(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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Schroder Real Estate Investment Trust Ltd, up 1.3% at 51.27 pence, 12-month range 35.50p-53.00p. Acquires portfolio of four industrial assets in the north west of England for GBP19.9 million, reflecting a net initial yield of 6.9% and a capital value of GBP53 per square foot. Portfolio includes Valley Road Industrial Estate in Birkenhead, Haydock Industrial Estate in Haydock, and Newfield Fabrications in Sandbach, Cheshire.
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SMALL-CAP - LOSERS
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Dialight PLC, down 4.2% at 316.00 pence, 12-month range 238.00p-380.00p. Trades well in period from June 30 to October 31, with quoting activity "significantly increased". Order intake year to date up 34%, driven by a strong performance in its Lighting unit. "Due to widely publicised, market-wide supply chain issues, revenue growth has lagged order intake, due principally to the availability of electronic components and metal work. The group has responded well to the supply chain challenges with active management to secure components and logistics and we have also implemented price increases from September to reflect increased costs from our suppliers," company says. Expectations for the year remain unchanged.
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By Paul McGowan; paulmcgowan@alliancenews.com
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Dialight (DIA)
Schroder Real (SREI)