Four FTSE 250 Stocks in Focus: ESNT, BVIC, SCT and WKP

  • Nov 28, 2019 GMT
  • Team Kalkine
Four FTSE 250 Stocks in Focus: ESNT, BVIC, SCT and WKP

 Essentra Plc

Essentra Plc (LON: ESNT) is the UK based global manufacturers and distribution company of essential components and solutions. The global divisions of the company are Components, Packaging and Filters. The company serves many industries such as Beauty, Consumer goods, Healthcare, Industrial, Point of purchase, Tabacco, Transport & Logistic and Vehicles. It is currently working in 33 countries with around 50 world-class manufacturing facilities and nearly 30 sales & distribution operations and four research & development centres.

News Updates

On 27th November 2019, the company announced the joint venture agreement with Chinese company, “China Tobacco Essentra (Xiamen) Filters Co. Ltd”. The joint venture shareholders include Essentra Pte Ltd, which will own 49% shareholding, China Tobacco Fujian Industrial Co. Ltd which will own 21% shareholding, Shanghai Haiyan Investment Management Co. Ltd which will own 10% shareholding, China Tobacco Hunan Investment Management Co. Ltd which will own 10% shareholding and China Tobacco Guangxi Tiancheng Management Co. Ltd which will own 10% shareholding.

Trading Updates

As per 25th October 2019 updates, the like-for-like (LFL) revenue declined to 2.9% in Q3 2019. The company also highlighted that, on 9th September 2019, it acquired 100% of the share capital of Nekicesa Packaging S.L. from GED Iberian B and EBN Vaccaria on a cash-free and debt-free basis.

Financial Highlights

On 2nd November 2019, the company announced its interim results for the half-year ended 30th June 2019. The company’s revenue stood at £506.6 million in H1 FY2019 as compared to £513.1 million in H1 FY2018, a decrease of 1% (Actual Basis)The adjusted operating profit stood at £48 million in H1 FY2019 as compared to £44 million in H1 FY2018, an increase of 11% (Actual Basis). Additionally, the adjusted basic earnings per share stood at 12.0p in H1 FY2019 as compared to 11.0p in H1 FY2018, an increase of 9% (Actual Basis).

The net debt also increased by 1 per cent in H1 FY2019 as compared to H1 FY2018.

(Source: LSE)

Stock Price Performance

On 28th November 2019, at 13:50 GMT, while writing, ESNT stock price was reported to be at GBX 432.60 per share; which was higher by 2.41 per cent in comparison to the last traded price of the previous day. The company’s market capitalisation (M-Cap) was reportedly valued to be at GBP 1.11 billion at the time of writing.

The Beta was 1.58 at the time of writing which shows the volatility is high as compared with the index taken as the benchmark.

Outlook

As per the company statement, with further financial, operational and portfolio progress expected in H2, the FY 2019 outlook remains unchanged though the macro-environment remains uncertain, which impacts the component division.

 

Britvic PLC

Britvic Plc (LON: BVIC) is the UK based leading soft drinks company which operates in four countries, i.e. Great Britain, Ireland, France and Brazil. It also exports its product to more than 50 countries. The company’s portfolio includes its leading brands such as Robinsons, J2O, Maguary, MiWadi, Tango, Ballygowan, Fruite, Teisseire, drench and DaFruta. In Great Britain and Ireland, the company is producing and selling several PepsiCo’s soft drinks brands such as Pepsi, 7UP, SoBe, Lipton Tea and Mountain Dew. It is also expanding the business into other territories, particularly the USA.

News Updates

On 12th November 2019, the company announced to enter into discussion to sell its three juice manufacturing facilities in France.

Financial Highlights

On 27th November 2019, the company announced its annual preliminary results for the year ended 29th September 2019. The company’s revenue stood at £1,545 million in FY2019 as compared to £1,503.6 million in FY2018, an increase of 2.74%.  The adjusted EBIT stood at £214.1 million in FY2019 as compared to £206.0 million in FY2018, an increase of 3.9%. Additionally, the adjusted basic earnings per share stood at 59.8p in FY2019 as compared to 56.3p in FY2018, an increase of 6.2%.

(Source: LSE)

Stock Price Performance

On 28th November 2019, at 14:48 GMT, while writing, BVIC stock price was reported to be at GBX 985.50 per share which was higher by 0.05 per cent in comparison to the last traded price of the previous day. The company’s market capitalisation (M-Cap) was reportedly valued to be at GBP 2.62 billion at the time of writing.

The Beta was 0.59 at the time of writing which shows the volatility is low as compared with the index taken as the benchmark.

Outlook

The company’s commercial execution, innovation agenda and revenue management delivered better results in FY2019. The company’s withdrawal from private label juice in France will help it focus on brands, while the withdrawal of Fruit Shoot multipack in the USA will help it focus on single-serve.

 

Softcat Plc

Softcat Plc (LON: SCT) incorporated and domiciled in the UK provides IT infrastructure products and services. The areas of company’s business are software licensing, digital workplace, data centre and networking & security solutions, IT asset management, business intelligence & analytics, cloud and managed services, collaboration, commodity sourcing, print and professional services.

Financial Highlights

On 23rd October 2019, the company announced its annual preliminary results for the year ended 31st July 2019. The company’s revenue stood at £991.8 million in FY2019 as compared to £797.2 million in FY2018, an increase of 24.4%. The gross profit stood at £211.1 million in FY2019 as compared to £175.2 million in FY2018, an increase of 20.5%. The basic earnings per share stood at 34.6p in FY2019 as compared to 27.9p in FY2018, an increase of 24.0%, whereas the diluted basic earnings per share stood at 34.4p in FY2019 as compared to 27.6p in FY2018, an increase of 24.6%.

The final dividend stood at 10.4p in FY2019 as compared to 8.8p in FY2018, an increase of 18.2%.

(Source: LSE)

Stock Price Performance

On 28th November 2019, at 16:33 GMT, while writing, SCT stock price was reported to be at GBX 1,128.67 per share; down by 0.56 per cent in comparison to the last traded price of the previous day. The company’s market capitalisation (M-Cap) was reportedly valued to be at GBP 2.25 billion at the time of writing.

The Beta was 0.71 at the time of writing which shows the volatility is low as compared with the index taken as the benchmark.

Outlook

The company remains in excellent health and strategically well-positioned in FY2019 despite current political and economic uncertainty. The company remain confident in its ability to gain market share and is targeting further growth in the year 2020.

Workspace Group PLC

Workspace Group PLC (LON: WKP) is a Real Estate Investment Trust company. The company leases flexible office space to many customers across London and regularly refurbish & redevelop its properties, and purposefully acquire new assets where the company can earn a profit. The company has provided flexible offices to more than 3,000 new and growing companies in London.

News Updates

On 27th November 2019, the company announced that the issued share capital of the company consists of 180,738,161 shares of £1 each, with voting rights. The company further announced that it does not hold any shares in Treasury.

Financial Highlights

On 13th October 2019, the company announced its interim results for the six months ended 30th September 2019. The company’s Net income stood at £60.1 million in H1 FY2019 as compared to £54.1 million in H1 FY2018, an increase of 11%. However, the profit before tax stood at £99.1 million in FY2019 as compared to £101.6 million in FY2018, a decrease of 3%. The interim dividend per share stood at 11.67p in H1 FY2019 as compared to H1 10.61p in FY2018, an increase of 10%.

The EPRA net asset value per share stood at £11.15 million in H1 FY2019 as compared to £10.86 million in FY2018, an increase of 2.7% whereas CBRE property valuation stood at £2,682 million in H1 FY2019 as compared to £2,604 million in FY2018, an increase of 2.2%.

(Source: LSE)

Stock Price Performance

On 28th November 2019, at 17:10 GMT, while writing, WKP stock price was reported to be at GBX 1,107.00 per share; which was higher by 0.56 per cent in comparison to the last traded price of the previous day. The company’s market capitalisation (M-Cap) was reportedly valued to be at GBP 1.98 billion at the time of writing.

The Beta was 1.03 at the time of writing which shows that, the volatility is almost the same as compared with the index taken as the benchmark.

Outlook

In 2018, the company launched a new centre which let up well with the Frames in Shoreditch location in just a one-year period. The company completed further four projects in the half-year, with another new building in Hackney location which is expected to be launched in the second half-year of the year. It has a strong project activity which will deliver high-quality space across the portfolio and fuel income growth.

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