Results Update Of Four LSE Stocks; DFS, VELA, NBI and THRU

                

DFS Furniture Plc

DFS Furniture Plc (DFS) is a United Kingdom domiciled furniture and fixture retailing company. The company designs, manufactures and sells chairs, sofas and other associated soft furnishings. The company provides Fabric Sofas, Leather Sofas, Corner Sofas, Recliners and Sofa beds along with Dining room items like dining tables and chairs, cabinets and TV stands. The company also sells bed mattresses, wardrobes, mirrors and rugs.  Other than United Kingdom the company has operations across Europe, Asia and Pacific Islands, North America, Middle east and Oceania.

The shares of the company are listed on the London Stock Exchange where they trade with the ticker name DFS

Financial Update

The company on 26 September 2019 published its financial results for the 48 weeks ended 30 June 2019. This is because the group changed its accounting year end from 31 July to 30 June.

  • The Underlying profit before tax of the company (excluding brand amortization) for the pro-forma period of 52 weeks ending 30 June 2019, was up by 31.1 per cent in comparison to that in the 52-week period ending 28 July 2018.
  • The Board of the company has recommended maintaining a final dividend of 7.5 pence per share taking the full year ordinary dividend to 11.2 pence per share; for FY 2018 the full year ordinary dividend was 11.2 pence per share.

Source – Company’s final results published on 26 September 2019.

Stock performance at the London Stock Exchange

Price Chart as on 26 September 2019, before the market close (Source: Thomson Reuters)

On 26 September 2019, at the time of writing the report (before the market close, GMT 8.39 AM), DFS shares were trading on the London Stock Exchange at GBX 224.00.

The stock has a 52-week High of GBX 258.5 and a 52-week low of GBX 177.80. The total market capitalization of the company was £480.6 million.

Outlook

The company is faced with a particularly jittery UK consumer marketplace in the run up to the country’s withdrawal from the European Union and after. However, whilst the company is not immune to the impact of the prevailing political and economic atmosphere, the management is of the opinion that it is well placed to handle short-term adverse market conditions and remains focused to take the company ahead.

Vela Technologies Plc

Vela Technologies Plc (VELA) is a United Kingdom-based investment company. The Company looks for investment opportunities across all sectors in early stage or very early stage companies. The company has now expanded its horizon to invest in companies that are listed on London Stock Exchange main market or the AIM segment, thanks to the recent sharp fall in prices due to the broad based political and economic climate. The company focuses on investments in companies, which are based in the United Kingdom or Europe.

The shares of the company are listed on the AIM segment of the London Stock Exchange where they trade with the ticker name VELA.

Financial Update

The company on 26 September 2019 published its financial results for the year ending 31 March 2019.

  • The net loss of the company for the year was £1.554 million.
  • The Gross assets of the company as on 31 March 2019 was £2.1 million, reflecting the reduction in the fair value of VELA’s assets, whereas on 31 March 2018 the Gross asset value stood at £3.6 million.
  • The cash in hand with the company as on 31 March 2019 was £0.02 million.

Source – Company’s final results published on 26 September 2019.

Stock performance at the London Stock Exchange

Price Chart as on 26 September 2019, before the market close (Source: Thomson Reuters)

On 26 September 2019, at the time of writing the report (before the market close, GMT 9.25 AM), VELA shares were trading on the London Stock Exchange at GBX 0.0899.

The stock has a 52-week High of GBX 0.4 and a 52-week low of GBX 0.076. The total market capitalization of the company was £1.89 million.

Outlook

The valuation of the company’s investment portfolio as on 31 March 2019 stood at £2,101 thousand a decrease of £660 thousand against the portfolio value of £2,761 thousand as on 31 March 2018. During the year, the company invested £533 thousand in disruptive technology enterprises. The company’s fortunes are very much linked to the performances of its portfolio investments which in turn is affected by the general economic environment prevailing in the United Kingdom.

 

Northbridge Industrial Services Plc

Northbridge Industrial Services Plc (NBI) is a lender and seller of specialized industrial equipment based out of the United Kingdom. The Company has two business segments; the Crestchic loadbanks & transformers, and the Tasman oil tools & loadcells which operate out of five international hubs. The Crestchic loadbanks & transformers segment is engaged in the fabrication, hiring and distribution of loadbanks and transformers and operates under entity name Crestchic Loadbanks Crestchic (Asia-Pacific) Pty Limited. Its Tasman oil tools & loadcells business segment is engaged in the hiring and distribution of oil tools and loadcells. Other than United Kingdom the company has operations in China, North Africa, continental Europe and North America. The company provides its services in various sectors namely; healthcare, oil & gas, banking, power & utilities, marine engineering, air transport, military as well as public utilities.

The shares of the company are listed on the AIM segment of the London Stock Exchange where they trade with the ticker name NBI.

Financial Update

The company on 26 September 2019 published its interim results for the six-month period ended 30 June 2019.

  • The revenues of the company for the period was up by 33 per cent to stand at £16.8 million whereas for corresponding interim period in 2018 revenues stood at £12.6 million.
  • The Gross profit of the company for the period was significantly up by 50 per cent to stand at £7.5 million whereas gross profit for corresponding interim period in 2018 was £5.0 million.

Source – Company’s half-yearly results published on 26 September 2019.

Stock performance at the London Stock Exchange

Price Chart as on 26 September 2019, before the market close (Source: Thomson Reuters)

On 26 September 2019, at the time of writing the report (before the market close, GMT 10.52 AM), NBI shares were trading on the London Stock Exchange at GBX 135.15.

The stock has a 52-week High of GBX 185.00 and a 52-week low of GBX 107.50. The total market capitalization of the company was £37.52 million.

Outlook

The company is starting to see the benefits from the recovery of activity across all verticals of the oil and gas markets in both of its operating divisions, Tasman and Crestchic. The company’s operational gearing has also now started to show positive results in the form of good cash generation. The company remains confident that its good performance in future periods will continue on the lines of recovery in Oil & Gas markets.

Thruvision Group Plc

Thruvision Group Plc (THRU) is a visual intelligent solutions provider based out of the United Kingdom. Its services are offered to global surveillance, security and safety markets. The company was spun out of British Government’s prestigious Rutherford Appleton Labs in 2002 andover the years the company has successfully commercialized $50 million of research investment. The company specializes in streaming and analysis of secure feeds and related surveillance data over wireless networks. The company’s offerings are; EdgeVis Live, EdgeVis Shield, ThruVis, SmartVis and CloudVis among others. The company’s solutions have been developed keeping in mind the needs of specialist areas of security and defense.

The shares of the company are listed on the AIM segment of the London Stock Exchange where they trade with the ticker name THRU.

Financial Update

The company on 08 July 2019 published its annual report for the period ending 31 March 2019.

  • The revenues of the company for the year ended 31 March 2019, grew significantly by 93.5 per cent year over year to £6.0 million which helped it reduce its operating loss before tax to £2.1 million. The revenue for FY 2018 was £3.1 million and the operating loss before tax of FY 2018 was £2.5 million.
  • The company recorded an adjusted loss before tax of £1.7 million during the year whereas in FY2018 it was £2.9 million.

Source – Company’s Annual report published on 08 July 2019

Stock performance at the London Stock Exchange

Price Chart as on 26 September 2019, before the market close (Source: Thomson Reuters)

On 26 September 2019, at the time of writing the report (before the market close, GMT 10.44 AM), THRU shares were trading on the London Stock Exchange at GBX 26.00.

The stock has a 52-week High of GBX 32.1 and a 52-week low of GBX 21.50. The total market capitalization of the company was £40.15 million.

Outlook

The company has a strong technology base and robust manufacturing facilities. Its focus is now on fueling its sales growth in its major market verticals. The company has also been witnessing increase in its international brand recognition, as a result of its progress in United States and by an increasing number of referral clients.