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The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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Just Eat Takeaway.com NV, up 10% at 2,346.50 pence, 12-month range 1,054.80p - 4,084.50p. The online food delivery marketplace swings to earnings on an adjusted basis in the second half of last year and for 2022 as a whole. Adjusted earnings before interest, tax, depreciation and amortisation total €150 million in the second half of 2022, from negative €134 million in the first half. This means the food delivery app posts positive adjusted Ebitda of €16 million for all of 2022, swinging from negative €350 million in 2021. Just Eat says the performance was driven by improved revenue per order, improved delivery costs per order, and lowered overheads. Just Eat expects positive adjusted Ebitda of €225 million in 2023.
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Triad Group PLC, up 4.1% at 98.90 pence, 12-month range 77.00p - 180.00p. Notes the ‘speed and vigour’ of its recovery from ‘extraordinary’ delays experienced for months during the summer of 2022. The information technology consultancy says it is now looking forward to a ‘very strong’ fourth quarter. This will also likely be the basis for a ‘successful’ following year, it says.
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SMALL-CAP - LOSERS
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GSTechnologies Ltd, down 5.8% at 0.57 pence, 12-month range 0.47p - 2.84p. Receives a conversion notice from its loan facility provider to convert $275,000 of its loan facility, and the associated $27,500 of interest, into new shares. The conversion price is set a 0.491334p per share. It will result in 50.6 million shares being issued to the loan facility provider. Following the conversion, $525,000 will remain under the loan facility, the internet of things-focused technology firm adds.
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Amigo Holdings PLC, down 3.7% at 2.89 pence, 12-month range 1.63p - 10.00p. Expects the volumes limits associated with the pilot lending period to be removed once the UK Financial Conduct Authority is satisfied with the outcomes testing on the pilot. This relates to a scheme of arrangement condition for the firm to return to lending by February 26. Amigo will remain limited to cumulative net originations of no higher than £35 million, until it has completed a further minimum GPB15 million contribution from the proposed capital raise by no later than May 26. The limit of £35 million is a requirement of its scheme of arrangement and is not subject to FCA approval. The scheme allows Amigo to pay compensation to customers with a claim for redress for mis-sold loans.
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By Heather Rydings, Alliance News senior economics reporter
Comments and questions to newsroom@alliancenews.com
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