Four FTSE Earnings Update to Watch For: BLV, CSN, JLH and MOS

March 31, 2020 11:52 PM AEDT | By Hina Chowdhary
 Four FTSE Earnings Update to Watch For: BLV, CSN, JLH and MOS

Belvoir Group Plc

The UK’s prominent residential property franchise group, Belvoir Group Plc (LON:BLV) supports a network of 396 individual businesses in five different brands, specialising in property sales, residential lettings and financial services related to property. The company has two divisions, i.e. a network of financial advisers and a network of property franchisees, which together helps the costumers.

BLV – Financial Highlights

On 30th March 2020, the company announced a statement of audited final results for the year ended 31st December 2019.

In the year 2019, group revenue improved by 43 per cent to £19.3 million as compared to £13.4 million in the year 2018. This revenue includes £4.1 million from the acquisition of MAB Glos in the year 2018, while £1.1 million came from the extension of financial adviser network, whereas £0.6 million with regards to the constant growth of property franchise segment.

Gross profit increased by 17 per cent to £13.2 million in FY2019 (FY2018: £11.3 million). The gross profit ratio stood at 61 per cent in letting activity, 16 per cent in sales activity as compared to 67 per cent and 17 per cent respectively in 2028. Reflecting the improved importance of financial services, the gross profit ratio of the company increased to 19 per cent from 10 per cent in the previous year.

Profit attributable to owners increased to £4.7 million in FY2019 (2018: £4.5 million), the 2018 profit included the exceptional net credit of £0.6 million.

BLV – Share Price Performance

At the time of writing this report, on 31st March 2020, at about 10:36 AM (GMT), Belvoir Group Plc’s stock was trading on the London Stock Exchange at a price of GBX 96.15 per share, an increase in the value of around GBX 1.65 or 1.74 per cent, as compared to previous day closing price, which has been reported to be at GBX 94.50 per share.

As on 31st March 2020, the market capitalisation of the company was reported at GBP 33.17 million, and the annual dividend yield was reported at 7.62 per cent.

The beta of the stock has been pegged at 1.12, which indicates that the movement in share price is more volatile as against the movement in the comparative benchmark index.

Chesnara Plc

Chesnara Plc (LON:CSN) is involved in the management of Life and Pension policies in Sweden, the United Kingdom and the Netherlands. The company manages around 1.1 million pensions and life policies. It manages £7.2 billion of funds which includes £2.4 billion in the United Kingdom, £2.0 billion in the Netherlands and £2.8 billion in Sweden.

CSN - Trading Updates

On 30th March 2020, the company announced its trading updates.

As of 20th March 2020, the company’s estimated solvency cover ratio was of 164 per cent as compared to 155 per cent as of 31st December 2019, after the payment of £20.8 million or 13.87 pence per share which was 3 per cent higher than 2018 final dividend. This dividend will be awarded on 2nd June 2020 to investors present on the register on 24th April 2020.

As per the company information, the corresponding value of surplus above the company’s solvency capital requirement is expected to be at around £193.0 million (31st December 2019: £210.8 million), and the estimated cash balance of Chesnara parent company is around £73.5 million as of 20th March 2020.

CSN – Share Price Performance

At the time of writing this report, on 31th March 2020, at about 10:59 AM (GMT), Chesnara Plc’s stock was trading on the London Stock Exchange at a price of GBX 290.01 per share, an increase in the value of around GBX 0.509 or 0.18 per cent, as compared to previous day closing price, which has been reported to be at GBX 289.50 per share. As on 31st March 2020, the market capitalisation of the company was reported at GBP 434.43 million.

The beta of the stock has been pegged at 0.26, which indicates that the share price movement is less volatile in respect to the comparative benchmark index.

John Lewis of Hungerford Plc

A specialist manufacturer and retailer of bedrooms, kitchen and freestanding furniture, John Lewis of Hungerford Plc (LON:JLH), designs, install, retails and manufactures kitchen, walk-in pantry, boot room, utility, laundry room, dining areas, bedroom, walk-in wardrobe, home office, living areas and hallways.

JLH – Financial highlights

On 30th March 2020, the company announced half-year report for the period ended 31st December 2019.

Sales of the company decreased to £3,345k in the six months to 31st December 2019 as compared to £3,666k in the same period to 31st December 2018. The loss before tax increased to £398k as compared to the loss before tax of £327k in the six months to 31st December 2018.

After implementing IFRS 16, Finance expense increased by £6,228, Depreciation expense increased by £160,713 and reserves brought forward dropped by £243,670.

JLH – Share Price Performance

At the time of writing this report, on 31st March 2020, at about 10:24 PM (GMT), John Lewis of Hungerford Plc’s stock was trading on the London Stock Exchange at a price of GBX 0.43 per share, an increase in the value of around GBX 0.03 or 7.50 per cent, as compared to previous day closing price, which has been reported to be at GBX 0.40 per share.

As on 31st March 2020, the market capitalisation of the company was reported at GBP 746.98k. The beta of the stock has been reported at 0.53, which indicates that the share price movement is less volatile as against the movement in the comparative benchmark index.

Mobile Streams Plc

Mobile Streams Plc (LON:MOS) provides mobile content to users directly via a cross-platform app and games store i.e. www.mobilegaming.com. It has its global presence through its subsidiaries in Latin America, Europe, North America, and the Asia Pacific.

MOS – Financial Highlights

On 30th March 2020, the company released its interim results for the six months to 31st December 2019.

Group revenue decreased by 56 per cent to £1.33 million for six months ended 30th June 2019 versus 3.05 million in the same period of the prior year. Gross profit also decreased by 57 per cent to £0.5 million (2018: £1.2 million).

Around 30.9 per cent of Revenues was contributed from Indian operations. However, Indian revenues have been dropping because of low marketing campaigns. Operations in Argentina region were tremendously challenging during the reported period due to regulation in the local market and general market circumstances for mobile content subscriptions. Revenues in Argentina dropped by 20.7 per cent in Argentine Pesos from AR$58.4 million to AR$46.0 million. Due to devaluation in peso of 30.7 per cent in the year 2019, the sales dropped to 62 per cent after converting it to sterling from £2.3 million to £0.9 million, equating to 65 per cent of Group revenues.

The gross profit margin reduced from 38.7 per cent to 36.6 per cent due to increased expense of marketing (Direct to Consumer) with regards to Mobile Internet. The cash decreased to £0.118 million as at 30th June 2019, as compared to £1.039 million as at 30th June 2018.

MOS – Share Price Performance

At the time of writing this report, on 31st March 2020, at about 10:57 AM (GMT), Mobile Streams Plc’s stock was trading on the London Stock Exchange at a price of GBX 0.122 per share, a decline in the value of around GBX 0.018 or 12.71 per cent, as compared to previous day closing price, which has been reported to be at GBX 0.14 per share.

As on 31st March 2020, the market capitalisation of the company reported at GBP 684.50k. The beta of the stock has been pegged at 4.89, which indicates that the share price movement is high in volatility in respect to the movement in the comparative benchmark index.


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