SMALL-CAP WINNERS: Gulf Marine wins latest vessel contract

(Alliance News) - The following stocks are leading risers among London Main Market small-caps on Tuesday.

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SMALL-CAP - WINNERS

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Gulf Marine Services PLC, up 6.3% at 16.11 pence, 12-month range 14.8p-24.6p. The Abu Dhabi-based provider of self-propelled and self-elevating support vessels for the offshore energy sector has secured a contract for one of its large-class vessels in the Gulf Cooperation Council region. Says the contract spans 142 days "and will see the vessel continue to support critical offshore operations in the region". Adds: "The addition of this contract represents the company's fourth contract win or extension already this year, which reflects the strength of demand in the market for the company's vessels." "We are thrilled to secure this contract which once again reflects the confidence our clients place in GMS to deliver reliable solutions for their projects," comments Executive Chair Mansour Al Alami.

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Ricardo PLC, up 4.8% at 241p, 12-month range 213p-532p. The Shoreham-by-Sea, England-based environmental and engineering consultancy's largest shareholder Science Group PLC has a 20.08% stake in Ricardo as of Monday, up from 19.09%. Science, engineering and technology investor Science Group calls this "a key strategic investment milestone" and says it bought the shares for an average of 236p each. It notes that this stake "was acquired at levels last seen in 2010 following disappointing Ricardo operating performance and investor loss of confidence. However, since the Ricardo board was evidently unable to manage the company through the 'market headwinds' of 2024, there remains little confidence in the ability to navigate the global storms developing in 2025."

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By Emma Curzon, Alliance News reporter

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