Recent Performance Updates Of Two Stocks: Proactis Holdings PLC and Goldplat PLC

  • Nov 01, 2019 GMT
  • Team Kalkine
Recent Performance Updates Of Two Stocks: Proactis Holdings PLC and Goldplat PLC
Proactis Holdings PLC

Proactis Holdings Plc (Identifier: PHD) is a Wetherby, United Kingdom-based Spend management and B2B eCommerce solutions provider, which engages in the development and sale of business software, installation and related services in the United Kingdom and internationally.

PHD-Financial highlights for FY19

On 31st October 2019, the company released its results for the fiscal year 2019 period ended 31st July 2019. The company signed total contract value of £11.3 million in the financial year 2019 as compared to £12.1 million in the financial year 2018 thereby bolstering revenue pipeline for future years. The company’s reported revenues surged by 4 per cent to £54.1 million in FY19 from £52.2 million in FY18. The company maintained its Annualised recurring revenue (ARR) at £44.3 million in FY19, which was at similar levels when compared to FY18. The company’s adjusted EBITDA was in line with expectations at £15.1 million in FY19 as compared with £17.3 million in FY18. The company’s adjusted EPS stood at 6.6 pence per share in FY19 as against 10.6 pence in FY18. The company’s loss before taxation was recorded at £25.8 million in FY19 as compared with profit before taxation of £3.8 million in FY18. The company’s net debt (bank) reduced to £36.5 million. The company’s net cash flow from operations was recorded at £11.9 million in FY19 as against £8.4 million in FY18.

The company has global footprint across member countries of the European Union, the United States and the United Kingdom. While the uncertainty due to Brexit cannot be ignored, the company believes that since it is not into import or export of goods and services across EU borders, the company shall be least impacted. The management of the company was pleased to observe significant debt reduction this fiscal; the company has been cash generative and profitable as well. The company seems to be well poised and looks forward to achieving growth sustainability over the approaching years.

PHD-Share price performance

(Source: Thomson Reuters)

On 1st November 2019, while writing at 08:18 AM GMT, Proactis Holdings Plc shares were clocking a current market price of GBX 51.50 per share, flat in comparison to the last traded price of the previous day. The company’s market capitalisation was at £49.20 million at the time of writing.

On 18th December 2018, the shares of PHD have touched a new peak of GBX 145 and reached the lowest price level of GBX 28.02 on 11th June 2019 in the last 52 weeks. The company’s shares were hovering at 64.48 per cent below the 52-week high price mark and 83.79 per cent above the 52-week low price mark at the current trading level as can be seen in the price chart.

The stock's 5-day average daily traded volume was 432,383.60; 30 days’ average daily traded volume- 259,605.97 and 90 days’ average daily traded volume – 555,223.93.

In the last quarter, the shares of the company have delivered a negative return of 4.63 per cent. The company’s stock plunged by 62.27 per cent from start of the year to till date. The company’s stock has given investors 58.13 per cent of negative return in the last year. 

Goldplat PLC

AIM-listed Goldplat PLC (Identifier: GDP) is involved in the production of gold and other precious metals, by processing of by-products. Major segments include - Recovery operations, Mining and exploration, and Administration. Its portfolio of assets consists of gold recovery operations in South Africa and Ghana, a gold mine in Kenya and exploration projects in Ghana and Burkina Faso. Key projects are Nyieme gold mining project, the Anumso gold mining project, and the Kilimapesa gold mining project.

GDP-Quarterly Update (as on 29th October 2019)

The company has announced an operational update for the three months ending 30 September 2019. The group’s continued production in South Africa was supported by the increase in the gold price during the reported period. The major focus was on cost optimization and enhanced operational efficiencies over the past year.

GDP-Financial Highlights for FY19

In the financial year 2019, the company’s reported revenue from continuing operations declined to £24,837 thousand as compared with that in the financial year 2018 of £33,796 thousand. For the year to 30 June 2019, the loss from operating activities stood at £501 thousand against the profit of £2,509 thousand in FY18. The loss for the year 2019 stood at £1,740 thousand versus the profit of £506 thousand in FY18. On 30th June 2019, the net cash position for the group stood at £1,808 thousand, an increase from that in the corresponding year-ago period at £1,539 thousand (as on 30th June 2019). However, the company faces some potential risks such as currency risk, credit risk, liquidity risk, interest rate risk and capital risk emanating from multinational operations.

The company acknowledges the cyclical nature of the recovery operations and the risks inherent in relying on short-term contracts for the supply of materials for processing, mainly in South Africa. These risks can be mitigated by enhancing the operational efficiencies and capacities to enable them to treat a broader range of lower grade materials, as well as by seeking materials in broader geographic regions.

The company reported a loss in its bottom-line in the financial year 2019. The company’s operations could be hampered by a recession in the economy and geopolitical changes which can lead to a decline in its financial performance.

An adverse movement in the commodity prices has the potential to negatively impact the profitability and economic viability of the company’s projects. Profitability margins were in the negative zone. The company operates in a challenging environment which requires continuous investment, sometimes at the cost of profitability, to stay ahead of its competitors.

GDP-Share price performance

(Source: Thomson Reuters)

On 1st November 2019, while writing at 08:24 AM GMT, Goldplat PLC shares were clocking a current market price of GBX 3.00 per share; which remained flat comparison to the last traded price of the previous day. The company’s market capitalisation was at £5.01 million at the time of writing.

On 01st November 2018, the shares of GDP have touched a new peak of GBX 4.45 and reached the lowest price level of GBX 2.08 on 12th June 2019 in the last 52 weeks. The company’s shares were hovering at 32.58 per cent below the 52-week high price mark and 44.23 per cent above the 52-week low price mark at the current trading level as can be seen in the price chart.

The stock's 5-day average daily traded volume of the company was 757,105.60; 30 days’ average daily traded volume- 374,087.83 and 90 days’ average daily traded volume – 379,038.39.

In the last quarter, the shares of the company have delivered a positive return of 1.69 per cent. The company’s stock plunged by 18.92 per cent from start of the year to till date. The company’s stock has given investors 32.58 per cent of negative return in the last year. 

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