Focus On Three Small-Cap Stocks  – Itaconix Plc, EQTEC Plc And Flowtech Fluidpower Plc

  • Oct 23, 2019 BST
  • Team Kalkine
Focus On Three Small-Cap Stocks  – Itaconix Plc, EQTEC Plc And Flowtech Fluidpower Plc
Itaconix Plc

Itaconix Plc (ITX), is a speciality chemicals company based in the United Kingdom, that is engaged in the designing and manufacturing sustainable ingredients that are important resources in the Personal care and Homecare industries. The company’s biggest products include RevCare (Skincare), RevCoat (Adhesion), RevCap (Encapsulation Platform) and Nicotine Gum. As a growing company, Itaconix recognises the challenges to access these markets and so the company is building effective partnerships with some of the world’s leading brands like Akzo Nobel, Croda and Solvay so that they can improve the absorption rates of their products in the market exponentially. Itaconix’s products are developed out of growing customer anticipations regulation changes and better environmental practices that replace old ingredients with newer and more sustainable products. The company’s products are targeted to places with overall revenues of more than $1.4 billion.

ITX Trading Update

On 18th October 2019, the company reported an update on trading for the year ending 31 December 2019 through a press release. The company reported that the revenues for the first nine months of the year ended 30th September 2019 were at £0.7 million which resulted into a 78 per cent year on year growth in comparison with the revenues for the same period in the previous year and equalling the entire previous year’s revenues at £0.7 million. This increase represented the value of the company's products in majorly three product segments which are detergents, personal care, and odour control.  The company anticipates that the H2 2019 revenues will exceed the revenues earned in H1 2019. Albeit, due to delays in some client projects, the company has downgraded the guidance on the full-year revenues and anticipates them to be under the current expectations, but in any way will display a major rise in comparison with the 2018 revenues. The company has a robust active customer project in its pipeline and is on the path to accelerate on important revenue-generating avenues, especially in the segments like detergent and water treatment.

ITX Share Price Performance

On 23rd October 2019, at 01:54 PM GMT, while writing, Itaconix Plc’s stock traded at GBX 1.51 per share, a decrease of 2.58 per cent or GBX 0.04 per share in comparison with the previous day’s closing price which was reported at GBX 1.55 per share. While writing, the company’s stock traded 37.27 per cent above its 52-week low price of GBX 1.10 per share, set on August 15, 2019. The company’s Market Capitalisation has been reported at around GBP 4.17 million.

By the time of writing, 351,810 stocks of the company had been traded for the day. The average volume of trading per day for last one year has been 2.35 million. The stock has lost 26.34 per cent in the last one year from the price of GBX 2.09 per share.

The Beta of the stock has been reported to be at -0.8260, from which it can be inferred that the stock’s price movement is inversely correlated with the movement of the comparative benchmark index.

EQTEC Plc

EQTEC Plc (EQT), previously called REACT Energy Plc, is a renewable energy company that is engaged in the business of generating electricity from Bio-waste. The company has operations in UK and all across Europe. EQTEC has an EQTEC Gasifier Technology (EGT) which enables them to easily convert Bio-Waste into clean synthetic gas, which is further fed into gas engine to generate high levels of thermal energy, which is then converted into electricity. The company has 5 operational projects, which are: Movialsa in Spain, Karlovo Biomass in Bulgaria, Syngas in Italy, San Esco - Belice in Croatia and Polygen in Poland. The company also leverages its capability in other technologies such as the EQTEC Kinetic Model which is a simulation tool used to predict the thermochemical processes that take place in the gasification plant and the EQTEC Monitoring platform, which is a tool used as a monitoring and control system for energy production plants with EGT.

EQTEC- Financial Performance

The company announced its interim results for the half-year ended 30th June 2019 on 25th September 2019 in which it reported the revenues of €1.56 million. This was an increase of approximately 185.7 per cent year on year from the revenue reported in H1 2018 at €546,288. The company reported a total loss for the period at €1.96 million in the first half of 2019, as compared to the H1 2018 loss at €1.87 million. In the month of June 2019, the company also announced a debt restructuring and placing, as there was a reduction of around 60 per cent of the group’s debt obligations because of a debt for equity swap £2.7 million of the debt. The company also announced that it raised around £0.75 million from new and existing shareholders. As on 30th June 2019, the Net current assets were at €0.53 million, and the net assets were at €15.80 million. The company’s focus is on development of project pipeline, and on increasing sales as well as on establishing new funding structures for project finance and other development activities.

EQT Share Price Performance

On 23rd October 2019, at 02:00 PM GMT, while writing, EQTEC Plc’s stock traded at GBX 0.1275 per share, a decrease of 5.56 per cent or GBX 0.008 per share in comparison with the previous day’s closing price which was reported at GBX 0.14 per share. The company’s stock hit a new 52-week low during day’s trading session when it reached GBX 0.1275 per share. The company’s 52-week high price is of GBX 1.84 per share, which it hit on January 15, 2019. The company’s Market Capitalisation is GBP 4.17 million.

By the time of writing, 8.93 million stocks of the company had been traded for the day. The average volume of trading per day for last one year has been 9.07 million. The stock has lost 30.77 per cent in the last one year from the price of GBX 1.0210 per share.

The Beta of the stock has been reported to be at 1.7638, from which it can be inferred that the stock’s price movement, is more volatile as compared to the movement of the comparative benchmark index.

Flowtech Fluidpower Plc

Flowtech Fluidpower Plc (FLO) is a Wilmslow, the United Kingdom based company involved in the distribution of technical fluid powered products. The company has two major business divisions which are components and services. In the component division, the company’s brands through which it operates include Flowtechnology, Indequip, Beaumanor, Derek Lane and Company, Hydravalve, Hydroflex, Nelson and Highpower. These brands are mainly engaged in the business of selling and distributing pneumatic and hydraulic equipment as well as components to various industries. In the services division, the company’s brands include TSL Fluid Power, Orange County, Lubemec, Branch hydraulic Systems and flowconnect, through which the company provides hydraulic equipment that facilitates the storage and movement of fuels, liquid and gasses and other services to various industries.

FLO Trading Performance

On 22nd October 2019, the company announced a trading update for the nine month period ended 30th September 2019. The company reported the total revenue for the group for the nine-months ended 30th September 2019 at an increase of 4.3 per cent year on year at £87.3 million as compared to £83.7 million over the same period in 2018. This was majorly driven by the Components division of the company which showed an increase of 5.8 per cent year on year in revenues, in part offset by the revenue performance of the services segment which declined by 3.8 per cent year on year. The company reported a net debt of £19.1 million as on 30th September 2019. The company also reaffirmed the payment of previously announced half-year dividend of GBX 2.13 per share on 29th October 2019 to those shareholders who were on the register at the close of business on 4th October 2019.

FLO Share Price Performance

On 23rd October 2019, at 02:25 PM GMT, while writing, Flowtech Fluidpower Plc’s stock traded at GBX 112.00 per share, a decrease of 3.45 per cent or GBX 4.00 per share in comparison with the previous day’s closing price which was reported at GBX 116.00 per share. While writing, the company’s stock traded 14.43 per cent above its 52-week low price of GBX 97.88 per share, set on October 03, 2019. The company’s stock hit its 52-week high price of GBX 152.00 per share on May 30, 2019. The company’s Market Capitalisation was around GBP 70.94 million.

By the time of writing, 34,380 stocks of the company had been traded in the day. The average volume of trading per day for last one year has been 35,50. The stock has lost 5.49 per cent in the last one year from the price of GBX 116.20 per share.

The Beta of the stock has been reported to be at -0.3094, from which it can be inferred that the stock’s price movement, is less volatile and inverse as compared to the movement of the comparative benchmark index.

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