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SMALL-CAP WINNERS & LOSERS: Update fails to prop up Deliveroo shares

Thu, 15th Apr 2021 10:46

(Alliance News) - 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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Electra Private Equity PLC, up 6.0% at 390 pence, a new 52-week high, 12-month range 121.85p-390p. Private equity investor says it has sold Sentinel Performance Solutions Group Ltd to Dutch industrial technology group Aalberts NV for GBP22.2 million. Electra Private Equity shares have more than doubled over the past 12 months.

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Charles Stanley Group PLC, up 5.9% at 320.00p, 12-month range 218p-326p. Fund manager says it delivered a resilient fourth-quarter performance. Funds under management & administration were GBP25.6 billion at March 31, up from GBP25.1 billion a year before. Charles Stanley says total revenue relatively stable at GBP171.2 million.

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Norcros PLC, up 4.0% at 298.75p, 12-month range 135p-312.99p. The kitchen and bathroom products supplier lifts annual guidance again after a strong finish to its financial year. Now expects underlying operating profit for the financial year that ended March 31 to be no less than GBP33 million, ahead of both its previous guidance for the year of no less than GBP31 million and the GBP32.3 million reported for last year.

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SMALL-CAP - LOSERS

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Deliveroo PLC, down 1.8% at 265.61p, range since early-April IPO 241.70p-390.39p. The food delivery platform maintains its full-year guidance after a sharp acceleration in orders in the first quarter. However, Deliveroo says it expects the recent rapid growth in orders to wane as lockdown measures ease in the coming months.

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THG PLC, down 1.7% at 691.00p, 12-month range 565.30p-837.80p. The Hut Group owner posts sizeable annual loss but is optimistic about year ahead. The Manchester-based firm says 2020 revenue reached GBP1.61 billion, up 42% from GBP1.14 billion in 2019. However, THG's 2020 pretax loss widens to GBP534.6 million from GBP45.2 million in 2019, and it incurs an operating loss of GBP481.8 million, widening from GBP11,790. "We approach financial 2021 with confidence having navigated successfully through a milestone year in the group's history," THG says.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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