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The broader indices of the UK have given up more than 2% since the beginning of 2020 to January 30. With the FTSE 100 index which slipped approximately 2.7% since December 31, 2019 closing price of 7,542.44 to 7,381.96 at the close of January 30, 2020. And, the FTSE 250, which primarily gauges more domestically exposed companies, has slumped approximately 3.0% from 21,883.42 (as on January 31, 2019) to 21,291.88 (as on January 30, 2020).
However, amidst this downtrend, there were several specific counters which have turned investors' fortune in the past 30-days and completely reversed the broader trend prevailing throughout January on the London Stock Exchange.
Here, we are going to discuss three of those FTSE alpha stocks of January 2020
7digital Group plc â Up 130.3%
Shares of Alternative Investment Market-listed AIM: 7DIG turned its investor's fortune in just a month over time. As its shares leapt up more than 121.3% to GBX 0.36 (at the closing of January 30, 2020). However, on a YoY basis, its shares have declined significantly by 62%.
Though its performance is quite below its benchmark indices like FTSE AIM 100 and FTSE AIM All-Share on YoY basis, however it substantially outperformed the broader indices performance over the YTD basis.
The £8.96 million market-cap company is engaged in providing speciality retail business and offers B2B digital music and radio services. Since June 2014, its shares are trading on the AIM segment of the London Stock Exchange.
Its shares have been trading considerably in an uptrend since past three months, as over the past three months its shares have surged approximately 102.78%, nudged around 121.21% in a month-over period and in the past five trading sessions its shares traded approximately 1.4% higher, reflecting a steep uptrend in the stock.
Also, the volume traded in this counter has substantially surged over the past 20 trading session, as 20-day average volume traded in the stock stood at 43.7 million against 90-day average traded volume of 14.08 million, which reflects that 20-day average volume traded is approximately 3.1x of the 90-day average traded volume. A volume spurt has also supported the recent rally in the stock.
Recently, the group has reported its trading update for the year ended as on December 31, 2019, in which the group reported that the year was a period of transformation for the company, with new board member, company securing additional funding, reduced costs and a revised strategy utilising 7digital's market-leading technology to capitalise on the growth in music streaming. The board of the company stated that its strategy is performing well, and the company expects to report results for the full year 2019 in line with management expectations.
Also, during the period under consideration, the group had secured a further £2.1 million of funding in September 2019, together with this, at the same time, it has secured £1 million debt facility. This would bring total funding to £5 million since June 2019. The management also stated that it had exercised a rigorous cost reduction programme, which has lowered the operational cost run rate by over 50% since the beginning of 2019.
The group is bullish to make substantial gain from the effect of powering streaming music opportunities in developed and emerging markets, with significantly improved financial position, and increasing client renewals.
Asimilar Group PLC (AIM: ASLR): Alternative Investment Market-traded AIM: ASLR is the UK-headquartered diversified financial service company, with an outstanding market-capitalisation of £49.26 million, which ranks it among the small-cap listed and traded on the London Stock Exchange.
Its shares have surged approximately 106.52% on a YTD basis to GBX 47.50 (as on January 30, 2020). On a YoY basis, its shares have shown a massive uptrend of more than 1000%, over the past three months, its shares have traded approximately 387% higher, in a month over period its shares surged approximately 111%, however, gave up approximately 5% in the past five trading session. Its shares have broadly surpassed the broader trend in the FTSE AIM Indices, like FTSE AIM UK 50, FTSE AIM 100 and FTSE AIM All-Share over the past one-year, 3-months, and a month over the period.
Also, the average numbers of shares that changed hands in this particular counter over the past 20-day stood at 1.93 million against the 90-day average traded volume of 1.56 million, which reflects a volume spurt of 1.2x in the past 20-day against 90-day average traded volume.
Goldplat PLC (AIM: GDP): Alternative Investment Market-traded AIM: GDP is the UK-headquartered gold mining company, with an outstanding market-capitalisation of £8.46 million, which ranks it among the micro-cap listed and traded on the London Stock Exchange.
Shares of this gold mining company have delivered a price return of 94.23% to GBX 5.05 (as on January 30, 2020) on a YTD basis. This has broadly outperformed the performance of major AIM indices like FTSE AIM UK 50, FTSE AIM 100 and FTSE AIM All-Share, respectively.
On a YoY basis, its shares have delivered a price return of 40.28%, substantially higher against the benchmark indices performance over the same period. In the past three months, its shares have bagged approximately 66%, in a month-over period its shares have added approximately 106%, however, the stocks lost about 15% in the past five trading sessions.
Goldplat is engaged in the production of gold and other precious rare earth metals. Its operational segment is divided into different verticals, like mining and exploration. Since, July 2006 its shares are trading on the AIM segment of the London Stock Exchange, respectively. FIL Investment Advisors (UK) Ltd. and Hargreave Hale Ltd. are among the major institutional investors in the company. (Source: Thomson Reuters)
