LSE shares to watch today: Scottish Mortgage, Kier, 88E, UKOG, Barratts

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LSE shares to watch today: Scottish Mortgage, Kier, 88E, UKOG, Barratts

 LSE shares to watch today: Scottish Mortgage, Kier, 88E, UKOG, Barratts
Image source: Phongphan, Shutterstock.com

Highlights 

  • The UK stock market witnessed a sharp decline on Monday due to crises in the UK energy market.
  • The gas supply crunch in the UK could have been avoided if the UK government had been quick in adopting renewable energy and low carbon heating solution.

UK stock market declined on Monday, and the FTSE 100 witnessed its lowest levels since July 2021. The stock market fall was primarily due to crises in the UK energy market. As per industry experts, the gas supply crunch in the UK could have been avoided if the UK government had been quick in adopting alternative solutions like renewable energy and low carbon heating.

International fossil fuel prices have always been subject to volatility and price fluctuation. However, switching to cheap renewables like hydrogen and other low carbon technologies reduces the impact of fossil fuel prices rise as renewables prices are not linked to market-related problems. The shift towards renewables could help the government in the long run and will also reduce the UK exposure to international gas prices and avoid a stock market crash like yesterday.

Let us look at 5 FTSE listed stocks from varied industries that are buzzing today:   

Scottish Mortgage Investment Trust Plc (LON: SMT)

The company manages the closed-ended equity mutual fund, which is co-managed by Baillie Gifford & Co Ltd. The company invest in various publicly traded companies across the globe.

The company actively invest in different companies listed on various stock exchange globally with proper risk management to maximise the shareholder returns. The investment trust manages gross assets of over £20.7 billion. As a result, the company has given excellent returns to its shareholders. In the last five years, the stock’s total return is over 400%.

Scottish Mortgage Investment Trust Plc trade at GBX 1,389.5, up by 1.13% on 21 September at 9:20 am GMT+1 with a market cap of £19,386 million.

Barratt Development Plc (LON: BDEV)

The company engages in the real estate market, developing residential and commercial properties across the United Kingdom.

The company witnessed strong demand for residential properties due to a surge in the UK housing market and stamp duty holidays. As a result, the company delivered a total of 17,243 homes to buyers in the financial year ended 30 June 2021. The company has a positive outlook in FY22 due to a strong forward order book and well-capitalised balance sheet, which will help the company overcome pandemic like situations in the future and deliver higher profitability.

Barratt Development Plc shares trade at GBX 682.20, up by 0.89% on 21 September at 9:20 am GMT+1 with a market cap of £6,894.30 million.

Related Read: Which housing stock to buy amid a rise in the private rental?

Kier Group Plc (LON: KIE)

The company operates in the construction sector in the UK. It develops the roads and bridges, and other public infrastructure and provides maintenance services.

The company reported revenue of £3,329 million and adjusted operating profits of £100.3 million in the financial year ended 30 June 2021. The company has a total order book of £7.7 billion and is one of the key beneficiaries of the UK government infrastructure spending commitment. The company has a positive outlook and expects to generate revenue of £4 – £4.5 billion in FY22.

Kier Group Plc shares trade at GBX 123.40, up by 1.15% on 21 September at 9:20 am GMT+1 with a market cap of £544.33 million.

88 Energy Ltd (LON: 88E)

The company operates in the oil and gas sector and focuses on exploring and producing oil and gas properties located in the United States.

The company has announced a proposed placing to raise £10.6 million by placing of new ordinary shares. The company plans to use the net proceeds from the placing to strengthen its balance sheet and finance its drilling activity at the Merlin-2 appraisal well, which is estimated to have a reserve of 652 million barrels.

88 Energy Ltd shares trade at GBX 1.44, down by 0.58% on 21 September at 9:20 am GMT+1 with a market cap of £190.62 million.

UK Oil and Gas Plc (LON: UKOG)

FTSE AIM listed company focuses on the exploration and production of oil and gas projects. It has an investment in multiple oil and gas projects located in the United Kingdom.

The company has completed its production facility upgrade at Horse Hill oil field. The two-week planned upgrade has prepared the site for 24-hour continuous production operation and will help the company with higher production output. After the shutdown, the oil production has been re-established to previous levels.

UK Oil and Gas Plc shares trade at GBX 0.14, down by 1.64% on 21 September at 9:20 am GMT+1 with a market cap of £22.73 million.

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