(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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Starwood European Real Estate Finance Ltd, up 0.1% at 91.73 pence, 12-month range 86.68p - 97.60p. The real estate debt-focused investors posts an improved net asset return in 2022, as it maintains it payout. Net asset value per share at December 31 rises to 105.20p per share, from 103.09p at the same time a year prior. Total NAV return in 2022 is 7.7%, compared to 4.6% in 2021. Maintains dividend at 5.5p per share. Company says: "As anticipated, and as in the past, we are pleased to report that the group's NAV has once again remained stable during the year demonstrating the highly resilient credentials of the asset class that contributes to its success as a reliable source of alternative income. We do not expect to see significant movements in NAV as the group's loans are held at amortised cost and Euro exposures are hedged."
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SMALL-CAP - LOSERS
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Supply@Me Capital PLC, down 13% at 0.041 pence, 12-month range 0.035p - 0.19p. Notes that TradeFlow Capital Management Pte Ltd, its wholly-owned subsidiary, has informed the board of its intention to exercise its rights to buyback 100% of its share capital under the earn out arrangements entered by into as part of Supply@Me's acquisition of TradeFlow. Says that an independent valuer for TradeFlow has yet to be agreed by itself and TradeFlow. In the meantime, TradeFlow remains a wholly-owned subsidiary.
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James Fisher & Sons PLC, down 7.8% at 288.50 pence, 12-month range 242.00p - 415.50p. The marine services provider delays the publication of its annual results by a month to allow additional time for it to complete discussions on its existing debt facilities. Publication date will now be April 28. Company adds it it is also required to resolve certain technical restrictions regarding the sale of James Fisher Nuclear Holdings Ltd earlier this month, which have been waived through to April 28. In addition, the company says its 2022 underlying operating profit from continuing operations was broadly in line with 2021. It expects revenue from continuing operations to be around GBP475 million, up 7.4% from GBP442.4 million in 2021. James Fisher says it has made an encouraging start to 2023 across January and February, in line with its expectations and above levels observed in the equivalent periods during 2022.
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By Heather Rydings, Alliance News senior economics reporter
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James Fisher and Sons (FSJ)
Supply@me Cap (SYME)
Starwood Eur (SWEF)