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SMALL-CAP WINNERS & LOSERS: McColl's falls as commercial head departs

Fri, 14th Jan 2022 10:53

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Trident Royalties PLC, up 3.1% at 38.13 pence, 12-month range 30.30p-47.00p. The mining royalty & streaming firm says it has generated its first revenue under the gold offtake streams acquired from Orion Resource Partners. Trident has acquired 1,858 ounces of gold, and sold them for a margin of USD30.68 per ounce, leading to a total cash flow of USD57,001 and a net smelter return equivalent margin of 1.7% for the batch.

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SMALL-CAP - LOSERS

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McColl's Retail Group PLC, down 5.1% at 10.91p, 12-month range 10.81p-11.70p. The convenience store chain says Chief Commercial Officer Richard Crampton has resigned in order to take up the position of director of Fresh Food at blue-chip grocer J Sainsbury PLC. Crampton was added to the company's board last May. Current Chief Operating Officer Karen Bird will assume responsibility for the commercial side, alongside her existing duties.

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Senior PLC, down 1.4% at 139.90p, 12-month range 90.80p-186.71p. The aerospace parts maker says a recovery was "underway" in 2021, as annual results are expected to meet expectations. It predicts annual revenue would be as expected: roughly GBP659 million, a 10% decrease from GBP733.6 million in 2020, the first quarter of which was unaffected by the pandemic. Anticipates adjusted pretax loss tax will also be in line with management's expectations.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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