Result Review Of Three FTSE 350 Stocks – Tullow Oil Plc, SSE Plc and British Land Company Plc

  • Nov 13, 2019 GMT
  • Team Kalkine
Result Review Of Three FTSE 350 Stocks – Tullow Oil Plc, SSE Plc and British Land Company Plc
Tullow Oil Plc

Tullow Oil Plc (TLW) is a London, the United Kingdom based, leading independent oil and gas company of Africa’s which works across all stages of the oil life cycle from exploration to production. The group is an Africa-focused oil group with operations across 15 countries and interests in 80 exploration and production licences. The group’s operations are differentiated in three geographical segments: East Africa, West Africa and New region ventures. In the West African segment, the company has projects in five countries namely Cote D’Ivoire (Ivory Coast), Equatorial Guinea, Gabon, Ghana and the United Kingdom, including 35 licenses and 28 producing fields producing 88,700 Barrels of oil equivalent per day in the first half of 2019. In the East African segment, the company has operations in two countries, namely Kenya and Uganda, with 15 licenses and 660 million barrels of oil equivalent worth of resources and reserves.

TLW Trading Statement

On 13th November 2019, the company made a press release providing a trading update for the period between 24th July 2019 and 13th November 2019. The company reported that the West Africa net oil production from Ghana and non-operated portfolio is estimated to be at an average 87,000 barrels of oil equivalent per day for the full year 2019. As per the company, this is marginally lesser than the previous estimates made by the company majorly because of Ghana’s production performance. The company also highlighted that the Full-year 2019 Capital Expenditure is estimated to be at US $540 million and free cash flow is estimated to be at US $350 million. The company also reported that the net debt would be around US $2.8 billion at the end of the period.  The company also updated that the Kenya project made its first cargo exports from the East African segment worth 240,000 barrels of oil from Mombasa.

TLW Stock Price Performance

Source: Thomson Reuters

On 13th November 2019, at 11:25 A.M GMT, while writing, Tullow Oil Plc’s stock price has been trading at GBX 161.50 per stock, a decrease of 21.08 per cent or GBX 43.40 per stock as compared to the previous day’s closing price, which has been reported at GBX 205.90 per stock. Tullow Oil Plc stock set a new 52 week low during the day's trading session when it reached GBX 159.15 per stock. Over this period, the stock price was down 16.15 per cent. This was also 36.59 per cent below the 52-week high price at GBX 254.71 per stock, which the company’s stock set on April 23, 2019. The Market Capitalisation of Tullow Oil Plc has been reported to be at GBP 2.894 billion.

SSE Plc

SSE Plc (SSE) is a Perth; the United Kingdom based Electricity company that is in the business of the production, distribution and supply of electricity and gas across four million homes and businesses in Great Britain and Ireland. The company is also involved in other similar energy-related businesses. The company’s important objective is to leave a low carbon footprint because of which, it significantly invests in renewable projects through its subsidiary called SSE Renewables. The company also has Thermal Energy projects, which, the company believes, will play an important role in achieving its low carbon footprint objective.

SSE Financial Performance

On 13th November 2019, the announced its interim results for the six months ended 30th September 2019. The company highlighted that its Adjusted operating profit increased by 14 per cent year on year to £491.9 million in the period ended 30th September 2019. The company also reported that the adjusted profit before tax from continuing operations increased by 15 per cent year on year to £263.4 million in the reporting period. It was highlighted that the Adjusted earnings per share were up by 10 per cent year on year to GBX 18.00 per share. The company also declared a dividend of GBX 24.00 per share, 18 per cent year on year decline as compared to the same period in the previous year.

SSE Stock Price Performance

Source: Thomson Reuters

On 13th November 2019, at 11:15 A.M GMT, while writing, SSE Plc’s stock price has been reported to be trading at GBX 1319.5 per stock, an increase of 2.29 per cent or GBX 29.50 per stock as compared to the previous day’s closing price, which has been reported at GBX 1290.00 per stock. At the time of writing, the SSE Plc stock price has been reported to be trading 32.24 per cent above the 52-week low stock price, which was at GBX 997.8, set on May 23, 2019. SSE Plc set a new 52 week high during the day's trading session when it reached GBX 1,335.00 per stock. Over this period, the stock price was up 10.79 per cent. The Market Capitalisation of SSE Plc has been reported to be at GBP 13.356 billion.

While writing, 920,250 of the company’s stocks had been traded in the market. The average volume of trading for each day, for the previous one year in the market, was 2.83 million stocks. The stock has reportedly shown an upward change of 16.61 per cent in value in the last one year, from the price of GBX 1131.50 per stock. There also has been an upward change in the last six months in the value of SSE Plc’s stock of around 18.34 per cent from the stock price of GBX 1115.00 per stock. SSE Plc’s stock has also reportedly gained 2.96 per cent in value in the last one month from the price of GBX 1281.50 per stock.

The beta of the SSE Plc’s stock has been reported to be at 0.62. This means that the company’s stock price movement is less volatile in its trend, as compared to the benchmark market index’s movement.

British Land Company Plc

British Land Company Plc (BLND) is a London, the United Kingdom based organisation that is engaged in the real estate business with a focus on commercial properties, including prestigious retail and office space. It owns, develops and manages mixed-use properties. Its portfolio of properties includes retail, leisure, residential and office.

BLND Financial Performance

On 13th November 2019, the company made a press release in which it announced its half-year results for the six months ended 30th September 2019. The company reported that the underlying Earnings Per Share declined by 6.4 per cent year on year to GBX 16.1 per share post £1.2 billion of sales since April 2018, in part offset by buybacks contributing GBX 0.5 per share. The company also highlighted that the portfolio value was down by 4.3 per cent with the Retail portfolio of the company declining by 10.7 per cent, the commercial offices’ portfolio was on a rise of 0.4 per cent, while the developments portfolio showed an increase of 4.6 per cent. The board declared an interim dividend of GBX 15.97 per share, an increase of 3.0 per cent year on year.

BLND Stock Price Performance

Source: Thomson Reuters

On 13th November 2019, at 11:00 A.M GMT, while writing, British Land Company Plc’s stock price has been reported to be trading at GBX 556.2 per stock, a decrease of 3.30 per cent or GBX 19.00 per stock as compared to the previous day’s closing price, which has been reported  at GBX 575.20 per stock. At the time of writing, the British Land Company Plc stock price has been reported to be trading 19.54 per cent above the 52-week low stock price, which was at GBX 465.30 per stock, set on August 15, 2019. This was also 14.35 per cent below the 52-week high price at GBX 649.40 per stock, which the company’s stock set on October 22, 2019. The Market Capitalisation of British Land Company Plc has been reported to be at GBP 5.329 billion.

While writing, 981,150 of the company’s stocks had been traded in the market. The average volume of trading for each day, for the previous one year in the market, was 3.55 million stocks. The stock has reportedly shown a downward change of 10.29 per cent in value in the last one year, from the price of GBX 620.00 per stock. There also has been a downward change in the last six months in the value of British Land Company Plc’s stock of around 1.31 per cent from the stock price of GBX 563.60 per stock. British Land Company Plc’s stock has also reportedly lost 5.856 per cent in value in the last one month from the price of GBX 590.80 per stock.

The beta of the British Land Company Plc’s stock has been reported to be at 0.84. This means that the company’s stock price movement is less volatile in its trend, as compared to the benchmark market index’s movement.

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