(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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Caffyns PLC, up 12% at 449.00 pence, 12-month range 220.00p-469.00p. The car dealer posts sharp rise in annual profit. For year ended March 31, pretax profit jumps to GBP1.4 million from GBP103,000 last year but revenue falls to GBP165.1 million from GBP195.8 million. "Our showrooms were allowed to reopen in mid-April 2021 so we have started the new financial year with a sense of optimism, although we are mindful that the future course of the covid-19 pandemic remains uncertain," company says.
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Bloomsbury Publishing PLC, up 6.8% at 330.00p, 12-month range 243.00p-347.00p. The publishing house proposes special dividend after upbeat annual results. For the financial year ended February 28, pretax profit was up 31% to GBP17.3 million from GBP13.2 million the year before on revenue of GBP185.1 million, up 14% from GBP162.8 million. Bloomsbury declares a total dividend of 8.86 pence per share, an 8% increase on the 8.17p the year before. It also proposes a special dividend of 9.78p.
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Phoenix Spree Deutschland PLC, up 3.4% at 393.00p, 12-month range 269.59-393.00p. Shares in German residential property investor hits 12-month high as it plans a new share buyback programme. Notes the share price continues to trade at a material discount to net asset value. As at June 1, discount stood at 17%, a level it believes does not reflect track record and performance of underlying portfolio and positive outlook following removal of the Berlin rent controls. Company now intends to adopt a more proactive buyback strategy in order to take advantage of the valuation discount. It will make a material allocation of capital to the buyback programme funded through a combination of existing cash balances, refinancing, condominium sale proceeds and the disposal of non-core assets.
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Integrated Diagnostics Holdings PLC, up 0.9% at USD1.12, 12-month range USD0.90-USD17.02. The Africa-focused consumer healthcare firm reports record-breaking quarterly revenue performance on the back of its coronavirus-related test offering. IDH posts revenue for the quarter to March 31 of EGP1.1 billion, around GBP50.8 million, more than double the EGP500 million seen a year before.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Bloomsbury (BMY)
Caffyns (CFYN)
Int Diag Hld (IDHC)
Phoenix Spree D (PSDL)