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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Kin & Carta PLC, up 15% at 72.8 pence, 12-month range 55.2p-253.5p. The business consultancy says adjusted operating profit in financial 2023 is expected to be between £17.9 million and £18.4 million, around 11% to 14% ahead of market expectations. Net revenue is likely to be in line with expectations at around £48 million in the final quarter. It expects net revenue growth to be flat in the year ended July 31 at around £192 million, in line with expectations. Enters financial 2024 with a ‘healthy backlog’ and expected further sequential net revenue growth in its first quarter. Thursday marks a more positive day of trading for the stock, which is down 66% in the year-to-date.
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abdrn New Dawn Investment Trust PLC, up 4.8% at 260p, 12-month range 243p-303p. The board of the Asian-focused investment firm reiterates its support for the all-share merger with Asia Dragon Trust PLC. Also reports a net asset value return of minus 6.8% in the year to April 30, underperforming against compared to its benchmark of minus 5.2% from the MSCI All Countries Asia Pacific ex Japan Index (Sterling adjusted). Net asset value per share at the end of the year, including current year income, falls to 299.20p from 325.17p.
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SMALL-CAP - LOSERS
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Baillie Gifford European Growth Trust PLC, down 3.4% at 88.49p, 12-month range 73.5p-102.4p. Shares in the London-based investor in European securities fall as the stock goes ex-dividend.
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