Quick Glance At Three Stocks: ADL, PAT and RIO

Quick Glance At Three Stocks: ADL, PAT and RIO

 Andalas Energy and Power PLC

Andalas Energy and Power Plc (ADL) operates into the energy sector. The company is into electricity generation, and oil & gas exploration. The company was earlier known as CEB Resources plc.

Recent News

The company announced an operational update on 16th August 2019 on the Betun Selo KSO. The BTN14 well is now working with increased production capacity to 30 barrels of oil per day as against 4.5 barrels of oil per day post completion of the workover on 7th August 2019. This was positive for the company and ahead of its expectations. In the BTN01 well, a mechanical cleanout was deemed necessary, and acidization of the well was recommended. The well is expected to commence production soon.

Financial highlights for H1 FY19 period ended 31st October 2018

The company’s cash balances were recorded at US$1,164,000 as on 31st October 2018, which rose from US$38,000 on 30th April 2018. This rise in cash balance can be attributed to the changes made to the board in April 2018 and the progress made by the company thereafter. The company’s operating loss was recorded at US$868,000 in H1 FY19 as against a loss of US$1,015,000 in H1 FY18. The company had focussed immensely on reducing the cost base of the company. The administrative costs incurred by the company were recorded at US$868,000 for H1 FY19 as against US$1,015,000 for H1 FY18. In addition, the company was able to raise £1.8 million through the placement of shares during the reported period. The company issued 100,000,000 shares to raise £1,000,000 at a unit price of 1 pence per share. The company issued another 69,565,217 shares to raise £800,000 at a unit price of 1.15 pence per share.

ADL Share price performance

While writing (as on 19 August 2019, at 02:08 PM GMT), ADL shares were trading at GBX 0.16 per share and remained flat as compared to the previous day closing price level. The company’s M-cap (market capitalisation) stood at GBP 1.66 million.

In the last year, ADL shares have registered a high of GBX 1.34 (as on 14 September 2018) and a low of GBX 0.11 (as on 08 August 2019). At the current trading level, as quoted in the price chart, its shares were trading at 0.88 per cent below the 52-week high price level and 45.45 per cent above the 52-week low price level.

While writing, the stock’s volume before the market close, stood at 2,683,492. Stock's average traded volume for 5 days was 6,133,819.40; 30 days- 4,440,229.80 and 90 days – 5,535,648.30. The company’s stock beta as on date was 0.56 which means it is less volatile as compared to the benchmark index.

The shares of the company (at the time of writing) were trading above the 30-days and 60-days SMA, which shows a positive trend in stock price movement.

In the past 1 year, ADL shares have delivered a negative return of 81.18 per cent. Also, on a YTD (Year-to-Date) basis, the stock has plunged by approximately 77.93 per cent and was down by 23.81 per cent in the last three months.

Share's RSI (Relative Strength Index) for the 30-days, 14-days and 9-days was recorded at 45.65, 62.59 and 72.55 respectively. Also, the stock’s 3-days RSI was recorded at 96.44.

Panthera Resources PLC

Panthera Resource PLC (PAT) is a British gold exploration and mining company. It has projects in Rajasthan, Madhya Pradesh, Mali and other states, across India and West Africa.

Financial highlights for FY19

The company’s loss after taxation (excluding non-controlling interests) was recorded at US$1,553,396 in FY19 as against US$2,479,305 in FY18. The company recorded a net loss of US$1,580,720 along with outflow of cash from operations amounting to US$1,443,125. The company had cash balance of US$188,376 as on 31st March 2019. Some of the experts of the sector have opined that the company should raise additional funds because at current cash levels, the company will only be able to sustain itself to up to 12 months post the release of financial statements. In fundraising, the most important criterion is to obtain licensing and permits that are required not only for the commencement of operations but also to trigger funding from the investors. A sum of US$750,000 from Galaxy and £1 million from RIM is expected with the  approval of a prospecting licence for Bhukia project in Rajasthan.

PAT Share price performance

While writing (as on 19 August 2019, at 02:10 PM GMT), PAT shares were trading at GBX 7.75 per share; plunged by 4.67 per cent as compared to the previous day’s closing price level. The company’s M-cap (market capitalisation) stood at GBP 5.46 million.

In the last year, PAT shares have registered a high of GBX 14.85 (as on 26 March 2019) and a low of GBX 1.00 (as on 18 December 2018). At the current trading level, its shares were trading at 47.81 per cent below than the 52-week high price level and 675 per cent above the 52-week low price level.

While writing, the stock’s volume before the market close, stood at 317,426. Stock's average traded volume for 5 days was 105,272.20; 30 days- 242,109.73 and 90 days – 169,423.86. The company’s stock beta (2Y weekly) was 2.47, which means it is much more volatile against the benchmark index.

The shares of the company (at the time of writing) were trading below the 30-days and 60-days SMA, which shows a negative trend in the stock price movement.

In the past 1 year, PAT shares have delivered a positive return of 108.33 per cent. Also, on a YTD (Year-to-Date) basis, the stock surged by approximately 212.50 per cent and was down by 9.72 per cent in the last three months.

Share's RSI (Relative Strength Index) for the 30-days, 14-days and 9-days was recorded at 44.40, 39.64 and 36.92 respectively. Also, the stock’s 3-days RSI was recorded at 21.41.

Rio Tinto PLC

Rio Tinto Plc (RIO) is an international mining and metals company that is majorly involved in exploring, mining and processing the Earth's mineral possessions. The company's operations are differentiated in four segments, namely Energy & Mineral, Copper & Diamonds, Aluminium and Iron Ore.

Financial Highlights for H1 FY2019

As higher iron ore prices helped in offsetting the impact of lower volumes and lower aluminium prices, excluding the $0.8 billion contributions by the coking coal assets divested in 2018, consolidated sales revenue of $20.7 billion was 9% higher than in the first half of 2018. Lower volumes and higher iron ore costs were more than offset by a surge in iron ore prices, which drove underlying EBITDA higher by 19% to $10.3 billion against the $9.2 billion in the first half of 2018. EBITDA margin stood at 47%. In H1 FY2019, lower sales volumes reduced underlying EBITDA by $232 million from the first half of last year while commodity price movements led to a surge in underlying EBITDA by $1,878 million.

The company recorded a profit in the first half of 2019 of $2.9 billion and net profit attributable to the owners totalled to $4.1 billion in the same period, mainly reflecting the impairment of Oyu Tolgoi. Driven by the robust contribution from Iron Ore, underlying earnings during the current period was $4.9 billion, which was 12% higher than the corresponding period of the last year. The underlying earnings per share climbed by 19% to 301.5 cents in the H1 FY2019.

The group declared ordinary dividend per share of 151 cents, which amounted to $2.5 billion, and announced a special dividend of 61 cents, which amounted to $1 billion. As a result of $1.0 billion of the ongoing share buy-back and the final and special dividends of $6.8 billion related to last year, net debt of $4.9 billion rose by $5.1 billion in the first half of 2019, while net gearing increased to 10% at 30 June 2019 from -1  as on 31 December 2018.

RIO Share Price Performance

On 19th August 2019, at the time of writing (before the market close, GMT 9:30 AM), Rio Tinto PLC shares were trading at GBX 4,035 and increased by 0.75% against the previous day’s closing price. Stock's 52 weeks High and Low is GBX 4,979.14/GBX 3,278.77. The company’s stock beta as on date was 1.45, reflecting higher movement of the stock as compared to the benchmark index.

While writing, the stock’s volume before the market close, stood at 1,182,401. Stock's average traded volume for 5 days was 2,802,179.80; 30 days- 3,114,563.17and 90 days – 3,048,666.96.

The shares of the company (at the time of writing) were trading below the 30-days and 60-days SMA, which shows a negative trend in the stock price movement and could further move down from the current trading levels.

In the past 1 year, RIO shares have delivered a positive return of 9.86 per cent. Also, on a YTD (Year-to-Date) basis, the stock surged by approximately 8.66 per cent and was down by 12.06 per cent in the last three months.

 

Comparative share price chart of Andalas Energy and Power Plc, Panthera Resource PLC, Rio Tinto Plc

(Source: Thomson Reuters)

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