Review Of Two AIM Stocks: GRC International Group Plc & Fox Marble Holdings Plc

  • Dec 24, 2019 GMT
  • Team Kalkine
Review Of Two AIM Stocks: GRC International Group Plc & Fox Marble Holdings Plc
GRC International Group Plc

GRC International Group Plc (LON: GRC) is the UK based holding company which provides a variety of services and products for risk management, IT governance and fulfilment requirements of a company that provide them with the marketable necessities and standards meant for compliance. The company has its head office at the Cambridgeshire Business Park, England. Also, it has offices in Edinburgh and Drogheda, Eire which was opened in April 2017.

GRC -Financial Highlights

On 18th December 2019, the company announced its interim financial report for the six months ended 30th September 2019 through a press release.

The company’s total billings decreased to £7,163k in H1 FY2020 as compared to £8,814k in H1 FY2019, a change of 18.73 per cent. The training segment of revenue decreased £1,701k in H1 FY2020 as compared to £4,019k in H1 FY2019, a change of 57.67 per cent. The consultancy segment of revenue increased to £4,195k in H1 FY2020 as compared to £3,756k in H1 FY2019, a change of 11.68 per cent. The software & distribution segment of revenue increased to £1,199k in H1 FY2020 as compared to £1,139k in H1 FY2019, a change of 5.26 per cent.

(Sources: LSE)

The company’s gross profit fell by 22% to £4.0 million in H1 FY2020 as compared to £5.1 million of H1 FY2019. However, there was an upturn in gross margin to 59.4% in H1 FY2020 as compared to the previous half-yearly result of FY2020, which was reported to 55.8%.

The operating loss decreased to £2,148k in H1 FY2020 as compared to £2,174k in H1 FY2019. The loss before tax increased to £2,195k in H1 FY2020 as compared to £2,175k in H1 FY2019. The loss of financial period decreased to £2,173k in H1 FY2020 as compared to £2,175k in H1 FY2019.

The company’s basic and diluted loss per share decreased to 3.37 pence in H1 FY2020 as compared to 3.76 pence in H1 FY2019.

The company’s capital expenditure decreased to £0.6 million in FY2020 as compared to £1.5 million in FY2019. In contrast, the net cash decreased to £0.3 million in FY2020 as compared to £1.7 million in FY2019 and Borrowings (excluding both bank overdraft and lease obligations) increased £1.3 million in FY2020 as compared to £0.0 million in FY2019.

(Sources: LSE)

GRC - Share Price Performance

While writing the report on 24th December 2019, at 12:15 PM GMT, GRC share price was trading at GBX 12.25 per share on the London stock exchange, unchanged as of the previous closing.

On 18th Jan 2019, the company’s 52-week highest share price was GBX 118.0 per share, whereas, on 23rd December 2019, the company’s 52-week lowest share price was 12.25 per share. Today’s share price was down by 89.61 per cent from the 52-week’s highest price.

The market capitalisation of the company was GBP 7.90 million at the time writing. The share outstanding of the GRC was reported at 64.48 million, and the free float was reported at 13.72 million.

GRC - Outlook

Brexit clarity and improved macroeconomics will help the company to continue the decisive steps in FY2020. The tight cost control will also help in the revenue and EBITDA. The company has marked strong growth in the cybersecurity products and services this year.

Fox Marble Holdings Plc

Fox Marble Holdings Plc (LON: FOX) is a marble stone company which focuses on mine in North Macedonia and managing mines processes in Kosovo. The company was founded by Chris Gilbert and Dr Etrur Albani in 2011 to utilise high-quality marble and dolomitic limestone reserves in Kosovo. It is listed on the London Stock Exchange under Alternative investment market. The company has five mines under operational contract, and it completed its first processing facility in Kosovo.

FOX - News Updates

On 19th December 2019, the company announced that it issued in total 31.5 million new ordinary shares at a price of 2.65 pence per share in relation to a placing and settlement of director fees.

On 10th December 2019, the company announced the opening of a large office and showroom in Kosovo in the first month of 2020, where the company will show its materials in a specialised and appealing environment.

On 05th December 2019, the company released the news on signing the first contract for the handling of third-party units, which signifies an extra income source for the company.

FOX - Financial Highlights

On 30th September 2019, the company announced its interim financial report for the six months ended 30th June 2019 through a press release.

The company’s revenue increased to €1.0 million in H1 FY2019 as compared to €0.6 million of H1 FY2018. The company’s gross profit increased to €0.4 million in H1 FY2019 as compared to €0.2 million of H1 FY2018.

The operating loss decreased to €0.7 million in H1 FY2019 as compared to €1.0 million in H1 FY2018. The loss before tax increased to €0.83 million in H1 FY2019 as compared to €0.82 million in H1 FY2018. The loss of financial period also increased to €0.83 million in H1 FY2019 as compared to €0.82 million in H1 FY2018 because there was no tax charge in H1 FY2019.

The company’s basic and diluted loss per share decreased to a loss of 0.003 cents in H1 FY2019 as compared to a loss of 0.01 cents in H1 FY2018.

The company announced that investment made of €550k for Prilep Alpha mine which helped in the level of making and successful support in the transporting of raw material under the new trade agreements. The company further said that sale was high in the second half of FY2019 without any interruption in the production of tiles, steps and other bespoke materials etc. The company initiated a €195 million arbitration petition versus the Republic of Kosovo.

(Sources: LSE)

FOX - Share Price Performance

While writing the report on 24th December 2019, at 10:04 AM GMT, FOX share price was trading at GBX 2.0 per share on the LSE, down by 4.76 per cent or GBX 0.10 per share, as compared to the GBX 2.10 per share which was the previous day closing price.

The company’s 52-week highest share price was GBX 9.80 per share which was reported on 29th January 2019, whereas the company’s 52-week lowest share price was 1.85 per share, which was reported on 23rd December 2019. Today’s share price was down by 79.59 per cent from 52-week highest price, it was up by 8.10 per cent from the 52-week lowest price.

The market capitalisation of the company was GBP 4.88 million at the time of writing. The share outstanding of the RWI was reported at 231.15 million, and the free float was reported at 108.90 million.

The beta of the RWI share was 0.89 at the time of writing, which means it is less volatile as compared to the benchmark market index’s movement.

FOX- Outlook

The impact of the interruption of M3 Quarry in the Kosovo area is being covered by the improved concentration on the revenue of processed material from the company’s factory. The company is also witnessing surge in the sales pipeline all across the world. Also, the demand for marble in places such as Dubai, Cyprus and the Balkans has increased. Going further, Francisco Espinosa and Don Nicolson’s appointment would substantially help the senior management team's ability.

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