Key Earnings And Trading Updates From FTSE Stocks Amid Coronavirus Lockdown – MNDI, ESYS And 888

  • Mar 24, 2020 GMT
  • Team Kalkine
Key Earnings And Trading Updates From FTSE Stocks Amid Coronavirus Lockdown – MNDI, ESYS And 888

The current financial market scenario in the United Kingdom, as well as the world, is extremely grim as the markets are going through a tremendous tepid situation, which has been primarily caused by the global financial and industrial activity coming to a grinding halt due to the fears of coronavirus pandemic, which has now spread to around 184 countries of the world. The situation for the London Stock Exchange market has been pretty gloomy for the last two weeks, which has led to the Financial Conduct Authority (FCA) to request the companies listed on the London Stock Exchange to delay announcing their financial results by at least a couple of weeks so that there is no further disruption of the trading activities on the exchange. Despite the announcement, the following companies have decided to go ahead and release either a trading update or a small summary of their results for the investors to have a look at, and to update their shareholders on the operational performance of their activities in the current slow economic environment.

Let us have a brief look at these updates and see how the stocks of these companies have responded to such announcements on the London Stock Exchange market.

Mondi Plc

Mondi Plc (LON: MNDI) is a UK based company that is engaged in the business of Paper production and designing, manufacturing and selling of packaging products in around 30 countries across the world.

MNDI Annual Financial Report

On 24th March 2020, the company declared its annual financial report for the period ended 31st December 2019, on the back of its final results presentation on 27th February 2020. It was reported that the group revenue for the period stood at a value of €7.268 billion in FY 2019, a decline of 3 per cent year on year as compared to the group revenue of FY 2018, which stood at €7.481 billion. The underlying EBITDA for the period was reported to be at a decline of 6 per cent year on year at €1.658 billion for the reporting period. The underlying operating profit also declined by approximately 7 per cent year on year and was reported to be at €1.223 billion. The company highlighted that the profit before tax for the period was reported at €1.103 billion, a very modestly decline compared to the profit before tax reported in FY 2018 at €1.105 billion. The basic earnings per share for the period stood at Euro Cents 167.6, which was a 1 per cent year on year decline as compared to the Basic Earnings per share in FY 2018. The total dividend for the period increased by 9 per cent for the reporting period to Euro Cents 83.00 per share for FY 2019.

 

MNDI Stock Price Performance

As on 24th March 2020, at 02:15 P.M Greenwich Mean Time, at the time of writing this report, the Mondi Plc share was hovering at a price of GBX 1194.00 on the London Stock Exchange market, stronger by approximately 0.93 per cent or GBX 11.00, in comparison with the price of the share on the previous trading day, which had been reported to be at GBX 1183.00. As of the time of reporting, the share of Mondi Plc was reported to have been trading 3.24 per cent above the 52-week low share price, that was GBX 1156.50, the company set this price on March 19, 2020. At the time of writing, the share of the company had been trading 35.84 per cent down than the 52-week high price of GBX 1861.00, that the company registered as on July 23, 2019. As of the time of reporting, the market capitalisation of Mondi Plc has been reported to be at a value of GBP 5.80 billion, with respect to the current trading price of the company’s share.

The Mondi Plc share had given a negative return of around 28.59 per cent in value, in the previous one year, since March 24, 2019, when the share was trading at a price of GBX 1672.00 at the time of the close of the market.

The beta of the share of the company was reported to be at 1.07 when this report was being written. This points to the fact that the share price movement of the company’s share is more sensitive, in comparison with the movement in the price of the comparative benchmark index.

Essensys Plc

Essensys Plc (LON: ESYS) is a UK based software and computer services company whose primary business activity is to provide computer solutions using the Software as a Service (SaaS) medium.

ESYS Market and Trading Update

On 24th March 2020, the company provided a trading update, which was unaudited, rather than reporting the interim financial statements on the back of the advisory issued by the FCA. For the six months ended January 2020, the company reported a revenue of £11.40 million in H1 FY 2020, an increase of approximately 19 per cent, as compared to £9.60 million in H1 FY 2019. The Statutory Loss before tax for the reporting period stood at £0.1 million. The Adjusted EBITDA for the period decline by around 10 per cent year on year was reported to be at £1.9 million in H1 FY 2020. The profit before tax for H1 FY 2020 saw a sharp decline of 67 per cent year on year and was reported to be at £0.2 million. The Loss per share for the period was reported at GBX 0.2 per share for H1 FY 2020.

ESYS Stock Price Performance

As on 24th March 2020, at 02:20 P.M Greenwich Mean Time, at the time of writing this report, the Essensys Plc share was hovering at a price of GBX 132.50 on the London Stock Exchange market, stronger by approximately 6.00 per cent or GBX 7.50, in comparison with the price of the share on the previous trading day, which had been reported to be at GBX 125.00. As of the time of reporting, the share of Essensys Plc was reported to have been trading 32.50 per cent above the 52-week low share price, that was GBX 100.00, the company set this price on March 23, 2020. At the time of writing, the share of the company had been trading 47.00 per cent down than the 52-week high price of GBX 250.00, that the company registered as on February 21, 2020. As of the time of reporting, the market capitalisation of Essensys Plc has been reported to be at a value of GBP 60.13 million, with respect to the current trading price of the company’s share.

The Essensys Plc share had given a negative return of around 23.85 per cent in value, in the previous one year, since March 24, 2019, when the share was trading at a price of GBX 174.00 at the time of the close of the market.

888 Holdings Plc

888 Holdings Plc (LON: 888) is a travel and leisure company based out of the country of Gibraltar, which is primarily engaged in the business of providing a solution for online gaming as well as entertainment across the world.

888 Trading Update

In line with the FCA’s request to not publish its final results for a couple of weeks, the company pushed the declaration of its results and instead announced a brief trading update for the current trading. The company highlighted that at the back of a strong ending to 2019, the company has continued building on its foundations and its year to 18th March 2020 performance has been excellent with the average daily revenue up by around 18 per cent in comparison to the same period during the previous year. Additionally, the company also reported that the new customer acquisition across the Group's B2C business from year to 18th March 2020 had been around 20 per cent above year on year with B2C average daily deposits up by more than 32 per cent year on year.

888 Stock Price Performance

As on 24th March 2020, at 02:25 P.M Greenwich Mean Time, at the time of writing this report, the 888 Holdings Plc share was hovering at a price of GBX 106.73 on the London Stock Exchange market, stronger by approximately 27.82 per cent or GBX 23.23, in comparison with the price of the share on the previous trading day, which had been reported to be at GBX 83.50. As of the time of reporting, the share of 888 Holdings Plc was reported to have been trading 56.04 per cent above the 52-week low share price, that was GBX 68.40, the company set this price on March 18, 2020. At the time of writing, the share of the company had been trading 41.77 per cent down than the 52-week high price of GBX 183.30, that the company registered as on November 01, 2019. As of the time of reporting, the market capitalisation of 888 Holdings Plc has been reported to be at a value of GBP 307.57 million, with respect to the current trading price of the company’s share.

The 888 Holdings Plc share had given a negative return of around 33.29 per cent in value, in the previous one year, since March 24, 2019, when the share was trading at a price of GBX 160.00 at the time of the close of the market.

The beta of the share of the company was reported to be at 1.01 when this report was being written. This points to the fact that the share price movement of the company’s share is more sensitive, in comparison with the movement in the price of the comparative benchmark index.

Comparative share price chart of MNDI, ESYS and 888

Source: Thomson Reuters, as on 24-03-2020, before the close of the London Stock Exchange Market

 

   
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