(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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Nanoco Group, up 4.7% at 20.50 pence, 12-month range 8.20p-30.90p. The quantum dots manufacturer completes a non-dilutive subscription for loan notes by its major shareholders, raising gross proceeds of GBP3.2 million. Lombard Odier Asset Management (Europe) and ORA Capital subscribed for 4.5 million Nanoco shares overall. The proceeds from the subscription extend Nanoco's organic business cash runway beyond the point of visibility on commercial production orders, it says.
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STV Group, up 2.2% at 363.75p, 12-month range 210p-370p. STV Player signs content deal after partnering with Banijay Rights to bring over 1,200 hours of new programming to the free streaming service. The move comes as the company reports advertising trends improvement through 2021, with total advertising revenue growth of 32% year-on-year in the six months to June 30. Total advertising revenue is up 5% on the same period in 2019, pre Covid. Online viewing is also up in the first half, by 66%, and streams up 94%.
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Aberdeen New Dawn Investment Trust, up 1.7% at 328.62p, 12-month range 149p-369p. The investment firm keeps its dividend unchanged for the year to the end of April at 4.30p per share. During the year, the company bought back 1.6 million shares, representing 1.5% of the issued share capital. The trust reports net asset value as at the end of April of 369.97p, up 41% from 261.63p recorded the year prior.
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SMALL-CAP - LOSERS
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Costain, down 2.3% at 57.48p, 12-month range 30.35p-75.40p. The infrastructure solutions company continues to operate "productively", with safety measures in place across all contracts. The company says it continues to secure new contracts, underpinning its confidence in delivering further growth in profit. The order book at June 30 stands at GBP4.0 billion versus GBP4.2 billion the year before.
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By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Stvg (STVG)
Costain (COST)
Nanoco (NANO)