Stocks Worth Watching On The London Stock Exchange: Aston Martin Lagonda Global Holdings Plc & John Laing Group Plc

  • Dec 13, 2019 GMT
  • Team Kalkine
Stocks Worth Watching On The London Stock Exchange: Aston Martin Lagonda Global Holdings Plc & John Laing Group Plc
Aston Martin Lagonda Global Holdings Plc

Aston Martin Lagonda Global Holdings Plc (LON: AML) is a UK-based autonomous luxury car group which have over a hundred years of superiority in design and automotive within two brands. The two brands of the company are the Aston Martin, which is the British sports car brand and The Lagonda which delivers luxury cars. The company’s strategical transformation programme has three segments which are core boosting, business stabilization and expansion of the product portfolio to provide useful and practical luxury business by FY2020.

News Updates

On 29th November 2019, the company declared that it held zero per cent shares in treasury stock whereas the issued share capital contained 228.0 million ordinary shares of £0.00904 each, with voting rights.

Financial Highlights

On 07th November 2019, the company announced its nine-month as well as third-quarter financial report for the period ended 30th September 2019 through a press release.

The company’s revenue decreased by 7.1% to £657.2 million in the nine months of FY2019 as compared to £707.3 million in nine months of FY2018. In contrast, the company’s revenue decreased by 11.4% to £250.1 million in the third quarter of FY2019 as compared to £282.4 million in the third quarter of FY2018.

The company’s gross profit decreased by 15.0% to £243.8 million in the nine months of FY2019 as compared to £286.8 million in nine months of FY2018. In contrast, the company’s gross profit decreased by 9.8% to £95.9 million in the third quarter of FY2019 as compared to £106.4 million in the third quarter of FY2018.

The company’s operating (loss) / profit decreased to a loss of £27.2 million in the nine months of FY2019 as compared to a profit of £89.7 million in nine months of FY2018. In contrast, the company’s operating (loss) / profit decreased to £10.5 million in the third quarter of FY2019 as compared to £25.3 million in the third quarter of FY2018.

The company’s (Loss) / profit for the period decreased to a loss of £72.9 million in the nine months of FY2019 as compared to a profit of £16.2 million in nine months of FY2018. In contrast, the company’s operating (loss) / profit decreased to a loss of £10.1 million in the third quarter of FY2019 as compared to a profit of £4.7 million in the third quarter of FY2018.

The company’s earnings per share decreased to a loss of 33.8 pence in nine months of FY2019 as compared to a profit of 5.1 pence million in nine months of FY2018. In contrast, the adjusted earnings per share decreased to a loss of 29.4 pence in nine months of FY2019 as compared to a gain of 5.9 pence in nine months of FY2018.

(Sources: LSE)

Share Price Performance

On 13th December 2019, at 09:23 AM GMT, while writing, AML share price was reported to be trading at GBX 623.0 per share on the LSE, an increase of 1.27 per cent or GBX 7.80 per share, as compared to the previous day’s closing price, which was reported to be at GBX 615.20 per share.

On 27th February 2019, the shares of AML were GBX 1374.40, which was highest ever and reached to GBX 371.10 on 15th August 2019 which was lowest ever in the last 52 weeks. Today’s share price was down by 54.67 per cent from 52-week high price whereas the same share price was up by 67.92 per cent from the 52-week low price.

The company’s market capitalisation was reportedly valued to be at GBP 1.40 billion concerning the share’s current market price. The number of shares outstanding of AML has been reported to be at 228.00 million, and the free float has been said to be at 61.32 million.

Outlook

As per the company information, the company faced pressure on volumes and due to that it expects that total wholesales could be lower than previously guided. The company further announced that four Aston martin’s cars would be presented in the James Bond movie which is expected to release in 1H 2020.

John Laing Group Plc

John Laing Group Plc (LON: JLG) was previously known as Henderson Infrastructure Holdco (UK) Ltd. The company is an active investor, global originator and manager of infrastructure projects. The company’s business focuses on mainly social, environmental infrastructure projects and transport in a different range of worldwide markets which includes North America, Asia Pacific, Europe and the UK. The company is considered world’s most reliable brands of infrastructure field with over 100 projects in the 30 years.

Pre-Close & Investment Updates

On 12th December 2019, the company announced that the strong Sterling from 1st July 2019 to 30th November 2019 impacted negatively the portfolio value by £50 million. The company also declared that a decrease in power price forecast impacted the company by £40 million and changes in macroeconomic and tax assumptions would negatively affect the company by £7 million.

The company further said that full-year net asset value is expected to be marginally below market expatiations due to impact of foreign exchange.

On 29th October 2019, the company announced that the its acquisition completed on 28th October 2019 with regards to 30% of Ruta del Cacao road project in Colombia. Additionally, the company also invested £13 million in the Hurontario Light Rail Transit PPP project in Canada for a 35% interest which has recently reached financial closure.

Financial Highlights

On 22nd August 2019, the company announced its six-month financial report for the period ended 30th June 2019 through a press release.

The company’s net gain on investments at fair value decreased by 73.23% to £53.0 million in H1 FY2019 as compared to £198 million in H1 FY2018. In contrast, the company’s other income increased by 53.3% to £23 million in H1 FY2019 as compared to £15 million in the H1 FY2018.

The company’s total administrative expenses increased by 12.5% to £36 million in H1 FY2019 as compared to £32 million in H1 FY2018. The company’s profit before tax decreased by 80% to £35 million in H1 FY2019 as compared to £175 million in H1 FY2018.

The company’s diluted earnings per share decreased to 7.1 pence in H1 FY2019 as compared to 38.3 pence in H1 FY2018. The final dividend on ordinary shares increased to 7.70 pence per share in H1 FY2019 as compared to 7.17 pence per share H1 FY2018.

(Sources: LSE)

Share Price Performance

On 13th December 2019, at 09:30 AM GMT, while writing, JLG share price was reported to be trading at GBX 366.40 per share on the LSE, an increase of 3.21 per cent or GBX 11.40 per share, as compared to the previous day’s closing price, which was reported to be at GBX 355.0 per share.

On 6th December 2019, the shares of JLG were GBX 402.40, which was highest ever and reached to GBX 303.80 on 14th December 2018 which was lowest ever in the last 52 weeks. Today’s share price was down by 8.9 per cent from 52-week high price whereas the same share price was up by 20.6 per cent from the 52-week low price.

The company’s market capitalisation was reportedly valued to be at GBP 1.75 billion concerning the share’s current market price. The stock outstanding of the JLG share has been reported to be at 493.0 million, and the average dividend yield has been said to be at 1.53%.

The beta of the JLG share was reported to be at 0.64, which shows that the company’s share price movement is less volatile in its trend, as compared to the benchmark market index’s movement.

Outlook

As per the company information, the company’s New Generation Rollingstock project attained Part Fleet Acceptance in H1 FY2019, and the final train is in line for delivery according to the agreed schedule with the State of Queensland by the end of FY2019.

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