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The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. ---------- SMALL-CAP - WINNERS ---------- Hamak Strategy Ltd, up 49% at 1.57 pence, 12-month range 7.50p-0.36p. The Africa-focused gold exploration firm and digital asset treasury manager says all conditions for the proposed convertible loan note have been satisfied and it has instructed the drawdown of net funds. It says the gross amount of the CLN is revised to £2.5 million. ‘This funding package will provide Hamak with flexibility to pursue its stated dual strategy of investing in opportunities in the gold exploration and mining sector as well as strengthening its balance sheet through the balanced acquisition of bitcoin and physical gold at opportune times in the market,’ says Chair Nick Thurlow. The CLN has interest at 4% per year, with loan maturity 12 months after drawdown. ---------- ASA International Group PLC, up 11% at 194.00p, 12-month range 228.00p-65.45p. The international microfinance firm says underlying and reported net profit for 2025 will ‘significantly exceed’ the current company-compiled market consensus of $48.3 million. It says this builds on the ‘sustained performance’ of the first half of the year. It notes ‘improved business and financial performance driven by continued strong client demand and loan portfolio growth’. ---------- SMALL-CAP - LOSERS ---------- GCP Asset Backed Income Fund Ltd, down 3.2% at 68.35p, 12-month range 79.52p-62.20p. The investor in UK-based asset backed loans goes ex-dividend on Thursday, meaning new buyers do not qualify for the payout of its 1.58p fourth quarterly dividend. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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