Interesting Insights From Three FTSE 350 Stocks – Prudential Plc, Rolls-Royce Holdings Plc and Virgin Money UK Plc

Interesting Insights From Three FTSE 350 Stocks – Prudential Plc, Rolls-Royce Holdings Plc and Virgin Money UK Plc

Prudential Plc

Prudential Plc (LON: PRU) is a London, the United Kingdom based financial services company, that mainly engages in the business of Life Insurance and related products. The company is also into the provision of various other financial services such as asset management and other finance-related products and solutions alongside its core business activity of life insurance. The company believes that its customers are the most important aspect of the business and their business strategy revolves around this thought. The company consistently develops their product portfolio, designing it around its customers’ needs and providing them with comfort around the fact whether that be in relation to savings for retirement or insuring against any kind of uncertainty around illness, death or critical life events. The company’s four core businesses are Prudential Corporation Asia, which look after the health protection and savings management in the Asian region. Jackson, which is the Retirement management group division of the company. Eastspring, which operates as an asset manager, handling various portfolios across the world and Prudential Africa, which not only looks to provide insurance and de-risking services in various African countries, but also provide people solutions to manage and grow wealth. The company also has an auxiliary division called the Environmental, Social and Governance (ESG) group which focuses on the company’s activities that contribute to the health and sustainability of the communities in which the company has a presence and influence.

PRU Financial Performance

On 14th August 2019, the company made a press release, regarding the announcement of its half-yearly results for the six months ended 30th June 2019. The company primarily highlighted a 21 per cent year on year growth on the Actual Exchange Rates (AER) basis in the Operating profit from continuing operations which was reported at £2.024 billion in H1 2019, as compared to £1.669 billion in H1 2018. This was majorly driven by the company’s business in the Asian region, which delivered growth in double digits terms of Operating profit. The company also reported that the Profit after tax for the period from continuing operations was at £895 million, a significant decline of 34 per cent year on year on the Constant Exchange Rates (CER) basis and around 30 per cent year on year on an Actual Exchange Rate basis, displaying some downward fluctuations in the short term.

PRU Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 28-November-19, prior to the close of the market

On 28th November 2019, at 11:00 A.M GMT, while writing, Prudential Plc’s share price was reported to be at GBX 1381.80 per share, a decline of 0.23 per cent or GBX 3.20 per share, as compared to the previous day’s closing price, which was reported to be at GBX 1385.00 per share. At the time of reporting, the Prudential Plc share was reported to be trading 24.52 per cent above the 52-week low share price, which was at GBX 1109.67 per share, that the company’s shares reached on August 28, 2019. The company’s market capitalisation (M-Cap) was reportedly valued to be at GBP 36.008 billion with respect to the share’s current market price.

The beta of the Prudential Plc’s share has been reported to be at 1.21. This basically implies that the volatility in the price of the company’s stock, is more than the volatility in the movement of the comparative benchmark index.

Rolls-Royce Holdings Plc

Rolls-Royce Holdings Plc (LON: RR.) is the United Kingdom based leading industrial technology and engineering organisation that provides power and momentum-based product and services, basically to the Civil Aerospace and defence spaces. The organisation's efficient aviation segment works as a motor producer for huge air crafts, territorial planes and different other things in the business aeronautics markets. In the Defence segment, the organisation is a pioneer in the production of military air motor products just as oceanic frameworks in the maritime space.

Trading Update

On 7th November 2019, the company made a press release to announce a trading update for the period post the half-year results, as well as update around Trent 1000. The company highlighted that the performance for the period indicates that the full-year operating profit and Free Cash Flow is anticipated to be on the lower end of the previous estimates announced by the company. The company also reported that because of the reduced cost of the inventory, as well as a consistent approach to capital distribution, the Free Cash Flow would reach at least £1 billion in the year 2020. The company also highlighted that they resolved all the Trent 1000 issues, barring the exception of one design change, that is yet to be made.

Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 28-November-19, prior to the close of the market

On 28th November 2019, at 11:10 A.M GMT, while writing, Rolls-Royce Holdings Plc’s share price was reported to be at GBX 714.40 per share, a decline of 0.20 per cent or GBX 1.4 per share, as compared to the previous day’s closing price, which was reported to be at GBX 715.80 per share. At the time of reporting, the Rolls-Royce Holdings Plc share was reported to be trading 3.87 per cent above the 52-week low share price, which was at GBX 687.80 per share, that the company’s shares reached on November 01, 2019. The company’s market capitalisation (M-Cap) was reportedly valued to be at GBP 13.822 billion with respect to the share’s current market price.

The beta of the Rolls-Royce Holdings Plc’s share has been reported to be at 1.10. This basically implies that the volatility in the price of the company’s stock, is slightly more than the volatility in the movement of the comparative benchmark index.

Virgin Money UK Plc

Virgin Money UK Plc (LON: VMUK), formerly called as CYBG Plc, is a Glasgow, the United Kingdom based financial services company that indulges in the business of providing solutions in the space of financial services as well as banking. The company provides Personal Banking, Business Banking, as well as Mortgage services through its different brands which are Clydesdale Bank - majorly involved in investing in both communities and industries for their development. Yorkshire Bank, which has a robust hold on all the business banking operations of the company. B, which is the online and digital banking platform service of the company  and is also one of the fastest-growing service of the company, and Virgin Money, which deals in a host of services like Savings, Business Accounts, Mortgages, Investments, Insurance, Credit Cards, Current Account, Travel Money and last but not the least, Pension and Retirement management.

VMUK Financial Performance

On 28th November 2019, the company announced its final results for the year ended 30th September 2019, through a press release. The company’s prominent point within the results was the excellent performance of the company despite extremely difficult geopolitical conditions and uncertainties, especially from its personal banking segments in the United Kingdom. The company reported a Net Interest Margin of around 1.66 per cent, flat to the anticipations that had been made by the company previously. The company reported an underlying profit before tax of £539 million during the period, a decline compared to the Underlying profit before tax in 2018 at £581 million. The underlying Return on Tangible Equity (RoTE) was reported at 10.8 per cent in 2019, as compared to 11 per cent in the last year. In terms of its guidance for the financial performance in FY 20, the company expects the net interest margin in the range between 160-165 basis points.

VMUK Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 28-November-19, prior to the close of the market

On 28th November 2019, at 11:20 A.M GMT, while writing, Virgin Money UK Plc’s share price was reported to be at GBX 180.15 per share, an increase of 25.98 per cent or GBX 37.15 per share, as compared to the previous day’s closing price, which was reported to be at GBX 143.00 per share. At the time of reporting, the Virgin Money UK Plc share was reported to be trading 76.19 per cent above the 52-week low share price, which was at GBX 102.25 per share, that the company’s shares reached on October 08, 2019. The company’s market capitalisation (M-Cap) was reportedly valued to be at GBP 2.049 billion with respect to the share’s current market price.

The beta of the Virgin Money UK Plc’s share has been reported to be at 1.05. This basically implies that the volatility in the price of the company’s stock, is more than the volatility in the movement of the comparative benchmark index

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