SMALL-CAP WINNERS & LOSERS: Majedie enters GBP15 million one-year RCF

Tue, 26th Aug 2025 10:40

(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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EnQuest PLC, up 1.9% at 12.98 pence, 12-month range 10.34p-16.5p. The UK North Sea and South East Asia-focused energy company has signed production sharing contracts, alongside its joint venture partners and Indonesia's government, for the Gaea and Gaea II exploration blocks in Papua Barat. The PSCs make EnQuest the operator with a 40% participating interest in the blocks. The JVs Tangguh and PT Agra Energi Indonesia have 40% and 20% interests, respectively. BP Exploration Indonesia Ltd is part of the Tangguh JV. EnQuest says the PSCs mark its "entry into Indonesia" and align it to "work closely with the [JV] partners to realise the potential within the blocks". Says the prospectivity "may add significant upside to EnQuest's established South East Asia portfolio, a region from which the group expects to deliver more than 35,000 [barrels of oil equivalent per day] of production by 2030".

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SMALL-CAP - LOSERS

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Majedie Investments PLC, down 2.5% at 236.06p, 12-month range 224p-280p. The investment trust, which targets long-term capital growth alongside regular dividend payments, has entered a one-year GBP15 million revolving credit facility with BNP Paribas. "The board believes that the RCF will provide the company with enhanced flexibility in its approach to employing leverage within its operations," Majedie says.

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By Emma Curzon, Alliance News reporter

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