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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Ferrexpo PLC, up 4.0% at 61.8p, 12-month range 44.25p–119.00p. Shares in the Ukraine-focused iron ore pellet producer rise in line with defence sector gains after reports that Ukrainian President Volodymyr Zelensky left Washington without securing US-made Tomahawk missiles. US President Donald Trump instead calls for renewed peace talks with Russian President Vladimir Putin, saying on social media it is ‘time to stop the killing and make a deal.’ The shift in tone lifts sentiment toward Ukrainian-linked assets, including Ferrexpo, which operates iron ore mines and processing facilities in central Ukraine.
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Seraphim Space Investment Trust PLC, up 3.6% at 83.7p, 12-month range 46.5p–89.2p. The investment fund, which targets early and growth-stage space technology companies reports net asset value per share rising 23% year-on-year to 118.52 pence from 96.18p, as its portfolio valuation climbs 29% to £259.8 million. The company attributes the gain to strong defence sector tailwinds and a doubling in the value of its largest holding, ICEYE. Seraphim deploys £14.2 million across one new and six existing portfolio companies, while year-end cash stands at £21.5 million. It says several private holdings are on track to reach Ebitda profitability before the end of 2025. Chair Will Whitehorn says: ‘The US’s changing priorities have prompted Europe to recognise the urgency of greater responsibility and autonomy for its own security. Governments worldwide are striving for greater security sovereignty, with SpaceTech at the forefront. Record defence budgets are driving huge demand for cutting-edge SpaceTech capabilities.’
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SMALL-CAP - LOSERS
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Secure Trust Bank PLC, down 4.9% at 842p, 12-month range 339p-1,220.00. The Solihull, England-based business and consumer lender says it expects to raise its motor finance redress provision by about £16 million to a total of £21 million following the UK Financial Conduct Authority’s consultation on an industry-wide compensation scheme. The proposed framework, which STB says sits ‘towards the extreme end’ of expected outcomes, would also reduce its common equity tier 1 ratio by around 50 basis points to around 13%. STB argues the FCA’s proposed approach to assessing unfairness is not aligned with the Supreme Court’s ruling in Johnson v FirstRand and says it will continue to engage constructively with the regulator.
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