James Halstead Plc
James Halstead Plc (LSE: JHD) is Radcliffe, United Kingdom based company that is involved in the production and distribution of flooring products. The products are used across the world in various sectors such as Leisure, Healthcare, Education, Office Spaces as well as Retail and sports. The company produces these flooring products for residential purposes as well. The company’s brands include Expona, Recofloor, Palettone, Camaro, Polysafe and Polyflor which is one of the leading brands across the world and has a presence in various countries such as China, India, New Zealand, Canada, Ireland, Australia as well as some Nordic countries such as Norway. The company’s products have been used in some of the most iconic infrastructures around the world like the Melbourne Cricket ground in Australia, Kremlin Conference Palace in Russia and the Nelson Mandela Academic Hospital in South Africa. The other countries, where the company has a presence are Germany, France, Sweden, Hong Kong and the United Arab Emirates.
JHD Financial Performance (Preliminary results for the year ended 30 June 2019)
On 1st October 2019, the company announced its preliminary audited results for the year ended 30 June 2019. The company reported revenue growth of 1.4 per cent to £253.0 million in FY19 as compared to the revenue reported in 2018 at £249.5 million. This was driven by an impressive performance from the UK market, where the revenue grew at 7.1 per cent year on year and represented 35 per cent of the total revenue in the year 2019, despite the tough market conditions as well as the uncertainty around the Brexit. Profit before tax (PBT), which was reported at£48.3 million in 2019, was up by 3.4 per cent, from Profit Before Tax reported in 2018 at £46.7 million. The company announced that the Earnings per share (EPS) was at GBX 18.2 per share, a 2.8 per cent jump from the 2018 EPS reported at GBX 17.7 per share. Commenting on the results, Mark Halstead, who is the Chief Executive of the company said that the company had achieved record turnover and record profit this year. Cash balance was reported at £68.7 million as on 30 June 2019. In light of this robust and excellent performance, the board proposed a final dividend at GBX 10.0 per share, an increase of 3.6 per cent year on year from previous year’s final dividend proposed at GBX 9.65 per share. This will take the total dividend for the year to GBX 14.0, which is also an increase from the previous year by 3.7 per cent and a record for the company.
JHD Share Performance
On 2nd October 2019, at 12:26 PM GMT, while writing, JHD stock traded at GBX 505.50 per share; declining by 2.03 per cent or GBX 10.50 in comparison with the previous day’s closing price at GBX 516.00 per share. While writing, James Halstead Plc traded 4.98 per cent below its 52-week high of GBX 532.00 set on June 05, 2019. The company’s Market Capitalisation was around GBP 1.07 billion.
13,800 stocks of the company have been traded by the time of writing. The average volume of trading per day for last one year has been 26,010. The stock has surged by 22.93 per cent in the previous one year from the price of GBX 413.00 per share.
The beta of the stock was at 0.4868, showing that the share price movement is less volatile compared to the benchmark market index.
Greggs Plc (GRG) is Newcastle, United Kingdom based company that is engaged in the Bakery business and also acts as a food on the go retailer. The company’s range of products includes Breakfast, Sandwiches, Pasta, Salads and Soups, Drinks and Snacks, Bakery Products, Sweet Treats and Platters. The company prides itself in making good food, at great prices with great quality and nutrition, which provides its customers with a balanced nutritional diet. The company also delivers the food at doorsteps for the purposes of catering through its own online platforms which are its website and app. The company runs a service called Greggs Rewards through which it rewards its most loyal and recurring customers by giving them loyalty points as and when they order food or dine in. Greggs delivered service currently runs across Newcastle. The company also has two delivery partners in Just eat and Deliveroo who have expanded the company’s reach across the United Kingdom as Just Eat delivers in London, Glasgow and Newcastle while Deliveroo delivers in London, Birmingham, Bristol and Newcastle. The company has also recently started its Food on the go service with presence in business parks, shopping centres, industrial estates and roadside locations.
GRG Trading Update
On 1st October 2019, the company announced its trading update for the third quarter. The company reported that the sales were up by 12.4 per cent for the third quarter ended 28 September 2019. The company also reported that the Company-managed shop like for like sales for the third quarter had increased by 7.4 per cent displaying an efficient and robust performance by the company during the quarter. Total sales for Year to date period up to 28 September 2019 were reported to have risen around 13.9 per cent. The company announced 90 new shop openings with around 34 shop closing during the year to date period. The company expects around 90 net openings (New Openings – Closures) in FY 2019. The company anticipates an impact from the Brexit in the fourth quarter, because of the Key Ingredients and Equipment from other European Countries to the United Kingdom, but the company is taking measures to avoid any negative impact and hence maintains its expectations for the full-year results.
GRG Share Performance
On 2nd October 2019, at 12:35 PM GMT, while writing, GRG stock traded at GBX 1,898.42 per share; up by 3.85 per cent or GBX 70.42 in comparison with the previous day’s closing price at GBX 1828.00 per share. While writing, Greggs Plc traded 22.60 per cent below its 52-week high of GBX 2453.99 set on July 17, 2018. The company’s Market Capitalisation was around GBP 1.85 billion.
0.41 million stocks of the company have been traded by the time of writing. The average volume of trading per day for last one year has been 366,410. The stock has seen a significant gain of 77.22 per cent in the previous one year from the price of GBX 1048.00 per share.
The beta of the stock was at 0.7625, showing that the share price movement is less volatile compared to the benchmark market index.
Iomart Group Plc
Iomart Group Plc (IOM) acts as a Glasgow based holding company that is involved in providing cloud computing and secure network hosting services to corporates, industries as well as to individuals. The company leverages its expert consultants and a Data Centre to help a business transition into cloud- based computing. The company tailors all its solution as per the demands and the requirements of the clients. Through its network hosting segment, the company provides infrastructure as a service (IAAS), Cloud Management and Hybrid Cloud, as well as access to both public and private cloud services. Through its security segment, the company provides Secure Platform Management, Consulting, Data Protection and Distributed Denial of Service (DDoS) protection. The company also manages security solution for the purpose of protecting data and applications which are critical to the business.
IOM Trading Update (For the six months ended 30 September 2019)
On 1st October 2019, the company announced a pre-close trading update for the six months ended 30 September 2019. The company reported that the overall revenue increase was in line with the expectations of the management. The company also reported that there is good visibility toward the second half of the year in terms of the sales performance. The company has won some complex enterprise contracts in the first half, which will add to the revenue growth in the second half. The company’s on-campus IT brand, Cristie data, bought new customers to the group, with a potential of being turned into a higher margin revenue, leading to a robust operational performance during the first half of the year. The company expects larger opportunities because a lot of the industries are now moving towards cloud computing to support their business. This combined with company’s continued increase in investment means that the board is maintaining its expectations in line with the outlook for the full year, despite any economic and political uncertainties that surround the businesses in the United Kingdom in view of Brexit.
IOM Share Performance
On 2nd October 2019, at 12:56 PM GMT, while writing, IOM stock traded at GBX 361.50 per share; up by 1.54 per cent or GBX 5.50 in comparison with the previous day’s closing price at GBX 356 per share. While writing, Iomart Group Plc traded 19.39 per cent above its 52-week low of GBX 302.80 set on June 28, 2019. The company’s Market Capitalisation was around GBP 387.14 million.
94,200 stocks of the company have been traded by the time of writing. The average volume of trading per day for last one year has been 64,650. The stock has plunged by 16.67 per cent in the previous one year from the price of GBX 428.00 per share.
The beta of the stock was at 0.8286, showing that the share price movement is less volatile compared to the benchmark market index.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.