Review Of LSE listed Future Plc, Petra Diamonds Limited and XPS Pensions Group Plc

  • Nov 01, 2019 GMT
  • Team Kalkine
Review Of LSE listed Future Plc, Petra Diamonds Limited and XPS Pensions Group Plc

Future Plc

Future Plc is a United Kingdom domiciled media and publication company. The company publishes fifty magazines in subjects like photography, video games, music, films, technology, home improvement and knowledge. The company owns 132 brands and also provides services in Advertising solutions, event management, e-commerce, digital licensing and audience insights.

The company has three subsidiaries, namely Future US, Future Publishing and Future Australia. In the year 2019, the company acquired two companies; SmartBrief Inc and Mobile Nations LLC.

The shares of the company have their listing on the main market segment of the London Stock Exchange where they trade using the ticker name FUTR. The stock of the company is a component of the FTSE 250 Index.

Placement of Shares

The company on 31 October 2019 came out with a release regarding the successful Placement of its shares which had commenced on 30 October 2019.

  • The company has placed 8,184,906 new ordinary shares (the Placing Shares) by brokers Nplus1 Singer Capital Markets Limited (N+1 Singer) and Numis Securities Limited (Numis Securities or Numis), (together, the Joint Bookrunners) with the existing and new institutional investors, raising approximately a gross amount of £104.4 million, at a price of 1,275 pence per Placing Share.
  • The Placement Shares make up about 9.6 per cent of its total issued ordinary share capital prior to the current placement. The placement price of 1,275 pence per Placement Share is at a discount of 6.25 per cent over the closing price of 30 October 2019 (the latest closing price prior to the date of announcement).
  • Application has been made to the Financial Conduct Authority for admission of the Placing Shares to the premium listing segment of the Official List of the Financial Conduct Authority and to London Stock Exchange Plc for admission to trading of the Placing Shares on its main market for listed securities (together, "Admission") and admission is expected to take place at or around 8.00 a.m. on 04 November 2019 (or such later date as may be agreed between the company and the Joint Bookrunners) and that dealings in the Placing Shares will commence at the same time.

Price Performance at the London Stock Exchange

Price Chart as on 01 November 2019, before the market close (Source: Thomson Reuters)

On 01 November 2019, at the time of writing the report (before the market close, GMT 8.56 a.m.), FUTR shares were trading on the London Stock Exchange at GBX 1524.00.

The stock of the company has a 52-week High of GBX 1566.00 and a 52-week low of GBX 414.00. The total market capitalisation of the company at the time of writing this report was £1.29 billion.

Outlook

The present placement of shares follows the acquisition of SmartBrief Inc and Mobile Nation LLC by the company earlier this year. The company could very well be looking at more acquisitions in the near future.

Petra Diamonds Limited

Petra Diamonds Limited is a United Kingdom domiciled mining company with an interest in diamond and is also a leading supplier of rough diamonds of gem quality to the international market. The company has a diversified portfolio of mining interests in one open pit producing mine by name Williamson in Tanzania and three underground producing mines of Cullinan, Koffiefontein and Finsch in South Africa. The company also has exploration programs running in Botswana and rest of South Africa but to a limited extent.

The company has a very large resource base of around 250 million carats, which can support operations for a very long time. The company’s strategy is to bank on the high value of output in place of volume of production by optimising on quality recoveries from its high-quality resource and maximise its profitability and efficiency.

The company’s operations are carried out as per the topmost benchmarks of ethical practices, and it only operates in countries who are members of the Kimberley Process. The company aims at contributing to the socio-economic development of its host countries and supporting long-term sustainable operations to generate tangible value for all of its stakeholders, especially its employees, partners and shareholders.

The company's shares have a premium listing on the Main Market segment of the London Stock Exchange where they trade using the ticker name PDL. The company's loan notes of US$650 million which are due in 2022 have their listing on the Irish Stock Exchange.

News update

The company on 30 October 2019 came out with a release with the information that there has been a scaling of the open pit wall at its Cullinan mine on 28 October 2019.

  • Following a thunderstorm that occurred on the last Saturday of this month, that is on 26th of October 2019, a scaling at the open pit sidewall at the Cullinan mine site took place over the weekend prior to and on Monday 28th of October 2019. The scaling took place alongside the geological impressions with nearly 3 million tons of debris dropping into the open pit.
  • A team of underground ventilation experts and proto team members oversaw an inspection of the underground shafts and pronounced the mine as safe for operations, with the effect that mining operations in the underground facilities resumed by the evening of Monday 28th of October 2019.
  • Immediately following the incident consultations were held with the Department of Mineral Resources (DMR), the local community and the labour unions, with a number of ensuing actions agreed upon.

Price Performance at the London Stock Exchange

Price Chart as on 01 November 2019, before the market close (Source: Thomson Reuters)

On 01 November 2019, at the time of writing the report (before the market close, GMT 8.56 a.m.), PDL shares were trading on the London Stock Exchange at GBX 8.843.

The stock of the company has a 52-week High of GBX 46.42 and a 52-week low of GBX 6.18. The total market capitalisation of the Company at the time of writing this report was £73.34 million.

Outlook

The scaling incident will not have any impact on the production process at the site, but the company is taking all requisite measures to address the safety of the adjacent mining areas adequately.

XPS Pensions Group Plc

XPS Pensions Group Plc is one of the biggest pure pensions consulting company domiciled in the United Kingdom. The company specializes in pension actuarial & consulting services and investment consulting and pensions administration services. The company's operations are an amalgamation of expertise, insight and technology which adequately satisfies all the needs of both pension trustees and their sponsoring companies covering more than 1,200 pension schemes on a continuing as well as on-a-project basis. The company's total pension assets under advice is around £19 billion and the company also undertakes pension administration of more than 870,000 scheme members.

The shares of the company have a listing on the London Stock Exchange in the main market segment where trading in the shares take place under the ticker name XPS.

Trading Update

The company on 24 October 2019 came out with a trading update ahead of its interim results for the six-month period ended 30 September 2019 to be reported on 28 November 2019.

  • The total revenues of the company continue to grow at the rate of 8 per cent, year on year.
  • The Pensions Administration business vertical of the company grew by 19 per cent for the period, while the Pensions Investment business vertical grew by 11 per cent.

Price Performance at the London Stock Exchange

Price Chart as on 01 November 2019, before the market close (Source: Thomson Reuters)

On 01 November 2019, at the time of writing the report (before the market close, GMT 8.45 a.m.), XPS shares were trading on the London Stock Exchange at GBX 124.00.

The stock of the company has a 52-week High of GBX 174.00 and a 52-week low of GBX 90.72. The total market capitalisation of the company at the time of writing this report was £254.88 million.

Outlook

Based on the Group's first-half performance, the management anticipates that the results for the full year will be in-line with the current market consensus.

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