Key Insights On Four FTSE Stocks: CCT, 88E, AFHP and GAN

Key Insights On Four FTSE Stocks: CCT, 88E, AFHP and GAN
Character Group Plc

Incorporated in 1995, and based in New Malden, United Kingdom, Character Group Plc is a toy manufacturing company which operates in designing, development and distribution of toys, gift items and games globally. Geographically, the company operates in the UK, the European Union and the Far Eastern counties. The company licenses characters from tv, movies and digital cartoon and design their toys and games based on these characters and storylines. The company also sells other products from overseas toy developers in the United Kingdom. The product range includes products for Pre-schoolers, boys and girls till the age of 14 and other activity-based products. The company's brands include the likes of Teletubbies, Scooby-Doo and Minecraft, etc. which makes the products popular among kids.

CCT Trading Update

The company announced a trading update on 13 September 2019 ahead of the presentation of the annual results. The company reported that due to the disappointment of the retail market in Scandinavia to completely absorb the sales void because of the dissolution of Top Toy has resulted in losses being sustained by the company. Another challenge for the company has been the uncertain conditions surrounding Brexit, which has resulted in a weakening of the Pound Sterling, resulting in high expenses incurred given that the company makes most of its purchases from the US Market. The company announced that due to the multitude of these factors, the profit before tax (PBT) for the year-end is likely to be at £11.00 million - £11.50 million, which will be marginally on the lower end of the spectrum of the current expectations of the markets.

CCT Share Price Performance

 

On 13th September 2019, at market close, CCT shares ended at GBX 360.00 per share; plunging by 2.7 per cent or GBX 10.0 as compared to the previous day’s closing price of GBX 370.0 per share. Character Group PLC set a new 52-week low during 13th September’s trading session when it reached GBX 262.00. Over the period, the share price is down 38.33 per cent of the 52-week high price of GBX 600, set on September 19, 2019. The company’s Market Capitalisation is GBP 79.09 million.

Trading volume at the time of writing was 38420. The average trading volume per day for last one year has been of 92,510 shares. The stock has declined 32.00 per cent in the previous year.

The beta of the stock was at 0.2939, reflecting that its movement is less volatile compared to the benchmark market index.

88 Energy Limited

88 energy limited is a Western Australia based, Upstream exploration, drilling and production company in the oil and gas sector which operates the majority of 528,000 contiguous acres Project Icewine for the exploration of oil in the oilfields of North Slope of Alaska. Along with Project Icewine, the company is now also operating projects in Yukon Gold (acquisition) and Western Blocks (drilling manager) in Alaska.

88E Financial Performance (Interim Results half year ended 30 June 2019)

The company reported an income of US$ 2.058 million, which was majorly driven the unwinding of the effect of present value discounting of tax receivable. The income reported was a 272 per cent surge from H1 2018 figure of US$ 552.9 million. The company also reported a loss before Income Tax for the period at US$ 29.325 million. This was a result of a very high impairment expense incurred on both Icewine and Winx exploration wells during the half-year at over US$ 28 million. The company has not declared any dividend for the period.

88E Stock Performance

 

On 13th September 2019, at 08:40 AM GMT, while writing, 88E traded at GBX 0.70 per share; an improvement of 3.70 per cent or GBX 0.025 in comparison with the previous day’s last price at GBX 0.68. Currently, 88 Energy Limited stock is trading 9.38 per cent on top of its 52-week low of GBX 0.64 reached on March 13, 2019. The company’s Market Capitalisation was around GBP 42.74 million.

6.62 million Stocks of the company have been traded at the time of writing. The average trading volume per day for last one year has been around 21.43 million shares. The stock has declined 41.28 per cent in the previous one year from the price of GBX 1.2250.

The beta of the stock was at -1.9620, showing that the share price movement is inversely proportional as compared to the benchmark market index.

AFH Financial Group Plc

Founded in 1990, AFH Financial Group operates as a financial advisor and a wealth planner. As of April 2019, the group had Assets Under Management of £5.4 billion. The company provides Financial Planning-led Wealth Management services to high net-worth individual (HNWI) clients in the UK, as well as Investment Support services to various companies. The company also has an in-house research department and leverage the financial expertise of around 200 Financial Advisors as well as a support team with 450 members. The company’s brands include - AFH Wealth Management, AFH Private Wealth and Eunisure. The company also operates two funds which are MGTS AFH Tactical Core Fund and MGTS St Johns High Income Property fund. The company also offers additional services like pension and retirement planning; tax and inheritance planning; life cover and family protection, and mortgages.

AFHP Latest News

The company on 13 September 2019, has made an announcement regarding completion of two acquisitions with a maximum consideration of £7.2 million. The two deals will reportedly increase the Funds Under Management (FUM) of AFHP by £215 million at £5.6 billion. According to the announcement, the company has completed the acquisition of Mulberry Independent financial advisors Limited for a consideration of £5.3 million, which will bring £170 million of FUM. The company has paid the initial £2.3 million of consideration from their cash reserves, and the remaining will be paid over 26 months. The company has also completed the acquisition of AE Garment Independent Financial Advisors, which will bring an added £45 million in FUM for consideration of £1.9 million, of which £1 million was paid from cash reserves while the rest will be paid over 26 months, subject to the agreed performance criteria.

 

AFHP Stock Performance

 

On 13th September 2019, at 10:15 AM GMT, while writing, AFHP stocks traded at GBX 298.00 per share; an increase of 7.97 per cent or GBX 22 in comparison with the previous day’s closing stock price of GBX 276.00. Currently, AfH Financial Group Plc stock was trading 14.62 per cent above its 52-week low of GBX 260. The company’s Market Capitalisation was around GBP 117.92 million.

100,140 shares of the company have been traded at the time of writing. Average volume traded per day in the stock for the last one year has been 343,860 shares. The stock has declined 25.50 per cent in the previous one year from the price of GBX 396 per share.

The beta of the share was at -0.6537, which means that the stock is inversely proportional as compared to the benchmark index.

 

GAN Plc

Incorporated in 1999 and previously known as GameAccount Network Plc, GAN Plc is a leading provider of online gaming software, gaming platform and online gaming. The company is also involved in content development for games, and it partners with some of the biggest gaming companies in the world such as IGT, Konami, Spin Games, etc. to recreate their content across platforms. The company also provides hard engines for gambling platforms as well as simulation software for casinos. The company's most significant product is the GameStack® which was developed as a best-in-class that can easily integrate with any kind of game across any platform. The company also provides back-end support services for various developers.

GAN Trading Update

On 13th September 2019 the company reported a trading update where the company mentioned that the trading activity has been significantly ahead of the board’s expectations for the eight months ended August 31, 2019. The announcement also mentioned that the company has undertaken a review considering alternative strategic including a formal sale process (FSP) to explore and identify the benefits of the group remaining as an independent organisation. The result of the review of strategic alternatives is that the company is now committed of getting a U.S. listing whenever possible, and the board will provide an update regarding this with the announcement of the company's full year 2019 results.

 

GAN Brief Financial Performance

The company announced its FY results on 29 March 2019 for the year ending 31st December 2018. The company reported an increase of 16 per cent on the net revenues to £10.6 million. The major driving force was the increase in revenues for their RMG segment by £1.2 million, entirely coming from an increase in the revenue share. The company also reported a loss after tax of £6.0 million from £3.5 million in 2017, which reflects the expectation of a successful claim of for Research and Development tax.

GAN Share Price Performance

On 13th September 2019, at 11:15 AM GMT, while writing, GAN shares traded at GBX 91.75 per share; an increase of 26.55 per cent or GBX 19.25 in comparison with the previous day’s closing price at GBX 72.50 per share. This was also a new 52-week high for the stock. The company’s Market Capitalisation was around GBP 61.78 million.

The stock’s trading volume was 1.23 million at the time of writing. Average volume traded per day for the last one year has been of 51,520 shares. The share price has increased by 41.08 per cent in the previous year.

The beta of the share was at 1.3985, indicating that the stock is more volatile in its movement in comparison to the benchmark index.

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