Source - Alliance News

The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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SMALL-CAP - WINNERS

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888 Holdings PLC, up 4.8% at 111.80 pence, 12-month range 50.50p-190.30p. The William Hill owner completes the sale of its Latvian business to Finnish gaming operator Paf Consulting Abp. The €28.3 million sale was originally announced in May. Chair Jonathan Mendelsohn comments: ‘The sale of the Latvian business marks another positive step in the execution of our integration programme. This sale generates cash proceeds from a non-core market to support our deleveraging plans, as well as enabling reinvestment into our core and growth markets.’

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Pharos Energy PLC, up 1.4% at 22.31 pence, 12-month range 17.74p-28.70p. The South East Asia and Middle East-focused oil and gas company wins approval from the Vietnamese government for a two-year extension of the exploration period of Block 125 and 126. Chief Executive Jann Brown says: ‘We are pleased to have received approval from the Vietnamese government for the two-year extension of the Block 125 & 126 exploration period. This approval shows the encouraging level of support from the government while we progress our discussions with a number of interested parties to secure a farm-in partner before drilling the commitment well on Block 125.’

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SMALL-CAP - LOSERS

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Lindsell Train Investment Trust PLC, down 1.7% at 1,005.00 pence, 12-month range 944.00p-1,305.00p. The investment company reports a net asset value per share of £1,056.95 at March 31, down 5.1% from £1,113.81 at the same time a year prior. Total NAV return in the financial year that ended March 31 is negative 0.4% compared to negative 2.3% the year prior. This compares to a total NAV return of negative 1.0% for the company bench market index, the MSCI World Index in sterling, over the same period of time. The company’s holding in Lindsell Train Ltd represents 40% of its NAV at March 31. Says LTL has ‘held back’ its overall performance in recent years. Proposes a total dividend for the year of £51.50, up slightly from £51.12 the year prior.

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Related Charts

Pharos Energy PLC (PHAR)

+0.40p (+1.70%)
delayed 04:00AM

Lindsell Train Investment Trust PLC (LTI)

+£12.00 (+1.41%)
delayed 04:00AM