Stocks In Focus: Plutus Powergen PLC, Angling Direct PLC

Plutus Powergen PLC

United Kingdom-based, Plutus PowerGen plc (PPG) is a holding company of Plutus Energy Limited. The company is into construction, development, operations and maintenance of flexible standby power generation sites along with small, flexible power generation plants. The company sells power to power supply companies such as National Grid. The company aims to develop a portfolio of 20 megawatt FlexGen sites across the United Kingdom. The company is looking forward to sustainable renewable sources of energy to emphasise on decarbonising the UK’s energy sector in a cost-effective manner.

PPG-Recent News

AIM-listed, Plutus PowerGen Plc made an announcement regarding a submission for planning approval for the expansion of a double gas-powered site (South West of England) being rejected on the basis of alleged air pollution. The management expressed disappointment on the rejection and might appeal considering all the options available at their disposal.

PPG-Financial highlights for H1 FY19 period ended 31 October 2018

The company’s revenue from continuing operations remained flat at £675,000 in H1 FY19 as compared to H1 FY18. The company incurred lesser administrative expenses amounting to £740,369 in H1 FY19 as compared to £ 888,939 in H1 FY18. The company incurred share-based compensation expense of £ 62,204 in H1 FY19 as against £159,748 in H1 FY18. The company incurred some finance costs amounting to £4,000 in H1 FY19 as against £8,000 in H1 FY18. The company’s loss before taxation stood at £131,573 in H1 FY19 as against £392,489 in H1 FY18. The company had cash balances of £62,833 in H1 FY19 as against £126,212 in H1 FY18. The company’s borrowing reduced to £100,000 in H1 FY19 from £200,000 in H1 FY18. The company’s net assets increased to £944,289 in H1 FY19 as against £943,123 in H1 FY18. The company didn’t declare any interim dividend in H1 FY19. The company aims to optimise and reduce costs.

PPG-Share price performance

At the time of writing (at 03:36 PM GMT, as on 07 October 2019,) Plutus PowerGen plc shares clocked a price level of GBX 0.20 per share; which almost remained flat in comparison to the last day trade closing price. Market Capitalisation of the company stood at £1.83 million at the time of writing.

PPG shares have touched a peak on 09 October 2018 of GBX 1.20 and a trough on 03 September 2019 of GBX 0.175 in the past year. At the current trading level, as shown in the price chart, the company’s shares traded at 83.33 per cent lower than the 52-week peak point and 14.28 per cent more than the 52-week trough point.

Before the market close, at the time of writing, the stock’s volume was around 2,000. Stock’s mean daily traded volume for 5 days stood at 903,731.80; 30 days- 1,521,091.77 and 90 days – 1,477,455.91. The company’s stock beta (5Y monthly), which is a measure of the volatility of the stock, was negatively correlated with the benchmark index.

The company’s 5 days average traded volume was down by 40.59 per cent as against average traded volume for 30 days. At the time of writing, the shares of the company traded below the simple moving average of 30-days and 60-days.

PPG shares remained flat in the past one month. From January to till date, the stock was down by approximately 56.25 per cent and was down by 23.64 per cent in the last quarter.

30-days, 14-days and 9-days RSI (Relative Strength Index) of the stock was recorded at 31.36, 25.10 and 22.22 respectively. Also, RSI of the stock for 3-days was recorded at 13.73.

Angling Direct PLC

United Kingdom-based, Angling Direct PLC (ANG) is into retailing of fishing tackle. The company markets the products in both offline and online mode. People can order from their website www.anglingdirect.co.uk. The company has its own brand called Advanta, under which it markets all its fishing tackles products which includes capital items, luggage and clothing, and consumables. In addition, the company has various product categories such as reels, rods, terminal tackle, bait, additives, bivvies and shelters. Furthermore, the company has ventured into its own superstores.

ANG-Recent News

AIM-quoted, Angling Direct PLC, has appointed Andy Torrance as Non-Executive Director in the board of the company with immediate effect. Andy has rich experience in working with various brands in retail.

ANG-Financial highlights for H1 FY20 period ended 31 July 2019

The company’s revenue surged by 20.9 per cent to £26.5 million in H1 FY20 from £21.9 million in H1 FY19. The company’s revenue from retail stores was up by 41.1 per cent to £14.0 million in H1 FY20 as against £9.9 million in H1 FY19. In the company’s online revenue model, UK was up by 16.8 per cent to £9.2 million in H1 FY20 as against £7.8 million in H1 FY19. Similarly, in Europe, the revenue from the online business model was up by 29 per cent to £2.7 million in H1 FY20 as against £2.1 million in H1 FY19.

The company’s gross profit surged by 18 per cent to £8.5 million in H1 FY20 as against £7.2 million in H1 FY19. The company’s adjusted EBITDA grew by 15.7 per cent to £1.25 million in H1 FY20 as against £1.08 million in H1 FY19; this can be attributed to continuous investments in the development of an online business model. In addition, the company also invested in improving customer services and marketing strategies to make progress. Post IFRS 16 adjustments for leases, the company’s pre-taxation profit (reported) stood at £0.3 million. The company’s cash generation was strong during the period, the company’s net cash from operating activities stood at £1.7 million in H1 FY20 as against £0.6 million in H1 FY19. The company’s net cash and cash equivalents were recorded at £13.3 million as on 31 July 2019, as against £0.8 million on 31 July 2018.

The company had opened new stores in Leeds and Milton Keynes in August 2019 and September 2019. The company looks forward to clocking 34 stores in total by the end of the fiscal year 2020. The company is expected to benefit from distribution efficiencies in the second half of the fiscal year 2020. The progress made by the company is in line with market expectations. The board is very optimistic about the success of the business model and future growth of the company.

ANG-Share price performance

At the time of writing (at 03:45 PM GMT, as on 07 October 2019,) Angling Direct PLC shares clocked a price level of GBX 58.70 per share; which was up by 0.34 per cent in comparison to the last day trade closing price. Market Capitalisation of the company stood at £37.79 million at the time of writing.

ANG shares have touched a peak on 08 October 2018 of GBX 110.05 and a trough on 25 September 2019 of GBX 52 in the past year. At the current trading level, as shown in the price chart, the company’s shares traded at 46.66 per cent less than the 52-week peak point and 12.88 per cent more than the 52-week trough point.

Before the market close, at the time of writing, the stock’s volume was around 69,370. Stock’s mean daily traded volume for 5 days stood at 22,460.40; 30 days- 37,964.50 and 90 days – 59,215.30. The company’s stock beta (2Y weekly), which is a measure of the volatility of the stock, stood at 0.55, which means that the company’s stock is less volatile in comparison to the benchmark index.

The company’s 5 days average traded volume was down by 40.84 per cent as against average traded volume for 30 days. At the time of writing, the shares of the company traded below the simple moving average of 30-days and 60-days.

ANG shares have delivered a negative return of 4.10 per cent in the past one month. Also, from January to till date, the stock was down by approximately 30.77 per cent and was down by 19.86 per cent in the last quarter.

30-days, 14-days and 9-days RSI (Relative Strength Index) of the stock was recorded at 28.65, 24.56 and 21.02 respectively. Also, RSI of the stock for 3-days was recorded at 6.23.