Spotlight On UKW, GAW, GNK, PZC, and JUP

Spotlight On UKW, GAW, GNK, PZC, and JUP

Greencoat UK Wind Plc

Greencoat UK Wind Plc (UKW), a renewable infrastructure fund has the main objective to invest in operating the UK wind farms and preserve capital on a real-time basis. The company reinvests plentiful of cashflows in operating extra UK wind farms. The company also invests in income-producing wind farms, offshore as well as onshore.

Dividend

The company announced a quarterly dividend of 1.735 pence per share for the quarter ended June 30, 2019. The Ex-dividend date is 08 August 2019, while the dividend will be paid on 23 August 2019.

Financial Highlights for H1 Financial Year 2019 ended June 30, 2019

On July 26, 2019, the company released its interim results for H1 Financial Year 2019. In the first half of the financial year ending 30th June 2019, the company’s return on investments declined by 46.89 per cent to £40,077 thousand as compared to £75,471 thousand in H1 FY2018. The company’s total income and gains for the H1 FY2019 were £40,528 thousand as compared to £75,845 thousand in corresponding previous half- year period.

The company’s operating profit was reported at £28,572 thousand in H1 FY2019 as compared to £67,426 thousand in H1 FY2018. The company’s PBT (Profit before tax) declined by £45,183 thousand to £16,658 thousand as compared to £61,841 thousand in H1 FY2018. The company’s PAT (Profit after income tax) stood at £16,658 thousand in H1 FY2019 against £62,000 thousand in H1 FY2018. The basic and diluted earnings per share were reported at 1.34 pence in H1 FY2019 against 5.90 pence in H1 FY2018.

The company’s dividend payout was 1.735 pence per share with respect to the quarter ended June 30, 2019. The total dividend paid by the company was 3.47 pence per share for the period that ended June 30, 2019. The company’s unaudited NAV stood at £1,868.1 million at the end of H1 FY2019, which implies that NAV per share stood at 123.2 pence at the end of the same period.

The company’s performance for the first half of the financial year 2019 witnessed a significant decline. Both revenue and profit performance was weak for the period.

During H1 FY2019 the company made three significant investments, including wind farms in Dunmaglass and Stronelairg (£452 million) and in Tom nan Clach (£145 million).  The company’s new investment in Tom nan Clach helped in improving the company’s energy generation capacity.

Greencoat UK Wind Plc Share Price-performance

Daily Chart as at 08-August-19, before the market close (Source: Thomson Reuters)

On 8th August 2019, at the time of writing (before the market close, GMT 02:33 PM), UKW shares were trading at GBX 137.73, down by 0.05 per cent against the previous day’s closing price. Stock's 52- week High and Low is GBX 143.60 /GBX 122.45.

 Games Workshop Group PLC

Games Workshop Group Plc (GAW) is a miniature wargame product manufacturing company. The company is engaged in designing, manufacturing and distribution of fantasy miniatures, metal soldiers and rulebooks. Its products include Warhammer age of Sigmar, Warhammer 40,000, the Hobbit, scenery, painting and modelling products, and books and digital products. The company offers its products through its chain of hobby centres, independent toy and hobby shops; independent retailers; and through Internet and mail orders.

Dividend

The company recently announced a quarterly dividend of 30 pence per share. The Ex-dividend date is 08 August 2019, while the dividend will be paid on 13 September 2019.

Financial highlights for FY19

The company’s revenues stood at £256,574 thousand in FY19 as against £221,304 thousand in FY18. The company’s operating profit stood at £81,199 thousand in FY19 as against £74,319 thousand in FY18. The company’s PBT (profit before taxation) stood at £ 81,296 thousand in FY19 as against £74,270 thousand in FY18. The company’s cash generated (operations) was recorded at £88,776 thousand in FY19 as against £82,332 thousand in FY18. The company’s annual dividend stood at 155 pence per share in FY19 as against 126 pence per share in FY18.

GAW Share Price performance

Daily Chart as at 08-August-19, before the market close (Source: Thomson Reuters)

On 8th August 2019, at the time of writing (before the market close, GMT 02:32 PM), GAW shares were trading at GBX 4,698, up by 0.72 per cent against the previous day’s closing price. Stock's 52- week High and Low are GBX 5,160.00 /GBX 2,760.00.

Greene King PLC

Greene King Plc (GNK) is a Bury St Edmunds, United Kingdom-based company and a leading pub brewer and retailer. The group owns and operates 2,900 pubs, hotels and restaurants across the UK.  The company is known for its rich heritage of over 200 years in providing hospitality services. The company has divided its operations into three reportable segments being Pub Company, Brewing & Brands and Pub Partners.

Dividend

The company recently announced an interim dividend of 24.4 pence per share. The Ex-dividend date is 08 August 2019, while the dividend will be paid on 13 September 2019.

Financial Highlights for FY2019 (£, million)

The company’s total reported revenues increased by 1.8 per cent to £2,216.9 million as compared £2,176.7 million in the financial year 2018. The gains were due to an increase in pub company and brewing & brands segments. Group’s EBITDA reduced by 0.9% to £482 million against the £486.6 million in FY18. Statutory profit before tax declined by 12.5 per cent to £172.8 million as compared with the corresponding period of the previous year, while adjusted profit before tax rose to £246.9 millionBasic earnings per share stood at 38.9 pence, a decrease of 34.2 per cent against the 59.1 pence in FY18. Adjusted basic EPS stood at 64.5 pence. Dividend per share was 33.2 pence and remained flat against the previous year. The group continued to be highly cash generative with a free cash flow of £86.1 million, after funding core capital expenditure of £119.1 million and dividend payments of £102.9 million.

GNK Share Price-performance

Daily Chart as at 08-August-19, before the market close (Source: Thomson Reuters)

On 8th August 2019, at the time of writing (before the market close, GMT 02:30 PM), GNK shares were trading at GBX 567.9, down by 4.93 per cent against the previous day’s closing price. Stock's 52- week High and Low are GBX 705.85 /GBX 466.68.

PZ Cussons Plc

PZ Cussons Plc (PZC) is a consumer products company with more than 130 years of history and expertise. The company is known for its innovation and has created some of the world’s best brands, which include Imperial Leather, Cussons Baby, Morning Fresh and St. Tropez. The company’s operations are divided into four categories being Home Care, Personal Care & Beauty, Electricals and Food & Nutrition. The company has an employee base of more than 5000 professionals catering to the needs of its customers across Africa, Asia, North America and Europe.

Dividend

The company recently announced an interim dividend of 5.61 pence per share. The Ex-dividend date is 08 August 2019, while the dividend will be paid on 03 October 2019.

Financial Highlights for Financial Year 2019 (£, million)

For the financial year ending 31st May 2019, the company’s revenues plunged by 6.8% to £689.4 million as against £739.8 million in FY2018. The decline in revenues were reflected by unfavourable market conditions in the Africa region. The company’s Adjusted operating profit plunged by 10.7% to £76.5 million in FY2019 against £85.7 million in FY2018. In the Financial year 2019, the company’s reported operating profit stood at £43.7 million as against £64.8 million in FY2018. In the Financial year 2019, the company’s adjusted PBT (Profit before tax) was reported at £69.8 million as against £80.1 million in FY2018. The company’s reported PBT (Profit before tax) declined by 37.5 per cent to £37 million in FY2019 from £59.2 million in FY2018. The reported profit for the year was £25.8 million in FY2019 versus £41.4 million in FY18.

The company’s reported basic and diluted earnings per share for the FY2019 was down by 35.2 per cent to 6.24 pence from 9.63 pence in FY2018. For  FY2019, the company’s total dividend per share was 8.28 pence, and Net Debt stood at £152.2 million. 

PZC Share Price performance

Daily Chart as at 08-August-19, before the market close (Source: Thomson Reuters)

On 8th August 2019, at the time of writing (before the market close, GMT 02:29 PM), PZC shares were trading at GBX 208.5, down by 2.57 per cent against the previous day closing price. Stock's 52 weeks High and Low are GBX 244.29 /GBX 175.00.

 Jupiter Fund Management PLC

Jupiter Fund Management Plc (JUP) is a financial service provider that offers management of medium- and long-term investments. The company provides management of equity investments for retail, institutional and private investors.

Dividend

The company recently announced an interim dividend of 7.9 pence per share. The Ex-dividend date is 08 August 2019, while the dividend will be paid on 28 August 2019.

Financial highlights for H1 FY19

The company’s net revenues stood at £190.8 million (down by 11 per cent) in H1 FY19 as against £214.8 million in H1 FY18, due to lower average assets under management and reduction in fees. The company’s PBT plunged by 16 per cent to £81.4 million in H1 FY19 as against £96.5 million in H1 FY18 due to lesser revenues from lower average AUM.  The company’s EPS stood at 15.1 pence per share in H1 FY19 as against 17.3 pence in H1 FY18. The dividend was 7.9 pence per share in H1 FY19, same as in H1 FY18.

JUP Share Price-performance

Daily Chart as at 08-August-19, before the market close (Source: Thomson Reuters)

On 8th August 2019, at the time of writing (before the market close, GMT 02:27 PM), JUP shares were trading at GBX 342, lower by 1.66 per cent against the previous day’s closing price. Stock's 52- week High and Low prices are GBX 435.00 /GBX 265.54.

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