Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
----------
SMALL-CAP - WINNERS
----------
Amigo Holdings PLC, up 2.5% at 5.44 pence, 12-month range 1.63p-15.00p. The guarantor loans provider outlines plans to finally resume new lending, after a hiatus of about two years, though under a new brand name. Amigo plans to lend under the RewardRate brand, offering two types of financing - a guarantor loan and a personal loan. No new lending will take place under the Amigo brand, the company said. Amigo had paused all lending in November 2020 due to the Covid-19 pandemic. It had then agreed with the UK Financial Conduct Authority that it would not lend again with regulatory approval.
----------
Supply@Me Capital PLC, up 1.1% at 0.08p, 12-month range 0.06p-0.48p. The inventory monetisation platform forms strategic alliance with the VeChain Foundation - a blockchain enterprise service provider - to provide up to $10 million of funding for inaugural inventory monetisation transactions.
----------
SMALL-CAP - LOSERS
----------
Mode Global Holdings PLC, down 10% at 7.39p, 12-month range 6.25p-54.00p. The bitcoin banking app books higher administrative costs for 2021. Mode says its administrative costs rose by £5.9 million in 2021 largely reflecting higher ‘people costs’ and share option expenses. Advertising spend rises to £1.4 million from £188,000. Mode also says revenue increased to £1.3 million from £450,000 in 2020. According to data from CoinDesk, bitcoin prices have fallen 1.5% over the past 24 hours to $21,110 each.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.