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SMALL-CAP WINNERS & LOSERS: Electra to list TGI Fridays, Hotter Shoes

Fri, 21st May 2021 11:01

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Hollywood Bowl Group PLC, up 5.1% at 247.00 pence, 12-month range 116.00p-261.50p. Berenberg hikes price target on stock to 280.00p from 210.00p and reiterates Buy rating. Tenpin bowling operator reopened its doors this past Monday as part of easing UK lockdown restrictions.

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Electra Private Equity PLC, up 4.7% at 534.00p, 12-month range 163.27p-540.00p. Private equity investor says its largest assets, TGI Fridays and Hotter Shoes, have performed "admirably" through the pandemic. In light of the strong performance, has decided to demerge TGI Fridays and float it on the London Main Market late in the third quarter of this year. In the fourth quarter, it will bring Hotter to the AIM market in London through reclassification of the Electra entity. Plans are well advanced for both listings, it says.

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SMALL-CAP - LOSERS

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Amigo Holdings PLC, down 33% at 15.88p, 12-month range 4.84p-30.30p. Guarantor loans provider's shares have been restored to trading Friday. Earlier this week, Amigo applied to lift its temporary share suspension. "The company is not aware of any inside information which has not been updated to the market and the company can confirm that no decision has been made in relation to the Court Sanction hearing held yesterday to consider the company's proposed Scheme of Arrangement. Furthermore, the company is not able to confirm when the decision on the Scheme of Arrangement will be delivered by the court or when and how it will be announced," Amigo said Thursday.

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Card Factory PLC, down 12% at 75.98p, 12-month range 28.00p- 97.83p. The greeting card company reports a marginal drop in like-for-like store sales, compared with 2019, after the UK began reopening non-essential stores and eased restrictions in April. "To date, increased spend per transaction has primarily offset the reduced retail footfall: customers are shopping less frequently but buying more," company says.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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