The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
----------
SMALL-CAP - WINNERS
----------
Devro PLC, up 60% at 307.50 pence, 12-month range 160.35p-310.00p. The sausage casings maker agrees to 316.1p per share takeover from food manufacturing company Saria. The deal values the sausage casings maker’s equity at £540 million and gives it an enterprise value, including debt, of £667 million.
----------
CT Private Equity Trust PLC, up 5.3% at 451.00 pence, 12-month range 375.51p-520.00p. The investment trust’s net asset value per share increases to 711.75p in the three months to September 30, up from 656.75p at the end of June. It reflects a total return for the three months of 9.3%
----------
SMALL-CAP - LOSERS
----------
LSL Property Services PLC, down 13% at 229.00p, 12-month range 211.00p-411.00p. The company says trading conditions since its first half have been trickier than expected, amid mortgage market turmoil. ‘Across the market, this has given rise to a reduction in mortgage activity and new house sales, and an increase in fall-throughs of previously agreed sales,’ LSL said. It means there is a ‘wider range’ of full-year outcomes than expected.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
