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Mirriad Advertising Plc
Mirriad Advertising Plc (LON:MIRI) is a technology company headquartered in the United Kingdom. The focus of the company is to develop native in-video advertising ("NIVA"). The company has developed a way for adverts to be âinsertedâ into films and television shows streamed online. The companyâs market-first solution flawlessly combines with the already working subscription and advertising models and substantially enhances the viewer experience by restricting commercial disturbances. The company currently operates in Europe, the United Kingdom, the United States, and China.
MIRI â Trading Updates
On 05th February 2020, the company announced its Year-end trading update.
The company's directors affirmed that the latest management team and business are successfully executing the strategy & plan, which was communicated with shareholders in the year 2019. It was stated that the trading remained in line with the estimation given to the market in July 2019.
As per the companyâs information, the revenue is expected to be 2.74 times higher for the year 2019 as compared to the year 2018 figures. The full-year revenue is expected to be at £1.14 million in the year 2019 as compared £416K of 2018 full-year revenues.
The company has stated that it continues to sign structural agreements with distributors and broadcaster in the United Kingdom. The company signed up this broadcaster its first broadcaster agreement in the UK with Channel 4 in Q4 2019 after the conclusion of successful tests.
Mirriad Advertising Plc anticipates the cash resources of £19.1 million at the end of 2019, with monthly cash expenditure over the year averaging marginally below £1 million per month.
In the United States, the company is in talks with various with tier-one streaming platforms and networks and has signed contracts with two international media companies in the final month of 2019. The two media companies are Condé Nast, engaged in producing some of the world's leading video, digital & social brands and Tastemade, whose leading home, food and travel content reached 0.3 billion monthly active viewers.
MIRI - Stock Price Performance
On 06th February 2020, at around 09:05 AM (GMT), by the time of writing this report, the stock of Mirriad Advertising Plc was trading at a price of GBX 13.80 per share on the London Stock Exchange market, a decrease in the value of around 3.16 per cent or GBX 0.45 per share, as opposed to the price of the stock on the previous trading day, which has been reported to be at GBX 56.50 per share.
At the time of writing, the market capitalisation of Mirriad Advertising Plc was GBP 30.37 million with regards to the current market price of the stock.
The share price of MIRI recorded at GBX 24.91 as on 28th June 2019, was its 1-year peak price, whereas the share price recorded at GBX 4.02 as on 05th March 2019 was the 1-year low share price. The current share price was lower by 44.75 per cent from the 1-year high price; whereas the current share price was higher by 243.28 per cent from the 1-year low price.
In last one-year Mirriad Advertising Plcâs stock has given a negative return of 8.53 per cent. The Free Float and outstanding share of MIRIâs were reported at 204.3 million and 213.11 million, respectively.
MIRI - Outlook
The company is continuously making strong progress after the large-scale strategic reset in the year 2019. It had signed a contract with Tencent in July 2019, which is progressing successfully and there has been an increase in the number of advertisers with growing interest from global advertisers.
Lookers Plc
Looker Plc (LON:LOOK) is a prominent retail motor and after-sales services company in the United Kingdom. It is listed on the London stock exchange and operates under FTSE All-Share index. The companyâs strategy is to have the right brands in the right locations, alongside best services and vow to deliver one of the best experiences for the retail customers. The company has presence all across Ireland and the United Kingdom through 164 franchise dealerships.
LOOK â Trading Updates
On 05th February 2020, the company announced a trading update for the 12 months ended 31st December 2019.
The UK's new car registration decreased by 2.4 per cent to 2.3 million units during the year 2019. However, the Group's like-for-like sales were reported slightly better for new vehicles, as compared to the overall market in the year 2019.
In the fourth quarter of the year 2019, the Group's like-for-like unit sales of new vehicles decreased by 6.6 per cent (Third quarter decrease was of 3.2 per cent) compared to the UK market decrease in new vehicle registrations of 1.6 per cent (third-quarter decrease was of 0.6 per cent).
In the fourth quarter of the year 2019, the used car market stayed stable. The Like-for-like sales of used cars rose by 3.8 per cent (third quarter rise was of 2.6 per cent). In the fourth quarter of the year 2019, the Group remained focused on enhancing the profile and reducing its used vehicle inventory. The margin stabilisation reported in the third quarter of the year 2019 persisted into the fourth quarter of the year as well.
The Like-for-like gross profit in the fourth quarter of the year 2019 was largely flat (third quarter increased by 2.9 per cent), with the corresponding period in the year 2018.
The net debt as at 31st December 2019 was reported at around £62.0 million (31st December 2018: £86.9 million), which represents less than one times of underlying EBITDA.
As a part of the consolidation, four locations of the company were sold, leading to profits of £8.3 million. The company is planning to sell the remaining and other legacy surplus properties during the year 2020.
LOOK - Stock Price Performance
On 06th February 2020, at around 08:49 AM (GMT), by the time of writing this report, the stock of Looker Plc was trading at a price of GBX 57.28 per share on the London Stock Exchange market, an increase in the value of around 1.38 per cent or GBX 0.78 per share, as opposed to the price of the stock on the previous trading day, which has been reported to be at GBX 56.50 per share. At the time of writing, the market capitalisation of Looker Plc was GBP 220.43 million with regards to the current market price of the stock.
The share price of LOOKâs recorded at GBX 109.80 as on 07th March 2019, was its 1-year peak price, whereas the share price recorded at GBX 33.70 as on 12th July 2019 was the 1-year low share price. The current share price was lower by 47.83 per cent from the 1-year high price; whereas the current share price was higher by 69.9 per cent from the 1-year low price.
The beta of the stock has been reported at a value of 0.55, which means the movement of the share price of the company, is less volatile, as opposed to the movement in the comparative benchmark index.
In last one-year Looker Plcâs stock has given a negative return of 47.03 per cent. The Free Float and outstanding share of LOOK stock reported at 302.65 million and 390.14 million, respectively.
Look - Outlook
The year 2019 was very challenging for the industry as on whole. In the new year, the group is working on operational execution improvement and tough management of discretionary costs. The Group is also reviewing its capital allocation priorities and is also targeting prudent levels of gearing.
