How Are These Three FTSE Stocks Performing? – Edenville Energy Plc, Northbridge Industrial Services Plc And Riverstone Energy Limited

  • Dec 12, 2019 GMT
  • Team Kalkine
How Are These Three FTSE Stocks Performing? – Edenville Energy Plc, Northbridge Industrial Services Plc And Riverstone Energy Limited

Edenville Energy Plc

Edenville Energy Plc (LON: EDL) is a London, United Kingdom based Mining company that is indulged in the extraction, exploration, development as well as commercialisation of Energy commodities, coal as well as Uranium in the continent of Africa. The company’s primary operations are held in the Rukwa Coal to Power Project whose construction has been completed while mining and washing operations are underway. It has been reported that the mine is currently producing up to 4,000 tonnes per month of coal for sale and the organisation is looking to increase the production capability up to 10,000 tonnes per month in the short term. The project is located in the Western Tanzanian region and is the flagship asset of the company.

EDL Financial Performance

On 27th September 2019, the company issued a press release to announce its interim results for the six months ended 30th June 2019 in which it was reported that in April 2019, the company raised around £510,000 through an equity placing, executed for the purpose of increasing coal production. In terms of the financial performance during the period, the company highlighted that the revenue for the period came at £151,140, a significant year on year increase as compared to the revenue reported in the first half of FY 2018 at £59,310. The cost of sales was reported for the period at £476,352 which led to a gross loss for H1 FY 2019 to £325,212. This was a major decline, compared to the gross profit that the company achieved in H1 FY 2018 of £4,647. The group’s operating loss for the reporting period was highlighted to be at £824,401, another significantly worsened metric, as compared to the operating loss in H1 FY 2018 at £545,236. The total comprehensive loss for the period was reported to be at £887,339, as compared to the comprehensive loss for the organisation during the same period in the last year at £387,412. Both basic and Diluted loss per share for the period was reported to be at GBX 0.04 per share, exactly the same as the basic and diluted loss per share in H1 FY 2018.

EDL Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 12-December-19, before the close of the market

As on 12th December 2019, at 10:40 A.M Greenwich Mean Time, at the time of writing this, Edenville Energy Plc’s price of the Share was reported to have been trading at GBX 0.040 per Share on the London Share Exchange, no change in the price of the share, as opposed to the previous day’s closing share price, which was also reported to have been at GBX 0.040 per Share.

The beta of the company’s share has stood at a value of -0.6936. By this, the investors can infer that share price movement of the company, is less volatile and inverse in nature, in comparison with the movement of the comparative market index.

Northbridge Industrial Services Plc

Northbridge Industrial Services Plc (LON: NBI) is a Burton upon Trent, United Kingdom based Industrial Engineering organisation that operates as a lender and seller of specialized industrial equipment based out of the United Kingdom. The company has two business segments; the Crestchic load banks & transformers, and the Tasman oil tools & loadcells which operate out of five international hubs. The Crestchic load banks & transformers segment is engaged in the fabrication, hiring and distribution of load banks and transformers and operates under entity name Crestchic Load banks Crestchic (Asia-Pacific) Pty Limited. Its Tasman oil tools & loadcells business segment is engaged in the hiring and distribution of oil tools and loadcells. Other than United Kingdom, the company has operations in China, North Africa, continental Europe and North America. The company provides its services in various sectors namely; healthcare, oil & gas, banking, power & utilities, marine engineering, air transport, military as well as public utilities. The company’s primary business strategy is to accumulate and build value from its specialist industrial engineering business by investing in bigger and better performing fleets and leveraging various strategic partnerships globally for the purpose of creating a broader presence in the geographical sense.

NBI Financial Performance

On 26th September 2019, by issuing a press release, the organisation announced its interim results for the six months period ended on 30th June 2019. The company’s primary highlighting point was the increase in the group revenue by 33 per cent year on year from £12.6 million in H1 FY 2018 to £16.8 million in H1 FY 2019. This increase was primarily driven by the rental of company’s hire fleet and also from the sale of manufactured equipment. It was also reported that the rental revenue made up for around 62 per cent of the total revenue during the reporting period, as opposed to around 67 per cent during the same period in the previous year. There was also a massive increase reported in the gross profit during the period of around 50 per cent year on year from £5.0 million in the first half of 2018 to £7.5 million in H1 FY 2019. The company also highlighted that the Earnings before Interest taxes, Depreciation and Amortization (EBITDA) displayed a significant growth of 90 per cent year on year from £1.8 million in H1 FY 2018 to £3.4 million in H1 FY 2019. This period was also the first time since the year 2014 that the company had reported a Profit before Tax instead of a Loss before tax. In a major turn of events, the profit before tax for H1 FY 2019 was reported to be at £22,000, as against a loss before tax of £1.509 million in H1 FY 2018. The company reported that the cash generation from operations during the period stood at £2.78 million, in comparison with the £1.9 million reported in H1 FY 2018.

NBI Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 12-December-19, before the close of the market

As on 12th December 2019, at 10:45 A.M Greenwich Mean Time, at the time of writing this, Northbridge Industrial Services Plc’s price of the Share was reported to have been trading at GBX 121.00 per Share on the London Share Exchange, an increase in the value of 0.83 per cent or GBX 1.00 per Share, as opposed to the last day’s closing share price, which was reported to have been at GBX 120.00 per Share.

The beta of the company’s share has stood at a value of 0.0477. By this, the investors can infer that share price movement of the company, is less volatile, in comparison with the movement of the comparative market index.

Riverstone energy Limited

Riverstone Energy Limited (LON: RSE) is a St Peter Port, Guernsey headquartered closed ended investment trust, whose primary investment policy is the ensure the growth in the value of shareholders by generating ample returns by exclusively investing in the energy industry across the world. Till date, the company has made around 19 investments ranging from Oil and gas companies as well as some midstream and energy services company across United States of America, Canada, Gulf of Mexico as well as some parts of Southern America and Europe. The company’s investment portfolio currently includes the likes of Aleph Midstream, CNOR L.P., Castex Energy, ILX Holdings, and Riverstone Credit Opportunities, with some of the realised investments including CanEra resources, Eagle Energy Exploration, Rock Oil Holdings, as well as Sierra Oil and Gas.

RSE Interim Management Statement

On 30th October 2019, the company made a press release regarding the interim management statement for the period between 1st July 2019 to 30th September 2019. The Net Asset Value (NAV) as on 30th September 2019 was reported to be at US $782 million or £636 million. NAV per share as on the same day was reported at US $9.79 or £7.97. The company reportedly incurred a loss of US $275.8 million during the period. The company also highlighted that the basic loss per share during the period was reported to be at US Cents 345.21 per share.

RSE Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 12-December-19, before the close of the market

As on 12th December 2019, at 10:50 A.M Greenwich Mean Time, at the time of writing this, Riverstone Energy Limited’s price of the Share was reported to have been trading at GBX 405.7599 per Share on the London Share Exchange, a decline in the value of 1.63 per cent or GBX 6.7401 per Share, as opposed to the last day’s closing share price, which was reported to have been at GBX 412.50 per Share.

The beta of the company’s share has stood at a value of 0.5723. By this, the investors can infer that share price movement of the company, is less volatile, in comparison with the movement of the comparative market index.

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