Moss Bross Group Plc
Moss Bross Group Plc (MOSB) is a 168-year-old United Kingdom-based company that is involved in providing formal wear for men through its retail business as well as through an online website. The company is also in the business of making the formal wear available for hire purchase. The company's products include suits, knitwear as well as other accessories that it provides in partnership with some of the most famous brands in the world. The company has three primary strategic goals: To grow the Moss Brand, to achieve multi-channel capability across all regions and to provide their customers with the best experiences in the context of formal clothing and accessories. Some of the famous brands that the company has partnered with are Hugo Boss, DKNY and French Connection.
MOSB Financial Performance (Half-year report for the 26 weeks ended 27th July 2019)
On 24th September 2019, the company announced its half-year report for the 26 weeks ended 27th July 2019. The company reported the total group revenue, excluding VAT, at £65.4 million in H1 2020, which was an increase of 1.4 per cent year on year from £64.4 million in H1 2019. The growth was primarily driven by the retail segment growth of 3.18 per cent year on year to £56.51 million, but in part was offset by the decline in revenue for the Hire segment. The company also reported that the online sales, across all the platforms, showed an increase of around 20 per cent, as compared to H1 2019, now representing approximately 15 per cent of the total group revenue. The company also reported that the EBITDA was at £11.36 million after the IFRS 16 impact in H1 2020. This was a significant 210 per cent increase as compared to £3.66 million in H1 2019. The company, after reporting a loss, has not recommended any dividend for the period, to provide future investment flexibility, and at the same time, has maintained a robust balance sheet without any debt.
MOSB Share Price Performance
On 24th September 2019, at 10:45 AM GMT, while writing, MOSB stock traded at GBX 20.32 per share; up by 5.70 per cent or GBX 1.09 per share in comparison with the previous day’s closing price at GBX 19.23 per share. While writing, Moss Bross Group Plc traded 14.48 per cent above its 52-low price of GBX 17.75, set on July 25, 2019. The company’s Market Capitalisation was around GBP 19.38 million.
Town Centre Securities Plc
Town Centre Securities Plc (LSE: TOWN) is a UK based property investment and development company, as well as a car parking operator. The company has a portfolio of properties worth £400 million across residential spaces, office spaces and commercial accommodation spaces, which deliver a yearly income of over £26 million. The group has built around 360,000 square feet of office space in prime areas and over 900,000 square feet of commercial accommodation, which also includes its parking operations. The company has a geographical stronghold in four major areas across the UK: Leeds, Manchester, Glasgow and London.
TOWN Financial Performance (Final results for the year ended 30th June 2019)
The company, in the final results announced on 24th September 2019 for the year ended 30th June 2019, reported a strong underlying performance with like for like Passing Rent increasing at 2.1 per cent. The company also reported that across its properties, the occupancy level reached 96 per cent, as compared to 95 per cent in 2018. The company reported that the exposure levels across the retail and leisure-based developments had gone down below 50 per cent, from 70 per cent that was reported in the year 2016. The company announced that due to various reasons, like investments made during the year and the short-term effect of retail CVA's, the EPRA Profit before tax had fallen to £6.4 million in 2019, a decline of 7.9 per cent year on year from £6.9 million in 2018. This flew into the EPRA earnings per share as well as they were down to GBX 12.00 per share in 2019, as compared to GBX 13.0 in 2018, a fall of 7.9 per cent year on year. In line with this steady performance, the company declared a dividend of GBX 11.75 per share, holding its record of either maintaining or improving the dividend every year for the last 59 years.
TOWN Share Performance
On 24th September 2019, at 11:15 AM GMT, while writing, TOWN stock traded at GBX 180.00 per share; up by 5.26 per cent or GBX 9.00 per share in comparison with the previous day’s closing price at GBX 171.00 per share. While writing, Town Centre Securities Plc traded 9.76 per cent above its 52-low price of GBX 164.00, set on September 23, 2019. The company’s Market Capitalisation was around GBP 90.75 million.
Close Brothers Group Plc
Close Brother Group Plc (CBG) is a leading United Kingdom Merchant banking group that provides deposits, lending, wealth management, customer finance and securities trading services in the UK. The Banking division of the company engages in providing lending to various industries with its specialised lending products to Aviation and Marine, Breweries, and property finances, while the consumer finance segment focus on lending to the retail customers. The Wealth Management division provides financial planning, education, retirement planning, as well as various other services. Through a part of the group winterflood, the company offers securities and research-based services to retail institutional investors, asset managers and brokers.
CBG Financial Performance (Preliminary results for the year ended 31st July 2019)
The group announced the preliminary results for the year ended 31st July 2019 on 24th September 2019, delivering robust performance with steady returns. The company reported a 3 per cent decline in adjusted operating profit at £270.5 million in 2019 from £278.6 million in 2018 due to a challenging environment for the market as well as continuing investments across all business divisions. The company also reported a 2 per cent decline in basic Earnings per Share (EPS) at GBX 133.5 per share in 2019, from GBX 136.2 in 2018. The board proposed an additional dividend of GBX 44.0 per share, which took the full-year dividend at GBX 66.0 per share, a 5 per cent increase from 2018's dividend at GBX 63.0 per share, to keep in line with the company’s progressive dividend policy as well as to provide a sustainable dividend growth.
CBG Share Performance
On 24th September 2019, at 11:54 AM GMT, while writing, CBG stock traded at GBX 1361.00 per share; a decline of 1.02 per cent or GBX 14.00 per share in comparison with the previous day’s closing price at GBX 1375.00 per share. While writing, Close Brother Group Plc traded 12.57 per cent above its 52-low price of GBX 1209.00, set on August 16, 2019. The company’s Market Capitalisation was around GBP 2081.78 million. The stock has plunged by 17.42 per cent in the previous one year from the price of GBX 1648.00 per share. The beta of the stock was at 0.5585, showing that the share price movement is less volatile compared to the benchmark market index.
Ten Entertainment Group Plc
Ten Entertainment Group Plc (TEG) is a Ten-pin bowling facility operating company in UK through its brand Tenpin. The Tenpin bowling facility has an end to end family entertainment solution that includes exclusive bowling alleys, and party packages that also include food and beverages for the entire family. Other than bowling, the group also has Laser Tag, NAMCO arcade games, Sing Dizzy Karaoke and other simulator games to keep each member of the group busy.
TEG Financial Performance (Half-year results for 26 weeks ended 30th June 2019)
The company reported its half-year results for 26 weeks ended 30th June 2019 on 24th September 2019. The company reported an impressive sales performance with sales pegged at £41.4 million in H1 2019, a 9.6 per cent growth from the sales in H1 2018 at £37.8 million. This has been principally driven by growth in footfall at the facilities by 5.8 per cent and also a marginal increase in the Spend per Head (SPH) to £14.89. The group adjusted EBITDA was reported at £11.2 million in H1 2019, an increase of 14.2 per cent from H1 2018 EBITDA at £9.8 million. The reported profit after tax (PAT) stood at £4.7 million in H1 2019, a jump of 22.1 per cent year on year from £3.8 million in H1 2018. In reflection of growth in sales and the profit, the company has declared an interim dividend of GBX 3.7 per share in H1 2019, as compared to the interim dividend in H1 2018 at GBX 3.3 per share, a jump of 12.1 per cent year on year. The interim dividend shall be paid on 3rd January 2020 with the ex-dividend date on 21st November 2019.
TEG Share Price Performance
On 24th September 2019, at 12:18 PM GMT, while writing, TEG stock traded at GBX 247.50 per share; up by 7.61 per cent or GBX 17.50 per share in comparison with the previous day’s closing price at GBX 230.00 per share. While writing, Ten Entertainment Group Plc traded 1.91 per cent below its 52-high price of GBX 252.31, set on July 16, 2019. The company’s Market Capitalisation was around GBP 149.50 million.
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