(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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De La Rue, up 6.3% at 162.64 pence, 12-month range 40.3p-187p. The polymer and security printed products manufacturer says it has seen positive trading in its financial year that started March 29 last year. As a result, it expects adjusted operating profit for the current financial year in the range of GBP36 million to GBP37 million, versus current market expectations at GBP34 million. "The board is confident of these expectations, absent any significant unforeseen COVID-19 related event. The company remains diligent on its COVID-19 safety measures and has year-to-date effectively mitigated the challenges of the pandemic," De La Rue said.
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SMALL-CAP - LOSERS
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SME Credit Realisation Fund, down 10% at 64.49p, 12-month range 48p-86.9p. The credit investment fund went ex-dividend on Thursday, meaning new buyers no longer qualify for the latest payout. Stocks Spirits, down 5.8%, also went ex-dividend on Thursday.
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Tullow Oil, down 7.4% at 25.40p, 12-month range 7.17p-54.78p. The stock was extending losses on Thursday after declining 12% on Wednesday. The South America and Africa-focused oil and gas company on Wednesday said it expects 2020 revenue to be about GBP1.4 billion, as working interest oil production averaged 74,900 barrels of oil per day, in line with its prior guidance. For comparison, 2019 revenue was USD1.7 billion, with production at 86,700 barrels per day.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Tullow Oil (TLW)
De La Rue (DLAR)