Latest Updates on Three FTSE Stocks – RDI REIT Plc, RPS Group Plc and Royal Bank of Scotland Group Plc

  • Oct 24, 2019 BST
  • Team Kalkine
Latest Updates on Three FTSE Stocks – RDI REIT Plc, RPS Group Plc and Royal Bank of Scotland Group Plc

RDI REIT Plc

RDI REIT Plc (RDI), previously known as Redefine International Plc, is a London, the United Kingdom based Real Estate Investment Trust (REIT). The company’s primary policy is the delivery of long term sustainable returns backed by robust fundamentals by investment in the Real Estate sector. The company’s investment strategy is to invest in distribution, and Industrial real estate properties, as well as leading hotel and London serviced office and other commercial operating platforms. As on 31st August 2019, the company’s portfolio holdings were valued at £1.4 billion. Segment-wise, the company’s portfolio investments are led by the UK Hotels segment amounting to around 26 per cent of the total portfolio, closely followed by the Germany segment which makes up for about 17 per cent as well as the UK distribution, industrial and automotive sectors making up for about 16 per cent of the total portfolio. The company also has some investments in the UK Shopping Centres and Retail and Parks segment. Some of the company’s major assets include 20 St Dunston Hill and 46 New Broad St, which are two boutiques serviced office spaces in London, Charing Cross road, that comprises of two retail units, Express Park, a premium commercial space in Bridgewater, Southwest of England, etc. The company’s hotel Investments include the likes of DoubleTree by Hilton in Edinburgh and Holiday Inn Express – Earl’s court in London. 

RDI Financial Performance (Results for the Year ended 31st August 2019)

On 24th October 2019, the company announced its preliminary results for the year ended 31st August 2019. The company highlighted a strong asset management performance with the completion of 131 leasing events during the year, which was 4.7 per cent above the ERV. The company reported that the EPRA occupancy was at 95.9 per cent as on 31st August 2019, below previous year’s EPRA occupancy of 97.1 per cent as on 31st August 2018. Underlying earnings were reported at £49.4 million during the year, 7.6 per cent year on year decrease in comparison to the previous year’s underlying earnings which were reported at £53.5 million. This translated into a year on year decrease of 8.45 per cent in the Underlying earnings per share (EPS) from GBX 14.20 per share in FY 2018 to GBX 13.00 per share in FY 2019. There was also a decline in the Net Rental Income (NRI) from £84.7 million in FY 2018 to £80.8 million in FY 2019. The above-mentioned performance was the driving factor behind the board, recommending a reduced 25.92 per cent year on year Dividend from GBX 13.50 per share in FY 2018 to GBX 10.00 per share in FY 2019.

RDI Share Performance

On 24th October 2019, at 08:55 AM GMT, while writing, RDI REIT Plc’s stock traded at GBX 126.72 per share, a decrease of 0.06 per cent or GBX 0.08 per share in comparison with the previous day’s closing price which was reported at GBX 126.80 per share. At the current market price, the company’s stock was trading 30.64 per cent above its 52-week low price of GBX 97.00 per share, which the company’s stock hit on July 17, 2019. The company’s 52-week high price is of GBX 175.59 per share, which it hit on November 08, 2018. The company’s Market Capitalisation was around GBP 481.95 million.

By the time of writing, 20,650 stocks of the company had been traded for the day. The average volume of trading per day for last one year has been 325,100. The stock has lost 23.66 per cent in the last one year from the price of GBX 165.410 per share.

The Beta of the stock has been reported to be at 0.7137, 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.

 

RPS Group Plc

RPS Group Plc (RPS) is an international consulting firm based in the United Kingdom. The company provides advisory and management consulting services across all sectors in the spaces of Due Diligence, Unite Economics, Strategy and implementation, Commercial and technical advisory, Transaction advisory as well as project investment and finance. The company leverages its knowledge management capabilities to derive data-driven analysis and then implements or delivers that knowledge to its clients through its team of experts.

RPS Trading Update

On 24th October 2019, the company announced a trading update for the third quarter ended 30th September 2019. The company highlighted that the fee income for the three months ended 30th September 2019 was at £140 million, a marginal increase of £1 million, year on year as compared to £139 million reported over the same period in 2018. The company reported that the Net bank borrowings as on 30th September 2019 were £108.1 million while as on 30th June 2019 the bank borrowings were reported at £101.3 million. This increase in debt during the quarter is a result of a seasonal increase in the working capital financing, the purchase of Reservoir Imaging Limited as well as some capital expenditure.

RPS Share Performance

On 24th October 2019, at 08:45 AM GMT, while writing, RPS Group Plc’s stock traded at GBX 126.92 per share, an increase of 2.35 per cent or GBX 2.92 per share in comparison with the previous day’s closing price which was reported at GBX 124.00 per share. While writing, the company’s stock traded 36.47 per cent above its 52-week low price of GBX 93.00 per share, set on June 26, 2019. The company’s 52-week high price is of GBX 207.00 per share, which it hit on October 24, 2018. The company’s Market Capitalisation was around GBP 281.12 million.

By the time of writing, 236,950 stocks of the company had been traded for the day. The average volume of trading per day for last one year has been 248,990. The stock has lost 38.69 per cent in the last one year from the price of GBX 207.00 per share, which is also its 52-week high price, as mentioned above.

The Beta of the stock has been reported to be at 1.4240, 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.

 

Royal Bank of Scotland Group Plc

Royal Bank of Scotland Group Plc (RBS) is Edinburgh, the United Kingdom based company which is engaged in providing Banking and other Financial Services. The company is one of the largest banks in the world that provides a large range of financial services through its various subsidiaries. The company’s brands include NatWest, Ulster Bank, Coutts, Adam and Company, Child and Co, Drummonds, Isle of Man Bank and RBS International. Royal Bank of Scotland’s services includes commercial and institutional banking, risk management services like payments management, assurance and personal lending and other personal banking services such as deposits and loans.

 

RBS Interim Management Statement

On 24th October 2019, the company announced an interim management statement for the third quarter of the year. The company reported an operating loss before tax of £8 million during the quarter, that includes a provision of £900 million with regard to the redressal of Payment Protection Insurance (PPI), compared to an operating profit of £961 million over the same period in 2018. The company reported that income decreased by 3.1 per cent year on year across the retail and commercial businesses. The company also highlighted the fact that NatWest markets had a difficult quarter with income from core activities at £184 million, 44.4 per cent year on year decline, as compared to the third quarter in 2018. Especially, Rates income had a huge impact from economic and political uncertainty for the global economy reduction in bond yields.

RBS Share Performance

On 24th October 2019, at 08:34 AM GMT, while writing, Royal Bank of Scotland Group Plc’s stock traded at GBX 228.30 per share, a decrease of 2.31 per cent or GBX 5.40 per share in comparison with the previous day’s closing price which was reported at GBX 233.70 per share. At the current market price, the company’s stock was trading 8.80 per cent below its 52-week high price of GBX 250.33 per share, which the company’s stock hit on March 18, 2019. The company’s 52-week low price is of GBX 176.55 per share, which it hit on August 15, 2019. The company’s Market Capitalisation is GBP 28.263 billion.

By the time of writing, 7.86 million stocks of the company had been traded for the day. The average volume of trading per day for last one year has been 33.48 million. The stock has gained 8.40 per cent in the last one year.

The Beta of the stock has been reported to be at 0.8650, from which it can be inferred that the stock’s price movement, is slightly less volatile as compared to the movement of the comparative benchmark index.

 

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