SMALL-CAP WINNERS & LOSERS: TT Electronics up as dividend jumps

(Alliance News) - The following stocks are the leading risers and fallers among London Main ...

Alliance News 8 August, 2024 | 9:23AM
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(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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TT Electronics PLC, up 5.1% at 146.00 pence, 12-month range 133.60p-189.80p. The electronic component manufacturer sees revenue in the first half of 2024 fall 11% to GBP274.4 million from GBP309.1 million a year earlier. Pretax profit falls to GBP9.9 million from GBP16.0 million. TT increases dividend to 2.25p from 2.15p. Chief Executive Peter France says: "The group's order book and current momentum of order intake in our components business underpin our confidence in the full year outturn."

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Mears Group PLC, up 2.8% at 349.50p, 12-month range 249.82p-398.00p. The social housing and maintenance service company reports 10% jump in revenue to GBP580.0 million in the first half of 2024, up from GBP525.6 million. Pretax profit surges 44% to GBP30.5 million from GBP21.2 million. Increases dividend to 4.75p from 3.70p. Mears says the positive momentum achieved in the first six months of 2024 has continued into the second half.

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SMALL-CAP - LOSERS

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Lindsell Train Investment Trust PLC, down 7.2% at 760.00p, 12-month range 1,002.00p-713.92p. The investment trust sees its shares fall after slow start to 2024. In year-to-date, the stock is down 11%.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Lindsell Train Ord 770.00 GBP -5.98
TT Electronics PLC 140.04 GBX 0.75 -
Mears Group PLC 351.00 GBX 3.24 -

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