Hastings Group Holdings Plc
Hastings Group Holdings Plc (HSTG), previously called Hastings Group Holdings Company, is the United Kingdom based general insurance company, that engages in underwriting and selling of insurance of all types except life insurance. The company’s product segments include Home and Motor insurance. Furthermore, it’s motor insurance is in three categories, with Car, Van and Bike insurance. The company operates through its brand called Hastings Direct, which provides all the services like information on products, Insurance applications, Premium and subsequent payments through its website, where a customer can make his or her account and benefit from all the services digitally. The company’s other brands include Hastings Premier, Hastings Essential, Hastings Direct Smart miles, Insure Pink as well as People’s Choice. The company’s three main operating divisions are Underwriting, Corporate and Retail. All of the company’s activities are based on the 4Cs way of working, and Hastings group holdings depend and focus on Community, Company, Customers and Colleagues.
HSTG Trading Update
On 25th October 2019, the company announced a trading update for the nine months ended 30th September 2019. The company reported that the Live customer policies increased by 5 per cent year on year to 2.84 million as on 30th September 2019. This has been possible due to robust and continued strong retention rates. The company also highlighted that the Gross written premiums had increased by 2 per cent to £753.1 million for the nine months period ended 30th September 2019. The growth in premium prices has been in part, offset by a change in the risk structure of the company that is now focused on the lesser risk divisions and a reduction in younger drivers. The company highlighted that the Net revenue had declined by 2 per cent year on year to £563.8 million for the 9 months ended 30th September 2019, from £574.1 million in the same period previous year because of the effect of lower- income from earned premiums and lower reinsurance commissions.
| Group Performance | 9 months ended | ||
| 30-Sep-19 | 30-Sep-18 | Change | |
| Gross written premiums (£m) | 753.1 | 738.5 | 2% |
| Net revenue (£m) | 563.8 | 574.1 | -2% |
| As on | |||
| 30-Sep-19 | 30-Sep-18 | Change | |
| Live customer policies (million) | 2.84 | 2.7 | 5% |
| UK Private car market share (%) | 7.80% | 7.50% | 30 bps |
Source: Company Website
HSTG Share Performance
On 25th October 2019, at 08:25 AM GMT, while writing, Hastings Group Holdings Plc’s stock traded at GBX 182.00 per share, a decrease of 3.35 per cent or GBX 6.30 per share in comparison with the previous day’s closing price which was reported at GBX 188.30 per share. The company’s share price was up 7.37 per cent from its 52-week low price of GBX 169.50 per share, which the company’s stock hit on December 07, 2018. The company’s 52-week high price is of GBX 235.45 per share, which it hit on April 17, 2019. The company’s Market Capitalisation was around GBP 1.245 billion.
By the time of writing, 317,770 stocks of the company had been traded in the day. The stock has lost 4.36 per cent in the last one year from the price of GBX 190.30 per share.
The Beta of the stock has been reported to be at 1.5600, 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.
Trans-Siberian Gold Plc
Trans-Siberian Gold Plc (TSG) is the United Kingdom based resource extraction company, that engages in the exploration, production and development of gold mining assets in Russia. Trans-Siberian Gold is a holding company with its subsidiaries undertaking the operations and mining activities. It’s subsidiary company in Russia, Trevoznoe Zarevo, has acquired a mining license for approximately 20 square KM of area which includes the Asacha Gold Mine deposit along the pacific rim. The company’s major operations are located in the South Kamchatka area in Russia, which also includes the Asacha Gold mine, because the company believes that there is a good potential of resource recovery in the surrounding areas. This is driven by the geological properties of the area compliment the high-grade epithermal style gold and silver. The company’s current corporate strategy is based on three principles, which are: the value addition to existing operations, based on the foundation, to identify and execute opportunities that can lead to growth in the future and to pursue lucrative acquisition of opportunities to support further growth. The company has a major competitive advantage because it has one of the lowest cost gold production operations in the industry.
TSG Production Update
On 22nd October 2019, the company announced its production and operations update for the quarter and nine months ended 30th September 2019. In the quarter highlights, the company reported a 32 per cent Quarter on Quarter growth in gold production to 12,620 oz from 9,544 oz in the previous quarter. Average gold grade increased by 6.3 per cent Year on Year to 8.3 g/t from 7.8 g/t reported in the third quarter of 2018. 28.2 per cent year on year increase was reported in revenues from gold to approximately US $14milion from US $11 million in Q3 2018. The company also reported that the average realised gold price for the period also increased by 23.6 per cent Year on Year to US $1,485 from US $1,201 in the third quarter of 2018.
TSG Share Price Performance
On 25th October 2019, at 08:16 AM GMT, while writing, Trans-Siberian Gold Plc’s stock traded at GBX 92.90 per share, a decrease of 0.64 per cent or GBX 0.60 per share in comparison with the previous day’s closing price which was reported at GBX 93.50 per share. The company’s share price traded 30.15 per cent below its 52-week high price of GBX 133.00 per share, which the company’s stock hit on September 04, 2019. The company’s 52-week low price is of GBX 29.43 per share, which it hit on November 26, 2018. The company’s Market Capitalisation was around GBP 81.49 million.
By the time of writing, 541 stocks of the company had been traded for the day. The stock has gained 181.65 per cent in the last one year from the price of GBX 37.80 per share.
The Beta of the stock has been reported to be at 0.7128, 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.
Begbies Traynor Group Plc
Begbies Traynor Group Plc (BEG) is the United Kingdom based company that provides professional services of recovery and restructuring in the UK. The company has two divisions, namely – Begbies Traynor and Eddisons. The former division of the company support businesses, that are in insolvency or liquidation process, providing them administration and any closure options and processes post-administration. The latter division is into providing deal and advisory services to businesses. The company also serves individual clients with services such as Personal Insolvency options.
BEG Latest News
On 25th October 2019, through a press release, the company announced the purchase of the entire equity share capital of Alexander Lawson Jacobs Limited, which is a legal company, based in London and engaged in the insolvency and business recovery practice. The company reported that the purchase reflected its strategy of increasing the scale and the market share of the company’s industry- leading insolvency practice. The purchase has been made for mix of an initial consideration of £2.35 million, which is divided as £2.1 million in cash payments, coming from the company's current resources and by the issuance of 296,195 new ordinary shares of GBX 5.00 each in the group. The purchase has been made on a cash and debt-free basis.
BEG Share Performance
On 25th October 2019, at 08:38 AM GMT, while writing, Begbies Traynor Group Plc’s stock traded at GBX 86.20 per share, an increase of 1.41 per cent or GBX 1.20 per share in comparison with the previous day’s closing price which was reported at GBX 85.00 per share. The company’s share price traded 2.60 per cent below its 52-week high price of GBX 88.50 per share, which the company’s stock hit on October 22, 2019. The company’s 52-week low price is of GBX 56.00 per share, which it hit on January 24, 2018. The company’s Market Capitalisation was ~ GBP 107.25 million.
By the time of writing, 14,120 stocks of the company had been traded for the day. The stock has gained 16.80 per cent in the last one year from the price of GBX 74.5750 per share.
The Beta of the stock has been reported to be at -0.1212, from which it can be inferred that the stock’s price movement, is less volatile and inverse as compared to the movement of the comparative benchmark index.
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