(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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888 Holdings PLC, up 20% at 96.1 pence, 12-month range 50.5p-207.8p. Late Tuesday, the William Hill owner revealed FS Gaming Investments LLC has taken a 6.6% stake in the firm. FS Investments is backed by Kenny Alexander, Lee Feldman and Shay Segev. Alexander was formerly chief executive of GVC Holdings PLC, the Ladbrokes and Coral owner now known as Entain PLC. Alexander was replaced by Segev, who then stepped down as CEO in January 2021 to head up sports streaming platform DAZN. Feldman was formerly chair of GVC, departing in February 2020. A spokesperson of 888 tells Alliance News on Wednesday: "We welcome the investment of FS Gaming which we believe reflects the significant value creation potential in our business."
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James Fisher & Sons PLC, up 3.2% at 390.00p, 12-month range 241.00p-415.50p. The provider of specialist services to the marine, oil and gas and other industries completes its refinancing, with a new GBP210 million revolving credit facility. The RCF is provided by six existing lenders, and matures in March 2025." The new RCF provides a solid financial base from which we can continue to execute the transformation strategy," says CEO Jean Vernet.
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SMALL-CAP - LOSERS
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Residential Secure Income PLC, down 2.5% at 70.4p, 12-month range 59.2p-117.5p. The Bristol-based real estate investment fund focused on independent retirement living and shared ownership says its net asset value per share 17% to 90.0p at the end of March, from 108.8p six months before, amid volatility in the property market. Also notes its shares trade at a "significant" discount to its NAV. "This is particularly disappointing given the scale of investment opportunities now available," it says.
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By Elizabeth Winter, Alliance News senior markets reporter
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