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SMALL-CAP WINNERS & LOSERS: Hostmore to beat forecasts despite Omicron

Mon, 17th Jan 2022 11:05

(Alliance News) - 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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WAG Payment Solutions PLC, up 13% at 102.94 pence, 12 month range 83.6p-160.45p. The toll and fuel payments processor says trading was strong in fourth quarter and it expects to deliver full-year revenue growth of 18%, standing at at least EUR152 million. Adjusted earnings before interest, tax, depreciation and amortisation to be in line with expectations, helped by revenue growth. Adds it has received clearance from Hungarian Competition Authority and from the Romanian Competition Council for Webeye acquisition.

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Hostmore PLC, up 7.5% at 117.84p, 12-month range 92.75p-156.24p. Operator of American-themed casual dining brand 'Fridays' says revenue for December was 8.3% below pre-virus level, with Omicron causing an increase in cancellations but this offset by new reservations and walk-in demand, reflecting the short-term nature of customer decision making amid uncertainty. Expects Ebitda for year ended January 2 to be "well ahead" of market consensus of GBP18.6 million. "Trading since 3 January 2022 has been more in line with expectations and reflects what is usually a quieter period post the festive season," it adds.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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