Reviewing LSE listed JLP & AVCT and Milan Stock Exchange listed NDT

  • Nov 16, 2019 GMT
  • Team Kalkine
Reviewing LSE listed JLP & AVCT and Milan Stock Exchange listed NDT

                

Jubilee Metals Group Plc

Jubilee Metals Group Plc is a United Kingdom domiciled mining, mineral exploration, development and metal extraction company. The company is particularly focussed on Platinum and Nickel with its resources and production facilities are located in South Africa and Australia.

The shares of the company have their listing on the London Stock Exchange in its Alternative Investment Market (AIM) segment. There the shares trade with the ticker name JLP.

Trading Update

The company on 14 November 2019 came out with its audited results for the year ended 30 June 2019.

  • The Group revenue earned by the company for the year increased strongly by 66.83 per cent, to stand at £ 23.59 million, in terms of South African Rand the revenues stood at ZAR 432.61 million. During the previous year the group revenues were £ 14.14 million and ZAR 245.53 million in terms of South African Rand.
  • During the financial year, the company earned a profit of £ 7.00 million, which is ZAR 128.28 million in terms of South African Rand. During 2018 the company had suffered a loss of £ 2.11 million equivalent to ZAR 36.72 million in terms of South African Rand. The company has earned a ROE of 10.50 per cent in FY19 in comparison to a negative return of 3.67 per cent during the previous year.
  • During the financial year the company delivered an earnings per share of 0.48 pence per share which is ZAR 8.75 cents in terms of South African Rand. During 2018 the company suffered a loss of 0.18 pence per share which is a loss of ZAR 3.05 cents per share in terms of South African Rand.
  • The Total project attributable earnings of the company for the year nearly doubled to stand at £ 9.87 million, which is ZAR 181.03 million in terms of South African Rand. During FY 2018 however the figure stood at £ 5.03 million which is equivalent to ZAR 86.80 million in terms of South African Rand.
  • The company’s operating profit for the year was up significantly to stand at £ 4.87 million which is ZAR 89.38 million in terms of South African Rand. During 2018, the company had earned an operating profit of £ 0.06 million which is ZAR 1.04 million in terms of South African Rand, with an operating margin of 20.64 per cent.

Performance at the London Stock Exchange

Price Chart as on 15 November 2019, after the market closed (Source: Thomson Reuters)

On 15 November 2019, JLP shares closed at GBX 4.125. The stock of the company has a 52-week High of GBX 4.900 and a 52-week low of GBX 2.03. The total market capitalization of the company at the time of writing this report was £76.53 million.

Outlook

The company for the year has given a sterling performance. The company has a number of projects in pipeline for the forthcoming year and is positive about the timely starting of operations of the same.

Avacta Group Plc

Avacta Group Plc is a United Kingdom domiciled Biotechnology company engaged in the research and development of novel therapeutics for the diagnosis and treatment of oncological ailments. The company has two therapeutic platforms- pre|CISIONTM tumour targeted chemotherapy and Affimer® biotherapeutics. The company’s R& D facilities are located in Cambridge United Kingdom.

The shares of the company have their listing on the London Stock Exchange in its Alternative Investment Market (AIM) segment. There the shares trade with the ticker name AVCT.

Trading Update

The company on 13 November 2019 came out with a trading update on the expansion of its partnership with LG Group of South Korea for its Affimer® therapeutic platform.

  • In the announcement the company has stated that it is about to enter into a pre-clinical development stage with its partner LG Chem Life Sciences (L G Chem). The successful completion of this stage would trigger the next phase of milestone payments from LG Chem to Avacta Group Plc.
  • It is worth mentioning here that the company has a commercial agreement with LG chem for the development and commercialization of its Affimer® therapeutic platform

Performance at the London Stock Exchange

Price Chart as on 15 November 2019, after the market closed (Source: Thomson Reuters)

On 15 November 2019, AVCT shares closed at GBX 20. The stock of the company has a 52-week High of GBX 50.00 and a 52-week low of GBX 15.00. The total market capitalization of the company at the time of writing this report was £35.19 million.

Outlook

The company’s agreement with LG Chem entails that after each milestone achievement a trench of milestone payment will follow. Such payments are crucial for the drug development companies.

Neodecortech S.p.A.

Neodecortech S.p.A. is a Filago, Italy domiciled manufacture of furnishing materials. The company manufactures wall papers, flooring rugs and a variety of similar materials for use in finishing use.  Apart from traditional materials its products also make use of polyvinyl chloride semi-rigid thermoplastic polymer film, melamine decorative materials and printed plastic films.

The GDRs of the company have their listing on the London Stock Exchange with ticker name 0DEQ. Shares of the company are listed on the Milan stock Exchange with the ticker name NDT.

Trading Update

The company on 11 November 2019 came out with a notice of share buyback programme that was approved by its shareholders on 30 April 2019 and resolved by the board on 30 May 2019.

  • The buyback was initiated on 8 November 2019 for a total of 2000 shares at a weighted average price of 40 amounting to a total value of 6,800.
  • Following the purchase, the company holds 52,000 treasury shares representing 0.397% of its issued share capital.

Performance at the Milan Stock Exchange

The stock of the company is actively traded on the Milan Stock Exchange and has a 52-week High of € 4.50 and a 52-week low of € 2.66. The total market capitalization of the company at the time of writing this report was €44.81 million.

Outlook

The company has been a constituent of AIM Italia for a while now and has been performing well. The shares of the company have been abuzz at the bourses lately as it had paid dividends for the first time in its history in 2018, raising speculations that it will repeat it during 2019 as well.

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