6 Stocks To Watch – BDEV, DNLM, BRBY, IQE, HSX and IPO

Barratt Developments Plc

Barratt Developments Plc is a United Kingdom based property developer. The company is one of the largest residential property developers in the country having an operating network of 30 divisions. The developer owns and operates three consumer brands; Barratt Homes, David Wilson Homes and Barratt London. It also owns a commercial business brand called Wilson Bowden.

The company was formed in 1958 and has its headquarters in Coalville, United Kingdom. The shares of the company are listed on the London Stock Exchange where they trade with the ticker name BDEV. The company’s shares are components of the FTSE 100 index.

News Update

The company on 4 September 2019 published its annual report for the year ended 30 June 2019. During this year, revenues were down 2.3 per cent, yet profit from operations was up 4.5 per cent, and basic earnings per share was up 10.1 per cent over what they were for the year ended 30 June 2018..

Financial Updates from company’s Annual Result Statement

The revenues of the company for the financial year ending 30 June 2019 were £4.763 billion while for the financial year ending 30 June 2018 revenues were £4.874 billion. Profit before tax for the 12-month period ending 30 June 2019 was £909.8 million while for the 12-month period ending 30 June 2018 profit before tax was £835.5 million. EPS on diluted basis for the financial year ending 30 June 2019 was 72.3 pence per share, while corresponding EPS on a diluted basis for the financial year ending 30 June 2018 was 65.9 pence per share.

 Source – Company’s annual report published on 04 September 2019.

Stock Price performance of (BDEV) at the London stock exchange (YTD)

(Comparative chart of BDEV with the FTSE 100 index, Source – Thomson Reuters

Stock performance at the London stock exchange over the past 5 days

Price Chart as on 05 September 2019, before the market close (Source: Thomson Reuters)

On 05 September 2019, at the time of writing the report (before the market close, GMT 02.40 PM), BDEV shares were trading on the London Stock Exchange at GBX 599.7.

The stock has a 52-week High of GBX 670.20, and a 52-week low of GBX 430.00. The total market capitalization of the company was £6.02 billion.

Outlook

The company’s fall in revenues can be attributed to the recessionary economic conditions prevailing in the United Kingdom. However, its heightened profit from operations and net profit indicates the efficiency and quality of business operations of the company, which has helped it to stay on a positive trajectory despite the bad business environment.

Dunelm Group Plc

Dunelm Group Plc is a British home furnishing retailer having one hundred sixty-nine superstores. Three high stores and more than a hundred in-store Pausa Coffee shops. The company also owns a factory in Leicester where it manufactures curtains, blinds and accessories.

The company was founded in 1979, and it is headquartered in Syston Leicestershire. Its shares are listed on the London Stock Exchange where they trade with the ticker name DNLM. The company’s shares are also components of the FTSE 250 index.

 News Updates

The company on 4 September 2019 published its full-year results for the financial year ending 29 June 2019. The company’s reported revenues for the 12-month period ending 29 June 2019 were up 4.8 percent, free cash flow generation was up 191.9 per cent, and basic EPS was up 38.3 per cent.

The company on the same date (4 September 2019) announced that it has appointed Paula Vennells as a non-executive director, she will be part of the audit & risk, remuneration and nominations committee.

Financial Updates

The company for the financial year ending 29 June 2019 reported revenue of £1.1004 billion whereas for the corresponding financial year ending 30 June 2018 the revenues were £1.050 billion. The profit after tax for the 12-month period ending 29 June 2019 was £101.3 million while profit for the 12-month period ending 30 June 2018 was £73.3 million. The diluted EPS of the company for the year ending 30 June 2019 was 49.9 pence per share, whereas diluted EPS of the company for the year ending 30 June 2018 was 36.2 pence per share.

Source – Company’s Annual report published on 04 September 2019.

Stock Price performance at the London stock exchange (YTD)

(Comparative chart of DNLM with the FTSE 250 index, Source – Thomson Reuters

Stock performance at the London stock exchange over the past 5 days

Price Chart as on 05 September 2019, before the market close (Source: Thomson Reuters)

On 05 September 2019, at the time of writing of the report (before the market close, GMT 12.40 PM), DNLM shares were trading on the London Stock Exchange at GBX 812.50.

The stock has a 52-week High of GBX 992.79 and a 52-week low of GBX 482.21. The total market capitalization of the company was £1.61 billion.

Outlook

The company has given a sterling performance for the year ending 29 June 2019 despite the weak consumer confidence among average British consumers. The higher profit figures and strong cash generation this year is the testament of the managements competence to drive the company profitably despite the recessionary economic conditions.

Burberry Group Plc

Burberry Group Plc is a British retailer of luxury garments, accessories and cosmetics. The company was founded 163 years ago at Basingstoke England; however, it is now headquartered in London, United Kingdom.

The shares of the company are listed on the London Stock Exchange where they trade with the ticker name BRBY. The shares of the company are also components of the FTSE 100 index.

News Updates

The company on 2 September 2019 came out with a disclosure stating that it has block listed 31,154 of its unallotted shares between the periods 1 March 2019 and 31 August 2019.

Financial Updates

The company for the year ending period 30 March 2019 reported revenue of £2.720 billion while for the previous year ending period 31 March 2018 revenues were £2.732 billion. Profit after tax for the year ended 30 March 2019 was £339.1 million whereas for the year ended 31 March 2018 profit was £293.6 million. The EPS on a diluted basis for the year ending period 30 March 2019 was 81.7 pence whereas EPS on a diluted basis for the year ending period 31 March 2018 was 68.4 pence.

Source – Company’s Annual report published on 05 June 2019.

Stock Price performance of (BRBY) at the London stock exchange (YTD)

(Comparative chart of BRBY with the FTSE 100 index, Source – Thomson Reuters

Stock performance at the London stock exchange over the past 5 days

Price Chart as on 05 September 2019, before the market close (Source: Thomson Reuters)

On 05 September 2019, at the time of writing of the report (before the market close, GMT 12.45 PM), BRBY shares were trading on the London Stock Exchange at GBX 2206.

The stock has a 52-week High of GBX 2362.00, and a 52-week low of GBX 1618.50. The total market capitalization of the company was £9.03 billion.

Outlook

The company’s weaker sales are due to the gloomy economic conditions in the United Kingdom and continental Europe, its traditional markets. However, its high margins and higher profits are indicative that it is gaining strategic grounds in new markets like China and South-East Asia. The future revenues and profitability of the company will be driven by its fortunes in these markets.

IQE Plc

IQE Plc is an Anglo-American semiconductor company specializing in the manufacture of Gallium Arsenide (GaAs), Iridium Phosphide (InP) and Gallium Nitride (GaN) in addition to semiconductor grade silicon. These materials find use in Radars, Solar cells and speciality electronics.

The company founded in 1988 is headquartered in Cardiff wales. Its shares are listed on the AIM segment of the London Stock Exchange where they trade with the ticker name IQE.

News Updates

The company on 3 September 2019 came out with its half-year results for the period ended 30 June 2019. The company’s revenues are down 9 per cent over corresponding half year ended 30 June 2018. During this period, the company suffered an operating loss of £3.07 million, because of which the EPS (diluted) was negative at 1.38 pence per share.

Financial Updates

The company declared revenue of £66.72 million for the six-month period ending 30 June 2019, while for the six-month period ending 30 June 2018 the revenue was £73.396 million. The net loss for the half-year period ending 30 June 2019 was £10.649 million compared to a net profit for the half-year period ending 30 June 2018 of £4.163 million. The loss per share on a diluted basis for the six-month period ending 30 June 2019 was 1.38 pence per share while for the six-month period ending 30 June 2018 the earnings per share on a diluted basis was 0.50 pence.

Source – Company’s Annual report published on 03 September 2019.

Stock Price performance of (IQE) at the London stock exchange (YTD)

(Comparative chart of IQE with the AIM All share index, Source – Thomson Reuters          

Stock performance at the London stock exchange over the past 5 days

Price Chart as on 05 September 2019, before the market close (Source: Thomson Reuters)

On 05 September 2019, at the time of writing of the report (before the market close, GMT 12.40 PM), IQE shares were trading on the London Stock Exchange at GBX 49.44.

The stock has a 52-week High of GBX 99.84 and a 52-week low of GBX 41.32. The total market capitalization of the company was £396.81 million.

Outlook

The company has suffered a loss because of the slowdown in the smartphone market marred by general pessimistic sentiment among suppliers and vendors due to the international trade tensions between the United States and China. The company, however, remains confident that it will be able to adapt to the current global supply chain shifts and make progress on its global ambitions.

Hiscox Ltd

Hiscox Ltd is a Bermuda based insurance provider. It provides cover for the niche areas of the market, like cover against kidnapping, hijacking and satellite damage, among others.

The company was founded in 1901 and has its headquarters in Hamilton Bermuda. Its shares are listed on the London Stock Exchange where they trade with the ticker name HSX. The shares of the company are constituents of the FTSE 100 Index.

News Updates

Joanne Musselle has been appointed as the group’s chief Underwriting officer, as per the announcement of the company on 5 September 2019. She will take up the post at the end of the calendar year 2019.

Financial Updates

The total income reported by the company for the six-month period ending 30 June 2019 was $1.487 billion while for the six-month period ending 30 June 2018 total income was $1.321 billion. Net Profit for the half-year period ending 30 June 2019 was $145.1 million whereas for the half-year period ending 30 June 2018 was $148.0 million. The diluted EPS for the six-month period ending 30 June 2019 was 50.2 cents per share while for the corresponding six-month period ending 30 June 2018 was 50.8 cents per share.

Source – Company’s half-yearly report published on 29 July 2019.

Stock Price performance of (HSX) at the London stock exchange (YTD)

(Comparative chart of HSX with the FTSE 100 index, Source – Thomson Reuters   

Stock performance at the London stock exchange over the past 5 days (HSX)

Price Chart as on 05 September 2019, before the market close (Source: Thomson Reuters)

On 05 September 2019, at the time of writing of the report (before the market close, GMT 12.50 PM), HSX shares were trading on the London Stock Exchange at GBX 1561.

The stock has a 52-week High of GBX 1795.00, and a 52-week low of GBX 1411.00. The total market capitalization of the company was £4.42 billion.

Outlook (HSX)

The company has reported a strong performance despite weak market conditions. The CEO of the company, Bronek Masojada has reiterated that conditions are better now compared to last year and the company will perform in future periods.

IP Group Plc

IP Group Plc is a British company in the business of technology intellectual property commercialization. The company was founded in 2001 and was a part of AIM segment of the London Stock Exchange. In 2016 it got listing on the main market of the London Stock Exchange where its shares trade with the ticker name IPO. The shares of the company are also components of the FTSE 250 index.

News Updates

The company on 15 July 2019 reported that its portfolio company Istesso Limited had announced positive headline results for its investigational drug MBS 2320 targeted towards treatment of rheumatoid arthritis.

Financial Updates

The company declared a negative revenue for the financial year ending 31 December 2018 of £36.2 million while for the financial year ending 31 December 2017 the revenues were £103.5 million. The total comprehensive loss for the 12-month period ending 31 December 2018 was £293.9 million while for the 12-month period ending 31 December 2017 the total comprehensive income was £53.4 million. Loss per share on a diluted basis for the financial year ending 31 December 2018 was 27.71 pence while for the financial year ending 31 December 2017 earnings per share were 7.04 pence per share.

Source – Company’s Annual report published on 18 April 2019.

Stock Price performance of (IPO) at the London stock exchange (YTD)

(Comparative chart of IPO with the FTSE 250 index, Source – Thomson Reuters     

Stock performance at the London stock exchange over the past 5 days

Price Chart as on 05 September 2019, before the market close (Source: Thomson Reuters)

On 05 September 2019, at the time of writing the report (before the market close, GMT 02.15 PM), IPO shares were trading on the London Stock Exchange at GBX 60.0.

The stock has a 52-week High of GBX134.20, and a 52-week low of GBX 54.40. The total market capitalization of the company was £610.16 million.

 Outlook

The company was not able to lease out any of its intellectual properties, and yet it continued to fund research activities, which is the reason for its negative revenues. The bad business environment prevailing in the United Kingdom can also be blamed for this that businesses are avoiding capital investments. The company’s portfolio of intellectual properties is big and will earn good revenues for the company when economic conditions improve.

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