Three LSE listed Stocks, CRH Plc, Goodwin Plc And Sopheon Plc – Their Result Releases & Updates.

  • Aug 22, 2019 BST
  • Team Kalkine
Three LSE listed Stocks, CRH Plc, Goodwin Plc And Sopheon Plc – Their Result Releases & Updates.

CRH Plc (CRH)

CRH Plc is an Ireland based construction materials company with operations in Ireland, England, Poland and the United States of America. The company supplies materials ranging from asphalt, aggregate, ready mix concrete, to precast concrete on the heavy side to Glass and glazed materials, shutters, awnings, sanitary fittings, plumbing attachments and heating accessories on the lighter side.

The company has its shares listed on three stock exchanges. On the Irish stock exchange, the company’s shares are listed and trade under the ticker name CRG. On the London Stock Exchange, its shares trade with the ticker name CRH and on the New York Stock Exchange the shares trade under the ticker name CRH. The stock is a constituent of the FTSE 100 index.

Recent News Update

The company on 22 August 2019 came out with its first-half financial results for the period ended 30 June 2019. The company’s sales were up by 10.65 per cent, EBITDA was up by 36 per cent and earnings per share was up by 51 per cent over the corresponding previous year six-month period ended 30 June 2018. The company also announced its intentions to buy-back €350 million worth of shares by the end of the year, while it had already bought back €550 million worth of shares year to date (up to 30 June 2019).

Financial Update of CRH Plc for H1 2019 ended June 2019 (€’ million)

Source – Company half-year report publication for H1 2019

The company for the half-year ended 30 June 2019 reported revenue of €13.217 billion compared to revenue of €11.944 billion for half-year ended 30 June 2018. The EBITDA for the half-year ended 30 June 2019 was €1.54 billion, whereas it was an EBITDA of €1.13 billion for the corresponding period ended 30 June 2018. The operating profit for the half-year ended 30 June 2019 was €751 million, compared to an operating profit of €592 million for the prior-year period ended 30 June 2018. The group profit for the half-year ended 30 June 2019 was €555 million, whereas it was a profit of €1.461 billion for the half-year ended 30 June 2018. The earnings per share (diluted) of 67.4 cents was for the H1 ended 30 June 2019, whereas for the period ended 30 June 2018 it was 44.8 cents per share. The company has declared a dividend of 20.0 cents per share for the H1 ended 30 June 2019 whereas it was 19.2 cents for the half- year period ended 30 June 2018

Share price performance of CRH Plc at the London Stock Exchange

Daily Chart as on 22 August 2019, before the market close (Source: Thomson Reuters)

On 22 August 2019, at the time of writing of the report (before the market close, GMT 08.56 AM), CRH shares were trading on the London Stock Exchange at GBX 2680.00, up by 0.37 per cent over the previous day's closing price of GBX 2670.00. The stock has a 52- week High of GBX 2768.00, and a 52-week low of GBX 1960.56. The total market capitalization of the Company was £21.28 billion.

Outlook

Despite the company’s strong half-yearly performance, the worsening economic environment is Europe, is a testimony of the high competence levels of the management. The company has expanded rapidly in the North American market with more than half of its revenues coming from that market. In the coming periods when the European markets are expected to be subdued on account of the uncertainty due to Brexit the North American market is going to provide the required support to its bottom line.

 

Goodwin Plc (GDWN)

Goodwin Plc is an United Kingdom based Heavy engineering company with specialization in machined steel casting products. Prominent projects for which the company has supplied materials are The Hardanger bridge, Oakland Bay Bridge Eastern Span Replacement, Faslane naval base, Ludwig Erhard house, Paddington railway station, Sizewell B nuclear power station and the Astute class nuclear attack submarines.

The company is headquartered in Stoke-on-Trent in England, United Kingdom and has its shares listed on the London stock exchange where they trade with the ticker name GDWN.

Recent News Update

The company on 22 August 2019 came out with its yearly results for the Financial year 2019 ended 30 April 2019. Revenues for the period are up by 1.8 percent, however, the pre-tax profits are up 11 per cent compared to the year-ago period. Other than that, the company’s order total forward order book stands £ 165 million as of end of July 2019 whereas it was £85 million as on July 2018, which is a growth of 94 percent within a span of one year. The company further disclosed that some more large, long-term orders are under negotiation.

Financial Update of Goodwin Plc for FY 2019 ending April 2019

Source – Company preliminary results publication for FY 2019

The company for the year ended 30 April 2019 reported revenue of £127.04 million compared to revenue of £124.81 million for year ended 30 April 2018. The Gross profit for the year ended 30 April 2019 was £40.632 million, whereas it was a profit of £35.668 million for the corresponding prior-year period ended 30 April 2018. The operating profit for the year ended 30 April 2019 was £16.411 million, compared to an operating profit of £13.580 million for the prior-year period ended 30 April 2018. The net profit for the year ended 30 April 2019 was £12.447 million, whereas it was a profit of £9.435 million for the year ended 30 April 2018. The higher profits for the year were on account of higher revenues, lower cost of sales and lower financial expenditure. The earnings per share (diluted) of 149.65 pence was for the FY ended 30 April 2019, whereas for the corresponding prior-year period ended 30 April 2018 it was 118.11 pence per share. The Company has proposed a dividend for the year ended 30 April 2019 of 96.21 pence per share whereas for the year-ago period ended 30 April 2018 it was 83.473 pence per share.

Share price performance of Goodwin Plc at the London Stock Exchange

Daily Chart as on 22 August 2019, before the market close (Source: Thomson Reuters)

On 22 August 2019, at the time of writing of the report (before the market close, GMT 08.57 AM), GDWN shares were trading on the London Stock Exchange at GBX 3600.00, up by 4.95 per cent over the previous day's closing price of GBX 3430.00. The stock has a 52- week High of GBX 3700.00, and a 52-week low of GBX 2300.00. The total market capitalization of the Company was £246.96 million.

Outlook

The company’s superior performance despite weakness of the economy is on account of its highly specialized product profile, like advanced iron nickel alloys, used in nuclear submarines, advanced power plants and aerospace industry, among others. The markets for such products are least affected by economic peaks and troughs.

Sopheon Plc (SPE)

Sopheon Plc (SPE) is a Minneapolis, Minnesota based software technology company. The company has offices and operations in United States, United Kingdom, Netherlands and Germany. Its products include a proprietary innovation software called Accolade, with applications in mobile devices, enterprise software, cloud computing and PPM.

The company is based in the United states however, its shares are listed on the London Stock Exchange and trade with the ticker name SPE.

Recent News Update

The company on 22nd August 2019 came out with its first-half financial results for the period ended June 2019. The performance of the company has been below par, with sales dropping by 14 percent, gross profit falling by 16 percent and net profits falling by a whopping 75.7 per cent compared to the corresponding prior-year period.

Financial Update of Sopheon Plc for H1 2019 ending June 2019

Source – Company Semi-Annual report publication for H1 2019

The company for the half-year ended 30 June 2019 reported revenue of $13.686 million compared to revenue of $15.930 million for half-year ended 30 June 2018. The Gross profit for the half-year ended 30 June 2019 was $9.492 million, whereas it was a gross profit of $11.325 million for the period ended 30 June 2018. The operating profit for the half-year ended 30 June 2019 was $830,000, compared to an operating profit of $2.856 million for the period ended 30 June 2018. The net profit for the half-year ended 30 June 2019 was $642,000, whereas it was a net profit of $2.645 million for the half-year ended 30 June 2018. The lower profits of the company for the half-year were on account of lower revenues and higher sales and marketing expenses. The earnings per share (diluted) of 5.98 cents was for the H1 ended 30 June 2019, whereas for the corresponding, year-ago period it was 24.99 cents per share. The Company has not declared any dividend for the half-year ended 30 June 2019.

Share price performance of Sopheon Plc at the London Stock Exchange

Daily Chart as on 22 August 2019, before the market close (Source: Thomson Reuters)

On 22 August 2019, at the time of writing of the report (before the market close, GMT 12.04 AM), SPE shares were trading on the London Stock Exchange at GBX 833.00, up by 8.1 per cent over the previous day's closing price of GBX 770.00. The stock has a 52- week High of GBX 1450.00, and a 52-week low of GBX 635.00. The total market capitalization of the Company was £78.22 million.

Outlook

The company aims to increase the proportion of recurring revenues in its sales and perceives the proportion of such business in the pipeline to be exceeding its own estimates. This, according to the company, is reflective of the purchase behavior of its target customers and not a change in commercial environment, which is turning out to be healthy. This will drive shareholder value and the company is well-positioned to ride the benefits of Strategy Execution management.

 Share price comparison

Below is the comparison of the share price performance of CRH Plc, Goodwin Plc and Sopheon Plc against FTSE 250 index.

(Source: Thomson Reuters)

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