Reviewing LSE Listed M&G Plc, Wetherspoon Plc and Taylor Wimpey Plc

Reviewing LSE Listed M&G Plc, Wetherspoon Plc and Taylor Wimpey Plc

M&G Plc

M&G plc is a United Kingdom Domiciled investment solutions business providing advisory and investment products to individual and institutions to productively deploy their savings. The company operates under two business verticals with brand names Prudential and M&G Investments. The company has presence in United Kingdom, Continental Europe, North and South Americas, Africa, Asia and in Australia.

The shares of the company have their listing on the London Stock Exchange in the main market segment. There the shares trade with the ticker name MNG. The shares of the company also form part of the FTSE 100 Index

Trading Update

The company on 21 October 2019 came out with a trading update on the demerger of M&G from Prudential Plc and becoming a separate entity.

  • The update informed that M&G plc is now listed on the London Stock Exchange on the Premium segment of the main market. It is to be noted that Prudential Plc already has a premium listing on the main market segment of the London Stock Exchange.

Performance at the London Stock Exchange

Price Chart as on 13 November 2019, before the market close (Source: Thomson Reuters)

On 13 November 2019, at the time of writing the report (before market close, GMT 3.15 PM), MNG shares were trading on the London Stock Exchange at GBX 228.00.

The stock of the company has a 52-week High of GBX 230.8 and a 52-week low of GBX 201.20. The total market capitalization of the company at the time of writing this report was £5.95 billion.

Outlook

The demerger of both entities will place them more strongly to benefit from the unique advantages that they enjoy in United Kingdom and in continental Europe. The event will create more value for investors and other stakeholders of the company than what would have been created by the combined entity.

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J.D Wetherspoon Plc

J.D Wetherspoon Plc (JDW) is a United Kingdom domiciled owner and operator of pubs. The company was incorporated in the year 1979 and provides alcoholic and non-alcoholic drinks, food items and coffee at its pub outlets. The company’s portfolio of food items includes deli deals, small meals, pub classics, chicken and ribs, breakfast club, Sunday brunch, gourmet burgers and dogs, beef steak club, chicken club, curry club, sides, desserts, salads, pasta, pancakes and sausages among others. The company offers resale and beers of various brands in pints, spirits, craft cans and prosecco and sparkling rose.

The shares of the company have their listing on the London Stock Exchange in its main market segment. There the shares trade with the ticker name JDW. The shares of the company also form part of the FTSE 250 Index

Trading Update

The company on 13 November 2019 came out with a trading update on the performance of the company in the first quarter of 2020, for the 13-week period ending on 27 October 2019.

  • The company’s like-for-like sales for the quarter increased by 5.3 per cent and its total sales for the period increased by 5.6 per cent.
  • The company has been able to open one new pub since the start of the year and has disposed of four. During the year the company intends to open between 10 and 15 pubs.
  • The company during the quarter has also spent £43.3 million on buying the freeholds of pubs of which it was previously the tenant and has also repurchased £6.4 million worth of its own shares from the market.

Performance at the London Stock Exchange

Price Chart as on 13 November 2019, before the market close (Source: Thomson Reuters)

On 13 November 2019, at the time of writing the report (before market close, GMT 3.16 PM), JDW shares were trading on the London Stock Exchange at GBX 1562.00.

The stock of the company has a 52-week High of GBX 1645.20 and a 52-week low of GBX 1051.00. The total market capitalization of the company at the time of writing this report was £1.63 billion.

Outlook

The company has performed well in the previous year as well as in the first quarter of the current year. The company believes that there is going to be little impact on its prospects on account of Brexit. The management of the company is hopeful that it will be able to meet market expectations for the rest of the year.

Taylor Wimpey Plc

Taylor Wimpey Plc (TW.) is a Wycombe, United Kingdom domiciled leading residential housing developer and real estate company having a majority of its operations in the United Kingdom with a small operation in Spain as well. The company within the United Kingdom has 24 local offices as part of its construction business it builds a wide range of high-quality properties, within a broad price range. The operations of the company are categorised into four business segments segregated geographically, namely North, Central & South West, London & South East, and Spain.

The shares of the company have their listing on the London Stock Exchange in its main market segment. There the shares trade with the ticker name TW. Â The shares of the company also form part of the FTSE 100 Index

Trading Update

The company on 13 November 2019 came out with a trading update on the performance of the company for the year to date.

  • The company has seen a strong demand for houses so far in the second half of 2019 and it remains resilient despite the economic conditions in the country.
  • The company remains on track to deliver full-year results for 2019 as per its guidance and shall deliver on its commitment to return £610 million by way of total dividend to its shareholders in 2020.

Performance at the London Stock Exchange

Price Chart as on 13 November 2019, before the market close (Source: Thomson Reuters)

On 13 November 2019, at the time of writing the report (before market close, GMT 3.21 PM), TW. shares were trading on the London Stock Exchange at GBX 165.35.

The stock of the company has a 52-week High of GBX 180.51 and a 52-week low of GBX 119.72. The total market capitalization of the company at the time of writing this report was £5.45 billion.

Outlook

The company has been a good performer in comparison to its peers during these times of economic uncertainty prevailing in the United Kingdom. The demand for the company’s houses continues to rise unabated despite the headwinds in the rest of the sector. The management of the company is confident to deliver in the rest of year strongly.

 

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