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The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. ---------- SMALL-CAP - WINNERS ---------- SThree PLC, up 7.9% at 185.6 pence, 12-month range 137.4p-296p. Performance in the financial year that ended November 30 is in line with its previously guided £25 million pretax profit, but more than halved from £67.6 million in financial 2024, alongside a 12% year-on-year fall in group net fees. The science, technology, engineering and mathematics-focused staffing firm reports net fees of £322.7 million, down 12% from £369.1 million the year before. Performance improves sequentially through the year, with the US returning to growth and partly offsetting weaker conditions in Europe, SThree says. By region, US net fees rise stlightly to £83.2 million from £82.0 million. Germany net fees fall 16% to £94.1 million from £111.8 million, while the Netherlands drops 24% to £54.1 million from £71.0 million. UK net fees decline 27% to £27.7 million from £38.3 million. Japan records growth, with net fees up 20% to £12.5 million from £10.6 million. SThree says contract recruitment, which accounts for 84% of group net fees, declines 12% year-on-year, while permanent placement fees fall 9%. The contractor order book slips 2% to £157 million, representing around five months of net fee visibility. SThree enters financial 2026 in a ‘stronger position’ and confirms previous guidance for financial 2026 pretax profit to be around £10 million, halved again from financial 2025’s result. ---------- BSF Enterprise PLC, up 7.2% at 2.25p, 12-month range 1.3p-3.65p. Subsidiary 3D Bio-Tissues signs a commercial supply agreement with South Korean cultivated-meat firm SeaWith, worth around £300,000. Under the deal, 3D Bio-Tissues supplies its City-Mix cell-culture product to support SeaWith’s cultivated beef production, with the technology expected to cut growth-media costs by around 30% and support scalable ---------- SMALL-CAP - LOSERS ---------- Macau Property Opportunities Fund Ltd, down 21% at 6p, 12-month range 6p-26.8p. The Macau-focused property investment company, which back in November announced plans to raise £1.7 million, says it is expected to be in default on its Penha Heights banking facilities after it does not complete scheduled loan instalment payments. The company warns that lenders are contractually entitled to demand accelerated repayment or enforce parent guarantees, which could trigger cross-default provisions across the group’s other facilities. MPO says it remains in active discussions with its lenders and will provide a further update once there is clarity on any action taken. MPO cautions that lender enforcement could lead to expedited and potentially depressed sales of the two Penha Heights units. The company says it does not anticipate being able to meet any accelerated repayment demands given its current working capital and liquidity position. It adds that adverse outcomes could ultimately result in restructuring, liquidation or insolvency proceedings, with shareholders potentially losing all or part of their investment. Separately, MPO says it exchanges contracts for the sale of two further units at The Waterside, with completion expected in the first quarter of 2026. Following recent sales, the loan-to-value ratio on The Waterside facility falls below its 60% covenant threshold, with 14 units remaining available for sale. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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