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The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. ---------- SMALL-CAP - WINNERS ---------- Vinanz Ltd, up 5.4% at 13.70 pence, 12-month range 12.50p-23.00p. The bitcoin treasury company announces the purchase of 16.9 bitcoin, for $1.7 million in total, $103,341 on average per coin. ‘We regard bitcoin not just as an asset - but as a superior form of money. Unlike fiat currencies, bitcoin offers hard-coded scarcity, transparency, and decentralisation,’ Chair David Lenigas says. ---------- Camellia PLC, up 4.5% at 5,302.00p, 12-month range 4,060.00p-5,400.00p. The agriculture firm sets out a ‘value enhancement plan’. The firm is aiming to improve operating results, invest in growth and ‘reduce overall risk’. Camellia says: ‘Camellia will support improvement in the operating companies performance through higher maintenance capital expenditure as well as new growth capital investment. Investments will be made in areas such as water resilience, farm technology, factory efficiency, power supply resilience, farm mechanisation and crop diversification, as well as upskilling management teams.’ Its operating firms will look for ‘organic investment’ and ‘low-risk diversification through inorganic investments’. It adds: ‘The VEP aims to mitigate inherent risks, such as the impact of climate change, and thereby reduce volatility of earnings. This will be delivered through more diversification across business models, crops and geography, as well as improved workforce management and productivity. Actions have already begun in this area through the establishment of avocado farms in Tanzania, the sale of parts of the property portfolio and the sale of Chulsa tea estate in India.’ Camellia also announces a return of up to £18.9 million to shareholders through a tender offer at £54.00 per share. The price is a 6.4% premium to its closing price on Friday. ---------- Pensana PLC, up 4.1% at 40.39p, 12-month range 13.00p-40.90p. The rare earth explorer announces that construction begins at the Longonjo asset in Angola. ‘The commencement of main construction activities is a pivotal moment for the project which has been six years in the making. Early momentum has been established under the leadership of our on-site team headed by (country manager) Geraldine Tchimbali and (site service manager) Benedito Dumbo and now with the engineering and construction teams mobilised we are looking forward to substantive progress over the coming weeks,’ Chief Executive Officer Tim George says. ---------- SMALL-CAP - LOSERS ---------- Tharisa PLC, down 8.9% at 56.00p, 12-month range 48.68p-87.10p. It says half-year earnings were down sharply due to bad weather and lower chrome prices. The platinum miner expects basic earnings per share to be between US2 cents and US 3 cents for the six months ended March 31, with a tolerance of 10%, down as much as 84% from 12.8 cents a year prior. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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