(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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Premier Oil, up 5.1% at 31.36 pence, 12-month range 10.77p-55.1p. The oil and gas company swings to pretax loss before its planned reverse takeover by fellow North Sea oil company Chrysaor. For 2020 revenue falls by 40% to USD949.4 million from USD1.58 billion in 2019, swings to pretax loss of USD605.3 million from USD102.5 million profit in 2019. Says Chrysaor merger expected on March 31, with shares to be readmitted as Harbour Energy on April 1. Says Harbour Energy will have a strong balance sheet "from day one" and is expected to generate sufficient free cash flow to support shareholder returns, including via a sustainable dividend in the near-term.
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Hostelworld Group, up 3.7% at 89.10p, 12-month range 35.25p-98.00p. The online booking platform focused on the hostel market was on Thursday rebounding from losses on Wednesday, when it had reported that it swung to a hefty pretax loss for 2020. Said it expects the pace of recovery to be driven by changes in travel guidance in individual markets.
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Gym Group, up 3.0% at 247.00p, 12-month range 75p-275p. The gym operator swings to an annual loss with sites closed due to the coronavirus pandemic. For 2020, revenue is down 47% to GBP80.5 million from GBP153.1 million in 2019, sending it to a pretax loss of GBP47.2 million from a GBP6.2 million profit. Gym Group says 8 new gyms opened in 2020 increasing total estate to 183. Says that after re-opening of gyms in April this year, it will be close to cash flow break-even and will then grow membership, revenue and profitability from this point. It will open three new sites in April and one in May and expect to start on-site with an additional four gyms by June.
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SMALL-CAP - LOSERS
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Amigo Holdings, down 2.0% at 10.99p, 12-month range 4.84p-35.59p. The guarantor loans provider was extending losses on Thursday after it said Wednesday that the UK Financial Conduct Authority decided to extend the scope of its current probe into the company.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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