(Alliance News) -Â The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP WINNERS
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Funding Circle Holdings, up 5.3% at 94.80 pence. The London-based peer-to-peer lender reported a strong performance for the second half of 2020, with total income at GBP121 million, up 26% from GBP96 million a year before. As a result of the strong performance, Funding Circle expects adjusted earnings before interest, tax, deprecation and amortisation for the second half period to be no lower than GBP15 million.
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McKay Securities, up 2.4% at 203.00 pence. The South East and London-focused office property investor said it has received 86% of December quarter rents, increasing to 91% on receipt of agreed monthly payments later in the quarter. In its financial year to date, McKay has collected 91% of contracted rent, rising to 95% on receipt of monthly and other deferred payments.
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Devro, up 2.2% at 158.47 pence. The company, which makes collagen products such as sausage casings, said it expects underlying operating profit for 2020 at the upper end of analyst expectations after a strong end to the year. According to company-compiled consensus, operating profit is expected to land in the GBP38.0 million to GBP40.5 million range, compared to GBP39.1 million in 2019.
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SMALL-CAP LOSERS
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Equiniti, down 2.4% at 116.00 pence. The financial administration outsourcer confirmed that it is in discussions for the potential divestment of part of its subsidiary Equiniti Financial Services, though cautioned that there is no certainty a deal will be reached.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Funding Circle (FCH)