Result Updates of Three FTSE Stocks – NANO, BRD and AGM

Result Updates of Three FTSE Stocks – NANO, BRD and AGM
Nanoco Group Plc

Nanoco Group Plc (NANO) is a technology company that is involved in the R&D and production of cadmium-free quantum dots and semiconductor nanoparticles for the use in display-based devices such as smartphones, as well as in other electrical processes like lighting, solar energy as well as bio-imaging. The company’s main operations include the manufacturing of cadmium and heavy metal-free quantum dots, which are basically semiconductor nanoparticles, that are made up of 10 to 100 atoms in diameter, which is approximately the size of a thousandth of a human hair. Copper indium gallium di-selenide/sulphide (CIGS) and copper indium di-selenide/sulphide (CIS) are mainly used to provide nanoparticle ink. Nanoco has applied for patents for its CFQD Quantum dots technology, for the preparation of nanoparticles in 13 countries across the world. Company’s headquarters are located in Manchester, the United Kingdom, with various functions spread across different countries like the United States of America, Korea, Japan, China and Taiwan.

NANO Financial Performance (Preliminary results for the year ended 31st July 2019)

On 16th October 2019, the company announced its preliminary financial results for the year ended 31st July 2019. The company reported that there was a major increase in billings for the period ended 31st July 2019 at £9.6 million, an increase of 47.69 per cent year on year as compared to billings reported in 2018 at £6.5 million. The company also reported that the revenue stood at £7.1 million in 2019, an increase of 115.15 per cent year on year as compared to the revenue in 2018 at £3.3 million. The company highlighted that this growth in the revenue can be attributed to the US Consumer segment. The company’s research and development expenditure, which is one of the vital operating expenditure for the company was reported to be at £4.0 million in 2019, in line with the previous year’s R&D expense incurred by the company. This performance led to a 27 per cent year on year reduction in net loss from £6.0 million in 2018 to £4.4 million in 2019. This also translated into a 31 per cent reduction in loss per share from GBX 2.21 per share in 2018 to GBX 1.52 in 2019. The company reported a Cash and Cash equivalents balance of £7.0 million as on 31st July 2019 following inflow of cash in the second half of the year.

NANO Share Price Performance

On 17th October 2019, at 08:03 A.M., while writing, Nanoco Group’s stock’s current market price was at GBX 10.58 per share, an increase of 6.88 per cent or GBX 0.681 per share as compared to the previous day’s reported closing price at GBX 9.90 per share. At the current market price, the company’s shares were trading 76.35 per cent above the 52-week low price of GBX 6.00 per share, which was set on June 21, 2019. The company’s market capitalisation (M-Cap) was currently reported at £28.31 million.

By the time of writing, 105,620 of company’s stocks had been traded for the day. The average volume of trade, per day, in the last one year, was at 694,410 stocks. The company’s stock has lost 69.55 per cent in the last one year, from the price of GBX 34.70 per share. The Beta of the stock has been reported to be at 0.0111, which implies that the movement in the stock price is almost as volatile as the movement of the comparative benchmark index.

Bluerock Diamonds Plc

Bluerock Diamonds Plc (BRD) is a Reading, the United Kingdom based mining company that is engaged in the operations of diamond mines near the Kimberley location in South Africa. The produced quality of diamonds from its Kareevlei plant project is very high, and the diamond is sold for approximately US $300 per carat. The inferred mineral resource is based on three pipes, namely, K1, which has produced approximately 1.59 million tonnes at a 6.3 CPHT grade. K2, which has produced 2.46 million tonnes at a 4.5 CPHT grade and K3, which has produced around 3.929 million tonnes at 3.7 CPHT grade.

BRD Financial Performance and Production update (Interim results for six months ended 30th June 2019)

On 2nd September 2019, the company announced its interim results for the six months ended 30th June 2019 in which the company highlighted revenue of US $1.76 million in H1 2019, which was more than double the revenue in H1 2018 at US $0.82 million. The company also announced that the average price achieved on the sale of 4,365 carats of diamond was US $405 per carat in H1 2019, as compared to an average price achieved in H1 2018 at US $340 per carat for the sale of 2419 carats.

On 16th October 2019, the company announced a production update for the third quarter ended 30th September 2019. The company announced that they achieved the monthly target of production of 40000 tonnes ahead of schedule for the month of September. The company also highlighted that they achieved an average price of US $432 per carat on sales of 4,139 carats in Q3 2019 as compared to 1,834 carats sold at US $341 per carat in Q3 2018. The company also announced a record production volume of 92,500 tonnes in the period, a year on year increase of 45 per cent as compared to 63,300 tonnes in Q3 of 2018.

BRD Share Price Performance

On 17th October 2019, at 08:12 A.M., while writing, Bluerock Diamond Plc’s stock’s current market price was at GBX 127.02 per share, a decline of 3.04 per cent or GBX 3.98 per share as compared to the previous day’s reported closing price at GBX 131.00 per share. At the current market price, the company’s shares were trading 209.80 per cent above the 52-week low price of GBX 41.00 per share, which was set on June 04, 2019. The company’s market capitalisation (M-Cap) was currently reported at £4.27 million.

By the time of writing, 5,550 of company’s stocks had been traded for the day. The average volume of trade, per day, in the last one year was at 43,100 stocks. The company’s stock has lost 55.82 per cent in the last one year. The Beta of the stock has been reported to be at 2.0705, which implies that the movement in the stock price is significantly more volatile as compared to the movement of the comparative benchmark index.

Applied Graphene Materials Plc

Applied Graphene Materials Plc (AGM) is a Redcar, the United Kingdom based chemicals company which is involved in the business of manufacturing and development of products and applications of Graphene. These applications are used across various industries such as Paints and Coatings, Functional fluids, Thermal pastes, Battery and Energy storage and Polymers and Composites. The company’s products include Graphene Nanoplatelets, Standard Genable® Dispersions and development dispersions.

AGM Financial Performance (Full-year results for the year ended 31st July 2019)

On 16th October 2019, the company announced its full-year results for the year ended 31st July 2019. The company reported a total income of £0.12 million in 2019, which was a reduction of 40.00 per cent year on year from total income in 2018 at £0.20 million. The company reported an EBITDA loss of £4.83 million in 2019, an increase of 6.38 per cent year on year in loss, from £4.54 million in 2018. The company highlighted that the adjusted loss per share was at GBX 7.9 per share in 2019 as compared to a loss of GBX 7.5 per share in 2018. In view of this year’s financial performance, the company had not proposed any dividend for the year. The company reported a Cash at bank balance of £6.13 million as on 31st July 2019.

AGM Share Price Performance

On 17th October 2019, at 08:23 A.M., while writing, Applied Graphene Materials Plc’s stock’s current market price was at GBX 17.10 per share, a decline of 5.00 per cent or GBX 0.90 per share as compared to the previous day’s reported closing price at GBX 18.00 per share. At the current market price, the company’s shares were trading 0.5 per cent above the 52-week low price of GBX 17.00 per share, which the stock hit on October 16, 2019. The company’s market capitalisation (M-Cap) was currently reported at £8.90 million.

By the time of writing, 25,880 of company’s stocks had been traded for the day. The average volume of trade, per day, in the last one year was at 71,080 stocks. The company’s stock had lost 60.23 per cent in the last one year, from the price of GBX 42.11 per share. The Beta of the stock has been reported to be at -0.0523, which implies that the movement in the stock price is inversely correlated with the comparative benchmark index.

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