(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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International Personal Finance PLC, up 7.2% at 84.70 pence, 12-month range 32.55p-170p. The Leeds, England-based provider of home credit, and owner of fintech business IPF Digital, swings to loss for 2020 overall but reports a "resilient" trading performance in second half. Revenue for 2020 falls to GBP661.3 million from GBP889.1 million in 2019, and swings to pretax loss of GBP40.7 million from profit of GBP114.0 million. Notes that credit issued in 2021 to date continues to show "encouraging trends" with year-on-year improvements that are ahead of the final quarter of 2020.
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Norcros PLC, up 6.8% at 250.88p, 12-month range 119p-262.98p. The kitchen and bathroom products supplier says strong trading momentum has continued, with revenue in four months from the half-year to February 7 being 117% of the prior year on a like-for-like constant currency basis. Adds it will be recommending a final dividend for financial year ending March 31, and expects to report underlying profit for year of no less than GBP28 million, ahead of current market expectations of around GBP25 million.
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SMALL-CAP - LOSERS
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Card Factory, down 9.0% at 65.50p, 12-month range 22p-85.2p. The greeting cards retailer was retreating after a strong start to the week, rising 21% on Monday and a further 29% on Tuesday. On Friday afternoon, Card Factory said it was in talks with its banking syndicates and noted its banks had provided further waivers in respect of anticipated covenant breaches until March 31, 2021. Even with Wednesday's fall, the stock has still gained 52% since the start of the year.
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By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Inter. Pers. (IPF)
Card Factory (CARD)
Norcros (NXR)