in the third quarter, with customer lending up 15%. However, it expects a £20 million hit to pretax profit in both 2023 and 2024, should a draft proposal concerning credit caps pass in the Polish parliament.
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Trifast PLC, down 3.6% at 16.2p, 12-month range 16p-35p. The industrial fastenings firm expects underlying profit in year ending March 31 to be around 10% below market consensus, which is around £16.3 million for adjusted pretax profit. The underperformance is due to short-term headwinds from ongoing inflationary pressures, and some ‘tactical growth investment’. Revenue for the half year ended September 30 will be ahead of the previous year, at around £120 million compared to £103.7 million.
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