Performance Updates Of Three FTSE 350 Stocks – Croda International Plc, British Land Company Plc And Big Yellow Group Plc

December 18, 2019 12:39 AM AEDT | By Team Kalkine Media
 Performance Updates Of Three FTSE 350 Stocks – Croda International Plc, British Land Company Plc And Big Yellow Group Plc

Croda International Plc

Croda International Plc (LON:CRDA) is a Goole, the United Kingdom based company that is into creating, making and selling of speciality chemicals. The company was founded in the year 1925 and is headquartered in Goole. The company has over 4,000 employees working across 18 manufacturing sites spread in over 30 countries. The main markets include Europe, Africa, the Middle East, Latin America and North America. The company has four reporting segments being Life Sciences, Personal Care, Industrial Chemicals, and Performance Technologies. The company continually strives to procure and create cutting edge technologies, knowledge and expertise and designing diverse patent portfolios.

CRDA Latest News

On 16th December 2019, the company issued a press release to announce a directorate change as a part of the Board’s succession planning. The board of the company announced the appointment of a new Non-Executive Director John Ramsey. The appointment will be effective from 1st January 2020 as per the notification of the company. The company reported that John will also be appointed as the chair of the Audit Committee and the member of the Nomination Committee as well as the Remuneration Committee of the board upon joining. The company also announced the retirement of Alan Ferguson from the board with effect from 23rd April 2020, post serving for a period of nine years as a Non-Executive Director of the company.

CRDA Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 17-December-19, before the close of the market

As on 17th December 2019, at 11:00 A.M Greenwich Mean Time, while writing, Croda International Plc’s price of the stock was reported at GBX 4922.00 per stock on the London Stock Exchange, an increase in the value of 0.24 per cent or GBX 12.00 per stock, as opposed to the last day’s closing price, which was reported at GBX 4910.00 per stock. The market capitalisation of the company was reported at GBP 6.317 billion in reference to the current stock price of the company.

Company’s stock beta was reported to be at a value of 0.71. By this, we can make an inference that movement of the stock of Croda International Plc, has been less volatile, in comparison with the movement of the comparative benchmark index in the last one year.

British Land Company Plc

British Land Company Plc (LON:BLND) is a London, the United Kingdom based General Financial company that is involved in the business of management and development of real estate portfolio with a focus on various retail locations across the country. The company also manages the financing of these real estate assets. The company’s extremely diverse portfolio consists of £15.4 billion worth of Assets Under Management (AUM), with an annualised rent of around £521 million. The portfolio has a 96.8 per cent occupancy rate, which is the reason for high annualised rent generation. Company has also started focusing on mixed-use places which are becoming the industry standard in terms of Real Estate Asset Management. The company’s campuses and the independent workplaces together record for around 55 per cent of the entire portfolio. Across the regions of Broadgate, Regent's Place and Paddington Central, the company is engaged in the business of making and dealing with the best connected, most available and frequented spaces in the London Metropolitan area. That incorporates world-class, modern as well as sustainable workplaces and nearby open spaces set in energetic local neighbourhoods. This one of a kind spaces benefits reflect a clear attraction for organisations trying to hold on to the best individuals. The company’s independent structures also deliver top-notch workspace at the best parts of the city where the company supports placemaking activities without the control on a wider and more extensive territory.

BLND Financial Performance

On 13th November 2019, the company announced its half-year financial results for the period ended 30th September 2019. In terms of the financial highlight, the company reported a decline of 6.4 per cent year on year in the Earnings per share from GBX 17.2 per share in H1 FY 2019 to GBX 16.1 per share in H1FY 2020. This flew from a disappointing profit performance as underlying profit was reported at a decline of 10.1 per cent year on year from £169 million in H1 FY 2019 to £152 million in H1 FY 2020. However, this did not affect the dividend as the board followed the company’s progressive dividend policy while declaring the interim dividend, which rose by around 3.0 per cent year on year from GBX 15.50 per share in H1 FY 2019 to GBX 15.97 per share in H1 FY 2020. In terms of the Balance sheet performance, the portfolio value as on 30th September 2019 was £11.723 billion, a decline of 4.3 per cent from the portfolio value as on 31st March 2019, which was at £12.316 billion. The EPRA Net Asset Value per share stood at a value of GBX 856 per share as on 30th September 2019. The loan to value ratio as on 30th September 2019 was reported to be at 30.8 per cent, a marginal increase as against the loan to value ratio as on 31st March 2019 at 28.1 per cent.

BLND Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 17-December-19, before the close of the market

As on 17th December 2019, at 11:05 A.M Greenwich Mean Time, while writing, British Land Company Plc’s price of the stock was reported at GBX 608.30 per stock on the London Stock Exchange, a decline in the value of 3.60 per cent or GBX 22.70 per stock, as opposed to the last day’s closing price, which was reported at GBX 631.00 per stock. The market capitalisation of the company was reported at GBP 5.847 billion in reference to the current stock price of the company.

Company’s stock beta was reported to be at a value of 0.89. By this, we can make an inference that movement of the stock of British Land Company Plc, has been slightly less volatile, in comparison with the movement of the comparative benchmark index in the last one year.

Big Yellow Group Plc

Big Yellow Group Plc (LON:BYG) is a Bagshot, United Kingdom headquartered Self Storage services providing organisation. The company owns a platform of 100 stores in the United Kingdom including that of its minority-owned companies and has a total of 5.7 million square feet of area in its possession which is lettable and a further 0.9 million square feet of area under development. The company, while choosing locations for its sites, focuses on high profile, accessible and main road locations so as to derive maximum value for its clients. The company basically operates through two business divisions which are Personal storage and Business storage. It provides box shop services as well. In terms of personal storage services, the company serves a wide variety of customers which include the likes of customers who are going to move homes, students, customers going for home improvements, customers with life events, decluttering, wine storage requirements, storage collectables, travelling as well as sports equipment storage for daily and periodic needs. In terms of Business storage, the company’s services include Business Storage Units, Multi-site storage, services for Online retailers, Archiving storage, Warehouse storage, Lock-up garages, Flexible office and coworking spaces as well as other business support services with a scope of logistics management.

BYG Financial Performance

On 19th November 2019, the company reported the half-year results for the period ended 30th September 2019 in which it highlighted growth of 3.4 per cent year on year in the revenue from £62.2 million in H1 FY 2019 to £64.3 million in H1 FY 2020. The like for like revenue growth stood at 4.2 per cent. The company reported the Adjusted profit before tax at a growth of 6.0 per cent year on year in H1 FY 2020 to £35.3 million. The EPRA earnings per share were reported to be at GBX 21.0 per share, a growth of 0.5 per cent year on year.

BYG Share Price Performance

(Source: Thomson Reuters) Daily Chart as on 17-December-19, before the close of the market

As on 17th December 2019, at 11:10 A.M Greenwich Mean Time, while writing, Big Yellow Group Plc’s price of the stock was reported at GBX 1156.00 per stock on the London Stock Exchange, an increase in the value of 0.26 per cent or GBX 3.00 per stock, as opposed to the last day’s closing price, which was reported at GBX 1153.00 per stock. The market capitalisation of the company was reported at GBP 1.926 billion in reference to the current stock price of the company.

Company’s stock beta was reported to be at a value of 0.37. By this, we can make an inference that movement of the stock of Big Yellow Group Plc, has been less volatile, in comparison with the movement of the comparative benchmark index in the last one year.


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