Result Updates From Key FTSE Stocks – Hochschild Mining Plc, Sunrise Resources Plc And Herald Investment Trust Plc

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Result Updates From Key FTSE Stocks – Hochschild Mining Plc, Sunrise Resources Plc And Herald Investment Trust Plc

 Result Updates From Key FTSE Stocks – Hochschild Mining Plc, Sunrise Resources Plc And Herald Investment Trust Plc
Hochschild Mining Plc

Hochschild Mining Plc (LON: HOC) is a precious metals and mining company based out of London, United Kingdom, whose primary business activities include the mining, processing and selling silver and gold.

HOC Preliminary Results 2019

In the morning of 19th February 2020, Hochschild Mining Plc announced the its preliminary results for the FY 2019 that ended on 31st December 2019. The company reported that the revenue for the period was up by 7 per cent and was reported to be at US $755.7 million as opposed to the FY 2018 revenue which stood at US $704.3 million. The Adjusted EBITDA for the period was highlighted to be up by 28 per cent year on year and was reported at US $343.3 million as opposed to US $268.0 million in FY 2018. Profit before income tax post the exceptional items increased by a 100 per cent, to be reported at US $76.8 million as opposed to US $38.4 million in FY 2018. Basic earnings per share post the exceptional items were reported to have increased 100 per cent to US $0.06 as compared to US $0.03 in FY 2018. The final dividend for the period was proposed to be at US Cents 2.335 per share.

HOC Stock Price Performance

(Source: Thomson Reuters) Daily Chart as on 19-February-20, before the closing of the LSE Market

As on 19th February 2020, at 12:30 P.M (Greenwich Mean Time), by the time of writing this report, the Hochschild Mining Plc Stock was trading at a price of GBX 174.20 per stock on the London Stock Exchange market, an increase in the value of 8.54 per cent or GBX 13.70 per stock, as opposed to the price of the stock on the previous trading day, which had been reported to be at GBX 160.50 per stock. At the time of writing this report, the market capitalisation of Hochschild Mining Plc has been reported to be at a value of GBP 830.10 million, with respect to the current trading price of the company’s share.

It has been reported that the Hochschild Mining Plc stock had lost around 13.16 per cent in value, in the last twelve months, since February 19, 2019, when the stock was trading at a price of GBX 200.60 per stock at the time of the close of the market. It has also been reported that the company’s stock has lost approximately 13.68 per cent, in the last six months, in comparison with the stock price of GBX 201.80 at the time of the close of the market as on August 19, 2019. Hochschild Mining Plc’s stock has been reported to have gained 0.69 per cent, in the previous thirty days from the stock price of GBX 173.00 per stock that the stock set as on January 20, 2020.

The beta of the stock of the company was reported at a value of 2.1935 at the time of writing. This indicates to the fact that the movement in the price of the stock, is more volatile, as opposed to the movement in the value of the comparative benchmark index.

Sunrise Resources Plc

Sunrise Resources Plc (LON: SRES) is a UK based mining company that is mainly involved in the exploration and extraction of diversified minerals from various parts of the United States of America.

SRES Final Results

The company reported its Final results for the year ended on 30th September 2019 on 19th February 2020. It has been highlighted that the group reported a loss for the period at £301,738 as opposed to a loss of £786,672 in FY 2018 after administration costs of £297,261 and after crediting interest receivable of £234 for the year. It has also been highlighted that the loss has included expensed pre-licence and reconnaissance exploration costs of £4,711 which were reported to be around £10,473 in FY 2018. As per the press release, the company also highlighted that the administration costs included an amount of £2,149 as non-cash costs for the value of certain share warrants held by employees of both Tertiary and Sunrise, complying to the requirement of the IFRS 2. Cash administration costs were reported at £295,112 during the period.

SRES Stock Price Performance

(Source: Thomson Reuters) Daily Chart as on 19-February-20, before the closing of the LSE Market

As on 19th February 2020, at 12:35 P.M (Greenwich Mean Time), by the time of writing this report, the Sunrise Resources Plc Stock was trading at a price of GBX 0.12201 per stock on the London Stock Exchange market, a decline in the value of 39.00 per cent or GBX 0.07799 per stock, as opposed to the price of the stock on the previous trading day, which had been reported to be at GBX 0.20 per stock. At the time of writing this report, the market capitalisation of Sunrise Resources Plc has been reported to be at a value of GBP 6.38 million, with respect to the current trading price of the company’s share.

It has been reported that the Sunrise Resources Plc stock had gained around 22.01 per cent in value, in the last twelve months, since February 19, 2019, when the stock was trading at a price of GBX 0.10 per stock at the time of the close of the market. It has also been reported that the company’s stock has gained approximately 28.43 per cent, in the last six months, in comparison with the stock price of GBX 0.0950 at the time of the close of the market as on August 19, 2019. Sunrise Resources Plc’s stock has been reported to have gained 6.10 per cent, in the previous thirty days from the stock price of GBX 0.1150 per stock that the stock set as on January 20, 2020.

The beta of the stock of the company was reported at a value of -0.4315 at the time of writing. This indicates to the fact that the movement in the price of the stock, is less volatile and inverse, as opposed to the movement in the value of the comparative benchmark index.

Herald Investment Trust Plc

Herald Investment Trust Plc (LON: HRI) is a London based Investment trust whose objective is to achieve capital gains by making investments in small capitalisation listed companies, especially in the technology, media and telecommunications domains.

HRI Annual Financial Report

In the morning of 19th February 2020, the company announced its annual results for the year ended on 31st December 2019. It was highlighted that the net asset value (NAV) of the Company as on 31st December 2019 was GBX 1668.10 per ordinary share, as opposed to the NAV on 31st December 2018 which was reported to be at GBX 1,307.90 per ordinary share. This indicated to an increase in the NAV of 27.5 per cent during the year. It was also reported that the company made a revenue profit of £31,000 as opposed to the revenue profit reported in FY 2018 which was at £58,000. Resulting in net earnings worth GBX 0.05 per share, as opposed to the net earnings achieved in FY 2018 of GBX 0.08 per ordinary share. For the period ended 31st December 2019, the board of the company did not propose any dividend.

HRI Stock Price Performance

(Source: Thomson Reuters) Daily Chart as on 19-February-20, before the closing of the LSE Market

As on 19th February 2020, at 12:40 P.M (Greenwich Mean Time), by the time of writing this report, the Herald Investment Trust Plc Stock was trading at a price of GBX 1490.40 per stock on the London Stock Exchange market, a decline in the value of 0.11 per cent or GBX 1.60 per stock, as opposed to the price of the stock on the previous trading day, which had been reported to be at GBX 1492.00 per stock. At the time of writing this report, the market capitalisation of Herald Investment Trust Plc has been reported to be at a value of GBP 1.002 billion, with respect to the current trading price of the company’s share.

It has been reported that the Herald Investment Trust Plc stock had gained around 22.67 per cent in value, in the last twelve months, since February 19, 2019, when the stock was trading at a price of GBX 1215.00 per stock at the time of the close of the market. It has also been reported that the company’s stock has gained approximately 16.44 per cent, in the last six months, in comparison with the stock price of GBX 1280.00 at the time of the close of the market as on August 19, 2019. Herald Investment Trust Plc’s stock has been reported to have lost 0.77 per cent, in the previous thirty days from the stock price of GBX 1502.00 per stock that the stock set as on January 20, 2020.

The beta of the stock of the company was reported at a value of 1.0033 at the time of writing. This indicates to the fact that the movement in the price of the stock, is slightly more volatile, as opposed to the movement in the value of the comparative benchmark index.

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