SMALL-CAP WINNERS & LOSERS: CLS Holdings narrows annual loss

Fri, 13th Mar 2026 10:15

(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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Kosmos Energy Ltd, up 6.5% at 181.00 pence, 12-month range 63.00p-206.00p. The Dallas, Texas-based energy firm says four directors and executives acquired shares in its recently priced underwritten public offering that closed on Thursday, at USD1.90 per share. Chair and Chief Executive Andrew Inglis buys 315,790 shares, Chief Financial Officer Neal Shah purchases 157,894 shares, director J. Michael Stice acquires 52,631 shares, and director Adebayo Ogunlesi buys 3,157,895 shares on Wednesday on the New York Stock Exchange. The purchases follow Kosmos pricing of a 97.5 million share offering at USD1.90 per share to raise USD185.3 million in gross proceeds, with net proceeds earmarked for debt repayment.

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Touchstone Exploration Inc, up 6.5% at 181.00p, 12-month range 63.00p-206.00p. The onshore oil and gas producer in Trinidad & Tobago benefits from a renewed surge in crude prices amid escalating conflict in the Middle East. Brent crude trades at USD100.28 a barrel early Friday, up from USD98.65 late Thursday and after swinging back above the USD100 level overnight. Oil prices rise despite 32 countries agreeing earlier this week to release 400 million barrels from strategic reserves in a bid to calm markets.

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SMALL-CAP - LOSERS

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BSF Enterprise PLC, down 36% at 0.80p, 12-month range 0.54p-4.00p. The London-based biotech company says its proposed GBP15 million equity fundraise and capital reorganisation are mutually terminated. BSF confirms its GBP300,000 convertible loan note will continue on the same terms with a 12-month extension, repayable in cash or convertible at the next capital raise price. The firm says it is in talks with alternative parties to raise funds at group level and for subsidiaries Lab-Grown Leather Ltd and Kerato Ltd, with discussions ongoing.

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CLS Holdings PLC, down 11% at 51.60p, 12-month range 50.78p-73.50p. The London-based commercial property investment company reports a 2025 pretax loss of GBP61.9 million, narrowed from a GBP97.4 million loss a year prior, as revenue falls to GBP139.7 million from GBP151.9 million. CLS declares a dividend of 4.0 pence per share, down 24% from 5.28p the year before. Chief Executive Officer Fredrik Widlund says: "In 2025, CLS has focused on achieving its strategic priorities, concentrating on what is within our control and continuing to navigate a prolonged downturn in the property cycle amid significant domestic and international economic and political uncertainty. We are clear on what we need to do to refocus the business and drive operational efficiency, strengthen our balance sheet and position our assets for long-term growth: we made good progress in 2025 and expect that to continue in 2026."

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By Eva Castanedo, Alliance News reporter

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