Review Of LSE listed Intu Properties Plc, Land Securities Group PLC and Seeing Machines LTD

Review Of LSE listed Intu Properties Plc, Land Securities Group PLC and Seeing Machines LTD
Intu Properties Plc

Intu Properties Plc is a United Kingdom domiciled Real estate investment trust (REIT). The company focuses on commercial shopping centre type properties and owns several such properties in United Kingdom and Spain.

The shares of the company have their listing on the London Stock Exchange in the main market segment. Its shares trade there with the ticker name INTU.

Trading Update

The company on 06 November 2019 came out with a trading update on its performance between the periods 1 July 2019 to 5 November 2019.

  • In the year to date period the footfall in the company’s shopping centers increased by 0.9 per cent in comparison to the corresponding period in 2018. In United Kingdom the footfall at the company’s centers were higher by 0.4 per cent, which is a significant performance compared to the Springboard footfall monitor for shopping centers which during the period was down by an average of 2.4 per cent. In Spain also there was a significant growth in footfall on the back of AliExpress’ presence at Intu Xanadú. Intu Xanadu recorded a footfall which was up by 20% in the first six weeks of opening.
  • Since the beginning of the year, Intu Watford registered an increase in footfall of 19 per following the introduction of an IMAX cinema, additional restaurants and new retail brands in the new extensions in space made at the centre, which has expanded the center’s catchment area.
  • During the period a footfall increase of 7 per cent has been recorded at Intu Lakeside following the opening of the leisure extension in summer.
  • The company during the period also settled 34 rent reviews with an average rent uplift of 4 per cent. In the Year to date period, the company also settled 135 rent reviews for new leases amounting to £40 million, having an uplift of 6 per cent on an average in comparison to previous leases.
  • During the year to date period, the company also inked 156 long-term leases valued at £19 million worth of annual rental earnings. On a net effective basis the rents for the period were in line with previous rentals.
Performance at the London Stock Exchange

Price Chart as on 06 November 2019, before the market close (Source: Thomson Reuters)

On 06 November 2019, at the time of writing the report (before the market close, GMT 1.24 PM), INTU shares were trading on the London Stock Exchange at GBX 32.51.

The stock of the company has a 52-week High of GBX 197.15 and a 52-week low of GBX 31.82. The total market capitalization of the company at the time of writing this report was £545.27 million.

Outlook

The letting activity of the company during the period had been sluggish on account of number of prospective clients postponing their letting decisions on account of the adverse political and economic climate prevailing in United Kingdom. The company however has been able to ink in a sizable number of new deals with prominent brands.

Land Securities Group PLC

Land Securities Group PLC is a United Kingdom Domiciled Real Estate Investment trust (REIT). The company has two business verticals Retail portfolio and London Portfolio. The retail portfolio division owns and rents space to commercial establishments like shopping centers, shops, hotels, leisure assets and other such businesses while not including assets in London. The company’s London Portfolio division owns space in London  and lends it for offices and shop use.

The shares of the company have their listing on the London Stock Exchange in the Main Market segment. The shares trade there under the ticker name LAND. The shares of the company also form part of the FTSE 100 index.

Result Release update

The company on 18 October 2019 came out with an update on the interim results release dates for the six-months period ending on  30 September 2019.

  • The announcement stated that the half-yearly results of the company for the six-month period ending on 30 September 2019 will be declared on 12 November 2019. The company will also host a presentation and conference call on the same day.
  • Along with the above the announcement also stated that the annual results of the full year ending on 31 March 2020 will be announced on Tuesday 12th of May 2020.
Performance at the London Stock Exchange

Price Chart as on 06 November 2019, before the market close (Source: Thomson Reuters)

On 06 November 2019, at the time of writing the report (before the market close, GMT 1.27 PM), LAND shares were trading on the London Stock Exchange at GBX 909.60.

The stock of the company has a 52-week High of GBX 983.20 and a 52-week low of GBX 731.80. The total market capitalization of the company at the time of writing this report was £6.80 billion.

Outlook

Given the macro economic environment prevailing in United Kingdom the six month period would have been challenging for the company. However, the company is expected to present a decent financial performance.

Seeing Machines LTD

Seeing Machines LTD is an Australian company in the AI (Artificial Intelligence) field. It provides AI (Artificial Intelligence) based driver safety solutions to its clients. The company’s products and services find applications in aviation, road safety, fleet guidance, Off-road and railways. Although incorporated in Australia, the company has its businesses spread across Europe, North America and South America in addition to Australia.

The company has its shares listed on the London Stock Exchange in the Alternative Investment Market (AIM) segment. There the shares trade under the ticker name SEE.

Business Update

The company on 06 November 2019 came out with a business update, ahead of its capital markets day being held in London on the day itself.

  • The company’s Automotive supply chain division has been able to renew a supply agreement with Xilinx of China for FOVIO Driver Monitoring Chip technology.
  • The company also achieved cost reduction for Guardian hardware following collaborative agreement with a manufacturer.

Performance at the London Stock Exchange

Price Chart as on 06 November 2019, before the market close (Source: Thomson Reuters)

On 06 November 2019, at the time of writing the report (before the market close, GMT 1.07 PM), SEE shares were trading on the London Stock Exchange at GBX 4.625.

The stock of the company has a 52-week High of GBX 6.1 and a 52-week low of GBX 2.85. The total market capitalization of the company at the time of writing this report was £155.64 million.

Outlook

The technology has the ability to improve safety and productivity wherever it is implemented. The current business advancement achieved during the six-month period go on to demonstrate how effective the technology of the company is and what its level of acceptance is with the end clients. The company is a long-term value creator for all stakeholders.

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