(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
----------
SMALL-CAP - WINNERS
----------
Harworth Group PLC, up 3.1% at 176.74 pence, 12-month range 124.00p-193.30p. The land and property regenerator posts highest annual total return to date. Posts EPRA net asset value per share at December 31 of 197.60p, up from 160.00p a year prior, and 2021 total return of 25%, up from 3.0% in 2020. Harworth declares 2021 total dividend of 1.2p, down from 1.8p in 2020. "Order books and demand for developable land from housebuilders, and rental product from investors, are robust, with prices rising ahead of inflation and cost increases, and the end of the stamp duty holiday having remarkably little impact on buyer demand," Harworth says, looking ahead.
----------
Caracal Gold PLC, up 2.4% at 1.02p, 12-month range 0.85p-1.90p. The east African gold producer says construction of its new heap leach plant is on schedule and is expected to boost cash flow, in line with the company's projections. Says this underscores commitment to increase production to 24,000 ounces per annum at its Kilimapesa gold mining and processing site in Kenya.
----------
ScS Group PLC, up 1.8% at 185.00p, 12-month range 145.49p-340.50p. The upholstered furniture and flooring retailer says it expects full year profit in line with market expectations, as interim period hurt by supply chain disruption. For the six months to January 29, posts pretax loss of GBP3.6 million, swinging from pretax profit of GBP17.7 million last year on revenue of GBP145.9 million, down from GBP173.9 million. ScS ups interim dividend by 50% to 4.5p from 3.0p last year. In addition, ScS has also decided to commence a GBP7 million share buyback programme.
----------
Luceco PLC, up 1.3% at 235.96p, 12-month range 184.40p-513.00p. The LED products maker hails strength of its business model which it says has enabled market outperformance. For 2021, pretax profit falls 0.9% to GBP33.3 million from GBP33.6 million in 2020, but revenue climbs 30% to GBP228.2 million from GBP176.2 million. Luceco lifts 2021 payout by 31% to 8.1p per share from 6.2p. Separately, Luceco says it has acquired EV Charge Points UK, trading as Sync EV, for GBP10 million in cash. "We have strong positions in attractive markets with an advantaged business model and a clear strategy. We have a well-funded business with clear growth opportunities, particularly from our recent entry into the electrical vehicle charger market," says Chief Executive Officer John Hornby.
----------
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Luceco (LUCE)
Harworth Gp (HWG)
Caracal Gold (GCAT)