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Pin to quick picksPicton Prop Share News (PCTN)

Share Price Information for Picton Prop (PCTN)

London Stock Exchange
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Share Price: 67.30
Bid: 67.30
Ask: 67.60
Change: 0.10 (0.15%)
Spread: 0.30 (0.446%)
Open: 66.00
High: 67.80
Low: 66.00
Prev. Close: 67.20
PCTN Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Gulf Marine surges on solid performance

Fri, 01st Oct 2021 11:07

(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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Gulf Marine Services PLC, up 14% at 4.20 pence, 12-month range 2.90p-11.35p. The self-propelled, self-elevating support vessels provider says it expects first-half revenue to be up 3% to USD51.4 million from USD49.8 million last year. Gulf Marine forecasts a return to profitability for the first time since 2016. Looking ahead, says it has a strong pipeline of long-term contracts currently being tendered. "This solid performance in the first half, combined with higher rates of utilisation already secured to date, give us confidence for the remainder of the year," says Chair Mansour Al Alami. "This, combined with our continued focus on operational efficiency, on costs and the benefits of the new debt deal and equity raise, is expected to drive an improved performance in the second half and beyond and support the accelerated deleveraging of the company's balance sheet."

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Capital Ltd, up 4.1% at 82.25 pence, 12-month range 56.50p-87.00. The mining services company says returns have been significant, relative to the size of its portfolio, in the third quarter of 2021. Attributes its high returns to the positive performance of two key portfolio holdings Predictive Discovery and Firefinch Ltd. Says these holdings have driven an increase in the total investments value of around USD23.2 million. The company's portfolio totals USD54.2 million on Thursday, up from USD31.0 million on June 30.

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SMALL-CAP - LOSERS

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Picton Property Income Ltd, down 0.4% at 94.62p, 12-month range 59.00p-99.00p. The commercial property investor says it has bought Madleaze Trading Estate for GBP13.1 million. Says it has funded the acquisition using its revolving credit facility and the proforma loan-to-value will increase to 22% post acquisition.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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