Latest Updates On Four FTSE Stocks – RGL, AVST, ITX and ESL

  • Oct 18, 2019 BST
  • Team Kalkine
Latest Updates On Four FTSE Stocks – RGL, AVST, ITX and ESL

Regional REIT Ltd

Incorporated in 2015, Regional REIT Ltd (RGL) is a Guernsey-based Real Estate Investment Trust (REIT) engaged in the investing, developing and active management of Industrial, Commercial, Retail and Residential Projects. The company’s range of commercial and industrial development is located in the UK which includes the likes of commercial office spaces and industrial spaces developed in the local business centres in the country, just outside of the M25 Motorway. Company operates with a unique acquisition strategy by buying secondary property assets and then improving the value of the potential income-generating investments, and then disposal after maximising the income generating potential of the asset.

RGL Financial Performance (Interim results for six months ended 30 June 2019)

The company reported a total shareholder return post IPO at 40.8 per cent. The annualised returns for shareholders stood at 9.8 per cent. There was an increase of 17 per cent in the operating profit at £20.6 million in H1 2019 from £17.6 million in H1 2018. The company reported an increase of EPRA earnings by 1.6 per cent at £14.2 million in H1 2019 from £14.0 million in H1 2018. The Cash balance as on 30th June 2019 stood at £53.8 million following a £39.9 million zero dividend preference shares repayment in January 2019. This consistent performance of the company also reflected in the Dividend declared by the board which was an increase of 2.7 per cent from GBX 3.7 per share in H1 2018 to GBX 3.8 per share in H1 2019. The company has set a progressive dividend target of GBX 8.1 per share by FY 19.

RGL Share Performance

On 18th October 2019, at 10:11 A.M., while writing, Regional REIT Limited’s current market price was at GBX 105.18 per share, an increase of 0.17 per cent or GBX 0.180 per share as compared to the previous day’s reported closing price at GBX 105.00 per share. At the current market price, the company’s shares were trading 5.16 per cent below the 52-week high price of GBX 110.91 per share, which was set on May 15, 2019. The company’s market capitalisation (M-Cap) was currently reported at £453.08 million.

The company’s stock has gained 4.97 per cent in the last one year, from the price of GBX 100.20 per share. The Beta of the stock has been reported to be at 0.0402, which implies that the movement in the stock price is significantly less volatile as compared to the movement of the comparative benchmark index.

Avast Plc

Avast Plc (AVST) is a London, the United Kingdom based technology company that is engaged in the provision of cyber-security solutions and other security software. The company has two product divisions, one for small and medium business purposes and the other for home use. With regard to the businesses segment, the Avast’s offerings include products like Antivirus solutions, Security Management Platforms, and other different variety of business offerings such as the end to end protection services, Security Management Platform solutions and other different network security solutions, etc. For the home purpose, the company’s products provide security as well as privacy solutions across all software mediums like PC, MAC, Android and also for Internet of Things (IoT). 

AVST Trading Update

On 18th October 2019, Avast Plc announced a trading update for the third quarter ended 30th September 2019. The company reported a 5 per cent year on year growth in the adjusted revenue at US $220.3 million in Q3 2019. For the third quarter, the company highlighted that the Adjusted EBITDA was up by 8.7 per cent to US $121.9 million and the YTD Adjusted EBITDA was up by 6.6 per cent to US $358.5 million. In line with this performance, the group has maintained its FY 2019 outlook that the adjusted revenue for the year will see a high single-digit year on year growth.

AVST Share Performance

On 18th October 2019, at 10:15 A.M., while writing, Avast Plc’s stock’s current market price was at GBX 391.60 per share, an increase of 6.01 per cent or GBX 22.20 per share as compared to the previous day’s reported closing price at GBX 369.40 per share. The company’s market capitalisation (M-Cap) was currently reported at £3.632 billion.

The company’s stock has gained 37.40 per cent in the last one year, from the price of GBX 285.00 per share. 

Itaconix Plc

Itaconix Plc (ITX), formerly known as Revolymer Plc, is a special chemicals company based in the United Kingdom, that is engaged in the designing and manufacturing sustainable ingredients that are important resources in the Personal care and Homecare industries. The company’s biggest products include RevCare (Skincare), RevCoat (Adhesion), RevCap (Encapsulation Platform) and Nicotine Gum. As a growing company, Itaconix recognises the challenges to access these markets and so, the company is building effective partnerships with some of the world’s leading brands like Akzo Nobel, Croda and Solvay so that they can improve the absorption rates of their products in the market exponentially. The company’s products are basically driven out of increasing consumer expectations, regulatory changes and environmental best practices which replace traditional ingredients with sustainable alternatives. 

ITX Trading Update

On 18th October 2019, the company announced a trading update for the year ending 31st December 2019. The company highlighted that the revenue for the first nine months of the year was at £700,000, which is an increase of 78 per cent year on year and equivalent to revenue of the full previous year. The board also reported that their expectations are that the H2 2019 revenue will exceed the H1 2019 revenue. The board also anticipates that the cash balance as of the end of the year would be in line with expectations because of a major enhancement in the usage of the working capital.

ITX Share Performance

On 18th October 2019, at 10:19 A.M., while writing, Itaconix Plc’s current market price was at GBX 1.54 per share, a decrease of 13.18 per cent or GBX 0.234 per share as compared to the previous day’s reported closing price at GBX 1.77 per share. At the current market price, the company’s shares were trading 40.09 per cent above the 52-week low price of GBX 1.10 per share, which was set on August 15, 2019. The company’s market capitalisation (M-Cap) was currently reported at £4.78 million.

The company’s stock has lost 29.95 per cent in the last one year, from the price of GBX 2.20 per share. The Beta of the stock has been reported to be at -0.8837, which implies that the movement in the stock price is inversely correlated to the movement of the comparative benchmark index. 

Eddie Stobart Logistics Plc

Eddie Stobart Logistics (ESL), previously known as Greenwhitestar UK Plc, is a Warrington, the United Kingdom based company that is engaged in providing logistics and end to end supply chain solutions in the United Kingdom and across Europe. The company’s primary serving base is the Manufacturing, Industrial & Bulk (MIB) customers. The business of the company is also focused on E-commerce, retail and consumer sectors. The company maintains current operations by leveraging its assets of approximately 2700 vehicles, 5000 trailers and 43 operating centres across the United Kingdom as well as in the other European countries. 

ESL Latest News

On 16th October, the company made a press release regarding the extension of Put-Up or Shut-Up (PUSU) deadline. Previously it was announced that the deadline for DBAY to announce the intention to make an offer was on 16th October 2019 but after ongoing discussions on the possible offer, the company had made a request to the Panel on Takeovers and Mergers to extend the deadline to make an offer or not to make an offer to 28th October 2019, at 5:00 P.M. As per the announcement, this deadline can be further extended with the consent of the panel, at the company’s request.

Trading in the ESL stock has been suspended from 23/08/2019 7:30am with reason of -Bid situation- a situation where the exchanges gets notified by the Panel on Takeovers and Mergers (POTAM) that a specific security is currently engaged in a bid situation, whether hostile or otherwise.

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