Recent Business Performance Updates Of Man Group Plc And QUIZ PLC

Recent Business Performance Updates Of Man Group Plc And QUIZ PLC

Man Group Plc

Man Group Plc (Identifier: EMG) is a financial services company providing portfolio solutions to clients. The company is an investment management company and actively deploys the latest technologies to keep it in a leading position in the growing industry. Silchester International Investors LLP, M&G Investment Management Ltd. and Aberdeen Asset Investments Ltd. are the major institutional investors in the group. (Source: Thomson Reuters)

EMG-Trading update for Q3 FY19

On 11th October 2019, the company released its trading update for third quarter period ended 30th September 2019. The company’s total Funds under management (FUM) declined to $112.7 billion as on 30th September 2019 in comparison to $114.4 billion as on 30th June 2019. There was a movement of $0.7 billion in investments in the third quarter driven by positive sentiment. The net outflows of the funds stood at $1.1 billion in the third quarter for fiscal year 2019. The company was negatively impacted to the tune of $1.3 billion by FX in the third quarter of FY19. Tier 2 notes worth $150 million were redeemed by the company in September which resulted in $4.5 million saving of annualised interest. The company intends to repurchase shares of worth $100 million.

EMG-Financial highlights for H1 FY19

During the period under consideration, the group's net revenues reported a growth of 7.81% on YoY basis and stood at $524 million, driven by decent growth recorded in the performance fees on YoY basis.  The company’s net management fee revenue stood at $382 million in H1 FY19 as against $401 million in H1 FY18. Group's adjusted pre-tax profit growth was on the lower side as compensation costs shot up higher as a percentage of net revenue against the year-ago period. Statutory diluted earnings per share during the H1 FY19 stood at 5.8 US cents from 4.6 US cents recorded during the corresponding period of the previous financial year. However, the dividend declared for the H1 FY19 was lower against the dividend declared in the H1 FY18 and stood at 3.87 pence per share. The company’s adjusted EPS stood at 8.6 US cents in H1 FY19 as against 8.1 US cents in H1 FY18.

The company reported a decent financial performance for the first half of the financial year 2019. The company’s top-line performance has improved for the period. The company has recently undergone a corporate reorganisation which will provide greater flexibility in terms of financing the business. Also, the company operates in multiple geographies, which will help it to mitigate the risks faced in a location with the profits generated from other locations.

EMG-Share price performance

At the time of writing (at 02:59 PM GMT, as on 11 October 2019,) Man Group Plc shares clocked a price level of GBX 158.90 per share; which was down by 2 per cent in comparison to the last day trade closing price. Market Capitalisation of the company stood at £2.43 billion at the time of writing.

EMG shares have touched a peak on 01 October 2019 of GBX 177.10 and a trough on 20 December 2018 of GBX 124.08 in the past year.

Before the market close, at the time of writing, the stock’s volume was around 4,430,776. Stock's mean daily traded volume for 5 days stood at 3,669,579.40; 30 days- 4,034,456.13 and 90 days – 3,537,434.22. The company’s stock beta (5Y monthly), which is a measure of volatility of the stock, stood at 1.32, which means that the company’s stock is more volatile in comparison to the benchmark index.

The company’s 5-day average daily traded volume was down by 9.04 per cent as against average daily traded volume for 30 days. At the time of writing, the shares of the company traded below than the simple moving average of 30-days and 60-days.

EMG shares have delivered a negative return of 3.83 per cent in the past one month. Also, From January to till date, the stock was up by approximately 21.92 per cent and was up by 0.78 per cent in the last quarter.

30-days, 14-days and 9-days RSI (Relative Strength Index) of the stock was recorded at 47.74, 41.66 and 37.35 respectively. Also, RSI of the stock for 3-days was recorded at 26.35.

QUIZ PLC

United Kingdom-based QUIZ PLC (Identifier: QUIZ) is an international women's wear brand company. The company’s products comprise of playsuits, tops, shirts, skirts, and denim. The group also provides several outerwear products such as parkas, biker jackets, and faux fur jackets. Its brand operates in 22 countries through more than 300 international franchise stores, standalone stores, concessions, international online partners and wholesale partners. The company has 73 stores and 174 concessions in the United Kingdom.

QUIZ-Trading update H1 FY20

On 11th October 2019, the company announced the six months trading update for the period ended on 30th September 2019. The company’s revenue plunged by 5 per cent to £63.3 million in H1 FY20 as against £66.7 million in H1 FY19. The company’s gross margin was recorded at 61 per cent, which is in line with the management expectations. The online revenues of the company grew by 7 per cent to £20.0 million in H1 FY20 as against £18.7 million in H1 FY19. The net cash of the company was recorded at £7.1 million at 30th September 2019.

QUIZ-Financial highlights for FY19

In FY2019, the company’s reported revenue surged by 12% to £130.9 million against the £116.4 million in FY18, due to an increase in all three channels namely online, in-store and International. Gross margin stood at 60.7%, as compared to 63% in the previous year. Basic earnings per share for the financial year 2019 was 0.09 pence versus 5.49 pence in FY2018.

In the financial year 2019, a dividend per share of 0.8 pence was paid in September 2018 and 0.4 pence paid in March 2019. Net cash at the year-end stood at £7.5 million, a decrease from £9.2 million at the end of the previous year. Net cash flow from operating activities reduced by £2.6 million to £6.8 million as compared to the £9.4 million in FY18. Underlying EBITDA generated in the year 2019 decreased by £7.9 million and working capital movements improved by £4.4 million against the previous year.

The company continued to expand the current website with new ranges and enhanced options, undertook expansion in the North American market, and pursued Multi-channel expansion in new markets.

In the year 2019, the United Kingdom retail sector continued to be affected by an accumulation of broadly reported structural and macro-economic factors.

Despite the trading challenges, the company achieved sales progress across all the three distribution channels (Online, International, and Stores and concessions channels). In the financial year 2019, the development through International and Online businesses was offset by a weaker performance with the United Kingdom Stores and concessions, where the company continued to see suppressed client spending.

QUIZ-Share price performance

At the time of writing (at 03:05 PM GMT, as on 11 October 2019,) Quiz Plc shares clocked a price level of GBX 16 per share; which was down by 4.07 per cent in comparison to the last day trade closing price. Market Capitalisation of the company stood at £20.81 million at the time of writing.

QUIZ shares have touched a peak on 12 October 2018 of GBX 57 and a trough on 15 August 2019 of GBX 12.69 in the past year.

Before the market close, at the time of writing, the stock’s volume was around 48,664. Stock's mean daily traded volume for 5 days stood at 106,633.40; 30 days- 170,150.37 and 90 days – 338,589.50. The company’s stock beta (2Y weekly), which is a measure of volatility of the stock, stood at 1.52, which means that the company’s stock is more volatile in comparison to the benchmark index.

The company’s 5-day average daily traded volume was down by 37.33 per cent as against average daily traded volume for 30 days. At the time of writing, the shares of the company traded below than the simple moving average of 30-days and 200-days.

QUIZ shares have delivered a negative return of 0.15 per cent in the past one month. Also, From January to till date, the stock was down by approximately 50.22 per cent and was down by 9.25 per cent in the last quarter.

30-days, 14-days and 9-days RSI (Relative Strength Index) of the stock was recorded at 49.24, 50.97 and 48.78 respectively. Also, RSI of the stock for 3-days was recorded at 34.90.

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