SMALL-CAP WINNERS & LOSERS: Kelso invests in Saga; Liontrust falls

Tue, 06th Jan 2026 10:02

(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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RC365 Holding PLC, up 31% at 1.90 pence, 12-month range 4.30p-0.86p. On Monday, the payment solutions and fintech company notes the recent rise in its share price and confirms it knows of no reason for the increase. Back in December, RC365 said it was preparing for public launch of the RC3.0 app, planned to be released in the early first quarter of 2026, which it says will introduce enhanced functionality.

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Saga PLC, up 4.3% at 400.00p, 12-month range 402.00p-108.28p. Kelso Group Holdings PLC completes its investment in the Kent, England-based provider of products and services for people over 50. Kelso buys 400,000 shares at an average price of 386.5p in January. Kelso says it believes there is "significant upside" in Saga's share price compared to peers. "We believe Saga's management have done an excellent job turning Saga around in the last 5 years and materially reducing the debt while growing pre-tax profit," says Kelso Chair Nigel Knowles. "We believe Saga has the ability, with its focus on travel with ancillary financial services, to return to being a multibillion pound company."

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SMALL-CAP - LOSERS

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Liontrust Asset Management PLC, down 5.8% at 251.56p, 12-month range 485.00p-246.00p. Deutsche Bank Research cuts its rating for the London-based fund manager to 'sell' from 'hold'. It lowers its price target for the stock to 175p from 250p.

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East Star Resources PLC, down 2.3% at 3.27p, 12-month range 4.40p-0.81p. Oberon Investments Ltd cuts its stake in the Kazakhstan-focused gold and base metals explorer to 4.50% from 6.24% as of Tuesday. The share price has jumped from 1.15p over the last 12 months but is down from a high of 4.10p in December.

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By Michael Hennessey, Alliance News reporter

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