Insights on Four Key Stocks of London Stock Market – GCP, EMG, RIO and SGRO

Insights on Four Key Stocks of London Stock Market – GCP, EMG, RIO and SGRO
GCP Infrastructure Investments Limited

GCP Infrastructure Investments Limited (GCP) is an investment trust company based in Jersey, the United Kingdom. The company’s portfolio mainly contains significant investments in the Renewable and Green energy sector, with 62 per cent of its investments made in this sector. 20 per cent of the company’s portfolio is made up of investments in the Private Finance Initiative (PFI), while 14 per cent in social housing projects. 11 per cent of company’s total portfolio is exposed to Cardale PFI Investments, which includes various healthcare and education-based projects. The second largest of company’s holdings is GCP bridge holdings in which the company has a 9.9 per cent exposure from its total portfolio, which is another PFI initiative. The company’s total number of holdings is 50 with an annualised yield reported at 8.1 per cent.

The company’s primary investment philosophy is to invest 75 per cent of its total assets in long-term public-sector infrastructure projects with no construction and property risks and to take advantage from contracts where the revenues are based on the availability.

GCP Financial Performance and latest news (Half-yearly report for 6 months ended 31st March 2019)

On 23rd May 2019, the company presented its half-year results for the six months ended 31st March 2019. As on 31st March 2019, the company reported Net Assets at £987.1 million and NAV per share at GBX 112.54. The company also highlighted that the operating income in H1 2019 was at £41.2 million, a decline of 10.04 per cent year on year as compared to the operating profit in H1 2018 at £45.8 million. The company reported the profit for the period at £33.6 million, a year on year decline of 14.93 per cent as compared to the profit in the first half of 2018 at £39.5 million. The decline was majorly driven by no profit realised from the sale of assets in the reporting period.

GCP Share Performance

On 16th October 2019, at 08:05 A.M. GMT, while writing, GCP Infrastructure Investment Limited’s stock’s current market price was at GBX 128.50 per share, a decrease of 0.08 per cent or GBX 0.10 per share as compared to the previous day’s reported closing price which was at GBX 128.60 per share. At the current market price, the company’s shares were trading 1.76 per cent below the 52- week high price of GBX 130.80 per share, which the stock hit on February 18, 2019. The company’s market capitalisation (M-Cap) was currently reported at £1.128 billion.

Man Group Plc

Man Group Plc (EMG) is a Jersey-based holding company that acts as an investment management company and a portfolio solutions provider. The company’s various subsidiaries provide different financial services like investment management and systematic trading, quantitative equity management, alternative investments and credit as well as private equity by leveraging its workforce of expert professionals and sound technological capabilities that are used to enhance and deliver various investment solutions to its clients. The company’s business operations are backed by a strong risk management system that maintains a structure for the oversight of client’s, investments and balance sheet risk as a precaution to any downside situations in the market or as a provision to any other adverse situations in the future. The company also has the Oxford-Man Institute in a partnership with the Oxford University that conducts path-breaking research in quantitative finance using engineering science.

EMG Trading Statement (Quarter Ended 30th September 2019)

The company released its trading statement for the quarter ended 30th September 2019. The company highlighted that the funds under management (FUM) as on 30th September 2019 were USD112.7 billion. There was a positive investment movement of USD 700 million, while there were net outflows of USD1.1 billion and negative foreign exchange impacts of USD 1.3 billion in the quarter. The net outflows mainly included sales of US $6.6 billion and redemptions of USD 7.7 billion which drove the total Funds Under Management to decrease by 1 per cent. Albeit, Alternative investments FUM was actually up from the previous quarter ended 30th June 2019 at USD 68.9 million to USD 70.1 million for the quarter ended 30th June 2019. The management’s outlook regarding future performance is on the conservative side due to the uncertain market and political conditions, but a well-diversified portfolio will allow the company to maintain its financial position.

EMG Share Performance

On 16th October 2019, at 08:15 A.M. GMT, while writing, Man Group Plc’s stock’s current market price was at GBX 152.24 per share, a decrease of 1.85 per cent or GBX 2.86 per share as compared to the previous day’s reported closing price which was at GBX 155.10 per share. At the current market price, the company’s shares were trading 14.04 per cent below the 52-week high price of GBX 177.10 per share, which the stock hit on October 01, 2019. The company’s market capitalisation (M-Cap) was currently reported at £2.373 billion.

Rio Tinto Plc

Rio Tinto Plc (RIO) is a London, the United Kingdom based metals and mining company, that is engaged in the business of exploring, extracting and developing mineral resources for metals such as Iron Ore, Aluminium, Copper as well as other minerals like Diamonds and energy-based resources such as Uranium. The company has worldwide operations with projects in Australia, Canada, Guinea, Madagascar, Mozambique, Serbia, South Africa and the United States of America. The company’s major commercial operations include the processes like Procurement, which enables the company to obtain all kinds of equipment and material for the function of its core operations, Marine and Logistics, which ensures safe shipping and distribution, both on the buy-side and the sell-side and the Sales and Marketing operations, through which the company sells all its extracted and processed products worldwide.

RIO Q3 Operational Review

On 16th October 2019, the company announced an operational review for the production results in the third quarter of the year ended 30th September 2019. It was reported that the production of Pilbara Iron ore shipments and Pilbara iron ore production, increased to 86.1 metric tonnes and 87.3 metric tonnes respectively. Bauxite production increased by 9 per cent year on year and 3 per cent quarter on quarter to 13.8 metric tonnes in Q3 2019. Aluminium production was reported to have declined during the quarter by 2 per cent quarter on quarter to 789 Kilo tonnes. Mined copper production decreased by 1 per cent year on year, while the Titanium dioxide slag production was up 8 per cent year on year to 321 Kilo Tonnes, displaying an overall improved production performance by the company.

RIO Share Performance

On 16th October 2019, at 08:27 A.M. GMT, while writing, Rio Tinto Plc’s stock’s current market price was at GBX 3955.50 per share, a decrease of 1.58 per cent or GBX 63.50 per share as compared to the previous day’s reported closing price which was at GBX 4019.00 per share. At the current market price, the company’s shares were trading 19.64 per cent above the 52-week low price of GBX 3306.25 per share, which the stock hit on December 06, 2019. The company’s market capitalisation (M-Cap) was currently reported at £50.467 billion.

Segro Plc

Segro Plc (SGRO) is a London, the United Kingdom based real Estate Investment Trust (REIT) that is involved in the development and management of commercial warehousing properties in the United Kingdom and European regions. This includes properties in the Netherlands, Germany, France, Spain, Italy and Poland. The company has two kinds of warehouses which are Big Box Warehouses, that are used by retailers, third-party logistics companies, Manufacturers and Distributors and Urban Warehouses, meant for companies that need quick access to their suppliers for customers such as food preparation and packaging companies, Data Centre Operators and Air Cargo handlers.

SGRO Trading Update

On 16th October 2019, the company announced a trading update for the period between 1st July 2019 and 15th October 2019, in which it was highlighted that the company signed contracts worth £15.3 million as compared to the contracts signed worth £12.6 million in the same period of the previous year. The total contracts signed for the year to 30th September 2019 were worth £48.6 million. The growth in rent roll from the existing properties and spaces net of take-backs has been reported to be at £2.1 million. In terms of new development, the company completed 765,000 square metres of space which reportedly has a £33.7 million of headline rent generating capacity. The company also highlighted that the vacancy rate remained almost flatlined as compared to the previous quarter at 4.9 per cent. As per the management of the company, the company has delivered a robust operational performance during the quarter and that this performance will lead the company towards sustainable financial growth, especially in terms of earnings.

SGRO Share Performance

On 16th October 2019, at 08:50 A.M. GMT, while writing, Segro Plc’s stock’s current market price was at GBX 819.00 per share, a decrease of 0.41 per cent or GBX 3.40 per share as compared to the previous day’s reported closing price which was at GBX 822.40 per share. The company’s stocks touched a new 52 week high in today’s trading session when they reached a price of GBX 824.80 per share. The company’s market capitalisation (M-Cap) was currently reported at £9.018 billion.

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