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Summary
- FTSE All share is the broader index of the London Stock Exchange, constituting of 616 companies
- Halfords Group PLC reported an overall sales decline of 0.4 per cent because of the fierce competition
- Palace Capital PLC’s earnings surged to £10.8 million for the year ended 31 March 2020
- RM Plc’s Q1 revenue was up by 2 per cent though the Q2 trading fell by 33 per cent
The FTSE All-Share is a broader index of the London Stock Exchange (LSE), introduced in the year 1962. The largest company of the index holds the market cap of £112,526 million, while the smallest one has a market cap of £19 million. The index was originally known as the FTSE Actuaries All Share Index and is presently having 616 constituents. It holds a net market cap of £1,908,084 million and the dividend yield of the index as on 8 July 2020 stood at 4.75.
FTSE All-Share traded at GBX 3,419.42 on 8 July 2020 at 9:35 AM GMT, down by 0.32 per cent from its previous close. The 52 weeks low/high range of the index was reported at GBX 2,727.86/4,257.93.
Below we have discussed four of the FTSE All-Share stocks which have released their results as on 7 July 2020.
Halfords Group PLC
Halfords Group is a leading retailer of the United Kingdom's automotive and cycling products. Serving over 750,000 customers every year, it operates in more than 750 stores. It is a consumer service company, employing over 10,000 staffs.
Preliminary Results for Financial Year 2020
On 7 July 2020, Halford Group released its preliminary results for the financial year 2020. The group's revenue increased by 0.3 per cent to £1,142.4 million for the year ended 3 April 2020 (2019: £1,138.6 million). The gross margin of the company was recorded at 51.1 per cent, rising by 27bps from 50.9 per cent in the financial year 2019. There was a decline in the underlying EBITDA and profit before tax, due to the impact of Covid-19 and acquisition, of 3 per cent and 4.9 per cent respectively. The overall sales declined by 0.4 per cent because of the fierce competition faced by the company for motoring products. However, an improvement was seen in the working capital as the cash position stood at £54.6 million. The basic earnings per share declined by 0.8 per cent to 24.3p.
Stock Performance
Halfords Group Plc (LON:HFD) stock was trading at GBX 147.40 on 8 July 2020, at 9:58 AM GMT, down by 3.03 per cent from its previous close of GBX 152.00. It was having a Market Cap £302.66 million. The volume traded at the time of reporting was 606,457. The company recorded a negative return on price, which was 10.75 per cent on a YTD (Year to Date) basis.
Palace Capital PLC
Incorporated in 2005, Palace Capital is a property investment company. Headquartered in the United Kingdom, it aims at maximising shareholder's values through the strategic development of assets.
Year end result for period ended 31 March 2020
The total property return recorded at 1.1 per cent, has been continuously outperforming the MSCI UK Quarterly Benchmark for the last three years. The earnings of the company were recorded at £10.8 million, rising from £7.6 million in the financial year 2019. It was due to the underlying strength of the investment portfolio. Cash and debt facilities stood at £153.7 million, reflecting a stable balance sheet. A reduction in NAV per share by 43p was seen due to asset revaluations following the pandemic.
Stock Performance
Palace Capital PLC (LON:PCA) stock was trading at GBX 182.00 on 8 July 2020, at 10:09 AM, unchanged as of its previous close. It was having a Market Cap of £83.88 million. The volume traded at the time of reporting was 3,988. The company recorded a negative return on price, which was 44.17 per cent on a YTD (Year to Date) basis.
Photo-Me International PLC
Photo-Me International PLC operates sales and services of vending equipment. It was established in 1958 and is listed on the London Stock Exchange in 1962. With its headquarters in the United Kingdom the company operates in Asia, UK, Ireland and Continental Europe.
12 Months Results for the period Ended 30 April 2020
On 7 July 2020, Photo-Me International PLC released its final results for the year ending on 30 April 2020. The group's revenue decreased by 5.6 per cent to £215.4 million (2019: £228.1 million), due to the decline in consumer activity getting impacted by Covid-19 pandemic. There was a decline in the underlying EBITDA and profit before tax, by 41.4 per cent and 35.6 per cent respectively as well. The cash position of the company stood at £7.9 million. The basic earnings per share declined by 96.2 per cent to 0.31p.
Stock Performance
Photo-Me International PLC (LON:PHTM) stock was trading at GBX 54.80 on 8 July 2020, at 10:17 AM, up by 0.18 per cent from its previous close of GBX 54.70. It was having a Market Cap of £206.77 million. The volume traded at the time of reporting was 76,168. The company recorded a negative return on price, which was 43.37 per cent on a YTD (Year to Date) basis.
RM PLC
RM PLC is a software company involved in supplying products, services and solutions to the educational sectors of the United Kingdom and across the world. It aims at IP and technology growth and focuses on development and providing customer satisfaction. RM PLC group involves companies such as RM Resources, RM Results and RM Education.
Results for the H1 period ended 31 May 2020
On 7 July 2020, RM PLC released its interim results for the six months ending on 31 May 2020. The Covid-19 crisis impacted the company's result as the group's revenue decreased by 17 per cent for the H1 of the year to £79.3 million (H1 2019: £95.5 million), resulting in the shutdown of schools and nurseries. Though the revenue of Q1 was up by 2 per cent, the Q2 trading fell by 33 per cent. The adjusted operating profit also decreased by 57 per cent to £4.2 million due to a decrease in revenue. Actions were taken by the company to reduce the cost and to mitigate the impact of the pandemic. Adjusted profit before tax was £3.5 million, decreasing by 62 per cent on H1 2019 and the diluted earnings per share also fell to 1.8p (2019: 8.2p). There was an improvement in the net debt of £7 million.
Stock Performance
RM PLC (LON: RM.) stock was trading at GBX 257.00 on 8 July 2020, at 10:24 AM, down by 0.39 per cent from its previous close of GBX 258.00. It was having a market capitalisation (Mcap) of £216.40 million. The volume traded at the time of reporting was 849. The company recorded a negative return on price, which was 7.19 per cent on a YTD (Year to Date) basis.
