Insights On Three FTSE Stocks – KAZ Minerals Plc, Genus Plc and Antofagasta Plc

  • Oct 24, 2019 BST
  • Team Kalkine
Insights On Three FTSE Stocks – KAZ Minerals Plc, Genus Plc and Antofagasta Plc

 KAZ Minerals Plc

KAZ Minerals Plc (KAZ) is a London, the United Kingdom based mining company that is engaged in the exploration and production of Copper and other products based on Copper. The company’s operations are located in Kazakhstan, and its major assets are Bozshakol open-pit mine near Pavlodar area, the Aktogay open-pit mine near the Eastern area of the country, as well as the Bozymchak open pit mine in Kyrgyzstan. Apart from these, the company also has three underground mines in the Aktogay Plant. The Bozshakol mine, which is the company’s flagship asset, and the other site processing facilities have an annual ore capacity of 30 million tonnes across a mine life of 39 years with a copper grade quality of 0.35 per cent. In 2018, this site produced 102 Kilo tonnes of copper with a Site Gross EBITDA of US $520 million. This has also resulted in gold production of 120 Koz. annual output in the first 10 years of operations.

KAZ Financial Performance (Half-yearly results for the period ended 30th June 2019)

On 15th August 2019, the company announced its half-yearly results for the period ended 30th June 2019. The company reported revenues of US $1.052 billion in H1 2019, as compared to US $1.098 billion reported in H1 2018. EBITDA was reported at US $620 million, a year on year decline, as compared to EBITDA in H1 2018 at US $690 million. The company also reported a reduced operating profit of US $410 million during the reporting period, as compared to the operating profit in H1 2018 at US $464 million.

KAZ Production Report

On 24th October 2019, the company announced a production report for the nine months as well as the third quarter ended 30th September 2019. The company reported record production of copper in a quarter at 82.9 kilo tonnes, a 6.82 per cent quarter on quarter increase from the production in Q2 2019 at 77.6 kilo tonnes. The company also reported gold production of 58.5 Koz. during Q3 2019, a significant increase of 32.05 per cent, as compared to the 2nd quarter production at 44.3 Koz. because of a robust performance from Aktogay and Bozshakol mining sites. The company also highlighted that the full-year guidance for copper production will be at 300 Kilo tonnes and Gold production is anticipated to surpass the guidance of 170-185 Koz. by approximately 5 per cent.

Source: Company Website

KAZ Share Performance

On 24th October 2019, at 10:45 AM GMT, while writing, KAZ Minerals Plc’s stock traded at GBX 483.90 per share, an increase of 7.13 per cent or GBX 32.20 per share in comparison with the previous day’s closing price which was reported at GBX 451.70 per share. At the current market price, the company’s stock was trading 28.94 per cent above its 52-week low price of GBX 375.30 per share, which the company’s stock hit on September 03, 2019. The company’s 52-week high price is of GBX 745.45 per share, which it hit on April 12, 2019. The company’s Market Capitalisation was around GBP 2.133 billion.

By the time of writing, 1.41 million stocks of the company had been traded for the day. The average volume of trading per day for last one year has been 1.39 million. The stock has gained 8.25 per cent in the last one year from the price of GBX 447.00 per share.

The Beta of the stock has been reported to be at 2.4552, from which it can be inferred that the stock’s price movement, is over twice as more volatile as compared to the movement of the comparative benchmark index.

 

Genus Plc

Genus Plc (GNS) is an Animal Genetic Improvement (AGI) company based in the United Kingdom producing super breeding livestock through genetic improvement. The company provides genetic resources or develops better pigs and cows for farmers by selecting animals with desirable characteristics that helps them to produce animal protein in the form of meat and milk. These genetics are primarily sold on Multi-year royalty agreements and are priced according to the indices of Generic merit driving the major revenue stream for the company. The company owns and licenses the best genomic and breeding technology in the world. The company is a market leader in the AGI Industry and has the latest DNA Technology and resources available in the market today and already has a first- mover advantage in terms of selective characteristic based breeding of Animals.

GNS Financial Performance (Preliminary results for the year ended 30th June 2019)

On 5th September 2019, the company reported its preliminary results for the year ended 30th June 2019. It was reported that the Adjusted Revenue stood at £488.5 million increasing by 4 per cent in the year 2019 as compared to £470.3 million in the previous year, with strong bovine segment revenue primarily driven by growth in revenue of sexed semen by 40 per cent. Adjusted operating profit, including joint ventures and excluding gene editing improved by 6 per cent at £72.2 million in FY 2019 as compared to £68.1 million FY 2018 driven by robust growth in the ABS. The Adjusted Profit Before Tax (PAT) was at £61.0 million in FY 2019, an increase of 4 per cent year on year from the FY 2018 PBT of £58.5 million fuelled by reflecting significant prior year non-cash deferred tax credits relating to biological asset value arising from the US tax reforms. As an indication of the good performance by the company, the board has recommended a final dividend of GBX 18.8 per share, up 7 per cent year on year. (All comparison rates on AER basis)

GNS Share Performance

On 24th October 2019, at 10:50 AM GMT, while writing, Genus Plc’s stock traded at GBX 2924.00 per share, an increase of 0.14 per cent or GBX 4.00 per share in comparison with the previous day’s closing price which was reported at GBX 2920.00 per share. At the current market price, the company’s stock was trading 5.98 per cent below its 52-week high price of GBX 3110.00 per share, which the company’s stock hit on October 15, 2019. The company’s 52-week low price is of GBX 2090.00 per share, which it hit on November 20, 2018. The company’s Market Capitalisation was around GBP 1.900 billion.

By the time of writing, 4,990 stocks of the company had been traded for the day. The average volume of trading per day for last one year has been 80,370. The stock has gained 35.00 per cent in the last one year from the price of GBX 2166.00 per share.

The Beta of the stock has been reported to be at 0.9353, from which it can be inferred that the stock’s price movement, is less volatile as compared to the movement of the comparative benchmark index.

Antofagasta Plc

Antofagasta Plc (ANTO) is a London, the United Kingdom based mining company that is also engaged in the production of copper and copper-based products as well as providing transport support services such as railways and trucks for the exploration operations. The company’s major operations are located near the Antofagasta area of Chile, except for its flagship asset Los Pelambres which is located near the Coquimbo area which is in Central Chile.

ANTO Production Report

On 23rd October 2019, the company had announced a production update for the third quarter of the year. Group copper production during the third quarter of 2019 was reported to be at 197,000 tonnes, a 0.8 per cent quarter on quarter decline. The copper production of the group for the first nine months of the year (year to date) was 584,200 tonnes, 15.6 per cent year on year growth as compared to the production in the same period the previous year. The company has maintained the guidance for FY 2019 750,000-790,000 tonnes of copper with costs anticipated to be under US $1.25 per pound.

ANTO Share Performance

On 24th October 2019, at 11:00 AM GMT, while writing, Antofagasta Plc’s stock traded at GBX 877.20 per share, an increase of 1.39 per cent or GBX 12.00 per share in comparison with the previous day’s closing price which was reported at GBX 865.20 per share. At the current market price, the company’s stock was trading 14.50 per cent below its 52-week high price of GBX 1026.00 per share, which the company’s stock hit on April 15, 2019. The company’s 52-week low price is of GBX 713.20 per share, which it hit on October 25, 2018. The company’s Market Capitalisation was around GBP 8.529 billion.

By the time of writing, 293,860 stocks of the company had been traded for the day. The average volume of trading per day for last one year has been 1.63 million. The stock has gained 20.63 per cent in the last one year from the price of GBX 727.20 per share.

The Beta of the stock has been reported to be at 1.2978, 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.

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