Quick Updates On MGNS, SLA, LGEN and GLEN

Morgan Sindall Group Plc (LSE: MGNS)

Morgan Sindall Group Plc is London-headquartered Construction company. The group is engaged in construction, infrastructure, fit-out, property services, housing regeneration and development. On October-28-1994, shares of the company got listed on the main market of the London Stock Exchange, and it is a constituent of FTSE SmallCap index.

Result Update

On August 07, 2019, the group released its half-yearly results for 2019. The group’s revenue for the period under consideration narrowed marginally to £1,421mn from £1,423mn, mainly because of weaker performance of construction and design, traditional fit-out and contracting segments during the six-month under consideration.

Morgan Sindall recorded operational progress during the first-half of FY19, adjusted profit before tax surged by 20% to £36.3mn. Also, the group’s secured order book grew by 19% to £4.2bn and development along with registration pipeline increased to £3.3bn and recorded a growth of 6% on a YoY basis.

Adjusted earnings per share for H1FY19 stood at 64.2p, up by 15% from 55.6p recorded in the H1FY18 and the board of directors of the group proposed an interim dividend of 21.0 pence per share for the first-half of 2019 against 19.0 pence recorded in the first half of 2018, up by 11% on a YoY basis.

As the group’s non-recourses project financing were repaid by the end of 2018, in H1FY19, net finance costs of the group reduced by £0.8mn to £1.2mn.

Stock Performance

Daily price chart as on (August 07, 2019), before the market close. (Source: Thomas Reuters)

At the time of writing (before the market close, at 11:47 AM GMT), shares of the company were quoting at GBX 1,138 and added approximately 2.7% from the previous closing. The shares have registered a 52-week high of GBX 1,536 and a 52-week low of GBX 1,000 respectively. On a YoY basis, the stock has delivered a negative price return of approximately 18% and was up by 5.3% on a YTD basis. The stock was quoting still below its 30-day simple moving average price. At the current trading level, the dividend yield of the company stood at 4.7%.

Standard Life Aberdeen Plc (LSE: SLA)

The group is a global investment company and headquartered in the United Kingdom. Aberdeen Standard Investments, Pensions and Savings, India and China and others are its four segments of operation. On July-10-2006, its shares were admitted to the main market of the London Stock Exchange for trading, and it is a constituent of FTSE 100 and FTSE 350 Indices.

Result Update

On August 07, 2019, the company reported its half yearly results for six-month of 2019. During the period under consideration, the group’s asset under management increased to £577.5bn from £551.5bn reported in the half-year ended December 31, 2018. AUM in the H1FY19 surged by 5%, and assets on the group’s platform surged by 11% to £66.0bn. However, adjusted pre-tax profit declined to £280mn from £311mn recorded in the same period of the corresponding financial year. Gross inflow in the period under review stood at £36.5bn against £37.4bn recorded in the year-ago period. Net outflow in the H1FY19 stood a (£15.9bn) against the (£16.9bn) recorded in the year-ago period.

Diluted Earnings per share, including discontinued operation, stood at 27.0 pence against 6.0 pence recorded in the year-ago period and adjusted diluted earnings per share stood at 8.9 pence per share against 8.2 pence per share recorded in the year-ago period.

During the first half of 2019, the group acquired wealth advisory business of BDO Northern Ireland and Grant Thornton UK and these have increased assets under management of the group by around 40% to £6bn as it also retained £35bn of Lloyds Banking Group assets.

Stock performance

Daily price chart as on (August 07, 2019), before the market close. (Source: Thomas Reuters)

At the time of writing (before the close, at 11:51 AM GMT), shares of the SLA were quoting at GBX 267.2 and declined approximately 5.60% from the previous closing price. The shares of the company have registered a 52-week high of GBX 334.90 and a 52-week low of GBX 208.85, respectively. In the year-ago period, the stock has delivered a return of negative 7.4%, but were up by 9.7% on YTD basis. The 5-day daily average volume in the stock was 4.89% above the 30-day average volume of the stock. Also, at the current trading level, the stock was quoting above its 20-day simple moving average price but trading marginally below its 60-day simple moving average price. At the current trading level, the dividend yield of the company stood at 8.04%.

Legal & General Group Plc (LSE: LGEN)

Legal & General Group PLC is a British holding company engaged in providing products and services related to insurance and investment management. It is headquartered in London, United Kingdom and is one of the world’s largest investment and insurance management groups. The company operates worldwide through its subsidiaries and associates, with the United States and the United Kingdom being the primary markets. The group has five reportable segments with continuing operations.

Financial highlights for H1 FY19

The company’s operating profit surged by 11 per cent to £1,005 million in H1 FY19 as against £909 million in H1 FY18. The company’s EPS (Earnings per share) surged by 13 per cent to 14.74 pence in H1 FY19 as against 13 pence in H1 FY18. The company’s ROE (Return on Equity) stood at 20.2 per cent in H1 FY19, which was similar to that of H1 FY18. The company announced an interim dividend of 4.93 pence per share in H1 FY19 as against 4.6 pence per share in H1 FY18. The company’s PAT (profit after tax) surged by 13 per cent to £874 million in H1 FY19 as against £771 million in H1 FY18.

The company was able to deliver good results, largely unaffected by on-going political and economic uncertainty and is well placed to continue to grow and take advantage of organic growth opportunities. The company continues to invest in technology and its balance sheet remains strong.

LGEN Share Price-performance

Chart as on 07-August-19, before the market close (Source: Thomson Reuters)

While writing (as on 07 August 2019, at 10:29 AM GMT), LGEN shares were trading at GBX 242.6 per share; down by 1.1 per cent as compared to the previous day’s closing price level. The company’s M-cap (market capitalization) stood at £14.60 billion. 

In the last 52-weeks, LGEN shares have recorded a high of GBX 292.30 (as on 17 April 2019) and a low of GBX 221.80 (as on 27 December 2018). The company’s stock beta was 0.96, which indicates similar performance as of the benchmark index. 

LGEN shares have delivered a negative return of 5.91 per cent in the last 1 year. Also, on a YTD (Year-to-Date) basis the stock was up by approximately 6.19 per cent and plunged by 11.32 per cent in the previous three months.

 

Glencore PLC (LSE: GLEN)

Glencore Plc (GLEN) is among the world’s leading diversified natural resource companies, engaged in the business of production and distribution of minerals and metals, crude oil and oil products, coal and agricultural products. The company currently operates in more than 50 countries and has an employee base of 158,000, including contractors. The company is currently managing over 150 mines across the globe.

Financial highlights for H1 FY19

The company’s net income was down by 92 per cent to US$226 million in H1 FY19 from US$2,776 million in H1 FY18. This can be attributed to the reduced commodity prices and impairment expenses in the different portfolios held by the company. The company’s adjusted EBITDA was down by 32 per cent to US$5,582 million in H1 FY19 as against US$8,180 million. The company’s basic EPS stood at 0.02 cent per share in H1 FY19 as against 0.19 cent per share in H1 FY18.  In FY2019, the company is focusing entirely on the retention of human resources. The company launched the Corporate Scholarship Programme to train mining engineers that will improve its production capacity and quality.

GLEN Share Price-performance


Chart as on 07-August-19, before the market close (Source: Thomson Reuters)

While writing (as on 07 August 2019, at 10:32 AM GMT), GLEN shares were trading at GBX 226.05 per share; down by 2.29 per cent as compared to the previous day’s closing price level. The company’s M-cap (market capitalization) stood at £31.43 billion. 

In the 52-week time interval, GLEN shares have recorded a high of GBX 343.90 (as on 17 April 2019) and a low of GBX 220.45 (as on 07 August 2019). The company’s stock beta was 2.07, which indicates the stock is more volatile in comparison to the benchmark index. 

GLEN shares have delivered a negative return of 26.32 per cent in the last 1 year. Also, on a YTD (Year-to-Date) basis the stock was down by approximately 20.59 per cent and plunged by 22.47 per cent in the previous three months.

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