Three Stocks Under The Spotlight: W Resources PLC, Warpaint London PLC, Sativa Group PLC

Three Stocks Under The Spotlight: W Resources PLC, Warpaint London PLC, Sativa Group PLC

W Resources PLC

W Resource Plc (WRES) is into exploration and mining of Tungsten, Tin and Gold with investments in Spain and Portugal.

Recent developments

The basic structure of Spiral Concentrator and Shaking table at La Parrilla is now ready. The production from the new plant is expected to commence in September. The Crusher and Jig plants are commissioned and are operational on mined ore. The production is in line with the guidance. In mid-June, the group notified that it has signed a contract for ore haulage and crushing at Regua location with Francisco Pereira Marinho Imaos SA.

In the exchange filing made by the group in first week of June, the company said that it has entered into a contract for mining with GME (General de Maquinaria y Excavacion) in the “La Parrilla” project (Spain).

Financial highlights for FY18 period ended 31st December 2018

In the year under review, the company’s revenue was recorded at £196 thousand while there was no revenue generation in FY17. The company’s operating loss (excluding exceptional items) surged to £806 thousand in FY18 as against a loss of £711 thousand recorded in the previous year. However, the company’s operating loss (post exceptional items) was recorded at £658 thousand from £711 thousand recorded in the previous year period. The company’s pre-tax loss surged to £4,119 thousand as against a loss of £732 thousand recorded in the FY17 period, driven by a sharp surge in cost of financing, losses arriving from exchange rate fluctuations and charges related to impairment. The company’s net loss for FY18 was recorded at £4,051 thousand. The company’s basic loss per share stood at 0.07 pence per share in FY18 as against a loss of 0.02 pence in FY17.

During the year, the Spain government-sanctioned €5.3 million (grant) to the company. Also, the company procured the mine (La Parrilla) and finalised the layout design followed by creating power source, water source, roadways infrastructure and site office facilities. The company was given access control of land inclusive of 20.3 hectares of Regua mine till June 19, 2020.

WRES Share price performance

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

While writing (as on 20 August 2019, at 03:27 PM GMT), WRES shares were trading at GBX 0.40 per share; flat as compared to the previous day closing price level. At the time of writing, the company’s M-cap (market capitalisation) was recorded at £24.47 million.

In the last year, WRES shares have touched a new peak of GBX 0.624 (as on 12 November 2018) and a bottom price level of GBX 0.372 (as on 06 August 2019). At the current trading level, as quoted in the price chart, its shares were trading at 35.89 per cent lower than the 52-week high price mark and 7.52 per cent higher than the 52-week low price mark.

While writing, the stock’s traded volume before the market close, was hovering around 11,632,706. Stock's average traded volume for 5 days was 19,261,967.00; 30 days- 16,305,788.13 and 90 days – 18,674,715.19. The company’s stock beta at 1.3 was inversely correlated as against the benchmark index.

At the time of writing, the shares of the company were faring below the 30-days and 60-days simple moving averages.

In the past 1 year, WRES shares have delivered a negative return of 2.41 per cent. Also, on a YTD (Year-to-Date) time interval, the stock plunged by approximately 24.30 per cent and was down by 8.99 per cent in the last three months.

The stock’s RSI (Relative Strength Index) was recorded at 44.02, 42.13 and 40.85 for the 30-days, 14-days and 9-days respectively. Also, the stock’s RSI was recorded at 25.30 (3-day).

 

Warpaint London PLC

Warpaint London PLC (W7L) is a company based in the United Kingdom, which deals in cosmetics across the UK and in international markets such as the EU and the US. It’s flagship brand W7 is quite popular and has a product line-up of around 500 items which are targeted towards people in the age bracket of 16-30. These products are sold across high street retail shops and dedicated beauticians across the domestic market as well as internationally.

Trading update for Full Year 2019

On 6th August 2019, a trading update was released by the company for current fiscal. As the domestic market remains challenging, the company has focused on generating revenues from international markets (the US and EU). The company expects the turnover to be around £50 million for FY19. In addition, the PBT (profit before taxation) is expected to be in the range of £6 million to £7 million excluding amortisation, exceptional items and other incentives. The company looks forward to declaring its half-year results for the period ended 30th June 2019 on 18th September 2019.

Financial highlights for FY18 period ended 31st December 2018

The company’s turnover surged by 49.2 per cent to £48.5 million in FY18 as against £32.5 million in FY17. The company’s profit (adjusted) from operations was recorded at £8.3 million in FY18 as against £7.7 million in FY17. The company’s adjusted EPS stood at 9.1 pence per share in FY18 as against 9.6 pence in FY17. The company’s net cash was recorded at £1.3 million by the end of FY18 as against £2.0 million by the end of FY17. The company’s cash generated from continuing operations was recorded at £4.3 million in FY18 as against £4.8 million in FY17. The company announced a final dividend of 2.9 pence per share and an annual dividend of 4.4 pence per share in FY18. The annual dividend was recorded at 4 pence per share in FY17. The company’s international turnover surged by 59.2 per cent to £25.1 million in FY18 as against £15.8 million in FY17.

Despite the turbulence faced by the company in FY18, the company is well set to take on future challenges; the company drives its growth from international markets.

W7L Share price performance

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

While writing (as on 20 August 2019, at 03:20 PM GMT), W7L shares were trading at GBX 58 per share; plunged by 7.2 per cent as compared to the previous day closing price level. At the time of writing, the company’s M-cap (market capitalisation) was recorded at £48.06 million.

In the last year, W7L shares have registered a high of GBX 274.80 (as on 24 September 2018) and a low of GBX 48.25 (as on 12 August 2019). At the current trading level, as quoted in the price chart, its shares were trading at 78.89 per cent below than the 52-week high price level and 20.20 per cent above the 52-week low price level.

While writing, the stock’s traded volume before the market close, was hovering around 95,387. Stock's average traded volume for 5 days was 52,646.80; 30 days- 48,535.17 and 90 days – 57,704.32. The company’s stock beta as on date was 3.17 which means it is thrice more volatile as against the benchmark index. The shares of the company (at the time of writing) were faring below the 30-days and 60-days simple moving averages.

In the past 1 year, W7L shares have delivered a negative return of 73.96 per cent. Also, on a YTD (Year-to-Date) time interval, the stock plunged by approximately 35.90 per cent and was down by 37.81 per cent in the last three months.

Share's RSI (Relative Strength Index) was recorded at 32.64, 37.34 and 45.25 for the 30-days, 14-days and 9-days respectively.

Sativa Group PLC

United Kingdom’s first listed cannabis investment vehicle, Sativa Group PLC (NXX: SATI) is the company which invests in cannabidiol and medicinal cannabis products in the United Kingdom. Earlier investment bets consist of Rapid Dose Therapeutics and Veritas Pharma Inc. in Canada. Apart from the United Kingdom, the company is making inroads in Germany also. At Germany, it’s sixty per cent owned subsidiary is slated to receive a governmental nod for wholesale and import license. It would help the company to dispense cannabis products in Germany.

Financial highlights for FY18

The company’s revenue was recorded at £260,000 in FY18. The company’s gross profit was recorded at £110,000 in FY18, reflecting a gross margin of 42 per cent. The company’s net assets were recorded at £4.97 million as on 31st December 2018. The company had a sound financial strength with cash recorded at £3.74 million at the end of FY18.

SATI Share price performance

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

On 20th August 2019, at the time of writing (before the market close, GMT 03:17 PM), SATI shares were trading at GBX 5.75, remained flat against the previous day closing price. Stock's 52 weeks High and Low is GBX 15.75 /GBX 4.30.

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