Changes In The Board For Two FTSE Stocks: Restaurant Group Plc and Edenville Energy Plc

  • Oct 29, 2019 GMT
  • Team Kalkine
Changes In The Board For Two FTSE Stocks: Restaurant Group Plc and Edenville Energy Plc
Restaurant Group PLC

Restaurant Group Plc (RTN) is a UK based hospitality group with a diverse portfolio of well-known brands. The company presently operates 650 pubs and restaurants in the UK. The company also have a presence in concessions business with 30 brands in the 70 outlets, mostly in the UK airports.

RTN-Recent News

On 28th October 2019, the company announced the appointment of two non-executive directors effective from 1st January 2020, namely, Zoe Morgan and Alison Digges. Alison has comprehensive experience of consumer businesses in the gaming and digital media sectors while Zoe has rich experience as a marketeer and a Non-executive director.

RTN-Financial Highlights for H1 FY19

In the first half of the financial year 2019, the company’s reported revenue increased by 58.20 per cent to £515.9 million as compared with the corresponding period of the last year, due to acquisition of Wagamama and being consolidated completely into TRG business. The company’s adjusted EBITDA stood at £61.4 million, an increase of 60.1 per cent from the previous year same period data. The company’s Adjusted operating profit stood at £36.5 million, an increase of 70.8 per cent from the previous year same period data. In H1 FY2019, the company reported a statutory operating loss of £79,268 thousand versus an operating profit of £12,901 thousand in H1 FY2018. Adjusted profit before tax surged by 35.6 per cent to £28.1 million as compared to £20.7 million in H1 FY18. Adjusted basic earnings per share stood at 4.51 pence against the 5.89 pence in H1 FY18.

On an adjusted basis, the company has reported strong performance for the first half of the financial year 2019. The company’s top-line performance has improved significantly with a solid performance from all businesses for the period.

On Statutory basis, the company’s profitability remained in the negative zone. The bottom-line performance has declined as well for the current period. The company’s operations are further impacted by the ongoing Brexit, as it might disturb the company’s supply chain.

The group is focussed on optimising its Leisure business through disciplined estate management and targeted operational initiatives. The company’s business is positioned purposefully and is diversified to get benefit from the growth opportunities available.

RTN-Share price performance

(Source: TR)

On 29th October 2019, while writing at 12:06 PM GMT, Restaurant Group Plc shares were clocking a current market price of GBX 132.2 per share; which was less by 0.37 per cent in comparison to the last traded price of the previous day. At the time of writing, the company’s market capitalisation was at around £650.13 million.

On 30th October 2018, the shares of RTN share prices touched a new 52-week peak of GBX 219.14 and the 52-week lowest price level of GBX 110.10 on 08th April 2019. At the current trading levels, the company’s shares were 39.67 per cent lower from the high price mark of last one year and 20.07 per cent higher than the low-price mark of the last one year.

The stock’s traded volume was hovering ~ 205,827 at the time of writing before the market close. The company’s 5-day stock's average daily traded volume was 1,255,751.20; 30 days average traded volume- 2,164,268.37 and 90 days average traded volume – 1,706,905.39. The company’s stock was 32 per cent more volatile than the benchmark index, as the beta (5Y monthly) of the company’s stock stood at 1.32.

The shares of the company have delivered a return of (-)11.24 per cent in the last quarter. The company’s stock slumped by 6.94 per cent from the start of the year to till date. The company’s stock has given investors (-)38.21 per cent of return in the last year. 

 

Edenville Energy PLC

United Kingdom-based Edenville Energy PLC (EDL) is involved in the development and exploration of energy commodities, mainly uranium and coal in Africa. The operations of the group are differentiated in two core operating segments, namely Coal and Other. The group has around three coal deposits in the Rukwa Coalfields: Namwele, Muze, and Mkomolo.  The Company's other projects comprise of Lake Nyasa, and Matiri North and South. The group is a member of the FTSE AIM All-Share.

EDL-Recent news

The AIM-listed company, Edenville Energy Plc announced the appointed of new Chief Executive Officer (CEO) of the company Mr Alistair Muir, effective from 1st November 2019. Although the existing CEO, Mr Rufus Short will step down from his position to honour some family commitments, he will continue to serve as a Non-executive Director of the company.

EDL-Financial highlights for H1 FY19

On 27th September 2019, the company released its interim results for the first half of the fiscal year 2019 period ended 30th June 2019. The company’s revenue was recorded at £151,140 in H1 FY19 as against £59,310 in H1 FY18. The company incurred loss post taxation to the tune of £888,045 in H1 FY19 as against a loss of £544,959 in H1 FY18.  The company’s net assets were recorded at £6,367,559 as on 30th June 2019 as against net assets worth £7,568,436 on 30th June 2018. The company incurred a total comprehensive loss of £887,339 for the period in H1 FY19 as against a loss of £387,412 in H1 FY18. The company successfully raised gross proceeds of £510,000 in April 2019 through the placement of shares which will be further utilised in coal production advancement. The company upgraded its Coal wash plant and Lamella water treatment plant which are now fully operational. In addition, the company introduced a coal sizer and installed a screening plant to ensure improvement in efficiency and production standards. The company has started recovering around 40 per cent of coal material above 8mm after re-treatment of fine coal, which will be made available for either direct sale or would be blended with existing coal stocks. The company had cash balances of £75,843 as at 30th June 2019.

EDL-Share price performance

(Source: TR)

On 29th October 2019, while writing at 12:11 PM GMT, Edenville Energy PLC shares were trading at price of GBX 0.04 per share; which remained flat in comparison to the last traded price of the previous day. At the time of writing, the company’s market capitalisation stood at around £2.02 million.

On 30th October 2018, the shares of EDL have touched a new peak of GBX 0.25 and reached the lowest price level of GBX 0.018 on 15th April 2019 in the last 52 weeks. At the current trading level, the company’s shares were 84 per cent lower from the last one-year high price mark and 122.22 per cent higher than the last one-year low price mark.

The stock’s traded volume was hovering around 7,291,963 at the time of writing before the market close. The company’s 5-day stock's average daily traded volume was 16,236,518.80; 30 days average traded volume- 14,166,408.07 and 90 days average traded volume – 21,632,175.69.

The shares of the company have delivered a return of (-)30.43 per cent in the last quarter. The company’s stock slumped by 74.19 per cent from the start of the year to till date. The company’s stock has given investors (-) 83.33 per cent of return in the last year. 

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