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The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. ---------- SMALL-CAP - WINNERS ---------- Georgina Energy PLC, up 56% at 4.10 pence, 12-month range 2.45p-11.00p. Says funding arrangements are being progressed to support drilling of the Hussar-2 well, after Harlequin Energy Ltd confirms its intention to proceed with the proposed financing. The London-based onshore helium and hydrogen explorer with Australian licences says Harlequin’s confirmation provides further clarity on funding for the Hussar gas project in Western Australia and underpins plans to move ahead with the next drilling phase. Georgina adds that the funding is specifically earmarked for the Hussar-2 well. ---------- S4 Capital PLC, up 33% at 25.70p, 12-month range 15.98p-37.88p. The London-based advertising agency run by Martin Sorrell, former WPP boss, says trading in 2025 was ahead of revised guidance issued in November. S4 Capital expects net revenue and operational earnings before interest, tax, depreciation and amortisation to be ahead of consensus of £664 million and £75 million respectively, which is down from £754.6 million and £87.8 million in 2024. S4 expects like-for-like net revenue to be down around 8.5%, with an operational Ebitda margin of about 12%. Says net debt will be both ‘significantly’ below current consensus of £133 million and below the previously indicated range of £100 million to £140 million. Expects net debt to operational Ebitda at the end of 2025 to be 1.1 times, versus current consensus of 1.8x and well below the target of 1.5x. At the end of 2024, net debt to operational Ebitda stood at 1.6x. Chair Martin Sorrell says: ‘There is still much more to be done around net revenue and margin growth in 2026 and beyond, which we will cover with the 2025 results presentation in March. The recommended 1 pence final dividend is an indication of the board’s confidence in continued improvement.’ ---------- SMALL-CAP - LOSERS ---------- Nanoco Group PLC, down 17% at 7.10p, 12-month range 6.97p-14.15p. Ends a year-long sale process without securing a deal and shifts strategy toward internal investment and cost reductions, part of which will see Chief Executive Officer Dmitry Shashkov depart next month. The Runcorn, England-based nanomaterials developer says the strategic review led by CDX Advisors advances discussions to an advanced stage but fails to result in a firm offer. Nanoco adds that it now sees greater value in investing in existing high-potential areas rather than continuing the sale process. Operationally, the company signs a new joint development agreement with a second Asian chemicals customer, extends its agreement with its first Asian customer by three years, and receives a $4.5 million patent-litigation settlement from LG Electronics. Nanoco plans to cut gross cash operating costs to £300,000£400,000 per month. Chair Jalal Bagherli moves to executive chair, Chief Financial Officer Liam Gray becomes interim CEO, and the board size is reduced by two non-executive directors. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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