SMALL-CAP WINNERS & LOSERS: Videndum refinances; Capita swings to loss

Tue, 10th Mar 2026 10:39

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

----------

SMALL-CAP - WINNERS

----------

Great Southern Copper PLC, up 16% at 2.79 pence, 12-month range 1.72p-5.20p. The miner, focused on copper-gold-silver exploration in Chile, reports high-grade results from a step-out hole at its Mostaza discovery within the Cerro Negro prospect in Chile, extending mineralisation to over 400 metres of strike and confirming the system remains open to the south and at depth. The company highlights intercepts including 21.8 metres at 1.0% copper and 52.26 grams per tonne silver, with higher-grade zones of 6.0 metres at 2.6% copper and 1.6 metres at 6.6% copper and 319.75 grams per tonne silver. Great Southern says planning for a fully funded phase IV drilling campaign is underway to support resource growth.

----------

Nuformix PLC, up 15% at 0.30 pence, 12-month range 0.068p-0.56. The London-based developer of treatments for fibrosis and oncology says the US Food & Drug Administration grants orphan drug designation to its tranilast lysate candidate for the treatment of idiopathic pulmonary fibrosis. Nuformix says the designation provides regulatory incentives, including potential market exclusivity in the US.

----------

SMALL-CAP - LOSERS

----------

Videndum PLC, down 62% at 3.77p, 12-month range 3.22p-147.53p. The Richmond, London-based provider of broadcasting hardware and software announces a comprehensive refinancing, including an underwritten GBP85 million equity raise at 270 pence per share, upsized from GBP70 million following strong institutional demand. Videndum says the transaction reduces pro forma net debt at 31 December 2025 by GBP111.7 million to GBP31.2 million, supported by the equity raise, the equitisation of GBP23 million of revolving credit facility debt and the write-off of GBP15.8 million by lenders. The company says the refinancing materially improves its capital structure and liquidity, with completion expected on 30 March, and reiterates expectations for revenue growth in financial 2026.

----------

Capita PLC, down 14% at 301.50p, 12-month range 168.00p-415.50p. The London-based outsourcer reports 2025 revenue of GBP2.31 billion, down from GBP2.42 billion a year earlier, and swings to a pretax loss of GBP170.9 million from a GBP116.6 million profit. Capita says total contract value rises 36% to GBP2.06 billion and expects to generate GBP20 million to GBP40 million of free cash flow in 2026, although it guides to a small fall in adjusted operating margin amid ongoing challenges. The company says it aims to transform into an AI-led business process outsourcer. Separately, RBC Capital Markets cuts its price target to 450 pence from 480 pence, retaining an ‘outperform’ rating.

----------

By Eva Castanedo, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Risers and Fallers Market News