(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Amigo Holdings PLC, up 2.5% at 5.44 pence, 12-month range 1.63p-15.00p. The guarantor loans provider outlines plans to finally resume new lending, after a hiatus of about two years, though under a new brand name. Amigo plans to lend under the RewardRate brand, offering two types of financing - a guarantor loan and a personal loan. No new lending will take place under the Amigo brand, the company said. Amigo had paused all lending in November 2020 due to the Covid-19 pandemic. It had then agreed with the UK Financial Conduct Authority that it would not lend again with regulatory approval.
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Supply@Me Capital PLC, up 1.1% at 0.08p, 12-month range 0.06p-0.48p. The inventory monetisation platform forms strategic alliance with the VeChain Foundation - a blockchain enterprise service provider - to provide up to USD10 million of funding for inaugural inventory monetisation transactions.
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SMALL-CAP - LOSERS
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Mode Global Holdings PLC, down 10% at 7.39p, 12-month range 6.25p-54.00p. The bitcoin banking app books higher administrative costs for 2021. Mode says its administrative costs rose by GBP5.9 million in 2021 largely reflecting higher "people costs" and share option expenses. Advertising spend rises to GBP1.4 million from GBP188,000. Mode also says revenue increased to GBP1.3 million from GBP450,000 in 2020. According to data from CoinDesk, bitcoin prices have fallen 1.5% over the past 24 hours to USD21,110 each.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Amigo (AMGO)
R8 Capital Inv (MODE)
Supply@me Cap (SYME)