Business Performance Updates Of Two Stocks: BDEV, QUIZ

About- Barratt Developments PLC

Barratt Developments Plc (BDEV) is a holding company based in the United Kingdom. Apart from constructing and selling the residential and commercial property, the company is also engaged in the business of acquiring land, developing, designing and planning. The group’s business operations are building houses and commercial spaces. The company owns many brands under its umbrella such as Barratt Homes, David Wilson Homes and Barratt London.

BDEV- Financial highlights for FY19 period ended 30th June 2019

On 4th September 2019, the company announced its full-year results. The company made good progress in achieving short term targets and delivered strong performance continuing from the previous year. The company’s total completed homes surged by 1.6 per cent this year to 17,856 as against 17,579 in FY18. The housing markets remains interesting as the government hopes to deliver 300,000 homes per year.

The company’s revenue was recorded at £4,763.1 million in FY19 as against £4,874.8 million in FY18. The company’s gross margin surged by 210 bps to 22.8 per cent in FY19 as against 20.7 percent, this benefit enjoyed by the company can be attributed to new product ranges and sites launched by the company. The company’s profit from operations surged by 4.5 per cent to £901.1 million in FY19 as against £862.6 million in FY18. The company’s operating margin surged by 120 bps to 18.9 per cent in FY19 as against 17.7 per cent in FY18. The company’s profit before taxation surged by 8.9 per cent to £909.8 million in FY19 as against £835.5 million in FY18. The company’s tax liability for the year stood at £170.4 million as against £164.0 million in FY18. The company’s basic earnings per share surged by 10.1 per cent to 73.2 pence per share in FY19 as against 66.5 pence per share. The company has sound financial health as the net cash was recorded at £765.7 million at 30 June 2019.

The company declared the final dividend of 19.5 pence per share along with 17.3 pence per share as a special dividend in FY19. The company’s annual dividend stood at 46.4 pence per share in FY19 as against 43.8 pence per share in FY18. The company’s return on capital employed (ROCE) surged by 10 bps to 29.7 per cent in FY19 as against 29.6 per cent in FY18.

The company delivered sound financial and operational performance; it is an industry leader in terms of projects quality and customer service. The company has also received many rewards and recognitions.

BDEV-Share price performance

Daily Chart as at 04-September-19, before the market closed (Source: Thomson Reuters)

On 4th September 2019, at 10:48 AM GMT while writing, BDEV shares were trading at GBX 604 per share; down by 2.89 per cent as compared to the closing price level of the previous day. The company’s M-cap (market capitalisation) was recorded at £6.32 billion at the time of writing.

On 26th July 2019, the shares of BDEV have touched a new peak of GBX 670.20 and reached the lowest price level of GBX 430.00 on 18th December 2018 in the last 52 weeks. The company’s shares were trading at 9.87 per cent lower from the 52-week high price mark and 40.46 per cent higher the 52-week low price mark at the current trading level as can be seen in the price chart.

The stock’s traded volume was hovering around 2,450,405 at the time of writing before the market close. The company’s 5-day stock’s average traded volume was 3,276,221.00; 30 days average traded volume- 3,524,380.37 and 90 days average traded volume – 3,600,940.36. The company’s stock was less volatile in comparison with the index considered as the benchmark, as the beta of the company’s stock was recorded at 0.80.

The shares of the company have delivered a positive return of 12.52 per cent in the last quarter. The company’s stock surged by 34.40 per cent from the start of the year to till date. Though, the company’s stock has generated a negative return of 17.50 per cent in the last year. Dividend yield of the stock stood at 4.42 per cent.  

About – Quiz PLC

United Kingdom-based QUIZ PLC (QUIZ) is an international women’s wear brand company. The group is focused on providing dressy casual wear, and occasion wear mainly for 16-35-year olds and offers footwear, clothing, and accessories. The company’s products comprise playsuits, tops, shirts, skirts, and denim. The group also provides several of outerwear such as parkas, biker jackets, and faux fur jackets. Its brand operates in 22 countries through more than 300 international franchise stores, standalone stores, concessions, international online partners and wholesale partners. The company has 73 stores and 174 concessions in the United Kingdom.

QUIZ-AGM Trading Update (as on 4th September 2019)

During the financial year to date period, the company’s revenues are broadly in line as compared with the corresponding period of the last year. In the United Kingdom high street, the company had experienced a decrease in store footfall during the current period, when the company experienced mainly robust demand. Its performance had sustained to benefit from sales progress with the company’s websites. While trading conditions are anticipated to remain difficult, through the strength of company’s flexible business model and surging online focus. In the medium term, the company can return to sustainable, profitable growth. On 11th October 2019, the company will announce the trading update with respects to the six months to 30th June 2019.

QUIZ-Financial Highlights (FY2019, £’million)

In FY2019, the company’s reported revenue surged by 12% to £130.9 million against the £116.4 million in FY18, due to an increase in all three channels. Gross margin stood at 60.7%, a decrease of 2.3% against the previous year. Basic earnings per share for the financial year 2019 was 0.09 pence versus 5.49 pence in FY2018.

In the financial year 2019, a dividend per share of 0.8 pence paid on September 2018 and 0.4 pence paid on March 2019. Net cash at the year-end stood at £7.5 million, a decrease from the previous year data. Net cash flow from operating activities reduced by £2.6 million to £6.8 million as compared to the £9.4 million in FY18. While EBITDA generated in the year 2019 decreased by £7.9 million and working capital movements increased by £4.4 million against the previous year. The borrowings repaid was £0.3 million in 2019 against £1.2 million in 2018. This reflects the repayment of term loans previously drawn down to fund capital expenditure.

In the year 2019, the United Kingdom retail sector continued to be affected by an accumulation of broadly reported structural and macro-economic factors. It has not been protected to the exceptionally challenging retail environment, which has influenced the company’s fiscal performance for the year.

Despite the trading challenges, the company achieved sales progress across all the three distribution channels (Online, International, and Stores and concessions channels). In the financial year 2019, the development through the International and Online businesses was offset by a weaker performance with the United Kingdom Stores and concessions, where the company continue to see suppressed client spending.

The company brand has a robust appeal. The company’s collections remain highly relevant for shoppers and a clear consumer focus. This shows an increase in social media engagement and active consumer numbers. Supported by these attributes, the company remain optimistic that they can manage and mitigate the near-term challenges and attain its long-term potential as a leading global fashion brand. The company looks forward to further developments such as an expansion of the current website with new ranges and surged options, expansion in the North American market, and multi-channel expansion in new markets.

QUIZ-Share price performance

Daily Chart as at 04-September-19, before the market closed (Source: Thomson Reuters)

On 4th September 2019, at 10:48 AM GMT while writing, QUIZ shares were trading at GBX 16.00 per share; down by 13.51 per cent as compared to the closing price level of the previous day. The company’s M-cap (market capitalisation) was recorded at £22.95 million at the time of writing.

On 4th September 2018, the shares of QUIZ have touched a new peak of GBX 170.00 and reached the lowest price level of GBX 12.69 on 15th August 2019 in the last 52 weeks. The company’s shares were trading at 90.58 per cent lower from the 52-week high price mark and 26.08 per cent higher the 52-week low price mark at the current trading level as can be seen in the price chart.

The stock’s traded volume was hovering around 198,964 at the time of writing before the market close. The company’s 5-day stock’s average traded volume was 454,128.00; 30 days average traded volume- 316,117.17 and 90 days average traded volume – 401,232.62. The company’s stock was 19 per cent less volatile in comparison with the index considered as the benchmark as the beta of the company’s stock was recorded at 0.81.

The shares of the company have delivered a negative return of 34.86 per cent in the last quarter. The company’s stock plunged by 44.78 per cent from the start of the year to till date. The company’s stock has generated a negative return of 88.56 per cent in the last year. Dividend yield of the stock stood at 2.16 per cent.  

Facebook Comments