(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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ScS Group PLC, up 10% at 320.01p, 12-month range 140-340.5p. The furniture and flooring retailer ups annual outlook and resumes payout as orders surge post-lockdown. In the 46 weeks ended June 12, like-for-like order intake was 11% higher annually, though down 9.5% from financial 2019. "The board is delighted to report that, following the reopening of our stores, performance has been very encouraging," ScS says. For the current financial year, ending July 31, ScS expects its performance to be "ahead of market expectations", and its outlook for the next financial year is "substantially" higher than market forecasts. ScS declares 3.0p per share interim payout.
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SMALL-CAP - LOSERS
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Dukemount Capital PLC, down 7.3% at 0.39p, 12-month range 0.38p-1.2p. The property developer secures funding for joint venture agreement with HSKB Ltd. Funding is GBP6.5 million facility to be provided by Global Corporate Finance Opportunities 14, in which Alpha Blue Ocean acted as arranger by way of convertible loan notes.
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Made.com Group PLC, trading at 188.81p, down 5.6% from IPO price of 200p. Conditional dealings in the online furniture retailer's shares began in London on Wednesday, with unconditional dealings to follow on Monday. London-based Made sells its sofas, armchairs and other furniture in the UK, Germany, Switzerland, Austria, France, Belgium, Spain and the Netherlands through its eponymous website. Made valued its initial public offering at 200p per share, which gave the company a GBP775.3 million market capitalisation on admission.
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By Lucy Heming;Â lucyheming@alliancenews.com
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Dukemount Capi. (DKE)