(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Palace Capital PLC, up 2.5% at 253.25 pence, 12-month range 167p-268p. Reports EPRA net tangible assets per share of 350p at March-end, down from 364p a year ago but up from 347p at end of September 2020, reflecting recovery in second half of financial year. "We are in fine shape and, with the positive progress being made in our disposals programme, are well positioned to recycle our capital into attractively priced, accretive investment opportunities, which we believe will emerge in the coming months. This has given us the required confidence to increase the quarterly dividend by 20% to 3.0p," says Chief Executive Neil Sinclair.
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Halfords Group PLC, up 2.1% at 397.25p, 12-month range 130p-409.4p. RBC initiates the motoring and cycling retailer with an Outperform rating. "We see opportunity for market share gains from its growing Autoservices business and expect that its more integrated strategy should help to sustain some of the topline gains it has seen over the course of the pandemic," says RBC.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Palace Capital (PCA)
Halfords (HFD)