Three FTSE Stocks In Focus - Halfords Group Plc, N Brown Group Plc And Genel Energy Plc

  • Jan 18, 2020 GMT
  • Team Kalkine
Three FTSE Stocks In Focus - Halfords Group Plc, N Brown Group Plc And Genel Energy Plc
Halfords Group Plc

Halfords Group Plc (LON: HFD) is the United Kingdom’s renowned retailer of cycling, motoring and leisure services and products. The company has an appealing market and a solid balance sheet.

HFD - Trading Updates

On 16th January 2020, the company announced trading updates for the 14 weeks to 03rd January 2020.

The company’s revenue increased by 4.6 per cent and was up by 1.3 per cent on a like for like basis in the 14-week period due to robust cycling performance as well as continuous expansion in B2B and Autocentres.

The Retail Cycling revenue increased by 5.9 per cent on like for like basis in the 14 weeks, with growth broadly based across the bike categories. The company work is to enhance the cycling space in retail stores with a creative & distinguished range, which established an improved shopping experience for consumers during the holiday period. Based on this, the company delivered robust revenue expansion as well as better margins and smaller working capital levels.

The Retail Motoring sales decreased by 2.7 per cent on like for like basis, in the 14 weeks. The Retail Motoring sales suffered due to low levels of consumer confidence which impacted the discretionary categories such as Workshop and Technology. However, the company still managed to grow 3Bs business (bulbs, batteries and blades) that helped in the advancements.

The Autocentres sales growth increased by 4.6 per cent on like for like basis, in the 14 weeks. Additionally, the latest acquisitions of McConachiy’s and tyres on the drive was on expected line. This mix of acquired and organic growth pushed Motoring Services business, in line with a strategy to transform company into a Services-focussed business.

The revenue related to group service increased by 16 per cent in the 14 weeks. The company’s online sales revenue increased by 27 per cent in the 14 weeks. The company also reported that its new web platform would substantially enhance the digital experience and enable consumers to gain service access across garages, stores and mobile via one website.

HFD – Share Price Performance

At the time of writing, on 17th January 2020 as at 11:49 AM GMT, the share price of HFD was trading at GBX 153.71 per share on the London Stock Exchange, an upside of 0.14 per cent or GBX 0.21 per share, versus previous day’s closing price of GBX 153.50 per share.

HFD’s share price of GBX 261.20 as on 20th March 2019 was the 52-week peak price, whereas the share price of GBX 141.20 as on 10th January 2020 was the 52-week low share price. The current share price was lower by 41.15 per cent from the 52-week high price, whereas it was higher by 8.85 per cent from the 52-week low price.

The company’s market capitalisation was reported at £305.64 million at the time of writing. The free float and share outstanding of the HFD were reported at 196.32 million and 199.12 million.

While writing, the beta of the HFD share was at 0.15, which shows very low volatility as compared to the benchmark market index’s movement.

N Brown Group Plc

N Brown Group Plc (LON: BWNG) is a digital fashion retailer offering an extensive range of products. The company’s head office is in Manchester, where it’s marketing, IT, finance, buying & merchandising, and creative teams are based. The company has more than 140 years of experience.

BWNG - Trading Updates

On 16th January 2020, the company announced the trading update, covering the 18 weeks to 04th January 2020.

The revenue of the digital segment increased by 2.5 per cent, which was driven by robust growth at Ambrose Wilson and Simply Be. The product revenue decreased by 4.0 per cent. There was an upside of 5ppts product revenue now digital to 87 per cent.

The financial services revenue decreased by 4.6 per cent, because of the lower level of product revenue, showing the impact of previously announced measures for changes to lending practices.

Inventory levels at the end of the period were down by 6 per cent for the 18 weeks to 04th January 2020 as compared to the prior year, which shows an efficient approach to inventory management.

BWNG – Share Price Performance

At the time of writing, on 17th January 2020 as at 13:04 GMT, the share price of BWNG was trading at GBX 104.70 per share on the London Stock Exchange, a decline of 1.41 per cent or GBX 1.50 per share, versus previous day’s closing price of GBX 106.20 per share.

The BWNG share price of GBX 163.90 as on 31st December 2019 was the 52-week peak price, whereas the share price of GBX 82.95 as on 08th February 2019 was the 52-week low share price. The current share price was lower by 36.11 per cent from the 52-week high price, whereas it was higher by 26.22 per cent from the 52-week low price.

The company’s market capitalisation was at £302.83 million at the time of writing. The free float and share outstanding of the BWNG were reported at 148.35 million and 285.15 million.

While writing, the beta of the BWNG share was at 0.85, which shows low volatility as compared to the benchmark market index’s movement.

Genel Energy Plc

Genel Energy Plc (LON: GENL) is a holding company. It is the biggest owner of resources & reserves in Kurdistan Region of Iraq. It has been operating in the region from over a decade and is considered as one of the biggest independent oil producers on the London Stock Exchange.

GENL - Trading Updates

On 16th January 2020, the company announced the trading and operations update.

The cash proceeds decreased to $317 million in the year 2019 as compared to $335 million in the year 2018. The capital expenditure increased to $161 million in the year 2019 as compared to $95 million in the year 2018 because of spending increase on growth assets.

Non-receipt of $54 million in payment from the KRG (Kurdistan Regional Government) which was related to export sales in two months of 2019 (August and September) and due in November and December 2019, weighed on the Cash proceeds and FCF.

The Pro-forma FCF decreased to $153 million in the year 2019 as compared to $164 million in the year 2018. The full amount of $26 million of due expenses from the KRG with respect to export sales in August 2019, will be collected in the year 2020.

The initial dividend of $27 million (10¢ per share) have already been paid in June 2019, and a further dividend of $15 million or 5¢ per share will be paid in January 2020.

The cash of the company increased to $387 million as at 31st December 2019 as compared to $334 million as at 31st December 2018. In contrast, the Net cash rose to $90 million as at 31st December 2019 as compared to net cash of $37 million as at 30th December 2018.

The net production average increased to 36,250 bopd in the year 2019 as compared to 33,690 bopd in the year 2018. The production averaged increased to 35,410 bopd in 4th quarter of 2019 as compared to 34,720 bopd in the 3rd quarter.

GENL – Share Price Performance

At the time of writing, on 17th January 2020 as at 13:23 PM GMT, the share price of GENL was trading at GBX 192.00 per share on the London Stock Exchange, an upside of 0.95 per cent or GBX 1.80 per share, versus previous day’s closing price of GBX 190.20 per share.

The GENL share price of GBX 233.79 as on 30th April 2019 was the 52-week peak price, whereas the share price of GBX 165.66 as on 06th June 2019 was the 52-week low share price. The current share price was lower by 17.88 per cent from the 52-week high price, whereas it was higher by 15.9 per cent from the 52-week low price.

The company’s market capitalisation was recounted at £528.13 million at the time of writing. The free float and share outstanding of the GENL were reported at 155.13 million and 277.67 million.

While writing, the beta of the GENL share was at 2.18, which shows high volatility as compared to the benchmark market index’s movement.

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