SMALL-CAP WINNERS & LOSERS: Helical jumps as property sector rises

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

Alliance News 22 June, 2021 | 9:44AM
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(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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SMALL-CAP - WINNERS

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Helical PLC, up 5.0% at 464.56 pence, 12-month range 240.00p-485.50p. The wider property investment sector was higher on Tuesday amid reopening hopes and as shares in blue-chip peers British Land Co PLC and Land Securities Group PLC got a boost after JPMorgan upgraded its ratings on both firms to Overweight from Neutral. British Land shares rose 4.1%, Landsec was up 4.7%.

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NextEnergy Solar Fund Ltd, up 1.7% at 99.30 pence, 12-month range 96.50p-110.62p. Commits USD50 million to NextPower III LP solar infrastructure fund. NPIII owns a 394 megawatt portfolio. In addition, NextEnergy Solar inks a GBP100 million revolving credit facility with lenders NatWest and AIB. Facility has a three-year term.

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SMALL-CAP - LOSERS

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Senior PLC, down 7.7% at 153.00 pence, 12-month range 41.00p-186.70p. The engineering firm gives back some of Monday's 9.2% gains. Senior shares surged on Monday after Lone Star Global Acquisitions Ltd said it made a fifth and final takeover bid, valuing Senior at GBP838.8 million.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Helical PLC 199.70 GBX 0.66 -
NextEnergy Solar Ord 72.90 GBX 0.28 -
British Land Co PLC 380.20 GBX 0.21 -
Senior PLC 160.58 GBX -0.87 -
Land Securities Group PLC 634.50 GBX 0.55 -

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