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Share Price: 86.20
Bid: 86.60
Ask: 88.80
Change: -1.00 (-1.15%)
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Open: 86.00
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SMALL-CAP WINNERS & LOSERS: Rank down as Grosvenor venues struggle

Fri, 16th Dec 2022 10:11

(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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Hollywood Bowl Group PLC, up 3.5% at 237.58 pence, 12-month range 161.40p - 294.50p. Reports a double-digit rise in revenue and profit multiplied. In the financial year that ended September 30, the bowling centre operator posts record revenue of GBP193.7 million, up 49% from GBP129.9 million the previous year. Pretax profit soars to GBP46.7 million from just GBP462,000 a year prior. This figure also is ahead of financial 2019, its last year of uninterrupted trading before the Covid-19 pandemic. The company explains that it had seen considerable growth across all its revenue lines thanks to increases in footfall and spend, as well as an increase in game volumes. Hollywood Bowl says it has continued this momentum into the start of its current financial year, noting strong demand an "encouraging" pre-bookings for the Christmas period.

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JPMorgan Asia Growth & Income PLC, up 3.1% at 361.80 pence, 12-month range 294.50p - 454.77p. Net asset value per share at September 30 falls to 370.60p, from 460.70p at the same time the previous year. NAV total return in the financial year that ended September 30 was negative 16%, underperforming its comparator benchmark MSCI AC Asia ex Japan Index total return of negative 14%. Chair Bronwyn Curtis says rising price pressures and mounting fears of recession weighed on Asian financial market sentiment during the financial year.

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SMALL-CAP - LOSERS

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Rank Group PLC, down 9.3% at 72.80 pence, 12-month range 52.40p - 170.40p. Says in the five months ended November 30, like-for-like net gaming revenue was up just 1% compared to the same period last year, due to a decline at its Grosvenor venues. The gambling firm explains that whilst there has been some improvement in Grosvenor's trading over the last few weeks, trading in its second quarter has been weaker than expected, with weekly average net gaming revenue of GBP5.8 million. "We had expected Grosvenor venues to have continued to improve throughout Q2 and then into the second half of the year, but this improvement has not yet materialised, driven by lower customer spend per visit," Rank says.

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EnQuest PLC, down 6.4% at 21.10 pence, 12-month range 16.90p - 37.35p. Bofa cuts the oil and gas production company to 'neutral' from 'buy' with a price target of 25p.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

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20 Jun 2022 07:20

Rank Group warns on FY profits following 'softer' UK trading performance

(Sharecast News) - Gambling outfit Rank Group warned on full-year profits on Monday following a "softer performance" in its UK venues throughout the third quarter.

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1 Jun 2022 21:20

IN BRIEF: Rank Group CFO associate buys GBP83,000 in shares

Rank Group PLC - Maidenhead, England-based operator of Grosvenor Casinos and Mecca bingo halls - Sally Harris, a close associate of Chief Financial Officer Richard Harris, purchases 75,000 shares at an average price of GBP1.10, for a total of GBP82,650, across several transactions on Tuesday. The shares constitute the total holding of Richard Harris and close associates.

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1 Jun 2022 18:21

TOP NEWS: Centrica warms up for FTSE 100 as Royal Mail sent packing

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, June 20 after completing its quarterly review.

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25 May 2022 10:18

Centrica and Johnson Matthey indicated to join FTSE 100, Asos in 250

(Alliance News) - British Gas-owner Centrica PLC and chemical firm Johnson Matthey PLC are set to return to the FTSE 100 index next month, replacing television broadcaster ITV PLC and postal operator Royal Mail PLC, according to indicative changes released by FTSE Russell on Tuesday.

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19 May 2022 14:03

IN BRIEF: Currys hires Asos chair as same role; Livingston to resign

Currys PLC - London-based consumer electronics and mobile phone seller - Announces Ian Dyson as chair from September 8. Replaces current Chair Ian Livingston. Incoming Chair Dyson is chair of London-based fast fashion retailer ASOS PLC. He worked as group finance and operations director of Marks & Spencers Group PLC from 2005 to 2010. Dyson was chief executive of Punch Taverns PLC and group finance director of Rank Group PLC. Worked as senior independent director at Flutter Entertainment PLC and as non-executive director of SSP Group PPL. As previously announced, Dyson will retire from his role as non-executive director of Intercontinental Hotels Group PLC in February 2023.

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21 Apr 2022 17:02

LONDON MARKET CLOSE: Stocks mixed as miners restrain FTSE 100

(Alliance News) - Stocks in London ended mixed on Thursday with heavyweight miners weighing on the FTSE 100 after disappointing quarterly production figures, while in New York, Tesla continued to go from strength to strength.

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21 Apr 2022 10:53

IN BRIEF: Rank Group lowers annual guidance amid inflation hit

Rank Group PLC - Maidenhead, England-based operator of Grosvenor Casinos and Mecca bingo halls - Lowers guidance for its financial year ending June 30. Guidance for earnings before interest and tax cut to between GBP47 million and GBP55 million, from GBP55 million to GBP65 million previously.

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21 Apr 2022 08:39

LONDON MARKET OPEN: FTSE 100 left out of Europe rally as miners drag

(Alliance News) - The FTSE 100 in London failed to get off to the positive start seen elsewhere in Europe on Thursday as the index was bogged down by some disappointing production updates from its heavyweight mining sector.

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21 Apr 2022 07:52

Mecca Bingo owner Rank Group cuts full-year guidance

(Sharecast News) - Gambling company Rank Group cut its full-year guidance on Thursday as it pointed to a softer performance in March and highlighted inflationary pressures.

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21 Apr 2022 07:50

LONDON MARKET PRE-OPEN: Rank cuts outlook; Rentokil counters inflation

(Alliance News) - Stocks in London are set to extend recent gains on Thursday as investors look ahead to remarks from central banking figures.

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13 Apr 2022 19:46

TRADING UPDATES: McKay backs Workspace offer; IOG fixes Blythe fault

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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22 Feb 2022 13:27

IN BRIEF: Shepherd Neame hires Rank executive as new head of pubs

Shepherd Neame Ltd - Faversham, Kent-based brewer and pub chain - Hires Jonathon Swaine to be managing director for Pubs arm. Swaine joins from casino operator Rank Group PLC, where he is MD for Retail. Prior to Rank, Swaine was MD for Fuller's Inns, the largest division of Fuller, Smith & Turner PLC. Shepherd Neame says it will make a further announcement with the date when Swaine will join. Chief Executive Officer Jonathan Neame says Swaine is "an operator of considerable experience and is highly respected within the industry.

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27 Jan 2022 11:23

Rank Group returns to interim profit despite latest Covid clampdown

Rank Group returns to interim profit despite latest Covid clampdown

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27 Jan 2022 08:35

Rank hit by Omicron but swings to H1 profits, sees recovery

(Sharecast News) - Casino and bingo operator Rank Group said the surge in Covid Omicron cases had hit its venues in the first three weeks of 2022 as it swung to a first-half profit and tipped a recovery in trade with most pandemic curbs lifted.

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20 Jan 2022 16:06

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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