Three Stocks Under Focus: Amigo Holdings Plc, Hurricane Energy Plc and Micro Focus International Plc

December 29, 2019 10:20 PM AEDT | By Kunal Sawhney
 Three Stocks Under Focus: Amigo Holdings Plc, Hurricane Energy Plc and Micro Focus International Plc

Amigo Holdings Plc

Amigo Holding Plc (LON:AMGO) is the UK based prominent loans guarantor company, which offers credit loans to those who are unable to borrow from other lenders due to their credit histories. It was founded in 2005 and became UK's largest provider of guarantor loans. The company delivers single products, i.e. a guarantor loan at an APR of 49.9%, with no hidden charges, no fees and no redemption penalties. It believes that these offers are an appealing substitute to higher rate loans, such as payday loans and other forms of non-standard finance.

AMGO - News Updates

On 13th December 2019, the company announced that Board approved the changes in Nomination Committee, with effect from 12th December 2019. Stephan Wilcke, the current Chairman of the Nomination Committee and Clare Salmon, will both step down as members of Nomination Committee; Roger Lovering, currently a member of the Nomination Committee has been appointed as Chairman of the Nomination Committee and James Benamor has been designated as a member of the Nomination Committee. Richard Price will also be a part of Nomination Committee membership.

On 11th December 2019, the company announced that it obtained notification for buying 25,810 shares of 0.25 pence each in the company as on 9th December 2019 by the SIP trustee on behalf of contributing employees.

AMGO - Financial Highlights

On 28th November 2019, the company came up with its results for the six months ended 30th September 2019.

The number of customers increased to £222.8k in H1 FY2020 as compared to £188.9k in H1 FY2019, a change of 17.9 per cent. The net loan Book increased to £730.7 million in H1 FY2020 as compared to £671.7 million in H1 FY2019, a change of 8.8 per cent.

The company’s revenue increased to £145.4 million in H1 FY2020 as compared to £130.1 million in H1 FY2019, a change of 11.8 per cent. The company’s profit after tax decreased to £37.0 million in H1 FY2020 as compared to £37.7 million in H1 FY2019, a change of 1.9 per cent. Adjusted profit after tax decreased to £35.8 million in H1 FY2020 as compared to £47.2 million in H1 FY2019, a change of -24.2 per cent.

The company’s basic EPS decreased to 7.8 pence in H1 FY2020 as compared to 8.6 pence in H1 FY2019. The adjusted profits per share dropped to 7.5 pence in H1 FY2020 as compared to 10.8 pence in H1 FY2019. The company’s six-month dividend rose to 3.1 pence in H1 FY2020 as compared to 1.9 pence in H1 FY2019.

Source: Company’s filings

AMGO - Share Price Performance

On 27th December 2019, AMGO share price last traded at GBX 67.0 per share on the LSE, a rise of 1.52 per cent or GBX 1.00 per share, as compared to the GBX 66.0 per share which was previous day closing price.

The market capitalisation of the company was GBP 313.45 million at the time writing. The share outstanding of the AMGO was reported at 475.33 million, and the free float was reported at 117.92 million.

Hurricane Energy Plc

Hurricane Energy Plc (LON:HUR) was established in 2004 by Dr Robert Trice. The company evaluates, finds and creates hydrocarbon resources from naturally shattered vault reservoirs. The company concentrates on discoveries biologically fractured vault reservoirs and works in the direction of executing the value of the reserves and resources of these discoveries. The company is operating on the portfolio in the UK Continental Shelf, West of Shetland.

HUR - News Updates

On 20th December 2019, the company announced the appointment of Beverley Smith for the position of non-executive director with immediate effect.

HUR - Trading Updates

On 13th December 2019, the company announced trading and P1368 Licence update.

The company announced that the reasonable natural flow rates were attained with low bottom hole decline in pressure during the latest tests. The company further announced that Lincoln subareas and Lancaster of P1368 licence had been given an extension for five years, whereas Strathmore and Whirlwind sub-areas will be abandoned.

The company reported the production of 3.1 million barrels oils which was an average rate per day of 13,300 barrels oil. The company also reported the sale of fuel with 2.8 million barrels across seven cargoes. The revenue reported around $165 million whereas unrestricted year-end cash was reported at about $150 million.

HUR - Financial Highlights

On 20th September 2019, the company announced its Interim results for the six months ended 30th June 2019.

The company’s revenue increased to $22.5 million in H1 FY2019. The company’s operating profit/(loss) increased to $1.18 million in H1 FY2019 as compared to a loss of $4.7 million in H1 FY2018. In contrast, loss after tax for the period decreased to $21.2 million in H1 FY2019 as compared to a loss of £75.1 million in H1 FY2018.

The basic and diluted loss per share declined to 1.08 cents in H1 FY2019 as compared to a loss of 3.83 cents in H1 FY2018.

HUR - Share Price Performance

On 27th December 2019, HUR share price last traded at GBX 32.68 per share on the LSE, a rise of 6.59 per cent or GBX 2.02 per share, as compared to the GBX 30.66 per share which was previous day closing price.

The market capitalisation of the company was GBP 607.94 million at the time writing. The share outstanding of the HUR was reported at 1.99 billion, and the free float was reported at 1.57 billion.

The beta of the HUR share was 0.95 at the time of writing which means that the stock is less volatile as compared to the benchmark market index’s movement.

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Micro Focus International Plc

Micro Focus International Plc (LON:MCRO) is the UK based global infrastructure software company which helps to operate and transform client businesses. The company’s software delivers the essential tools which can help to secure, work, build, and analyse the enterprise. These tools fill the gap between current and developing technologies, which means the client can innovate quicker, with low risk, in the race to digital transformation.

MCRO - News Updates

On 2nd December 2019, the company announced that its share capital contained 333.3 million ordinary shares of 10 pence each with voting rights and a further 30.2 million ordinary shares were held in Treasury as on 30th November 2019.

MCRO - Trading Updates

On 20th November 2019, the company announced the trading updates of the company.

The company expects reporting the net debt of $4.3 billion at a leverage multiple of around 3.2x of adjusted EBITDA for the period ended 31 October 2019, due to share repurchase programme and SUSE disposal of one-off tax payment.

MCRO - Financial Highlights

On 09th July 2019, the company released its results for the six months ended 30th April 2019.

The company’s Revenue (versus CCY comparatives) decreased to $1,657.1 million in H1 FY2019 as compared to $1,749.6 million in H1 FY2018. The company’s adjusted EBITDA (versus CCY comparatives) increased to $662.3 million in H1 FY2019 as compared to $650.4 million in H1 FY2018.

The company’s diluted earnings per share increased to 85.53 cents in H1 FY2019 as compared to 78.93 cents in H1 FY2018. The statutory measures, diluted profits per share rose to 322.74 cents in H1 FY2019 as compared to 136.90 cents in H1 FY2018.

MCRO - Share Price Performance

On 27th December 2019 MCRO share price last traded at GBX 1,083.0 per share on the LSE, down by 1.63 per cent or GBX 18.0 per share, as compared to the GBX 1,101.2 per share which was previous day closing price.

The company’s highest 52-week share price was GBX 2,174.50 per share which was reported on 04th July 2019, whereas the company’s lowest 52-week share price was GBX 998.0 per share which was published on 23rd October 2019.

The market capitalisation of the company was GBP 3.66 billion at the time writing. The share outstanding of the MCRO was reported at 333.38 million, and the free float was reported at 331.56 million.


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