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Pin to quick picksEnquest Share News (ENQ)

Share Price Information for Enquest (ENQ)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 16.22
Bid: 16.24
Ask: 16.28
Change: 0.36 (2.27%)
Spread: 0.04 (0.246%)
Open: 16.60
High: 16.60
Low: 15.74
Prev. Close: 15.86
ENQ Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: SIG sinks on wider annual loss, no payout

Thu, 25th Mar 2021 10:54

(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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Mears Group, up 4.2% at 197.00 pence, 12-month range 101p-200p. The housing solutions provider says it expects 2020 continuing revenue of about GBP811 million, down from GBP884 million in 2019. It also expects 2020 pretax loss of about GBP3.5 million from a GBP31.8 million profit in 2019. Mears says it is pleased with trading during the first quarter of 2021 and is confident of a full recovery as lockdown restrictions are lifted.

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Vitec Group, up 1.8% at 1,140p, 12-month range 540p-1,195.50p. Jefferies hikes its price target on the Richmond, West London-based photography and video products maker to 1,370p from 980p, maintains Buy rating.

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SMALL-CAP - LOSERS

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SIG, down 8.1% at 36.73p, 12-month range 145.50p-445.14p. The building products supplier posts 2020 pretax loss GBP202.3 million, widened from GBP112.7 million in 2019 on revenue of GBP1.87 billion, down from GBP2.16 billion. SIG pays no 2020 dividend after 1.25p in 2019. Full year like-for-like sales were down 13%, with a solid recovery in the second half. Looking ahead, says trading in 2021 to date is in line with management expectations, but Covid-19 related uncertainty remains.

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EnQuest, down 5.5% at 19p, 12-month range 7.2p-25.3p. The oil and gas company swings to 2020 pretax loss of USD20.0 million from USD442.2 million in 2019 on revenue of USD856.9 million, halved from USD1.71 billion in 2019. Looking ahead, says shutdowns with a duration equivalent of around two weeks are planned over the summer to undertake essential maintenance work, while further production enhancement activities will continue to be assessed and implemented throughout the year.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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