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SMALL-CAP WINNERS & LOSERS: McColl's slumps; Polymetal revenue rises

Mon, 25th Apr 2022 11:14

(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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Esken Ltd, up 5.8% at 10.47 pence, 12-month range 9.49p-38.55p. Snaps three-day losing streak with a solid advance so far on Monday. The stock had fallen 2.1% on Wednesday, 4.0% on Thursday and 1.0% on Friday. The Carlisle, England-based company works in infrastructure, aviation and energy services.

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Polymetal International PLC, up 6.6% at 287.68 pence, 12-month range 0.92p-299.90p. The gold producer backs annual guidance and says revenue rose in its first quarter, despite sanctions heaping "tremendous pressure" on the company. Revenue for the recent quarter rises 3.9% year-on-year to USD616 million from USD593 million. The stock, beleaguered by Russia's invasion of Ukraine, is down 78% so far this year. It is a former FTSE 100 listing.

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SMALL-CAP - LOSERS

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BlackRock World Mining Trust PLC, down 9.0% at 656.03p, 12-month range 492.00p-804.98p. The mining sector investor falls, as its investees struggle. Anglo American PLC is down 6.8%, Glencore PLC falls 6.3% and in Amsterdam, ArcelorMittal SA slumps 7.4%.

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McColl's Retail Group PLC, down 52% at 1.88p, 12-month range 1.06p-39.80p. The convenience store chain said it saw "softer" trading over Easter and warned on the outcome of financing solution talks. McColl's is discussing a financing solution with commercial partner and lenders to resolve its short-term funding issues. "It should be noted that even if such a successful outcome is achieved it is increasingly likely to result in little or no value being attributed to the group's ordinary shares," the company said. On trading, McColl's said fortunes since late-February have been "mixed". It ends its financial year in late-November but is yet to release results for financial 2021.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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