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Pin to quick picksNorcros Share News (NXR)

Share Price Information for Norcros (NXR)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 193.50
Bid: 186.50
Ask: 194.00
Change: 1.50 (0.78%)
Spread: 7.50 (4.021%)
Open: 194.50
High: 194.50
Low: 193.00
Prev. Close: 192.00
NXR Live PriceLast checked at -

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REPEAT: SMALL-CAP WINNERS & LOSERS: Amigo up on court approval of plan

Wed, 31st Mar 2021 11:23

(Clarifying that Kore Potash and Parsley Box are listed on AIM.)

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

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SMALL-CAP - WINNERS

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Amigo Holdings PLC, up 6.5% at 17.04 pence, 12-month range 4.84p-35.59p. The guarantor loans provider late Tuesday says court approved plan to hold a customer vote to settle compensation claims. Customers will vote online on May 12. If they approve the scheme of arrangement, final court hearing will be on May 19. "We are delighted that the court agreed that the scheme should go ahead," says Chief Executive Gary Jennison.

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Norcros PLC, up 5.9% at 271.00p, 12-month range 119p-275p. Says that trading momentum has continued since early February, and it now expects underlying operating profit for the year ending on Wednesday to be no less than GBP31 million on a post-IFRS 16 basis. This compares to previous underlying operating profit guidance for the year of no less than £28 million.

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Arrow Global Group PLC, up 5.7% at 304.50p, 12-month range 63.28p-307p. Hits this 12-month high earlier on Wednesday after accepting a GBP563 million takeover offer from TDR Capital LLP. TDR will buy Arrow for 307.5 pence per share in cash through a scheme of arrangement. The price is a 33% premium to Arrow's closing price on February 5, before the start of the offer period. Arrow, a Manchester-based debt investor, had EUR4.3 billion in assets under management as of December 31. It swung to a pretax loss of GBP114.8 million in 2020 after writing down the value of its portfolio.

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SMALL-CAP - LOSERS

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Kore Potash PLC - down 22% at 1.40p on AIM market, 12-month range 0.45p-1.90p. The stock falls 15% in Sydney but is trading flat in Johannesburg. Loss narrows in its most recently ended financial year as it continues the development of its main project in Africa. The UK-based developer of a potash project in the Republic of Congo says its pretax loss for 2020 totalled USD3.1 million compared to a USD4.2 million loss reported the year before. The company explains that its loss narrowed amid a reduction in administrative expenses to USD985,438 from USD1.3 million year-on-year, while salaries, employee benefits and consultancy expenses fell to USD1.2 million from USD1.7 million in 2019. "We have made good progress during the course of 2020. Despite the difficult circumstances facing the global economy Kore has been able deliver on planned workstreams and advance the projects," says Chief Executive Brad Sampson.

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Parsley Box Group PLC - down 6.5% to 186.9p on AIM market from IPO price of 200p - Shares debut on London's AIM market, having raised GBP17 million in its initial public offering. The Edinburgh-based company delivers ready meals to the 'baby boomer' generation, born after the World War Two and broadly defined as aged 60 and over. Its London Stock Exchange ticker code is MEAL. However, Parsley Box is faring better than much-larger food delivery peer Deliveroo Holdings PLC, down 23% at 298.41p in conditional trading in London on Wednesday following its own IPO at 390p. Parsley Box had a GBP83.8 million market capitalisation at its IPO price, compared to GBP7.59 billion for Deliveroo.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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