The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Aquila Services Group PLC, up 17% at 28.00 pence, 12-month range 20.00p - 30.00p. In the six months ended September 30, reports a total profit of £244,000, down slightly from £247,000 the previous year. Revenue jumps to £5.9 million from £4.9 million. Declares an increased interim dividend of 0.25 pence per share, up 25% from 0.20p a year prior. Chair Derek Joseph says the half-year results are ‘encouraging given the transition that was needed as the pandemic restrictions were lifted.’ Joseph explains the housing and sporting sectors have moved ahead faster than education and international, though he notes both are now showing ‘early signs’ of recovery. Aquila Services is a London-based housing, sport, and educational and treasury management consultancy services provider.
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RM PLC, up 9.8% at 45.00 pence, 12-month range 18.33p - 210.00p. Agrees to sell its RM Integris and RM Finance Business assets to Key Support Services Ltd for up to £16.0 million. The IT products and services provider also agrees to sell the assets of its principal trading subsidiary, RM Education Ltd, for an initial £12.0 million in cash, with a further £4.0 million to be paid in cash subject to conditions such as competition clearance. Completion of the sale is expected during the first half of 2023, pending shareholder approval. RM says the net proceeds of the sale will be used to reduce debt.
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SMALL-CAP - LOSERS
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Resolute Mining Ltd, down 8.0% at 10.05 pence, 12-month range 9.50p - 23.41p. Receives the third and final $10 million tranche for the sale of Bibiani gold mine in Ghana from Asante Gold Corp. The firm and Asante are also in discussions regarding the payment of an environmental bond and its interest.
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Superdry PLC, down 5.2% at 120.05 pence, 12-month range 96.00p - 292.00p. Confirms it is in talks with a US hedge fund as the clothing retailer faces an uncertain future if it cannot secure a new lender. Superdry said last month that there was a ‘material uncertainty’ over the future of its business as a £70 million loan facility is set to expire in January. On Monday, Superdry confirms a report in the Telegraph that it is trying to secure funding from Bantry Bay Capital, which is backed by US activist investor Elliott Advisors. ‘Superdry acknowledges recent press speculation about its previously announced refinancing process and confirms that it is in negotiations with Bantry Bay Capital Ltd, the specialist lending provider, to replace the existing up to £70 million asset-backed lending facility,’ the firm says.
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