SMALL-CAP WINNERS & LOSERS: Camellia wilts after disappointing outlook

(Alliance News) – The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

SMALL-CAP – WINNERS

Capital & Regional PLC, up 5.0% at 90.80p, 12-month range 32.3p-135p. Berenberg lifts its price target on the stock to 50p from 10p but reiterates its Sell rating.

S4 Capital PLC, up 2.4% at 573.00p, 12-month range 0.00p-587p. Martin Sorrell’s ad agency says the strong rebound in global economic growth in 2021 and 2022 will drive 20% per annum growth in digital advertising, as the pandemic accelerates digital transformation. For the first quarter to March 31, revenue rose 71% to GBP122 million from GBP71 million in the first quarter of 2020. Gross profit also increased 71% to GBP104 million from GBP60.7 million a year ago. S4 Capital raised its like-for-like gross profit growth target to 30% from 25% previously. In addition, S4 Capital acquires Brazil-based Raccoon Group, which will be combined with S4’s MightyHive in a move to expand the capabilities of its data and digital media practice in Latin America.

Cardiff Property PLC, up 2.2% at 1,890.00p, 12-month range 1,650p-1890p. The development development firm says for six months to March 31, revenue was GBP322,000, down from GBP338,000, and pretax profit was down to GBP365,000 from GBP387,000. Cardiff Property lifts interim dividend to 5.0p from 4.8p.

Trustpilot AS, up 0.8% at 315.47 pence, up 19% from March initial public offering price of 265p. JPMorgan starts coverage on the Danish customer review website with an Overweight rating and Berenberg with a Buy rating. Morgan Stanley initiates coverage at Equal Weight.

SMALL-CAP – LOSERS

Argo Blockchain PLC, down 7.1% at 180.20p, 12-month range 3.41p-325p. The cryptocurrency miner says it mined 163 bitcoin or bitcoin equivalent compared to 165 BTC in March. At the end of April, the company held 936 BTC or bitcoin equivalent.

Camellia PLC, down 1.4% at 7,250.00p, 12-month range 6,350p-8,421.28p. The agriculture and engineering services firm reports a fall in annual earnings and believes that normal trading conditions won’t emerge until 2022 due to Covid-19 pandemic, especially in India and Bangladesh. Revenue falls down to GBP291.2 million in 2020 from GBP291.5 million in 2019, and pretax profit drops to GBP7.8 million from GBP22.3 million.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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