Recent Updates From Four FTSE 350 Stocks - JDW, ANTO, CBG & BRBY

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Recent Updates From Four FTSE 350 Stocks - JDW, ANTO, CBG & BRBY

 Recent Updates From Four FTSE 350 Stocks - JDW, ANTO, CBG & BRBY

J D Wetherspoon Plc

J D Wetherspoon Plc (LON: JDW) operates and owns pubs bar across Ireland and the United Kingdom. The company has a selection of 58 hotels across Ireland and the UK, which offers 1,239 rooms altogether. The company has employed 43,000 people at its different pubs and hotels. In the year 2019, the company celebrated its 40th birthday.

JDW - Business Update

On 22nd January 2020, the company declared second-quarter business updates.

For the first 12 weeks of the second quarter till 19th January 2020, the like for like sale increased by 4.7 per cent and total sale increased by 4.2 per cent. For the twenty-five weeks till 19th January 2020, the like-for-like sales increased by 5.0 per cent, and total sales increased by 4.9 per cent.

As per the company’s information, it has opened one new pub and has planned to open 10 to 15 new pubs in the coming time. It is anticipated that about £80 million will be paid in the year 2020 for new pubs and expansion of existing pubs.

The company has already paid £57 million for purchasing the freehold reversions of 18 pubs. However, the entire year reversion expenditure is expected to be £85 million in the year 2020 as compared to £77 million in the year 2019.

Since the year 2014, the company had spent £320 million on reversion. Additionally, since the buyback program started in 2003, the company has spent £516 million on purchasing and cancelling 53 per cent of its shares. The number of shares in issue decreased from 221.5 million to 104.7 million.

JDW – Share Price Performance

At the time of writing, on 22nd January 2020 as at 17:07 (GMT), the share price of JDW closed at GBX 1,563.0 per share on the London Stock Exchange, a downside of 2.01 per cent or GBX 32.0 per share, versus previous day’s closing price of GBX 1,595.0 per share. The company’s market capitalisation was reported at £1.64 billion at the time of writing. The free float and share outstanding of the JDW were reported at 66.88 million and 104.68 million, respectively.

JDW’s share price of GBX 1,734.0 as on 17th December 2019 was its 1-year peak price, whereas the share price of GBX 1,160.0 as on 23rd January 2019 was the 1-year low share price. The current share price was lower by 9.9 per cent from the 1-year high price, whereas it was higher by 34.74 per cent from the 1-year low price.

While writing, the beta of the JDW share was reported at 0.84, which shows low volatility as compared to the benchmark market index’s movement.

Antofagasta Plc

Antofagasta plc (LON: ANTO) is a Chile-based copper mining group with interests in transport as well. The company’s primary purpose is mining for a healthier future in an advanced, viable and inclusive manner.

ANTO – Production Report

On 22nd January 2020, the company announced the fourth quarter production report.

The company’s copper production was recorded at 770,000 tonnes, an increase of 6.2 per cent in the year 2019 as compared to the year 2018. The company recorded the highest production at, Centinela, Los Pelambres and Zaldívar.Â

The Group copper production in Q4 2019 was recorded at 185,500 tonnes, a decrease of 5.8 per cent from the last quarter, due to scheduled lower grades and maintenance at Centinela Concentrates. Also, there was an interruption of fuel supplies to Los Pelambres due to the strike at Antucoya and social unrest in Chile.

The gold production was recorded at 55,600 ounces in Q4 2019, whereas full-year production was recorded at 282,300 ounces, an increase of 34.4 per cent as compared to the previous year.Â

The molybdenum production was recorded at 2,300 tonnes during the 4th quarter of the year 2019 and 11,600 tonnes for the full year 2019, a decrease of 14.7 per cent as compared to the year 2018.

ANTO – Share Price Performance

At the time of writing, on 22nd January 2020 as at 16:50 (GMT), the share price of ANTO closed at GBX 907.00 per share on the London Stock Exchange, a downside of 4.53 per cent or GBX 43.0 per share, versus previous day’s closing price of GBX 950.0 per share. The company’s market capitalisation was reported at £8.88 billion at the time of writing. The free float and share outstanding of the ANTO were reported at 343.93 million and 985.86 million, respectively.

ANTO’s share price of GBX 1,026.0 as on 15th April 2019 was its 1-year peak price, whereas the share price of GBX 768.80 as on 03rd June 2019 was the 1-year low share price. The current share price was lower by 11.59 per cent from the 1-year high price, whereas it was higher by 17.97 per cent from the 1-year low price.

While writing, the beta of the ANTO share was reported at 1.39, which shows higher volatility as compared to the benchmark market index’s movement.

Close Brothers Group Plc

Close Brothers Group Plc (LON: CBG) is a prominent UK merchant banking group, which offers services like deposit-taking, lending, securities trading and wealth management. The company is listed on the London Stock Exchange and is included in FTSE 250. The company employs around 3,000 persons in the UK.

CBG – Trading Updates

On 22nd January 2020, the company issued its scheduled pre-close trading update before its 2020 half year-end results. The below results are related to ongoing operations over the five months to 31st December 2019.

In the Banking division, the company continued its focus on pricing, underwriting and long-term investment. The loan book remained broadly flat and increased by 0.4 per cent to £7.68 billion over the five months to 31st December 2019, as compared to £7.65 billion to 31st July 2019 with a minor drop in property, while Retail stayed broadly flat.

The net interest margin stood at 7.8 per cent in the reported period as compared to 7.9 per cent in the year 2019. While overall credit quality stayed strong, the bad debts rose marginally relative to historically low levels, with a bad debt ratio of 0.8% in the reported period as compared to the 0.6 per cent in the year 2019.

With encouraging market movements, managed assets improved to £12.6 billion at 31st December 2019 as compared to £11.7 billion as at 31st July 2019.

CBG – Share Price Performance

At the time of writing, on 22nd January 2020 as at 16:36 (GMT), the share price of CBG closed at GBX 1,490.0 per share on the London Stock Exchange, a downside of 4.91 per cent or GBX 77.0 per share, versus previous day’s closing price of GBX 1,567.0 per share. The company’s market capitalisation was reported at £2.25 billion at the time of writing. The free float and share outstanding of the CBG were reported at 149.05 million and 151.31 million, respectively.

CBG’s share price of GBX 1,663.0 as on 16th December 2019 was its 1-year peak price, whereas the share price of GBX 1,209.0 as on 16th August 2019 was the 1-year low share price. The current share price was lower by 10.40 per cent from the 1-year high price, whereas it was higher by 23.24 per cent from the 1-year low price.

While writing, the beta of the CBG share was stated at 0.62, which shows low volatility as compared to the benchmark market index’s movement.

Burberry Group Plc

Burberry Group plc (LON: BRBY) is a retailer, wholesaler and manufacturer of luxury products. In November 2017, the company announced its multi-year strategy to create its position strongly in luxury fashion, providing long-term sustainable value for investors.

BRBY – Trading Updates

On 22nd January 2020, the company announced the trading updates for 13 weeks ended 28th December 2019.

The retail revenue of the company increased by 1.12 per cent to £719 million in 13 weeks ended 28th December 2019 as compared to £711 million in 13 weeks ended 29th December 2018.

The sales at the comparable store increased by 3 per cent in 13 weeks ended 28th December 2019 as compared to 1 per cent in 13 weeks ended 29th December 2018.

BRBY – Share Price Performance

At the time of writing, on 22nd January 2020 as at 17:11 (GMT), the share price of BRBY closed at GBX 2,150.0 per share on the London Stock Exchange, a downside of 4.99 per cent or GBX 113.0 per share, versus previous day’s closing price of GBX 2,263.0 per share. The company’s market capitalisation was reported at £8.75 billion at the time of writing. The free float and share outstanding of the BRBY were reported at 403.78 million and 406.77million, respectively.

BRBY’s share price of GBX 2,362.0 as on 17th July 2019 was its 1-year peak price, whereas the share price of GBX 1,678.0 as on 04th June 2019 was the 1-year low share price. The current share price was lower by 8.97 per cent from the 1-year high price, whereas it was higher by 28.12 per cent from the 1-year low price.

While writing, the beta of the BRBY share was reported at 1.57, which shows high volatility as compared to the benchmark market index’s movement.

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