2 Mid-Cap Stocks - NEC And CYB

  • Mar 09, 2019 AEDT
  • Team Kalkine
2 Mid-Cap Stocks - NEC And CYB

Let us look at two Mid-Cap Australian stocks and their recent performance, while soaring high on ASX this year.

Nine Entertainment Co. Holdings Limited (ASX: NEC) belongs to Media & Entertainment group of industries. It is a mid-cap company engaged in creating and curating high-quality content, which can be accessed by the consumers at any time, and the way they want.

Recently, the company had released its half-year results ended 31 December 2018. On a statutory basis, NEC recorded a Net Profit After Tax of $172 million, down by 1% on the previous corresponding Period.

NEC recorded Group EBITDA growth of 6% to $252 million with revenue of $1,204 million (-3%), and Net profit After Tax and Minority Interests of $126 million (+5%). During the period, a solid FTA (Free to Air) share, and double-digit cost reduction had offset weakness in the FTA market.

As on 31 December 2018, the net debt of the company stood at $228 million (on a wholly-owned basis). The key cash flow components in the half-year period included $58 million in cash consideration and $61 million in acquisition and restructuring (incurred by both the parties) associated with the Fairfax merger. Further, the minority interests in CarAdvice were acquired ($27 million).

By the end of the trading session, the stock of the company stood at A$1.700 (as at 7 March 2019), up by 0.59% from its previous close. NEC has a market capitalization of approximately A$2.9 billion, with 1.71 billion shares outstanding. In the last one month, the stock gave a return of 18.47% with a YTD return of 25.93% as on 6 March 2019.

CYBG PLC (ASX: CYB) comes under the financial services sector. Collectively, the well-known and reliable brands of Clydesdale Bank, Yorkshire Bank, and Virgin Money provide a total array of financial products and services to aid people, and businesses progress.

Recently, the company announced, that pursuant to the Financial Conduct Authority Disclosure and Transparency Rule 5.6.1, as at 28 February 2019, the total number of voting rights of the Company was 1,429,585,840. By the end of the business on 28 February 2019, the total number of Ordinary Shares was 525,287,108, and the total number of CHESS Depositary Interests was 904,298,732.

In the recent past, CYB had also notified, that Clydesdale bank (its 100% owned subsidiary) had entered into a Joint Venture with Salary Finance Limited.

In its first-quarter trading report ended 31 January 2019, the company reported that the trading was in line with the Board’s hopes. The company also made a substantial growth with the Virgin Money integration programme. The procurement of Virgin Money was concluded on 15 October 2018. In Q1, customer lending growth was of 1.4% to 71.9 billion pounds. In Q1, there was a mortgage growth of 1.5% to 60.0 billion pounds, benefitting from a solid pipeline coming into the quarter, and good customer retention.

By the close of the trading session, the stock of the company stood at A$3.850 (as at 7 March 2019), up by 2.941% from its previous close. NEC has a market capitalization of approximately A$5.35 billion, with 1.43 billion shares outstanding. Over the last one month, the stock has given a decent return of 17.24% with 14.72% YTD return as on 6 March 2019.


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