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Amidst the extremely volatile period for the financial markets, especially in the United Kingdom, after the full lockdown of country, the FCA had suggested the companies for a moratorium period of around 2 weeks, by which they should postpone the declaration or announcements of their results and earnings for the previous periods, keeping in view the unprecedented challenges being faced by the companies and their auditors in preparing audited financial information as a result of the coronavirus outbreak. Though, a host of companies have announced their earnings on 30th March 2020. The following is the brief highlights of results from four such companies listed on the London Stock Exchange, and an overview of the Stock price performance of these companies on the market.
Bioventix Plc
Bioventix Plc (LON:BVXP) the UK based biotechnology company concentrates on producing and commercially delivering high-affinity SMAâs (Sheep monoclonal antibodies) for clinical diagnostic applications.
BVXP Interim Result highlights
The company reported its interim results for the period ended 31st December 2019, in which it highlighted that the Revenue for the period was up by around 21 per cent to £5.3 million compared to the revenue in H1 FY2019 at £4.4 million. The company also highlighted that the profit before tax for the interim period was up by approximately 31 per cent year on year and was reported to be at £4.30 million, compared to £3.2 million in H1 FY 2019. Due to the excellent performance of the company in the period, as well as on the basis of companyâs aggressive dividend policy the management proposed an interim dividend of GBX 36.00 per share, an increase of 20 per cent year on year. It was also reported that with the exception of COVID-19, the overall business context and and market scenario in which the company operates had not changed significantly since the 2019 annual report.
BVXP Share Price Performance
At around 03:00 P.M. GMT on 30th March 2020, when writing this article, Bioventix Plc's share was reported to be trading on the London Stock Exchange at a value of GBX 3675.00 per stock, up approximately 14.13 per cent or GBX 455.000, compared to the stock price at the time of closing on the previous day, which was reported to be at GBX 3220.00 At the time of writing, the company's market capitalisation (M-Cap) was reported to stand at a value of GBP 167.10 million.
The companyâs share had reportedly shown a negative change in its price of around 1.61 per cent in value, in the previous one year, since April 01, 2019, when the share was trading at a price of GBX 3735.00 at the time of the close of the market. The companyâs share has also given a negative return of around 1.87 per cent in the last six months from the price GBX 3745.00 as of the time of the close of markets on September 30, 2019.
The stockâs beta was pegged at 0.44, reflecting the fact that the company's stock price has not been showing that much volatility, as the comparative benchmark index.
Rainbow Rare Earths Limited
Rainbow Rare Earths Limited (LON:RBW) is a mining company based in Guernsey that is engaged in the discovery and production through its Gakara mine, a rare earth deposit in Burundi, East Africa.
RBW Interim Results Highlights
The company primarily highlighted that there were 114 tons of concentrates produced in the six months to 31 December 2019 compared to the production during six months to 31 December 2018 which was at 564 tons, and for the twelve months ended 30 June 2019, which was at 788 tons. During the same period, 100 tons of concentrates were exported and sold. This decrease in production represented Gakara's operational difficulties that had been faced since the end of 2018, leading to a revision of the period's operating strategy. Revenue thus amounted to US$ 0.2 million over the period, compared to US$ 1.2 million for the six months to December 31, 2018 and US$ 1.5 million for the year ended June 30, 2019. The EBITDA was a loss of US$ 2.3 million for the year, compared with a loss of US$ 1.4 million over the six months to December 31, 2018 and a loss of US$ 3.4 million for the year to June 30, 2019.
RBW Share Price Performance
At around 03:05 P.M. GMT on 30th March 2020, when writing this article, Rainbow Rare Earths Limited's share was reported to be trading on the London Stock Exchange at a value of GBX 1.50 per stock, down approximately 21.05 per cent or GBX 0.40, compared to the stock price at the time of closing on the previous day. At the time of writing, the company's market capitalisation (M-Cap) was reported to stand at a value of GBP 7.23 million.
The companyâs share had reportedly shown a negative change in its price of around 6.25 per cent in value, in the previous one year, since April 01, 2019, when the share was trading at a price of GBX 1.60 at the time of the close of the market. The companyâs share has also given a negative return of around 46.43 per cent in the last six months from the price GBX 2.80 as of the time of the close of markets on September 30, 2019.
Globaltrans Investment Plc
Globaltrans Investment Plc (LON:GLTR) Is a holding company, headquartered in Cyprus, which provides rail transport services using its own and leased rolling stock, as well as fleet engaged by third-party railway companies, to provide rolling stock, leasing and local shipping services.
GLTR Final Results Highlights
The company announced its final results for the period ended 31st December 2019, in which it highlighted that there were Excellent financial results and market outperformance against a competitive business backdrop which further underlined the power of the operating model used by the company. The companyâs prime highlighting point was that Gazprom Neft signed a new three-year service contract taking the share of Net Revenue from Rolling Stock operations resulting from service contracts to 66 per cent. Average price growth per trip with market share rose to 7.8 per cent compared to 2018 average price growth per trip of 7.4 per cent. Adjusted EBITDA Margin improved to 57 per cent compared to 54 per cent in 2018 and Adjusted EBITDA rose 20 per cent year on year by 13 percent.
GLTR Share Price Performance
At around 03:10 P.M. GMT on 30th March 2020, when writing this article, Globaltrans Investment Plc's share was reported to be trading on the London Stock Exchange at a value of GBX 5.09 per stock, up approximately 0.79 per cent or GBX 0.04, compared to the stock price at the time of closing on the previous day. At the time of writing, the company's market capitalisation (M-Cap) was reported to stand at a value of GBP 730.50 million.
The companyâs share had reportedly shown a negative change in its price of around 51.34 per cent in value, in the previous one year, since April 01, 2019, when the share was trading at a price of GBX 10.46 at the time of the close of the market. The companyâs share has also given a negative return of around 40.81 per cent in the last six months from the price GBX 8.60 as of the time of the close of markets on September 30, 2019.
The stockâs beta was pegged at a value of 1.20, reflecting the fact that the company's stock price has been showing more volatility, as compared to the benchmark index.
Pennon Group Plc
Pennon Group Plc (LON:PNN) is an Exeter based Environment Infrastructure services providing company that primarily operates through three of its subsidiaries and provides services such as water and waste management.
PNN Full Year Trading Update
In terms of trading and group results for 2019/20, the company highlighted that they were in line with management goals With this unprecedented COVID-19 outbreak, The company is doing our utmost to help our employees and customers, with the Group well placed with good funding and liquidity to the current weather volatility
Covid-19 Update
The company mentioned that in these unprecedented times, the health and safety and well-being of the employees and customers is paramount and is the companyâs number one priority currently. The company is doing everything possible to assist them and help prevent the virus from spreading. The company has stringent measures in place at its sites, including increased standards of sanitation, additional hygiene facilities and social distancing, following the current government and public health recommendations.
PNN Share Price Performance
At around 03:15 P.M. GMT on 30th March 2020, when writing this article, Pennon Group Plc's share was reported to be trading on the London Stock Exchange at a value of GBX 1116.50 per stock, up approximately 4.10 per cent or GBX 44.00, compared to the stock price at the time of closing on the previous day. At the time of writing, the company's market capitalisation (M-Cap) was reported to stand at a value of GBP 4.515 billion.
The companyâs share had reportedly shown a positive change in its price of around 52.74 per cent in value, in the previous one year, since April 01, 2019, when the share was trading at a price of GBX 731.00 at the time of the close of the market. The companyâs share has also given a positive return of around 35.01 per cent in the last six months from the price GBX 827.00 as of the time of the close of markets on September 30, 2019.
The stock beta was pegged at a value of 0.41, reflecting the fact that the company's stock price has not been showing that much volatility, as compared to the benchmark index.
Comparative Share Price Chart of BVXP, RBW, GLTR and PNN
Source: Thomson Reuters, as on 30-03-2020, before the close of the London Stock Exchange Market
