(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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Alfa Financial Software Holdings PLC, up 12% at 176.10 pence, 12-month range 97.00p-181.41p. The financial software provider raises it full-year revenue outlook and declared a special dividend. Says the first half of the year saw good progress across the business and a strong financial performance. Revenue for the first half of 2021 rises 8% to GBP41.1 million while pretax profit increases 9% to GBP11.0 million. Success converting its late stage pipeline prompts the company to lift its expectations for 2021, and it now expects to beat previous market revenue forecasts by around 4%. It also declares a special dividend of 10p per share, bringing total dividends over the last 12 months to 26p.
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Kin & Carta PLC, up 1.1% at 297.20p, 12-month range 63.00p-315.00p. The business consultancy firm says it expects revenue and adjusted pretax profit to be marginally ahead of the top end of market expectations for the year ended July 31. Kin & Carta says its performance in the new financial year has been strong with continuing robust client demand.
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SMALL-CAP - LOSERS
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Amala Foods PLC, down 2.6% at 0.80p, 12-month range 0.80p-2.20p. Shares in food technology firm formerly known as BigDish hit fresh 12-month low as it says its finalising plans to launch its first product with an "established" pizza chain, which it doesn't name, next month. Also says it expects to announce an appointment to fill its vacant non-executive director position in the next few weeks.
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Saga PLC, down 2.2% at 343.60p, 12-month range 118.50 -464.60p. The over-50s travel and insurance provider swings back to a profit of GBP700,000 in the half year that ended July 31 from a substantial GBP55.5 million loss a year before, though revenue was down to GBP156.4 million from GBP192.4 million. Saga declares no interim dividend, noting payouts aren't allowed during the holiday it has been granted on ship debt repayments. Its last payout was a 1.3 pence interim dividend for financial 2020. The company adds that, due to continued uncertainty in its markets caused by Covid-19, it will not provide any earnings guidance for the year.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Saga (SAGA)
Alfa Fin (ALFA)
Amala Foods Plc (DISH)
Kin and Carta (KCT)