Business Overview of Three FTSE Listed Stocks: Tullow Oil, Helios Towers & Legal & General Group

  • Jan 05, 2020 GMT
  • Team Kalkine
Business Overview of Three FTSE Listed Stocks: Tullow Oil, Helios Towers & Legal & General Group

Tullow Oil Plc

Tullow Oil Plc (LON: TLW) is an oil & gas exploration and production company. The company has its business across 15 countries. The West Africa team manages production activities and developments in West Africa and Europe while the East Africa team manages the exploration activities in Kenya. The New Ventures team focuses on exploration activities across Africa and South America.

TLW – News Updates

On 2nd January 2020, the company announced that the Carapa-1 exploration well had expanded the prolific Cretaceous oil play into the company’s Guyana acreage and had encountered around four metres of net oil pay based on preliminary interpretation.

TLW – Trading Statement (As on 13th November 2019)

The company announced a trading update for the period 24th July 2019 to 13th November 2019. The group reported that the West Africa net oil production from Ghana and non-operated portfolio is expected to be at an average 87,000 barrels of oil equivalent per day for the full year 2019. As per the group, this is marginally lesser than the prior estimates made by the company majorly because of Ghana’s production performance. The group also highlighted that the Full-year 2019 Capital Expenditure is expected to be at $540 million, and free cash flow is expected to be at $350 million. The company reported that the net debt would be approximately $2.8 billion at the end of the period.  The company also updated that the Kenya project made its first cargo exports from the East African segment worth 240,000 barrels of oil from Mombasa.

On January 3rd, 2020, Tullow Oil Plc shares closed at GBX 60.00 at the time of writing after the market closed, up by 0.57 per cent against the last day closing price. Stock's 52 weeks High and Low are GBX 254.71/GBX 38.05. The stock price has delivered negative 67.09 per cent return in the last one year, and negative 70.69 per cent return in the last three months.

The company made its 52-week high of GBX 254.71 on 23rd April 2019 and made its 52-week low of GBX 38.05 on 9th December 2019.

The average volume of the Tullow Oil Plc shares is 14.84 million, and it has a market cap of GBP 846.18 million.

Total outstanding shares of the Tullow Oil Plc are 1.41 billion.

The beta of the Tullow Oil Plc’s stock was reported to be at 1.3824. It implies that the stock price movement of the company is more volatile, in comparison to the benchmark market index’s movement.

Helios Towers Plc

Helios Towers Plc (LON: HTWS) is UK-based telecommunication infrastructure tower company in Africa. The company operates telecommunications towers and infrastructure. The company engages in building and operating telecommunications towers that can accommodate the needs of mobile network operators and other telecommunications providers. The company also offers tower-related operational services.

HTWS – Financial Highlights for Q3 Financial year 2019

The company’s revenue increased by 10.44 per cent to US$97.3 million in Q3 FY2019 as compared to US$88.1 million in Q3 of FY2018. The adjusted EBITDA increased by 16 per cent to US$52.5 million in Q3 FY2019 as compared to US$45.2 million in Q3 FY2018. The operating profit/(loss) for the period was US$0.1 million in Q3 FY2019 as compared to a loss of US$3.0 million in the same period of FY2018. The company witnessed an increase of 9 per cent in tenants to 14,226 tenants in the third quarter of 2019 against 13,063 tenancies in Q3 FY2018. The company’s adjusted EBITDA margin increased to 54 per cent in the third quarter of FY2019 as compared to 51 per cent in the third quarter of FY2018.

On January 3rd, 2020, Helios Towers Plc shares closed at GBX 150 at the time of writing after the market closed, up by 0.47 per cent against the last day closing price. Stock's 52 weeks High and Low are GBX 160.10/GBX 113. The stock price has delivered 12.2 per cent return in the last one month.

The company made its 52-week high of GBX 160.10 on 31st December 2019 and made its 52-week low of GBX 113 on 7th November 2019.

The average volume of the Helios Towers Plc shares is 1.94 million, and it has a market cap of GBP 1.51 billion.

Total outstanding shares of the Helios Towers Plc are 1 billion.

Legal & General Group Plc

Legal & General Group Plc (LGEN) is mainly engaged in providing products and services related to insurance and investment management (British holding company). It is one of the world’s largest insurance and investment management groups and operates worldwide through its subsidiaries and associates, with the United States and the United Kingdom being the primary markets.

LGEN – Business Update

The company announced introduction of a GBP-denominated benchmark Tier 2 subordinated debt issuance. LGRI (Legal & General Retirement Institutional) has transacted 8.5 billion pounds of international PRT (Pension Risk Transfer) to 31st October 2019. Further, this includes a UK PRT of £1.2 billion and a US PRT of $0.6 billion (£0.5 billion) written since the first half of 2019. The Solvency II capital and financial metrics strain of these deals are in line with the company’s prior transactions. The LGRI is in exclusive negotiations on an additional £3 billion of international PRT pipeline of which the company expect to complete before the financial year 2019 end. LGRR (Legal & General Retirement Retail) has attained individual annuity sales which was increased by 34% to £829 million to 31st October 2019 as compared with the corresponding period of the last year. Lifetime mortgage advances declined by 15% to £823 million to 31 October 2019 against the same period last year. LGIM (Legal & General Investment Management) had attained £83 billion of external net flows in the year to 31st October 2019, which includes an additional external net flows of £23 billion since the first half of 2019.  On 31st October 2019, LGIM's AUM stood at £1.2 trillion. In the financial year 2019, the company expects the Solvency ratio will be in a range of 171%-176%. Till 31st December 2019, the company assumes that the market conditions will not change.

On January 3rd, 2020, Legal & General Group Plc shares closed at GBX 306.00 at the time of writing after the market closed, down by 1.61 per cent against the last day closing price. Stock's 52 weeks High and Low are GBX 324.70/GBX 214.90. The stock price has delivered 35 per cent return in the last one year, and 29.3 per cent return in the last three months.

The company made its 52-week high of GBX 324.70 on 13th December 2019 and made its 52-week low of GBX 214.90 on 28th August 2019.

The average volume of the Legal & General Group Plc shares is 7.94 million, and it has a market cap of GBP 18.55 billion.

Total outstanding shares of the Legal & General Group Plc are 5.97 billion.

The beta of the Legal & General Group Plc stock was reported to be at 1.0758. It implies that the stock price movement of the company is slightly more volatile, in comparison to the benchmark market index’s movement.

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