3 FTSE Stocks In Focus- CFX, CRST & DRIP

7 min read | January 29, 2020 08:55 PM AEDT | By Team Kalkine Media

AColefax Group Plc

Colefax Group Plc (LON:CFX) is a global supplier and designer of luxury wallpapers & furnishing fabrics and is a prominent global decorating company. The company sells its product under the brand names of Larsen & Manuel Canovas, Jane Churchill, Cowtan & Tout and Colefax & Fowler. The Group has offices in various countries such as the USA, UK, France, Italy and Germany, signifying the company’s expanding international distribution network, in sync with company’s strategy to expand its portfolio of luxury fabrics brands globally.

CFX – Financial Highlights

On 28th January 2020, the company announced its Half Year Results for the six months ended 31st October 2019.

The group sales revenue decreased by 5.3 per cent to £42.98 million in the six months of 2019 as compared to £45.38 million in the six months of the 2018. The sale also declined by 7.4 per cent on a constant currency basis. The Core Fabric segment sales decreased by 1.1 per cent to £36.50 million in the six months of 2019 as compared to the £36.89 million in the six months of the FY2018, and it also reduced by 3.8 per cent on a constant currency basis.

The profit of operations decreased to £3.5 million in the six months of 2019 as compared to £3.6 million in the six months of 2018. The profit before taxation decreased to £2.9 million in the six months of 2019 as compared to £3.6 million in the six months of 2018. The profit for the period attributable to equity holders of the parent decreased to £2.1 million in the six months of 2019 as compared to £2.7 million in the six months of 2018.

The total comprehensive income for the period attributable to equity holders of the parent decreased to £1.9 million in the six months of 2019 as compared to £3.4 million in the six months of 2018.

The basic and diluted earnings per share decreased to 23.9 pence in six months of the financial year 2019 as compared to 27.9 pence per share in six months of the fiscal year 2018.

CFX – Share Price Performance

On 28th January 2020 as at 16:40 PM (GMT), the stock of CFX closed at GBX 410.0 per share on the London Stock Exchange, a downside of 5.75 per cent or GBX 25.0 per share, versus previous day’s closing price of GBX 435.0 per share.

The company’s market capitalisation was reported at £36.99 million at the time of writing. The free float and shares outstanding of CFX were reported at 5.21 million and 9.02 million, respectively.

CFX’s share price of GBX 550.0 as on 26th April 2019 was its 1-year peak price, whereas the share price of GBX 391.0 as on 28th January 2020 was the 1-year low share price. The current share price was lower by 25.5 per cent from the 1-year high price, whereas it was higher by 4.9 per cent from the 1-year low price.

The beta of the stock of the company has been reported at a value of 0.11, which means that CFX stock has shown very low volatility in its movement, as compared to the volatility of the comparative index in the last twelve months.

Crest Nicholson Holdings Plc

Crest Nicholson Holdings Plc (LON:CRST) has been into the construction of new homes for more than 50 years and has established itself as a prominent developer with a zest for not just building homes but creating vibrant, viable communities. The company’s mission is to enhance the quality of life for groups and individuals by giving them better houses, leisure spaces, workplaces and retail. The company’s core four principles are innovation & design, sustainability, and customer care.

CRST – Financial Highlights

On 28th January 2020, the company released its preliminary results for the year ended 31st October 2019.

The company’s sales, including the Group’s share from joint ventures, decreased to £1,094.9 million in the year 2019 as compared to £1,122.0 million in the year 2018. The Home completions too decreased by 4 per cent to 2,192 units as compared to 3,048 units in the year 2018.

The adjusted operating profit margin increased to 12.2 per cent in the year 2019 as compared to 16.2 per cent in the year 2018. The adjusted profit before tax decreased to £121.1 million in the year 2019 as compared to £168.7 million.

The company reported a one-time charge with regards to fire-risk of £18.4 million in the year 2019. The statutory profit before tax decreased to £102.7 million in the year 2019 as compared to £168.7 million in the year 2018.

The company reported the forward sale for mid-January 2019 to £503.5 million as compared to £648.3 million in the mid-January 2018, a decrease of 22.33 per cent.

The total full-year dividend has been kept constant at 33.0 pence per share in the year 2019, the same as of the year 2018. The Net cash at the year 2019 end increased to £37.2 million as compared to £14.1 million in the year 2018.

CRST – Share Price Performance

On 28th January 2020 as at 16:40 PM (GMT), the stock of CRST closed at GBX 472.60 per share on the London Stock Exchange at the time of writing, an upside of 7.36 per cent or GBX 32.40 per share, versus previous day’s closing price of GBX 440.20 per share.

The company’s market capitalisation was reported at £1.21 billion at the time of writing. The free float and shares outstanding of CRST were reported at 239.68 million and 256.92 million, respectively.

CRST’s share price of GBX 472.80 as on 28th January 2020 was its 1-year peak price, whereas the share price of GBX 328.45 as on 29th January 2019 was the 1-year low share price. The current share price was lower by 0.04 per cent from the 1-year high price, whereas it was higher by 43.88 per cent from the 1-year low price.

The beta of the stock of the company has been reported at a value of 0.69, which means that CRST stock has shown low volatility in its movement, as compared to the volatility of the comparative index in the last twelve months.

Drum Income Plus REIT Plc

Drum Income Plus REIT Plc (LON:DRIP) is a company which invests in regional commercial property assets and is known as a real estate investment trust company (REIT). It aims to deliver shareholders with an attractive blend of capital growth and income return by investing in a diversified portfolio of real estate.

DRIP – NAV Updates

On 24th January 2020, the company declared its unaudited net asset value (“NAV”) as at 31st December 2019.

Company’s independent valuation of the property portfolio was reported to £55.35 million as at 31st December 2019, which remained the same as the reported value as at 30th September 2019.

The Net asset value per share increased to 85.14 pence as at 31st December 2019, as compared to 84.97 pence as at 30th September 2019. The Earnings per share (excluding revaluation losses and gain on the fair value of investments) reported to 1.78 pence for three months ended 31st December 2019.

The dividend paid was reported at 1.50 pence during the period of 01st October 2019 to 31st December 2019. The NAV total return (NAV movement plus dividend paid) was reported at 2 per cent from the period of 1st October 2019 to 31st December 2019.

DRIP – Share Price Performance

On 28th January 2020, as at 16:40 PM GMT, the stock of DRIP closed at GBX 77.50 per share on the London Stock Exchange at the time of writing, unchanged as of the previous day’s closing price.

The company’s market capitalisation was reported at £30.80 million at the time of writing. The total expense ratio of DRIP was reported at 2.26 per cent, and the shares outstanding of DRIP were reported at 38.20 million.

DRIP’s share price of GBX 94.50 as on 05th April 2019 was its 1-year peak price, whereas the share price of GBX 70.0 as on 16th December 2019 was the 1-year low share price. The current share price was lower by 17.9 per cent from the 1-year high price, whereas it was higher by 10.7 per cent from the 1-year low price.

The beta of the stock of the company has been reported at a value of 0.08, which means that DRIP stock has shown very low volatility in its movement, as compared to the volatility of the comparative index in the last twelve months.


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