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Pin to quick picksInter. Pers. Share News (IPF)

Share Price Information for Inter. Pers. (IPF)

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Share Price: 113.50
Bid: 113.00
Ask: 114.50
Change: -1.00 (-0.87%)
Spread: 1.50 (1.327%)
Open: 115.00
High: 115.00
Low: 113.50
Prev. Close: 114.50
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SMALL-CAP WINNERS & LOSERS: Kin & Carta and IPF both lift outlook

Tue, 15th Jun 2021 11:01

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

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SMALL-CAP - WINNERS

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Kin & Carta PLC, up 19% at 236 pence, 12-month range 46p-240p. The business consultancy firm now expects net revenue for financial year ending July 31 to grow around 10% to GBP150 million, while underlying pretax profit is seen around 35% to 40% higher to GBP14.5 million. Based on current performance and order backlog, anticipates accelerating growth in net revenue to around 20% and improving underlying operating margin of 12-13% for 2022 financial year. "In line with the improving trends reported at the half year, Kin & Carta is executing on a strong resumption of growth with accelerating demand for Digital Transformation continuing as the effects of the pandemic begin to abate," it says.

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International Personal Finance PLC, up 11% at 141p, 12-month range 44.05p-143.45p. The consumer credit firm says operational performance has continued to be "positive" since trading update in April. "While we remain cautious given the dynamic Covid-19 environment, the faster-than-anticipated improvement in impairment in April and May is expected to result in a further improvement in the full-year impairment charge and a significantly stronger rebound in profitability in 2021 than was expected at the time of our Q1 trading update," it says.

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SMALL-CAP - LOSERS

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Non-Standard Finance PLC, down 10% at 4.67p, 12-month range 2.69p-12.85p. Continues with "detailed work for a substantial equity capital raise" which is expected to be around GBP80 million and in the form of a placing and open offer, supported by largest shareholder. Notes equity raise dependent on reaching a conclusion with UK Financial Conduct Authority over proposed redress methodology for Guarantor Loans Division customers. "The group is also undertaking a detailed exercise to determine whether there is any read across from this work to the group's other divisions and also whether there are any implications from recent decisions at the Financial Ombudsman Service. Until this is complete, there can be no certainty as to the outcome, but the board is currently planning for the capital raise to take place in the third quarter of 2021," it says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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