Recent Business Updates Of 4 FTSE Stocks: PURE, SEE, ASA, BRY

  • Sep 23, 2019 BST
  • Team Kalkine
Recent Business Updates Of 4 FTSE Stocks: PURE, SEE, ASA, BRY
PureCircle Ltd

Established in 2002, PureCircle Limited (PURE) is a world leading producer of stevia (plant-based sugar substitute) for the food and beverages sector. The company promotes healthier diets across the world by providing the supply of natural sweetener to the food and beverage industry internationally. The Company has 40 plus patents related to stevia under its name. The company promotes farmers who grow stevia plants with the help of food and beverages industry through collaborations to work upon and improve their less calorie formulations.

PURE-Financial highlights for H1 FY19

On 23rd September 2019, the company declared half-year results for the period ended 31st December 2018. The company’s revenue plunged by 5.2 per cent to $50.7 million in H1 FY19 as against $53.5 million in H1 FY18. This plunge in revenue can be attributed to the shift in inclination of customers towards newly formulated better tasting Reb M. Solid. The company achieved strong growth in Asia and North America. The company’s gross profit surged by 1 per cent to $19.9 million in H1 FY19 as against $19.7 million in H1 FY18. The company’s gross margin surged by 2.4 per cent to 39.2 per cent in H1 FY19 as against 36.8 per cent in H1 FY18. This was a result of constant innovation which led to development of higher margin product known as Breakthrough. The company’s adjusted EBITDA surged by $3.8 million to $11.6 million in H1 FY19 as against $7.8 million in H1 FY18. The company’s net profit (excluding exceptional items) stood at $2.9 million in H1 FY19. The company incurred a loss of $22.1 million in H1 FY19 due to write down of inventory ($24.2 million) to net realizable value due to introduction of better tasting by-products. The company’s loss per share stood at 12.67 cents in H1 FY19 as against loss per share of 2.3 cents in H1 FY18. The company’s operating cash flow (excluding working capital) was higher by $2.8 million, at $10.5 million in H1 FY19. The company’s net debt stood at $103.5 million in H1 FY19 as against $98.4 million in H1 FY18, due to rise in working capital requirements and development costs.

PURE-Share price performance

Daily Chart as on 23-September-19, before the market closed (Source: Thomson Reuters)

On 23rd September 2019, while writing at 02:20 PM GMT, PureCircle Limited shares were clocking a current market price of GBX 151.6 per share. The company’s market capitalisation was at £314.75 million at the time of writing.

On 1st October 2018, the shares of PURE have touched a new peak of GBX 381 and reached the fresh lowest price level of GBX 129.80 on 23rd September 2019 in the last 52 weeks.

The shares of the company have delivered a negative return of 33.33 per cent in the last quarter. The company’s stock plunged by 33.53 per cent from start of the year to till date. The company’s stock has given investors 51.57 per cent of negative return in the last year. 

Seeing Machines Ltd

AIM-listed SEEING Machines Ltd (SEE) is a technology hardware & equipment company. It enables the machine to see, understand and assist people through Artificial Intelligence. Its shares are the constituents of the FTSE AIM All-share and FTSE AIM All-Share-Technology. The group is headquartered in Canberra, Australia. On December 2005, its shares got admitted to the AIM for trading.

SEE-Financial highlights for FY19

On 23rd September 2019, the company declared full-year results for the period ended 30th June 2019. The company’s revenue surged by 4 per cent to A$31.9 million in FY19 as against A$30.7 million in FY18. The Guardian revenue of the company stood at A$13.7 million in FY19. The guardian revenue doubled to A$9.5 million in H2 FY19 from A$4.2 million in H1 FY19. The company’s gross profit surged by 246 per cent to A$18.7 million in FY19 as against A$7.6 million in FY18. The company’s recurring revenue (annualised) stood at A$12 million at 30th June 2019. The company had cash balances of A$64.3 million as at 30th June 2019 as against A$42.8 million by the end of FY18.

SEE-Share price performance

Daily Chart as on 23-September-19, before the market closed (Source: Thomson Reuters)

On 23rd September 2019, while writing at 02:23 PM GMT, SEEING Machines Ltd shares were clocking a current market price of GBX 4.07 per share. The company’s market capitalisation was at £137.30 million at the time of writing.

On 1st October 2018, the shares of SEE have touched a new peak of GBX 8.17 and reached the lowest price level of GBX 2.85 on 5th July 2019 in the last 52 weeks.

The shares of the company have delivered a positive return of 27.50 per cent in the last quarter. The company’s stock plunged by 2.86 per cent from start of the year to till date. The company’s stock has given investors 37.61 per cent of negative return in the last year. 

ASA International Group PLC

British microfinance company, ASA International Group PLC (ASAI) is a provider of financial services with focus on small scale businesses. The company promotes women entrepreneurs with lesser income in multiple geographies such as West Africa, East Africa, South Asia and South East Asia.

ASAI-Financial highlights for H1 FY19

On 23rd September 2019, the company announced its interim results for period ended 30th June 2019. The company’s net profit stood at $16,133 thousand in H1 FY19 as against $8,519 thousand in H1 FY18. The company’s cost to income ratio was 61 per cent in H1 FY19 as against 54 per cent in H1 FY18. The company’s total assets surged to 517,884 in H1 FY19 as against 441,487 in H1 FY18. The company’s total number of clients surged to 2,313,305 in H1 FY19 as against 2,012,546 in H1 FY18. The company’s total number of branches surged to 1,812 in H1 FY19 as against 1,557 in H1 FY18. No dividend was announced during the period.

ASAI-Share price performance

Daily Chart as on 23-September-19, before the market closed (Source: Thomson Reuters)

On 23rd September 2019, while writing at 02:27 PM GMT, ASA International Group PLC shares were clocking a current market price of GBX 369 per share. The company’s market capitalisation was at £386.45 million at the time of writing.

On 17th October 2018, the shares of ASAI have touched a new peak of GBX 500.10 and reached the lowest price level of GBX 310 on 15th July 2019 in the last 52 weeks.

The shares of the company have delivered a positive return of 5.19 per cent in the last quarter. The company’s stock plunged by 8.18 per cent from start of the year to till date. The company’s stock has given investors 21.11 per cent of negative return in the last year. 

Brady PLC

UK-based Brady plc (BRY) is a software provider which facilitates trade and risk management in the commodity and energy markets globally. The company provides integrated solutions from financial trading to physical trading for various financial institutions and trading companies. In addition, the company also provides cloud and support services.

BRY-Financial highlights for H1 FY19

On 23rd September 2019, the company announced its interim results for period ended 30th June 2019. The company’s revenue was in accordance with the management’s expectations, at £9.5 million in H1 FY19 as against £10.5 million in H1 FY18. The company’s recurring revenue stood at £7.8 million for the period. The company’s overall gross margin (excluding exceptional items) was recorded at 53 per cent in H1 FY19 as against 51 per cent in H1 FY18. The company’s loss before taxation stood at £3.5 million in H1 FY19 as against £2.3 million in H1 FY18. The company’s basic loss per share was 3.94 pence in H1 FY19 as against basic loss per share of 2.77 pence in H1 FY18. The company’s cash balances (excluding bank overdrafts) were recorded at £1.9 million at 30th June 2019 as against £4.8 million by the end of H1FY18.

BRY-Share price performance

Daily Chart as on 23-September-19, before the market closed (Source: Thomson Reuters)

On 23rd September 2019, while writing at 02:30 PM GMT, Brady plc shares were clocking a current market price of GBX 25 per share. The company’s market capitalisation was at £23.01 million at the time of writing.

On 2nd October 2018, the shares of BRY have touched a new peak of GBX 67 and reached the lowest price level of GBX 25 on 23rd September 2019 in the last 52 weeks.

The shares of the company have delivered a negative return of 51.97 per cent in the last quarter. The company’s stock plunged by 57.36 per cent from start of the year to till date. The company’s stock has given investors 58.49 per cent of negative return in the last year. 

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