SMALL-CAP WINNERS & LOSERS: FitzWalter drops Auction Technology bid

Mon, 02nd Feb 2026 10:54

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Amigo Holdings PLC, up 22% at 3.06 pence, 12-month range 4.00p-0.16p. The West and Central Africa-focused gold exploration company jumps as Spreadex buys a 6.06% stake in the firm, up from none reported.

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CAB Payments Holdings PLC, up 4.0% at 75.11p, 12-month range 77.43p-37.05p. The Helios consortium says it is seeking the recommendation for an increased possible offer to buy CAB Payments. The consortium comprises Helios Fund V and Helios Fairfax Partners. It holds, controls, or has received a letter of support for the increased possible offer for just over 50% of CAB Payments shares. Under the increased possible offer, CAB shareholders would receive USD1.15 in cash per share. Should a firm offer be made, the consortium would also make a partial unlisted share alternative available. The increased possible offer represents a value of USD292 million for CAB Payments. "The Helios consortium believes after CAB Payments' challenging period as a listed company, including a profit downgrade, executive leadership change and a withdrawn possible offer from StoneX Group, the long-term success of the business will be better supported under the Helios consortium's private ownership," it says. The consortium must announce a firm intention to make an offer or that it does not intend to make an offer by the end of March 2.

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SMALL-CAP - LOSERS

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Tullow Oil PLC, down 11% at 7.18p, 12-month range 21.61p-3.51p. Shares in the oil and gas producer in Ghana and the Ivory Coast fall as Brent oil trades lower at USD66.03 a barrel from USD69.76 on Friday.

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Auction Technology Group PLC, down 6.5% at 289.00p, 12-month range 638.00pp-259.50p. FitzWalter Capital says it does not intend to make an offer for Auction Technology Group. Last week, FitzWalter was informed that the board of the auction operator unanimously rejected its proposed offer of 400 pence per share. FitzWalter says it has decided not to make an offer "in light of the board's rejection and refusal to facilitate access to due diligence".

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By Michael Hennessey, Alliance News reporter

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