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Various companies in Australia have released their financial results today. For investors, it is very important to keep a close eye on the earning releases as it can help them in making more informed decisions while investing. We have selected three ASX-stocks which have reported their half year results today. Let’s take a look at these stocks and their results.
St Barbara Ltd (ASX: SBM)
Gold producer and explorer, St Barbara Ltd has released is half-year results today. The company reported statutory profit after tax of $39 million and underlying profit after tax of $35 million for the period. Compared to previous corresponding period, these are results are softer, due to the lower production previously reported at Gwalia and Simberi. Following the release of the half year results, the company stock price has increased by around 2.5% (as at AEDT 1:08 PM).
Key highlights of the result are:
- Gold production of 181,728 ounces at a Group All-in Sustaining Cost of A$1,391 per ounce
- Consolidated EBITDA margin of 47% and 69% for Atlantic Gold operation
- Net cash contribution of $125 million for the half year
- Cash position of $79 million and debt of $138 million at 31 December 2019
For the half year period, the company has declared a fully franked dividend of 4 cents per fully paid ordinary share to be paid on 25 March 2020.
During the period, the company’s total current assets decreased by $777,789,000 to $192,680,000 as at 31 December 2019, mainly due to the reduction in cash related to the acquisition of Atlantic Gold. Cash flows from operating activities for the period were lower at $64,860,000 mainly due to significantly reduced contributions from Gwalia and Simberi, offset by cash flows from Atlantic Gold of $61,026,000 for the period.
In the coming months, the company intends to complete the Gwalia Extension Project, provide an update on the sulphide study work at Simberi, and work continues on the Atlantic Gold growth assets.
In the last six months, the company’s stock has declined by around 24.8% but has increased by 8.66% in the last three months. The stock currently has a PE multiple of 10.080 and an EPS of $0.270.
Janus Henderson Group Plc (ASX: JHG)
Global asset manager, Janus Henderson Group Plc has confirmed today that shareholders on the register at 5.00pm on 18 February 2020, are going to receive a fourth quarter dividend in respect of the three months ended 31 December 2019 of 36.0 US cents per ordinary share. The dividends are expected to be paid on 5 March 2020.
The company had earned an operating income of USD 154.3 million in the fourth quarter 2019. For the quarter the company reported adjusted revenue of USD 463.1 million which is higher than the third quarter 2019 result of USD 433.2 million due to higher average AUM (Assets under Management) and a higher net management fee margin, and higher performance fees. Further, for the fourth quarter, the company reported an adjusted operating income of USD 171.0 million higher than USD160.2 million reported in the third quarter 2019, primarily driven by positive market and currency movements and higher performance fees. During the quarter, the company completed USD 13 million of share buybacks concluding the USD 200 million share buyback programme.
In the first quarter 2020, the company intends to purchase shares on market for the annual share grants associated with 2019 variable compensation.
In the past six months, the stock price has risen by 39.28%. By AEDT 1:08 PM, JHG was trading at a price of A$38.310, near to its 52 weeks high price of A$41.320. The stock currently has a PE multiple of 12.220 and an EPS of A$3.083.
Seven Group Holdings Limited (ASX: SVW)
Leading Australian diversified operating and investment group, Seven Group Holdings Limited has reported a revenue from ordinary activities of $2,262.8 million for six months ending 31 December 2019. This is 11.66% higher than the previous corresponding period. The company Underlying EBIT for the period was $418 million up 7% on pcp, with EBIT margin relatively stable at 17%. For the period, the company has declared an interim fully franked ordinary dividend of 21 cps.
Following the release of the half year results, the company’s stock witnessed an uplift of 6.574% during the day’s trade.
The company has ownership interests in several businesses which includes Coates Hire, Australia's largest equipment hire business; AllightSykes, a supplier of lighting towers, generators and pumps; Seven West Media, Australia's largest multiple platform media company, including the Seven Network, West Australian Newspapers, Pacific Magazines; Beach Energy Ltd and has interests in oil and gas projects in Australia and the United States.
The company is confident that FY20 will continue to provide opportunities for growth in its Industrial Services and Energy businesses. Industrial Services are expected to deliver EBIT growth in the mid-teens for the full year. Further, the ongoing high level of demand in the mining sector is expected to provide further opportunities for WesTrac through capital sales and support activity. Coates Hire is expected to benefit from robust activity levels across its diverse customer base and end markets. Beach is expected to deliver consistent earnings for FY20. At a Group level, the company is expecting underlying EBIT growth in the high single digits against FY19, including the impacts of AASB 16.
Notably, in the past six months, SVW stock was trading at a market price of $20.995 with a market cap of $6.69 billion. As at AEDT 2:19 PM, SVW stock was trading at $20.995, near to its 52 weeks high price of $21.960.
Investors are advised to keep a close eye on the companies which are going to release their results soon as it might help them to gain first movers advantage. To keep track of those companies, one can refer to Kalkine reporting calendar.
