(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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Amigo Holdings PLC, more than doubled on day at 0.70 pence, 12-month range 0.14p-7.00p. Shares closed at 0.32p on Thursday. The company agrees to an exclusivity agreement with Michael Fleming to explore finding and completing a debt investment. The mid-cost credit provider notes Fleming is a financier and shareholder. The announcement comes after the company said that it had started an orderly solvent wind-down in March after an unsuccessful capital raise process. Amigo tempered expectations, however, cautioning that "there remain significant impediments to any new capital being made available to the business".
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Costain PLC, up 1.1% at 47.60 pence, 12-month range 32.10p-61.80p. The stock recovers a fraction of the 13% slump suffered on Thursday. The infrastructure construction firm on Thursday said it was removed from a UK infrastructure project. It agreed with National Highways that its involvement in the A66 Northern Trans-Pennine upgrade project "will come to an organised and managed end". "Costain is one of four parties involved in the A66 and this project was included in our preferred bidder book and therefore this decision has no impact on the group's order book," the company reassured investors on Thursday.
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SMALL-CAP - LOSERS
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DWF Group PLC, down 1.7% at 51.10p, 12-month range 51.10p-109.00p. The stock sets new 12-month low on Friday, and has failed to register a daily share price rise since last week Tuesday, when shares rose 2.9%. The losing streak the legal business has suffered came after it predicted annual revenue growth. It said last week that it expects to report net revenue of about GBP380 million for the financial year ended April 30, growth of around 8.5%. Shares are down 20% since May 30.
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By Eric Cunha, Alliance News news editor
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Amigo (AMGO)
Costain (COST)