Recent Updates on Three FTSE stocks – XP Power Ltd, Topps Tiles PLC and Cineworld Group PLC

Recent Updates on Three FTSE stocks – XP Power Ltd, Topps Tiles PLC and Cineworld Group PLC

XP Power Ltd

XP Power Limited (LON: XPP) is the UK-based company, which is a leading provider of products such as power solutions, including AC-DC power supplies, DC-DC converters, high voltage power supplies, EMI filters and RF power supplies. The product includes High efficiency/convection-cooled, chassis mount/open frame, configurable, external, encapsulated & printed circuit board mount, DIN rail, three Phase, baseplate-cooled, surface mount, light-emitting diode (LED) drivers and distributed power/hot-swap etc. The company has 32 sales office all over Europe, North America and Asia. The company supports the client in reducing the production and running costs of equipment that enable to gain a competitive advantage. The company is also assisting the customers in designing and building products within four target markets, i.e. industrial, semi fab, healthcare and technology.

Trading Highlights

On 10th October 2019, the company reported that the orders intake in the third quarter of 2019 had increased to £55.9 million as compared to £51.9 million in the same quarter in 2018. The revenue also increased to £53.8 million in the third quarter of 2019 as compared to £52.9 million in the third quarter of 2018.

Additionally, the company highlighted that the book to bill ratio increased to 1.04 in the third quarter of 2019 as compared to 0.98 in the third quarter of 2018.

 

(Source: LSE)

 

Financial Performance

On 1st August 2019, the company published a press release to announce Interim Results for the six months ended 30th June 2019. As per the report, the revenue stood at £98.9 million in H1 FY2019 as compared to £93.2 million in H1 FY2018, an increase of 6.1%. The Gross Margin declined to 44.6% in H1 FY2019 in comparison to 46.7% in H1 FY2018. Additionally, the adjusted profit before tax declined by 18.2% and stood at £16.6 million in H1 FY2019 as against £20.3 million in H1 FY2018.

The cash from operation increased by 59.4% in H1 FY2019 to £25.2 million as compared to £15.8 million in H1 FY2018, whereas diluted earnings per share stood at 52.8p in H1 FY2019 as compared to 74.9p in H1 FY2018, a decrease of 29.5%.

 

 (Source: LSE)

Share price performance

On 29th November 2019, while writing at 17:34GMT, XPP shares were clocking a current market price of GBX 2940.00 per share; which was higher by 0.34% as compared to the last traded price of the previous day. The company’s market capitalisation was at £563.58 million at the time of writing.

On 11th November 2019, the shares of XPP had touched a new peak of GBX 2970.0 and reached the lowest price level of GBX 1855.0 on 1st August 2019 in the last 52 weeks range. The company’s shares were trading at 1.01 per cent lower from the 52-week high price mark and 58.4 per cent higher than the 52-week low price mark at the current trading level.

The Beta was 0.89 at the time of writing which shows the volatility is low as compared with the index taken as the benchmark.

 

Topps Tiles PLC

Topps Tiles Plc (LON: TPT) is the UK-based leading specialist tile company, operating since 1963. The company is operating 365 stores in the UK with 1,500 experts. It provides a variety of tiles such as Bathroom Tiles, Kitchen tiles, floor tiles, wall tile, Natural stone, Mosaic Tiles, ceramic tiles, porcelain tiles, outdoor tiles, fireplace tiles and metro tiles etc. It operates in the online business segment too.

Trading Updates

In the fourth quarter ending 28th September 2019, the sales of the company decreased by 1.9% due to the challenging economic backdrop and uncertainty.

As on 26th November 2019, the company has also stated that in the first eight weeks of this financial year, retail like-for-like revenues decreased by 7.2% in 2019 as compared to a decrease of 1.9% in 2018.

  (Source: LSE)

Financial Performance

On 26th November 2019, the company published its annual result for the period ended 28th September 2019. The statutory revenue stood at £219.2 million in FY2019 as compared to £216.9 million in FY2018, an increase of 1.1%. The Statutory Gross Margin increased to 61.6% in FY2019 in contrast to 61.1 % in FY2018. The Statutory profit before tax stood at £12.5 million in FY2019 as against £12.7 million in FY2018, a decrease of 1.6%.

The net cash from the operation remained unchanged in FY2019 as of FY2018, whereas adjusted earnings per share stood at 6.61p in FY2019 as compared to 6.64p in FY2018, a decrease of 0.5%.

 

(Source: LSE)

Share price performance

On 29th November 2019, while writing at 17:37 GMT, TPT shares were clocking a current market price of GBX 75.40 per share; which was higher by 4.4% as compared to the last traded price of the previous day. The company’s market capitalisation was at £140.76 million at the time of writing.

On 12th April 2019, the shares of TPT had touched a new peak of GBX 85.0 and reached the lowest price level of GBX 57.32 on 26th November 2019 in the last 52 weeks range. The company’s shares were trading at 11.2 per cent lower from the 52-week high price mark and 31.5 per cent higher than the 52-week low price mark at the current trading level.

The Beta was 0.14 at the time of writing which shows the volatility is low as compared with the index taken as the benchmark.

Outlook

During FY2019, Commercial sales performance of the company was strong, with total revenues increasing by 133% to £4.9 million. During the FY2019, the company has launched 40 new product ranges and is planning to acquire Strata Tiles, which deals with commercial tile business.

Cineworld Group PLC

Cineworld Group plc (LON: CINE) is the UK based company which is one of the leading cinema groups in Europe. The company was founded in 1995 and is currently operating in 10 territories which includes the UK, Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania, Israel and the US. The company has become the second-largest cinema business in the world with over 9,518 screens and over 790 sites across countries after the acquisition of Regal Entertainment Group by the company.

News Updates

As on 15th November 2019, the company appointed Helen Weir as a member of the Audit Committee. Before joining the company, Helen was CFO at Marks and Spencer Group company from 2015 to 2018 and before that Helen worked as Group Finance Director at the John Lewis Partnership company from 2012 to 2014.

Financial Highlights (Result in US dollar)

As on 8th August 2019, the company published its interim result for the year ended 30th June 2019. The revenue stood to $2,151.2 million in H1 FY2019 as compared to $2,420 million in pro forma result of H1 FY2018, a decrease of 11.1%. The Adjusted EBITDA stood to $488.5 million in H1 FY2019 as against $553.8 million in H1 FY2018, a decrease of 11.8%. The statutory adjusted diluted earnings per share stood at 9.4 cents in H1 FY2019 as compared to 13.1 cents in H1 FY2018, a decrease of 28.2%. 

(Source: company Website)

Share price performance

On 29th November 2019, while writing at 17:39 GMT, CINE shares were clocking a current market price of GBX 206.60 per share; which was higher by 1.32% as compared to the last traded price of the previous day. The company’s market capitalisation was at £2.80 billion at the time of writing.

On 08th May 2019, the shares of CINE had touched a new peak of GBX 303.99 and reached the lowest price level of GBX 190.70 on 18th November 2019 in the last 52 weeks range. The company’s shares were trading at 32.0 per cent lower from the 52-week high price mark and 8.3 per cent higher than the 52-week low price mark at the current trading level.

The Beta was 0.71 at the time of writing which shows the volatility is low as compared with the index taken as the benchmark.

Outlook 

During the FY2019, the company announced new agreements with Barco and Christie to purchase over 2,000 laser projectors. The company has also opened 90 screens in USA, 22 displays in the UK and 12 in Bulgaria. The company expects to open further nine sites (86 Screens) in the USA by the end of 2019.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK