Performance of FTSE 100 and Earnings of Three LSE Stocks: LWI, ATAD and COBR  

Markets have been very volatile since the outbreak of the Coronavirus, which has completely destabilised equity trading all across the globe. The FTSE 100 is still almost 15 per cent lower since the beginning of the year. The FTSE 100 Index was at a high of 7,604.30 points on 02nd January 2020, which has now decreased to 6,484.30 points as on 5th June 2020, though it’s the highest level of the index since March 5.

It’s not only the case with the top market capitalisation companies, but the other indices of the London Stock Exchange have also suffered severe debacle with the outbreak of Novel Coronavirus and then a complete lockdown imposed in the country to contain the spread of the pandemic, which started on 23 March 2020. It was the month when the economy came to a grinding halt, all the businesses came to a standstill, and the London Stock Exchange fell to its lowest level in the last 12 years. Now things have slowly started to improve; markets have regained some lost ground, industries are analysing the situation and chalking out plans to resume work, selective businesses have already started working albeit with a reduced workforce, as the fear of the virus still persists. The government’s phased reopening plans are also based on the resurgence and are conditional, as a resurgence can further derail the economic momentum.

Let's talk about the three London Stock Exchange stocks, which have announced their earnings- Lowland Investment Company Plc, Tatneft' PAO and Cobra Resources Plc.

Overview of Lowland Investment Company Plc

LWI – Financial Highlights

On 05^th June 2020, the company declared unaudited results for the half-year ended 31st March 2020.

• In the half-year ended 31st March 2020 as a whole, NAV decreased by 30.3 per cent in contrast to a 22 per cent fall in the index.
• Underlying earnings per share dropped to 14.5 pence during the half-year ended 31st March 2020 compared to 22.2 pence in the year 2019.
• The company announced the first interim dividend of 15 pence in January (2019: 14.5 pence), and the company declared the same second half-yearly interim of 15 pence.
• The company’s Purchase transaction expenses were reported at £135K for the half-year ended 31st March 2020 (31st March 2019: £121K; 30th September 2019: £228K).
• During the half-year ended 31st March 2020, the Purchase of investments decreased to £26.2 million as compared to £28.2 million the prior year.
• Similarly, during the half-year ended 31st March 2020, the sale of investments reduced to £31.7 million as compared to £38.8 million the preceding year.
• During March 2020, the NAV decreased by 26.5 per cent as opposed to a 15.1 per cent reduction in the benchmark.

(Source: Thomson Routers)

The share price performance of Lowland Investment Company Plc - On 05^th June 2020, the stock price of LWI closed at GBX 1,035.0, higher by 6.92 per cent or 67.0 points as compared to the previous day’s closing price of GBX 968.0. The company’s one year high/low price is GBX 1,489.65 / GBX 696.0, which were reported on 07^th February 2020 and 19th March 2020, respectively.

Overview of Tatneft' PAO

Tatneft' PAO (LON:ATAD) is a prominent Russian oil company, which engages in oil and gas production, a gas station network, oil refining, petrochemicals, electric power industry, a tire complex and manufacturing of equipment for the oil and gas industry. It is one of the biggest public company in Russia with a market capitalisation of over $28 billion at the end of 2019.

ATAD – Financial Highlights

On 05th June 2020, the company declared the financial statement for the first quarter of the year 2020.

• The company produced 240.5 million cubic meters of gas and 7.3 billion tonnes (51.9 MMbbl) of crude oil in the first quarter of 2020. In the first quarter of 2020, company’s production was 3 million tonnes of refined products.
• As of 31st December 2019, the company’s total combined assets reduced from 1,238.6 billion rubles (US$ 20,007 million) to 1,237.0 billion rubles (US$ 15,914 million) as of 31st March 2020.
• As of 31st December 2019, the total consolidated liabilities of the company reduced from 486.509 billion rubles (US$ 7,858 million) to 457.996 billion rubles (US$ 5,892 million) as of 31st March 2020.

(Source: Thomson Reuters)

The share price performance of Tatneft' PAO - On 05th June 2020, the stock price of ATAD closed at USD 49.98, higher by 1.70 per cent or 3.52 points as compared to the previous day’s closing price. The company’s one year high/low price is USD 81.60 / USD 28.18, which were reported on 20^th January 2020 and 18^th March 2020, respectively.

Overview of Cobra Resources Plc

Cobra Resources Plc (LON:COBR) is a financially strong private company. It has more than ten years of experience in Namibia. It draws on the proficiency to discover and to develop mineral projects crucial to the ever-rising energy demands.

COBR – Financial Highlights

On 05^th June 2020, the company declared Final Results for the Year ended 31st December 2019.

• The company declared the completion of the Lady Alice Mines acquisition during the FY2019.
• Post period end, the company successfully achieved the Stage 1 soil sampling programme over Baggy Green, Barns and White Tank projections, which recognised vital pathfinder essentials to mineralisation.
• On 5th March 2020, the company reported the issuance of 1,745K ordinary shares.
• The operating loss of the company increased to £668.9K for the year ended 31st December 2019 as compared to £573.3K for the year ended 31st December 2018.
• The loss per ordinary shareof the company (basic and diluted) decreased to £0.0099 for the year ended 31st December 2019 as compared to £0.0195 for the year ended 31st December 2018.
• Total comprehensive loss attributable to equity holders of the parent company increased to £670.4K for the year ended 31st December 2019 as compared to £573.3K for the year ended 31st December 2018.
• As at 31st December 2019, Intangible assets of the company increased to £612.2K from Zero in the prior year.
• As at 31st December 2019, total current liabilitiesof the company increased to £638.0K as compared to £27.2K in the preceding year.

(Source: Thomson Reuters)

The share price performance of Cobra Resources Plc - On 05th June 2020, the stock price of COBR closed at GBX 1.73, higher by 15.00 per cent or 0.225 points as compared to the previous day’s closing price of GBX 1.50. The company’s one year high/low price is GBX 3.70 / GBX 0.65, which were reported on 07^th May 2020 and 01^st April 2020, respectively.