Performance Updates Of Four FTSE Stocks – III, SLA, IAG and MRO

  • Oct 30, 2019 GMT
  • Team Kalkine
Performance Updates Of Four FTSE Stocks – III, SLA, IAG and MRO
3i Group Plc

3i Group Plc (III) is a London, the United Kingdom based investment trust company that is engaged in the business of Private Equity and Infrastructure Investments. As a part of the Private Equity business, the company looks to invest in the sectors like Business and technology services, Consumer, Healthcare and Industrials. As a part of the Infrastructure investments, the company invests in Economic infrastructure and greenfield projects.

III Performance Update

On 31st July 2019, the company announced a performance update for the first quarter of the year ended 30th June 2019. The company reported a good commencement to the year driven by a growth in the Net Asset Value per share to GBX 864 and a total return of 6.2 per cent for the reporting period. The company also reported to have made £139 million in PE investments in a company called Magnitude Software Inc. and also signed an agreement with the United States Infrastructure investment in Regional Rail LLC, which was completed post the reporting period.

III Share Price Performance

On 30th October 2019, at 10:50 A.M. GMT, while writing, 3i Group Plc’s share price was trading at GBX 1131.50 per share, a decrease of 1.86 per cent or GBX 21.50 per share as compared to the previous day’s closing price, which was reported to be at GBX 1153.00 per share. While writing, the 3i Group Plc stock was trading 4.84 per cent below the 52-week high price, which was GBX 1189.00 per share, set on September 30, 2019. The company’s market capitalisation was reported to be at GBP 11.219 billion.

By the time of writing, 137,120 of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 1.67 million stocks. The stock has reportedly gained 31.33 per cent in value in the last one year, from the price of GBX 862.09 per share.

The beta of the company’s stock has been reported to be at 1.5396. Through this, it can be inferred that the movement in the company’s stock is more volatile, in comparison to the movement of the benchmark market index.

Standard Life Aberdeen Plc

Standard Life Aberdeen Plc (SLA) is Edinburgh, the United Kingdom based Financial Services company that is engaged in the business of providing Investment Management services. The company operates through some of its major brands which are Aberdeen Standard Investments, an asset management brand, Standard Life, which is the long-term savings brand. The company also has made strategic investments in companies like The Phoenix Group, Virgin Money, HDFC Life and HDFC Asset Management as well as Heng An Standard Life.

SLA Latest News

On 30th October 2019, the company announced that one of its wholly owned subsidiaries sold its shares in HDFC on the National Stock Exchange of India Limited. And the Bombay Stock Exchange Limited. As per the announcement, the company sold 100,000,000 shares at an average price of Rs. 575.15 per share, equalling £622 million. Post this sale, the company’s current shareholding in HDFC Life amounts to 14.74 per cent.

SLA Share Price Performance

On 30th October 2019, at 10:45 A.M. GMT, while writing, Standard Life Aberdeen Plc’s share price was trading at GBX 304.60 per share, a decrease of 0.26 per cent or GBX 0.80 per share as compared to the previous day’s closing price, which was reported to be at GBX 305.40 per share. While writing, the Standard Life Aberdeen Plc stock was trading 2.31 per cent below the 52-week high price, which was GBX 311.80 per share, set on July 25, 2019. The company’s market capitalisation was reported to be at GBP 7.213 billion.

By the time of writing, 2.42 million of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 7.35 million stocks. The stock has reportedly gained 15.10 per cent in value in the last one year, from the price of GBX 264.65 per share.

The beta of the company’s stock has been reported to be at 1.2455. Through this, it can be inferred that the movement in the company’s stock is more volatile, in comparison to the movement of the benchmark market index.

International Consolidated Airlines Group Plc

International Consolidated Airlines Group Plc (IAG) is a West Drayton, United Kingdom based airline company that has ownership in airline carriers like British Airways, Iberia, Vueling and Aer Lingus. The company runs a mixed network of Cargo as well as passenger aircraft which includes the likes of Airbus and Boeings of various sizes such as the Airbus A318 and A319 as well as the Boeing 787-800 airlines.

IAG Guidance Update

On 26th September 2019, the company provided a guidance update on its FY 2019 operating profit on the basis of some of the recent events and Economic and Political environment. The company reported that they anticipated that the recent trends in booking in its cheaper divisions, especially in the Vueling and LEVEL brands are in line to have a poor financial effect of approximately €45 million. The company also announced that at the ongoing fuel price levels as well as global currency exchange rates, the operating profit before exceptional items is expected to be €215 million below the 2018 pro forma Operating profit before exceptional items at €3,485 million.

IAG Share Price Performance

On 30th October 2019, at 10:40 A.M. GMT, while writing, International Consolidated Airlines Group Plc’s share price was trading at GBX 522.80 per share, a decrease of 0.15 per cent or GBX 0.80 per share as compared to the previous day’s closing price, which was reported to be at GBX 523.60 per share. While writing, the International Consolidated Airlines Group Plc stock was trading 27.05 per cent above the 52-week low price, which was GBX 411.50 per share, set on August 16, 2019. The company’s market capitalisation was reported to be at GBP 10.389 billion.

By the time of writing, 1.29 million of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 7.23 million stocks. The stock has reportedly lost 10.79 per cent in value in the last one year, from the price of GBX 586.40 per share.

The beta of the company’s stock has been reported to be at 0.7281. Through this, it can be inferred that the movement in the company’s stock is less volatile, in comparison to the movement of the benchmark market index.

Melrose Industries Plc

Melrose Industries Plc (MRO) is a construction and materials company based in London, the United Kingdom and is engaged in the business of buying manufacturing-based businesses. The company has significant investments in the industries like Aerospace, Automotive, Powder Metallurgy, Nortek Air and security as well as other industrial spaces like Oil and Gas, Wheels and Structures as well as Ergonomic Technology.

MRO Financial Performance

On 5th September 2019, the company announced its interim results for the six months ended 30th June 2019. The company on an adjusted basis reported the revenue for the period at £6.002 billion and the operating profit at £539 million. The profit before Tax was reported to be at £429 million in H1 2019 as compared to the Profit before tax in H1 2018 at £244 million, displaying a significant increase. The company also reported the Profit after tax at £330 million in H1 2019, as compared to the profit in H1 2018 at £188 million. This led to an increase in the Diluted Earnings per share at GBX 6.7 per share for the reported period.

 MRO Share Price Performance

On 30th October 2019, at 10:33 A.M. GMT, while writing, Melrose Industries Plc’s share price was trading at GBX 215.60 per share, a decrease of 1.10 per cent or GBX 2.40 per share as compared to the previous day’s closing price, which was reported to be at GBX 218.00 per share. While writing, the Melrose Industries Plc stock was trading 2.18 per cent below the 52-week high price, which was GBX 220.40 per share, set on October 24, 2019. The company’s market capitalisation was reported to be at GBP 10.591 billion.

By the time of writing, 770,820 of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 9.23 million stocks. The stock has reportedly gained 31.95 per cent in value in the last one year, from the price of GBX 163.40 per share.

The beta of the company’s stock has been reported to be at 1.6162. Through this, it can be inferred that the movement in the company’s stock is more volatile, in comparison to the movement of the benchmark market index.

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