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The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. ---------- SMALL-CAP - WINNERS ---------- Videndum PLC, up 21% at 82.8 pence, 12-month range 48.2p-353.5p. The London-based provider of hardware and software for broadcasters, film studios and other media content creators reports annual results and the completion of an ‘oversubscribed’ placing. Says 9.3 million new shares successfully placed at 85p each, which along with director subscriptions has raised gross proceeds of approximately £8 million, the expected amount when Videndum announced the equity raise earlier on Wednesday. Notes that placing price represents a 24.3% premium to its closing price on Tuesday. In its annual results, the company reports a pretax loss of £103.4 million for 2024, widened from £79.7 million in 2023. Loss per share widened to 155.8p from 157.5p. Revenue decreases to £283.6 million from £315.0 million. Looking ahead, Videndum expects an on-year revenue decline for the first half year but with a stronger second half to follow. Also expects adjusted operating profit margins to improve to low-single-digit levels. ---------- Trifast PLC, up 8.2% at 69.3p, 12-month range 59p-86.4p. The East Sussex, England-based maker of industrial fastenings ‘delivered a strong performance, underpinned by continued focus on its strategic self-help initiatives’ in the year ended March 31. Expects to report £223.0 million in revenue for the year, with adjusted earnings before interest and tax of around £14.8 million, ‘in line with expectations’. Comments: ‘Whilst the macroeconomic backdrop is evolving and remains uncertain, we are confident of delivering further performance improvement through management actions and remain well-positioned for growth within our target sectors. As a result, we are confident in...our ability to deliver against our medium-term margin and returns targets.’ Chief Executive Officer Iain Percival comments: ‘The balance sheet is in good shape, margins are steadily improving, and new business is being won in our targeted high-growth sectors. We remain ever mindful of the evolving backdrop but are confident that through our own actions we can deliver increasing profits.’ ---------- SMALL-CAP - LOSERS ---------- HydrogenOne Capital Growth PLC, down 5.3% at 19.8p, 12-month range 19.575p-57.7p. The investor in clean hydrogen companies says net asset value per share was 90.39 pence as of December 31, down from 102.99p one year prior. NAV return was negative 12.2%, against the previous year’s positive 5.8%. Operating pretax loss totals £16.2 million, against a profit of £7.3 million in 2023. Going forward, HydrogenOne comments: ‘Growth in the clean hydrogen sector continued to accelerate, despite recent project announcements, weak macroeconomic conditions and political uncertainties.’ Says it expects green hydrogen production to reach 3.0 million tonnes per annum by 2027, which would represent a fifteen-fold increase from 2024 levels. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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