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Pin to quick picksMccoll's Share News (MCLS)

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SMALL-CAP WINNERS & LOSERS: McColl's rises on Morrison rescue hopes

Fri, 06th May 2022 11:06

(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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McColl's Retail Group PLC, up 37% at 1.56 pence, 12-month range 0.51p-39.80p. The convenience store operator late Thursday confirmed it is in discussions regarding potential financing solutions for the business to resolve short-term funding issues. Company warned though that unless an alternative solution can be agreed, it is "increasingly likely" that the business will be placed into administration. On Friday, Sky News reported that supermarket chain Wm Morrison Supermarkets proposed a last-ditch deal that would avert McColl's collapse into insolvency and preserve the majority of its stores. McColl's and Morrisons are partners for the Morrisons Daily branded convenience stores operated by McColl's.

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Nostrum Oil & Gas PLC, up 4.8% at 6.08 pence, 12-month range 2.82p-14.50p. The oil and gas company with operations in Kazakhstan expects quarterly revenue to rise despite falling oil sales. Daily sales of barrels of oil equivalent per day in three months ended March 31 falls to 14,059 from 17,419 a year ago. Daily production shrinks to 14,683 boepd from 19,341. Expects quarterly revenue of USD60 million, up from USD46.2 million a year ago.

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S4 Capital PLC, up 4.2% at 339.60 pence, 12-month range 265.00-878.00p. The ad agency swings to a loss in 2021, despite nearly doubling revenue. Revenue nearly doubles to GBP686.6 million from GBP342.7 million, around 52% higher on a like-for-like basis, benefiting from organic growth as well as from acquisitions. Despite this, the firm swings to a pretax loss for the year of GBP55.7 million from a profit of GBP3.1 million. This was due to large adjusting items, which increased to GBP136.9 million in 2021, from GBP49.8 million in 2020. The items related to acquisitions, amortisation and share-based payments, S4 said. On an adjusted basis, pretax profit rose to GBP81.2 million from GBP52.9 million. S4 is targeting "strong" growth in revenue, gross profit, as well as improving operational earnings before interest, tax, depreciation and amortisation margin for 2022.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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