Latest Updates On Two FTSE Stocks – RDL Realisation Plc and Caspian Sunrise Plc

  • Nov 07, 2019 GMT
  • Team Kalkine
Latest Updates On Two FTSE Stocks – RDL Realisation Plc and Caspian Sunrise Plc
RDL Realisation Plc

RDL Realisation Plc (RDL), previously called Ranger Direct Lending Fund Plc, is a London, the United Kingdom based company that is engaged in the business of managing wind downs or closures for its investments. The company is in the process of undertaking its new strategy, which is to manage wind downs, with a focus on realising all of its investments so that they can increase the value as much as possible, and to provide the return to the shareholders periodically and in a timely manner. As far as the realisation process is concerned, the company may likewise trade existing Debt Instruments given by any Direct Lending Platform for value protections in such Direct Lending Platform where, in the sensible assessment of the Board, the company is probably not going to have the option to realise value on such Debt Instruments or may have the option to acknowledge them at a material discount to the outstanding principal balance of that Debt Instrument.

RDL Portfolio Update

On 6th November 2019, the company provided a portfolio summary update as on 30th September 2019, and as a comparison to the position on 31st August 2019. The company reported the SME/CRE loan platforms valued at US $21.1 million as on 30th September 2019, as compared to US $22.9 million as on 31st August 2019. The company also reported that the value of the vehicle services contract platform in the portfolio remained flatlined from 31st August 2019 at US $0.2 million. There was also no change in the real estate loans platform valued at US $11.7 million as on 30th September 2019, no change in Princeton as well, which was reported at US $15.0 million as on 30th September 2019. The value of the International SME Lending platform reported a decrease from US $3.9 million as on 31st August 2019 to US $2.7 million as on 30th September 2019. The company’s cash position improved as the cash balance was reported at US $11.4 million as on 30th September 2019 as compared to the cash balance as on 31st August 2019 at US $8.0 million.

    30/ 9/ 2019  31/8/2019
  Platform                                                   (USD million) (USD million)
SME/CRE Loans Platform $21.1 $22.9
Vehicle Services Contract Platform $0.2   $0.2
Real Estate Loans Platform $11.7 $11.7
Princeton $15.0 $15.0
International SME Lending Platform      $2.7    $3.9
Equipment Loans Platform $0.4         $0.4
Invoice Factoring Platform $0.0                        $0.0
Consumer Loans Platform $0.0                     $0.0
Third SME Loans Platform $0.0 $0.0
Portfolio Total $51.1 $54.1
Cash held by RDL                                                  $11.4 $8.0  
Grand Total $62.5 $62.1

Source: Company Website

RDL Share Price Performance

On 7th November 2019, at 08:25 A.M. GMT, by the time of writing, RDL Realisation Plc’s share price was trading at GBX 209.00 per share, an increase of 0.24 per cent or GBX 0.50 per share as compared to the previous day’s closing price, which was reported to be at GBX 208.50 per share. At the time of writing, the RDL Realisation Plc share price was trading 29.77 per cent above the 52-week low share price, which was at GBX 161.05 per share, set on June 18, 2019. This was also 27.62 per cent below the 52-week high price at GBX 288.78 per share, which the company’s share set on August 15, 2019. RDL Realisation Plc’s market capitalisation has been reported to be at GBP 33.62 million.

By the time of writing, 507 of the company’s stocks had been traded in the market. The average volume of trading per day, for the last one year in the market, was 7,430 stocks. The share has reportedly shown a negative change of 71.17 per cent in value in the last one year, from the price of GBX 725.00 per share. There also has been a negative change in the last six months in the value of RDL Realisation Plc’s share of about 45.28 per cent from the price of GBX 382.00. RDL Realisation Plc’s share has reportedly lost 13.99 per cent in value in the last one month from the price of GBX 243.00.

The beta of the RDL Realisation Plc’s share has been reported to be at 0.3536. This implies that the movement in the company’s share price is less volatile in nature, as compared to the movement of the benchmark market index.

Caspian Sunrise Plc

Caspian Sunrise Plc (CASP), previously known as Roxi Petroleum Plc, is a London, the United Kingdom based oil and gas company that is in the business of exploration and production of crude oil in the region of Kazakhstan. The company has been listed on the Alternative Investment Market of the London Stock exchange since May 2007. The company’s major operations are through its 99 per cent working interest in the BNG Contract area in South-Western Kazakhstan located in the Pre-Caspian basin with a combined area of 1561 sq. KM. As on 31st December 2016, the company had 12 wells drilled in the area. The company has another project called the 3A Best project, in which the company has a 100 per cent working interest.

CASP Operations Update

On 6th November 2019, the company announced a production update from its BNG Project in Kazakhstan for the month of October. The company reported an increase in the production numbers for October, mainly because of the workover on some existing shallow wells. In the month of October, an aggregate of 43,415 barrels of oil were produced compared to 40,828 barrels of Oil produced in the previous month. From this production, 50 per cent were sold at domestic prices as compared to 33.33 per cent in the month of September, and 50 per cent sales were made on reference to international prices as compared to 66.67 per cent in September 2019. The production per day increased by 6.3 per cent, reported to be at 1447 barrels per day, as compared to the September 2019 production being at 1361 barrels per day, which was up 15.5 per cent compared to August. The domestic prices for oil were at US $19.5 per barrel as compared to US $20.5 per barrel in September and the gross price for the international sales is in the process of being quantified and calculated by reference to actual Brent prices on the day of sale which was reported to be at US $55.0 per barrel as compared to US $55.5 per barrel in the month of September 2019. The company also reported purchasing two G40 rigs, as a supplement to the broader purchases of equipment made by the company, for the purpose of drilling 18 infill wells. The company has also planned and commissioned preparatory groundworks at six drilling locations so as to avoid delays related to the climatic conditions and winter weather.

CASP Share Price Performance

On 7th November 2019, at 08:10 A.M. GMT, by the time of writing, Caspian Sunrise Plc’s share price was trading at GBX 9.43 per share, a decrease of 0.22 per cent or GBX 2.28 per share as compared to the previous day’s closing price, which was reported to be at GBX 9.65 per share. At the time of writing, the Caspian Sunrise Plc share price was trading 130.00 per cent above the 52-week low share price, which was at GBX 4.10 per share, set on April 17, 2019. This was also 35.63 per cent below the 52-week high price at GBX 14.65 per share, which the company’s share set on June 03, 2019. The market capitalisation (m-cap) of the Caspian Sunrise Plc has been reported at GBP 181.68 million.

By the time of writing, 76,960 of the company’s stocks had been traded in the market. The average volume of trading per day, for the last one year in the market, was 1.07 million stocks. The share has reportedly shown a positive change of 32.81 per cent in value in the last one year, from the price of GBX 7.1 per share. There also has been a positive change in the last six months in the value of Caspian Sunrise Plc’s share of about 96.45 per cent from the price of GBX 4.8050. Caspian Sunrise Plc’s share has also reportedly lost 7.09 per cent in value in the last one month from the price of GBX 10.15.

The beta of the Caspian Sunrise Plc’s share has been reported to be at -1.2806. This implies that the movement in the company’s share price is inversely correlated to the movement of the benchmark market index.

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