Three FTSE 350 Buzzing Stocks: Frasers Group PLC, Just Eat PLC And Carnival PLC

  • Dec 20, 2019 GMT
  • Team Kalkine
Three FTSE 350 Buzzing Stocks: Frasers Group PLC, Just Eat PLC And Carnival PLC
Frasers Group PLC (LON: FRAS)

Frasers Group Plc, formerly known as Sports Direct International Plc, is a sporting goods retailer company. Frasers Group is the United Kingdom’s largest sporting goods retailer from the revenue perspective. The company operates in sports, fitness, fashion and lifestyle. The company was incepted in 1982.

FRAS-Recent News

It recently announced a corporate action, where the company has changed its name to Frasers Group Plc on 16th December 2019. “FRAS” is the new ticker name on LSE.

FRAS-Business performance for H1 FY20 period ended 27th October 2019

The revenue of the company surged by 14 per cent to GBP 2,043.5 million in the first half of the financial year 2020 in contrast to GBP 1,791.8 million in the first half of the fiscal year 2019 as a result of acquisitions of new Flannels stores during the period.

The gross margin of the company surged by 230 basis points to 43.8 per cent, and underlying EBITDA surged by 21.8 per cent to GBP 181.2 million, as a result of improvement in the European Retail and Premium Lifestyle divisions.

The profit before taxation (reported) of the company surged by 160 per cent to GBP 193.4 million due to improvement in the underlying EBITDA.

The company’s net debt plunged from GBP 505.5 million in the first half of the fiscal year 2019 to GBP 254.4 million in the first half of the fiscal year 2020 due to the proceeds from the disposal of the Shirebrook distribution centre and the improved underlying EBITDA.

FRAS-Stock price performance

Daily Chart as at December-20-19, before the market close (Source: Thomson Reuters)

On 20th December 2019, at the time of writing (before market close, GMT 2:30 PM), shares of Frasers Group Plc were trading at GBX 470.60, down by 0.51 per cent against its previous day closing price. Stock's 52 weeks High and Low is GBX 486.00/GBX 166.60. At the time of writing, the share was trading 3.17% lower than its 52w High and 182.47% higher than its 52w low. Stock’s average traded volume for 5 days was 2,112,587.80; 30 days - 726,266.43 and 90 days - 689,477.43. The average traded volume for 5 days was up by 190.88% as compared to 30 days average traded volume. The company’s stock beta was 0.75, reflecting lower volatility as compared to the benchmark index. The outstanding market capitalisation was around £2.48 billion.

Just Eat PLC (LON: JE)

United Kingdom-based Just Eat Plc is a high-tech company, which operates as a leading global hybrid marketplace for online food delivery, providing clients with a secure and easy way to order and pay for food from the Restaurant Partners. With brands across 13 countries, the international footprint of the company helps it in generating a diversified revenue base.

JE-Recent News

According to some media reports, Takeaway is racing ahead of its competitors in the bidding for Just Eat Plc. Takeaway.com was offering 916 pence per share for Just Eat shares based on its closing price on 18th December 2019. On the other hand, Prosus NV revised its offer to 800 pence per share from the offer made earlier to buy Just Eat Plc. The company has both the offers currently under review and its shareholders are advised to wait for further announcement.

JE-Trading Update for the third quarter of the Financial Year 2019

The group announced the trading update for the three and nine months to 30th September 2019.

The group’s revenue surged by 25 per cent to £248 million, while the orders surged by 16 per cent to 62 million in the third quarter of 2019. The group’s revenue surged by 28 per cent to £717.8 million in the nine months to 30 September 2019.

The UK orders surged by 8 per cent to 33 million as a result of speedy growth in the delivery proposition during the period. SkipTheDishes, the Canadian subsidiary of the group has been performing well with the growth numbers in double-digits.  The group delivered a strong performance in Switzerland and Italy.

During the period, the group’s Australian business gained solid momentum, while still on recovery path it led to growth in double digits.

JE-Stock price performance

Daily Chart as at December-20-19, before the market close (Source: Thomson Reuters)

On 20th December 2019, at the time of writing (before market close, GMT 2:31 PM), Just Eat PLC shares were trading at GBX 793.80, down by 2.24 per cent against its previous day closing price. Stock's 52 weeks High and Low is GBX 862.60/GBX 568.00. Stock’s average traded volume for 5 days was 6,455,492.20; 30 days - 2,659,199.80 and 90 days - 2,498,942.37. The average traded volume for 5 days was up by 142.76% as compared to 30 days average traded volume. The company’s stock beta was 1.29, reflecting higher volatility as compared to the benchmark index. The outstanding market capitalisation was around £5.58 billion.

Carnival PLC (LON: CCL)

Carnival PLC is engaged in providing travellers around the globe with extraordinary vacations and is the world’s largest leisure travel company. The group operates a portfolio of 10 leading brands which offer a wide range of vacation experiences, appealing to travellers of all kinds with many preferences.

CCL-Recent News

The delivery of Mardi Gras has been delayed as informed by the officials of the Meyer Turku shipyard. The ship will be delivered to the company in late October (2020) next year and will sail for the first time on 14th November 2020 from Port Canaveral.

Bookings which were made earlier from August 31st for the first eight sailings, which included New York, European and transatlantic itineraries along with four Port Canaveral itineraries have been cancelled.

The company is offering full refund of cruise fare plus applicable fees and taxes and other pre-purchased cruise components along with a 25 per cent future cruise credit (FCC). In addition, the company is helping with the cancellation of hotel reservations and non-refundable airlines booked earlier as a goodwill gesture.

CCL-Financial Highlights for Q3 FY19

For the nine months of the financial year 2019, the company’s reported revenue was at $16,043 million as against $14,425 million for 9M FY2018. The increase in revenue was driven by an increase in revenue from Cruise and Tour and other businesses for the period. For 9M in FY2019, the company’s operating income stood at $2,791 million versus $2,772 million for 9M FY2018. The company’s PBT (Profit before tax) stood at $2,624 million in the first nine months of the financial year 2019 as against $2,699 million in the first nine months of the financial year 2018. The company’s PAT (Profit after tax) stood at $2,567 million in the first nine months of the financial year 2019 as against $2,659 million in the first nine months of the financial year 2018. The basic earnings per share for 9M FY2019 stood at $3.72 as against $3.73 in 9M FY2018. The diluted earnings per share for 9M FY2019 stood at $3.71 as against $3.72 in 9M FY2018.

CCL-Stock price performance

Daily Chart as at December-20-19, before the market close (Source: Thomson Reuters)

On 20th December 2019, at the time of writing (before market close, GMT 2:35 PM), Carnival PLC’s shares were trading at GBX 3,482, up by 3.69 per cent against its previous day closing price. Stock's 52 weeks High and Low is GBX 4,448.00/GBX 3,037.00. Stock’s average traded volume for 5 days was 469,029.40; 30 days - 667,432.50 and 90 days - 721,803.69. The company’s stock beta was 0.74, reflecting lower volatility as compared to the benchmark index. The outstanding market capitalisation was around £24.19 billion.

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