Financial Highlights From Three Key FTSE Stocks – CLIG, SLP And CLCO

7 min read | February 17, 2020 09:32 AM EST | By Team Kalkine Media

City of London Investment Group Plc

City of London Investment Group Plc (LON:CLIG) is the UK based financial services organisation that acts as an asset and fund manager for closed-ended funds. The company’s primary accounts and clients include pension and endowment fund institutions from across the world.

CLIG Half Year Results

The company declared its results for the half-year ended 31st December 2019 on 17th February 2020. It was reported that the Funds under Management were at US $6.0 billion or £4.5 billion as on 31st December 2019. This was in comparison with US $5.4 billion or £4.3 billion as on 1st July 2019 and US $4.6 billion or £3.6 billion as reported on 31st December 2018. The revenues for the period had been reported at a value of £17.3 million as compared to £15.6 million for the period ending 31st December 2018. Profit before tax was reported at £6.3 million as opposed to the period ending 31st December 2018 when the profit before tax was £5.2 million for the period.

CLIG Stock Price Performance

(Source: Thomson Reuters) Daily Chart as on 17-February-20, before the closing of the LSE Market

As on 17th February 2020, at 01:30 P.M (Greenwich Mean Time), by the time of writing this report, the City of London Investment Group Plc Stock was trading at a price of GBX 462.00 per stock on the London Stock Exchange market, a decline in the value of 0.11 per cent or GBX 0.50 per stock, as opposed to the price of the stock on the previous trading day, which had been reported to be at GBX 462.50 per stock. At the time of writing, the stock of City of London Investment Group Plc was reported to have been trading 24.09 per cent above the 52-week low stock price, that was GBX 372.30 per stock, and the company set this price on March 11, 2019. At this time, the stock price was reported to have been trading 3.35 per cent lower than the 52-week high price of GBX 478.00, that the company achieved as on February 17, 2020. The market capitalisation (M-Cap) of the stock stood at a value of GBP 122.84 million, with respect to the current market price of the stock of the company at the time of writing this report.

It has been reported that the City of London Investment Group Plc stock had gained around 14.07 per cent in value, in the last twelve months, since February 18, 2019, when the stock was trading at a price of GBX 405.00 per stock at the time of the close of the market.

The beta of the City of London Investment Group Plc’s stock has been reported to be at 0.61, giving an idea that the movement in the stock price, is less fickle, as against the movement of the comparative benchmark index.

Sylvania Platinum Limited

Sylvania Platinum Limited (LON:SLP) is a Hamilton, Bermuda based explorer and producer of metals from the Platinum group such as Platinum and Palladium.

SLP Half Year Report

On 17th February 2020, Sylvania Platinum Limited declared its interim results for the six months period that ended on 31st December 2019. It was highlighted that the revenue for the period was around US $59.0 million. This included the pipeline sales adjustments for the period and was an increase of around 84 per cent against HY1 2019 revenue of US $32.1 million. The Group EBITDA was up by 197 per cent and was reported to be at $36.7 million as against the Group EBITDA in HY1 2019 at US $12.3 million. The Net profit for the period was reported to have improved by 244 per cent to US $23.9 million as against HY1 2019 net profit of US $7.0 million.

SLP Stock Price Performance

(Source: Thomson Reuters) Daily Chart as on 17-February-20, before the closing of the LSE Market

As on 17th February 2020, at 01:35 P.M (Greenwich Mean Time), by the time of writing this report, the Sylvania Platinum Limited Stock was trading at a price of GBX 53.35 per stock on the London Stock Exchange market, an increase in the value of 8.88 per cent or GBX 4.35 per stock, as opposed to the price of the stock on the previous trading day, which had been reported to be at GBX 49.00 per stock. At the time of writing, the stock of Sylvania Platinum Limited was reported to have been trading 178.15 per cent above the 52-week low stock price, that was GBX 19.18 per stock, and the company set this price on February 18, 2019. At this time, the stock price was reported to have been trading 2.29 per cent lower than the 52-week high price of GBX 54.60, that the company achieved as on February 17, 2020. The market capitalisation (M-Cap) of the stock stood at a value of GBP 138.48 million, with respect to the current market price of the stock of the company at the time of writing this report.

It has been reported that the Sylvania Platinum Limited stock had gained around 142.50 per cent in value, in the last twelve months, since February 18, 2019, when the stock was trading at a price of GBX 22.00 per stock at the time of the close of the market.

The beta of the Sylvania Platinum Limited’s stock has been reported to be at 0.28, giving an idea that the movement in the stock price, is less fickle, as against the movement of the comparative benchmark index.

CloudCoco group Plc

CloudCoco Group Plc (LON:CLCO) is a Warrington based Computer services company that engages in the provision of Information Technology enabled Services (ITeS) in the entire United Kingdom, primarily to medium-sized organisations.

CLCO Final Results

On 17th February 2020, the company issued a press release to announce its final results for the period ended 30th September 2019. In the presser, it was highlighted that the Revenue in the year was at £7.3 million as opposed to the FY18 revenue that was reported at £10.2 million and the gross profit for the period was at £3.7 million in comparison with the FY18 gross profit of £5.7million. This was principally due to the declining emphasis on new business generation after the Board's strategic review. The Trading overheads for the period were down by 23 per cent from £5.1 million in FY 2018 to £4.0 million in FY 2019, basically because of the diminishing cost base required due to the result of the Board's decision to focus on existing customer base. Group EBITDA loss was reported to be at £0.2 million as opposed to the FY18 EBITDA profit of £0.6 million.

CLCO Stock Price Performance

(Source: Thomson Reuters) Daily Chart as on 17-February-20, before the closing of the LSE Market

As on 17th February 2020, at 01:40 P.M (Greenwich Mean Time), by the time of writing this report, the CloudCoco Group Plc Stock was trading at a price of GBX 0.91 per stock on the London Stock Exchange market, a decline in the value of 14.95 per cent or GBX 0.16 per stock, as opposed to the price of the stock on the previous trading day, which had been reported to be at GBX 1.07 per stock. At the time of writing, the stock of CloudCoco Group Plc was reported to have been trading 203.33 per cent above the 52-week low stock price, that was GBX 0.30 per stock, and the company set this price on July 10, 2019. At this time, the stock price was reported to have been trading 78.33 per cent lower than the 52-week high price of GBX 4.20, that the company achieved as on October 02, 2019. The market capitalisation (M-Cap) of the stock stood at a value of GBP 5.32 million, with respect to the current market price of the stock of the company at the time of writing this report.

It has been reported that the CloudCoco Group Plc stock had gained around 1.11 per cent in value, in the last twelve months, since February 18, 2019, when the stock was trading at a price of GBX 0.90 per stock at the time of the close of the market.

The beta of the CloudCoco Group Plc’s stock has been reported to be at -8.28, giving an idea that the movement in the stock price, is inversely correlated as against the movement of the comparative benchmark index.


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