Recent Business Performance Updates Of 2 FTSE Stocks: BigDish PLC And GSTechnologies Ltd

  • Dec 30, 2019 GMT
  • Team Kalkine
Recent Business Performance Updates Of 2 FTSE Stocks: BigDish PLC And GSTechnologies Ltd
BigDish PLC (LON: DISH)

BigDish PLC is a Jersey, United Kingdom-headquartered early-stage technology company that provides yield management platform to the restaurant industry through an online restaurant reservation platform and mobile application which enables users to make restaurant bookings. The company helps restaurants in the country to fill up their spare capacity and optimise their revenues by providing smart and dynamic discounts which depend on the time of day in which the booking is made. The operations of the group are differentiated in four geographical segments, namely Jersey, Hong Kong, Indonesia and the Philippines.

DISH-Business performance for H1 FY20 period ended 30th September 2019

(Source: Company’s filings, London Stock Exchange)

The group announced its interim results for the first half of the fiscal year 2020 on 30th December 2019. The income of the company surged to GBP 11,766 in the first half of the fiscal year 2020 as against GBP 2,448 in the first half of the fiscal year 2019. The gross profit of the company surged to GBP 11,070 in the first half of the fiscal year 2020 as against GBP 2,448 in the first half of the fiscal year 2019. The loss before taxation (LBT) of the company was recorded at GBP 1,050,255 in the first half of the fiscal year 2020 as against GBP 388,244 in the first half of the fiscal year 2019. The company’s Total comprehensive loss for the period was recorded at GBP 1,095,450 in contrast to GBP 409,550 in the first half of the fiscal year 2019. The company’s net assets were valued at GBP 1,122,299 in the first half of the fiscal year 2020. The company has enough funding to sustain until the third quarter of the fiscal year 2020. As of now, the company has no plans to publish a prospectus. Hence, there is no headroom to issue new equity prior to July 2020.

DISH-Stock price performance

(Source: Thomson Reuters) Daily Chart as on Dec-30-19, before the LSE market close

The market capitalisation of the company while writing as on 30th December 2019 (at 11:04 AM GMT) was approximately £5.20 million.

While writing, BigDish PLC’s shares were trading at GBX 1.22 per share; which were 18.67 per cent down in comparison to the previous day closing price level.

The shares of the BigDish PLC have struck a high of GBX 9.39 (as on June 06, 2019) and a low of GBX 1.07 (as on December 27, 2019) in the last twelve months. At the current price point, as quoted in the price chart, the company’s shares were trading 87.01 per cent below the high price point attained in the last twelve months and 14.02 per cent above the low price point attained in the last twelve months.

At the time of writing, the stock's average daily traded volume for 5 days was 3,028,271.00; 30 days- 2,838,319.77 and 90 days – 4,069,351.87. The 5 days daily average traded volume of the shares of the company was up by 6.69 per cent in comparison to 30 days daily average traded volume. The shares of the company were trading below the 60-days and 200-days SMA while writing.

On a YTD (Year-to-Date) time interval, the shares of BigDish PLC plunged by approximately 11.76 per cent and were down by 55.22 per cent in the last quarter. BigDish PLC’s shares have delivered 14.29 per cent negative return in the last one-month period.

GSTechnologies Ltd (LON: GST)

Optimal wireless, security solutions and electronic cabling provider, GSTechnologies Ltd develops solutions for the infrastructure development space. The group operates through EMS Wiring Systems, the group’s subsidiary, for the last 28 years, which has been supplying intelligent building solutions to large private organisations and governments.

The primary objective of GSTechnologies Ltd is to satisfy the increasing demand of the ICT industry, capturing the opportunities  in data Centres, intelligent buildings, smart cities and the Internet of Things in the innovation and technology sectors - with focus on emerging markets.

The group announced that Mr William Knight has decided to step down from the position of a non-executive director to focus on his other business interests, effective from 2nd December 2019.

The company has commenced the search to find a suitable replacement for the position of non-executive director following the departure of Mr Knight to ensure that the board composition is appropriate. The company will make further announcements shortly.

GST-Business performance for H1 FY20 period ended 30th September 2019

(Source: Company’s filings, London Stock Exchange)

The group announced its interim results for the first half of the fiscal year 2020 on 30th December 2019.

The company was successfully able to sustain comparable revenues to the same period in 2018 at a time when Singapore's economy slowed with GDP growth for first three quarters of 2019 falling to 0.5 per cent from 3.2 per cent in 2018

The company generated revenue of US$2,594,000 for the period, up by 1.1 per cent from $2,326,000 in the first half of the fiscal year 2020, thereby resulted in positive net cash from operating activities amounting to US$20,000. The operating income of the company surged to US$2,594,000 in the first half of the fiscal year 2020 as compared to US$ 2,326,000 in the first half of the fiscal year 2019. The company had positive net cash from operating activities of US$20,000 for the six months to 30 September 2019 as compared to net cash of US$216,000 in the first six months to 30 September 2018. The Company had cash and cash equivalents of US$398,000 on 30th September 2019 as compared to US$815,000 on 30th September 2018.  Due to a decrease in profit margin and an increase in employee costs, the company incurred a loss of US$470,000 for the period versus a loss of US$210,000 in the first six months to 30 September 2018.

The company is looking forward to sales of between US$2 million and US$2.5 million over the second half of the financial year ending 31 March 2020, as the company transcends into the fiscal year 2020 along with overall sales forecasted to be in the range of US$4.5 million and US$5 million for the year.

The management of the company is confident going forward in the fiscal year 2020, the company shall hold solid opportunities in both Post-Brexit Great Britain and in South East Asia for the Group.

GST-Stock price performance

(Source: Thomson Reuters) Daily Chart as on Dec-30-19, before the LSE market close

The market capitalisation of the company while writing as on 30th December 2019 (at 11:09 AM GMT) was approximately £1.58 million.

While writing, GSTechnologies Ltd’s shares were trading at GBX 0.1610 per share; which remained flat in comparison to the previous day closing price level.

The shares of the GSTechnologies Ltd have struck a high of GBX 0.6875 (as on March 11, 2019) and a low of GBX 0.085 (as on September 03, 2019) in the last twelve months. At the current price point, as quoted in the price chart, the company’s shares were trading 76.58 per cent below the high price point attained in the last twelve months and 89.41 per cent above the low price point attained in the last twelve months.

At the time of writing, the stock's average daily traded volume for 5 days was 819,628.20; 30 days- 5,377,721.00 and 90 days – 4,968,835.18. The 5 days daily average traded volume of the shares of the company was down by 84.76 per cent in comparison to 30 days daily average traded volume. The shares of the company were trading above the 30-days and 60-days SMA while writing.

On a YTD (Year-to-Date) time interval, the shares of GSTechnologies Ltd plunged by approximately 76.30 per cent and were up by 45.45 per cent in the last quarter. GSTechnologies Ltd’s shares have also delivered 36.17 per cent positive return in the last one-month period.

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