Financial Updates of Three FTSE Stocks - OCDO, ARE & WGB

7 min read | February 12, 2020 02:05 AM PST | By Team Kalkine Media

Ocado Group Plc

Ocado Group plc (LON:OCDO) is United Kingdom-based online grocery retailer. The company, with its unique offering, has been serving the customers for over nineteen years. In the year 2019, the company was having 795,000 number of active customers and was holding around 14 per cent share of the online grocery market of the United Kingdom. The company provides not only variety and value but also the flawless service, all combined to create a powerful, market-leading proposition.

OCDO – Financial Highlights

On 11th February 2020, the company released its full-year results for the 52 weeks ended 1st December 2019.

The company’s revenue increased to £1,756.6 million for the 52 weeks ended 1st December 2019 as compared to £1,598.8 million for the 52 weeks ended 2nd December 2018. The Gross profit increased to £591.8 million for the 52 weeks ended 1st December 2019 as compared to the £547.8 million for the 52 weeks ended 2nd December 2018.

The operating loss before results from joint ventures and associate decreased to £186.5 million for the 52 weeks ended 1st December 2019 as compared to the loss of £33.1 million for the 52 weeks ended 2nd December 2018. Similarly, the operating loss decreased to £185.8 million for the 52 weeks ended 1st December 2019 as compared to a loss of £31.9 million for the 52 weeks ended 2nd December 2018.

The loss before tax decreased to £214.5 million for the 52 weeks ended 1st December 2019 as compared to the loss of £44.4 million for the 52 weeks ended 2nd December 2018. The loss for the period decreased to £211.8 million for the 52 weeks ended 1st December 2019 as compared to the loss of £44.9 million for the 52 weeks ended 2nd December 2018.

(Source: Company Filings)

OCDO - Stock Price Performance

On 12th February 2020, at around 08:16 AM (GMT), the stock of Ocado Group Plc was trading at a price of GBX 1,228.00 per share on the London Stock Exchange, a decline in the value of around 2.11 per cent or GBX 26.50 per share, as opposed to the closing price of the stock on the previous trading day, which has been reported to be at GBX 1,254.50 per share.

At the time of writing, the market capitalisation of Ocado Group plc was £8.78 billion with regards to the current market price of the stock. The free float and outstanding shares of Ocado Group plc were reported at 427.18 million and 700.25 million, respectively.

The share price of Ocado Group plc recorded at GBX 1,440.50 as on 24th April 2019 was its 1-year peak price, whereas the share price recorded at GBX 875.0 as on 25th February 2019 was the 1-year low share price.

The beta of the stock has been reported at a value of 1.21, representing the fact that the movement of the share price of the company, is high in volatility as compared with the movement in the comparative benchmark index.

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Arena Events Group Plc

Arena Events Group Plc (LON:ARE), a global turnkey event delivery and design company is based in the United Kingdom. The company’s unique high-level service and the product delivery has become well-regarded and recognised as the ‘Arena Standard’. The company has expanded internationally, having workforce of 1,224 employees through eighteen depots across the world.

ARE – Financial Highlights

On 11th February 2020, the company released its Interim Results for the six months ended 31st December 2019.

The company’s revenue increased to £92.7 million in the six-month ended 31st December 2019 as compared to £80.1 million in the six-month ended 31st December 2018. The gross profit increased to £30.2 million in the six-month ended 31st December 2019 as compared to £25.1 million in the six-month ended 31st December 2018.

The operating profit was at £5.3 million in the six-month ended 31st December 2019 as compared to the loss of £0.3 million in the six-month ended 31st December 2018.

The profit before taxation was reported at £4.1 million in the six-month ended 31st December 2019 as compared to the loss of £1.4 million in the six-month ended 31st December 2018. Similarly, the profit after taxation increased to £4.1 million in the six-month ended 31st December 2019 as compared to the loss of £1.7 million in the six-month ended 31st December 2018.

The basic and diluted profit per share increased to 2.7 pence in the six-month ended 31st December 2019 as compared to the loss of 1.5 pence in the six-month ended 31st December 2018.

(Source: Company Filings)Â

ARE - Stock Price Performance

On 12th February 2020, at around 08:06 AM (GMT), the stock of Arena Events Group Plc was trading at a price of GBX 25.48 per share on the London Stock Exchange, an increase in the value of around 0.31 per cent or GBX 0.08 per share, as opposed to the closing price of the stock on the previous trading day, which has been reported to be at GBX 25.40 per share.

At the time of writing, the market capitalisation of Arena Events Group Plc was £38.79 million with regards to the current market price of the stock. The free float and outstanding shares of Arena Events Group Plc were reported at 145.14 million and 152.71 million, respectively.

The share price of Arena Events Group Plc recorded at GBX 41.90 as on 11th April 2019 was its 1-year peak price, whereas the share price recorded at GBX 15.0 as on 11th September 2019 was the 1-year low share price.

Walker Greenbank Plc

Walker Greenbank Plc (LON:WGB) is a globally renowned luxury interior furnishings company that manufactures, designs and sells fabrics and wallpapers. It is also into a huge variety of additional interior products.

WGB – Trading Updates

On 11th February 2020, the company announced its Full Year trading Update for the financial year ended 31st January 2020.

The group’s sales revenue for the financial year 2020 is anticipated to be nearly £111.0 million, lower by 2.0 per cent as compared to the £113.3 million in the fiscal year 2019, which depicts a tough marketplace, compensated by consistent robust performances from Clarke & Clarke and the Morris & Co. brands, digital fabric printing and core licensing.

In the financial year 2020, the total brand sales, except licensing income, were lower by 2.7 per cent in reportable currency (decreased by 3.0 per cent in constant currency) compared to the financial year 2019. In the United Kingdom, the company’s biggest market, brand sales dropped by 3.0 per cent due to the controlled consumer environment of the country.

As expected, the high-margin licensing business of the company performed well during the financial year 2020 with key licensing income surging to historic levels, up by 13.9 per cent to £3.5 million as compared to £3.1 million for the financial year 2019, in a sign of robust performance from blinds, bedding and Japanese licensees.

The reported licence income is likely to be around £5.5 million in the financial year 2020 as compared with £6.5 million in the fiscal year 2019.

The third-party production sales revenue was higher by 5.5 per cent at £21.1 million in the financial year 2020 as compared to the £20.0 million in the fiscal year 2019. The Digital fabric printing surged by 12.3 per cent, which showed demand from both and Walker Greenbank’s own brands and third-party customers.

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WGB - Stock Price Performance

On 12th February 2020, at around 08:25 AM (GMT), the stock of Walker Greenbank Plc was trading at a price of GBX 77.50 per share on the London Stock Exchange, unchanged as of the closing price of the stock on the previous trading day.

At the time of writing, the market capitalisation of Walker Greenbank Plc was £55.01 million with regards to the current market price of the stock. The free float and outstanding shares of Walker Greenbank Plc were reported at 55.59 million and 70.98 million, respectively.

The share price of Walker Greenbank Plc recorded at GBX 91.75 as on 08th January 2020 was its 1-year peak price, whereas the share price recorded at GBX 55.0 as on 12th April 2019 was the 1-year low share price.

The beta of the stock has been reported at a value of 0.46, representing the fact that the movement of the share price of the company, is low in volatility as compared with the movement in the comparative benchmark index.


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