(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
EnQuest PLC, up 9.8% at 32.05 pence, 12-month range 15.16p-32.20p. The oil and gas company swings to pretax profit in 2021 amid higher oil prices. For 2021, swings to pretax profit of USD352.4 million, swinging from USD566.0 million loss in 2020 on revenue of USD1.27 billion, up from USD863.9 million. EnQuest says it has started 2022 well, with production to the end of February averaging 50,408 barrels of oil equivalent per day, towards the top end of the full year guidance range.
----------
WAG Payment Solutions PLC, up 8.9% at 89.29p, 12-month range 80.10p-160.45p. The toll and fuel payments processor says it achieved key objectives on its medium-term financial guidance set out at its initial public offering in October. For 2021, revenue rises to EUR1.65 billion from EUR1.25 billion in 2020 but pretax profit falls to EUR17.7 million from EUR28.8 million following non-recurring IPO-related expenses. "Based on current trading, and assuming no worsening of the current environment, our expectations for 2022 are unchanged, and we anticipate delivering results in line with our mid-term financial guidance," company says.
----------
SMALL-CAP - LOSERS
----------
McColl's Retail Group PLC, down 4.4% at 1.96p, 12-month range 1.06p-39.48p. The convenience store chain says Chief Executive Officer Jonathan Miller had stepped down immediately in the wake of a profit warning last month. McColl's says search to appoint a new CEO is in progress and is confident of concluding search in near future. Pending the appointment, Angus Porter, currently non-executive chair, has assumed role of executive chair on a temporary basis. Further, Chief Operating Officer Karen Bird has become interim CEO, it says.
----------
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Mccoll's (MCLS)
Enquest (ENQ)
Wag Payment (WPS)