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(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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Luceco PLC, up 5.6% at 321.50 pence, 12-month range 205.75p-513p. The LED lighting manufacturer and distributor buys exterior lighting and networking firm DW Windsor Group Ltd for GBP16.9 million. The Hertfordshire-based firm "is a leader" in the design and UK-based manufacture of outdoor and street lighting equipment for the specification market. Consideration has been paid in cash, and the acquisition is expected to be earnings enhancing from 2022.
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Capital Ltd, up 3.4% at 84.4p, 12-month range 56.5p-88.66p. The mining services company lifts revenue guidance after record quarter. Revenue for third quarter of 2021 USD61.6 million, up 75% from USD35.3 million a year ago. Says this is a new quarterly revenue record for the company, with mine-site services continuing to underpin revenue streams. On the back of this, now expects full-year revenue in range of USD220 million to USD225 million, compared to USD200 million to USD210 million expected previously. "Looking ahead we continue to see strong demand across all our business areas with the tender pipeline looking very encouraging," says Executive Chair Jamie Boyton.
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SMALL-CAP - LOSERS
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Avon Protection PLC, down 2.6% at 1,803.91p, 12-month range 1,725p-4,650p. Says it saw good momentum in second half of financial year ended September 30 and expects to report full-year revenue of USD250 million, up from USD213.6 million a year ago. However, says it will recognise one-off, non-cash, ballistic protection inventory adjustments, which are expected to reduce adjusted earnings before interest, tax, depreciation and amortisation margin to between 15% and 16%. The company - which makes respiratory protection equipment for use by military, police, industrial and fire service personnel - reported an adjusted Ebitda margin of 22.9% for the 2020 financial year.
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By Lucy Heming;Â lucyheming@alliancenews.com
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