Stocks That Have Been Knocked Down - ASX: CYB, ASX: EHLDA, ASX: BPT And ASX: ALQ

  • Nov 21, 2018 AEDT
  • Team Kalkine
Stocks That Have Been Knocked Down - ASX: CYB, ASX: EHLDA, ASX: BPT And ASX: ALQ

CYBG PLC (ASX: CYB)

CYBG PLC (ASX: CYB) is a banking group which provides a full range of financial products and services. On 21 November 2018, the share prices of CYB were down by 19.866 percent. Recently the company announced its FY 2018 results, in which the company reported a 13 growth in Underlying Profit before tax. Due to the increased underlying profitability, the underlying return on tangible equity (RoTE) of the company increased from 7.5% to 10.6%, and underlying basic EPS increased from 21.5p to 30.4p. The statutory loss after tax of the company was £145m against the profit of £182 million last year. The loss was mainly due to the legacy conduct costs of £396 million in FY 2018 which were only £58 million in FY17. The Group’s underlying operating expenses are expected to be less than £950 million in FY 2019 which is lower than the estimated pro forma combined cost base of £985 million in FY 2018. In the last six months, the share price of the company decreased by 16.42 percent as on 20 November 2018. CYB’s shares traded at $3.590 with a market capitalization of circa $6.39 billion as on 21 November 2018. 

Emeco Holdings Limited (ASX: EHLDA)

Emeco Holdings Limited (ASX: EHLDA) is involved in providing mining equipments to the global mining industry. On 21 November 2018, the shares of Emeco holdings witnessed a decrease of 6.593 percent in a single day. In FY 2018, the company reported an operating NPAT of $20.1 million and generated operating EBIT of $83.2 million which was 593% higher than FY17. Driven by the increased scale and continued cost reduction initiatives the Operating EBITDA margin of the company increased by 440bps to 40.2%. In the last six months, the share price of the company decreased by 13.33 percent as on 20 November 2018. EHL’s shares traded at $2.550 with a daily volume average of 4,144,124 shares as on 21 November 2018.

Beach Energy Limited (ASX: BPT)

Australia’s leading mid-cap oil and gas company Beach energy Limited’s shares (ASX: BPT) fell over by 10.694 percent on 21 November 2018. In September quarter the company generated free cash flow of $152 million and earned revenue of $514 million. Due to the improved facility performance and strong seasonal gas demand the Production increased by 7% to 7.8 MMboe in September quarter. The company is expecting the FY 2019 EBITDA to be in the range of $1.05 – $1.15 billion. As at 30 September 2018, the company was having a Net gearing of 20%. In the past six months, the share price of Beach decreased by 3.89 percent as on 20 November 2018. BPT’s shares traded at $1.545 with a market capitalization of $3.94 billion as on 21 November 2018.

ALS Limited (ASX: ALQ)

ALS Limited (ASX: ALQ) is a provider of high quality, innovative, professional testing services. On 21 November the share prices of ALS reduced by 8.805 percent. In the first half of FY 2019, the revenue of the company increased by 9 percent to $830 million. The company earned an Underlying net profit after tax of $93.3 Mn in H1 FY19 which was 29.8% higher than pcp and it was due to the increased earnings from those businesses servicing mineral commodities markets and improved performance from the Life Science businesses. The board declared an interim dividend of 11.0 cents per share partly franked to 20% which will be paid on 18 December 2018 with record date of 30 November 2018. In the last six months the share price of the company increased by 3.38 percent as on 20 November 2018. ALQ’s shares traded at $7.250 with a market capitalization of $3.87 billion as on 21 November 2018.


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