Trading Updates On LSE listed G4M, LAND, MGGT and AGK

  • Nov 12, 2019 GMT
  • Team Kalkine
Trading Updates On LSE listed G4M, LAND, MGGT and AGK
Gear4music Holdings Plc

Gear4music Holdings Plc (G4M) is a York, United Kingdom domiciled largest online retailer of musical instruments and music equipment in the country which sells self-branded musical instruments and music equipment alongside well-known premium brands to musical enthusiasts and professionals. The group operates 20 websites in 15 languages and 9 currencies and retails over 51,500 SKUs across all major musical instrument and equipment categories to offer a wide range of products across for musicians of every proficiency. The operations of the group are differentiated in two geographical segments, namely UK and Europe & Rest of the World

The shares of the company have their listing on the London Stock Exchange in the Alternative Investment Market (AIM) segment, where they trade with the ticker name G4M.

Trading Update

The company on 12 November 2019 came out with its interim results for the six-month period ending on 30 September 2019.

  • The company’s operating profit for the period increased by £0.5 million over the corresponding previous year period and EBITDA was also up by 206 per cent to stand at £2.0 million.
  • The Gross margin of the company for the six-month period also improved by 250 basis points to stand at 25.2 per cent, which is reflective of the company’s focus on higher margin products.
Performance at the London Stock Exchange

Price Chart as on 12 November 2019, before the market close (Source: Thomson Reuters)

On 12 November 2019, at the time of writing the report (before market close, GMT 12.39 PM), G4M shares were trading on the London Stock Exchange at GBX 212.00.

The stock of the company has a 52-week High of GBX 569.86 and a 52-week low of GBX 154.00. The total market capitalization of the company at the time of writing this report was £50.79 million.

Outlook

Over the past four years the company’s revenues have grown by more than three and a half times. The company is also scaling up its infrastructure significantly and expects to rake in higher operating profit and EBITDA margins in future. The management of the company is confident that the full year results will be as per expectations.

Land Securities Group Plc

Land Securities Group Plc is a United Kingdom Domiciled Real Estate Investment trust (REIT). The company has two business verticals Retail portfolio and London Portfolio. The retail portfolio division owns and rents space to commercial establishments like shopping centers, shops, hotels, leisure assets and other such businesses while not including assets in London. The company’s London Portfolio division owns space in London and lends it for offices and shops.

The shares of the company have their listing on the London Stock Exchange in the Main Market segment. The shares trade there Under the ticker name LAND. The shares of the company also form part of the FTSE 100 index

Trading Update

The company on 12 November 2019 came out with its interim results for the six-month period ending on 30 September 2019.

  • The Loss before tax of the company for the six-month period stood at £147 million, whereas for corresponding period in 2018 the company had earned a profit of £42 million.
  • The Adjusted diluted earnings per share of the company for the six-month period was up by 0.3 per cent to stand at 30.4 pence.
Performance at the London Stock Exchange

Price Chart as on 12 November 2019, before the market close (Source: Thomson Reuters)

On 12 November 2019, at the time of writing the report (before the market close, GMT 1.04 PM), LAND shares were trading on the London Stock Exchange at GBX 893.20.

The stock of the Company has a 52-week High of GBX 983.20 and a 52-week low of GBX 731.80. The total market capitalization of the Company at the time of writing this report was £6.61 billion.

Outlook

The performance of the company has been relatively subdued for the six-month period on account of impending economic conditions prevailing in the United Kingdom. Though the company’s actual revenue profits have been in the green the company made losses due to valuation deficit. The next six-month period could be challenging for the company on account of further postponement of Brexit and the upcoming general elections.

Meggitt Plc

Meggitt Plc (MGGT) is a United Kingdom domiciled engineering company that offers advanced technologies, products and services. The company operates in 16 countries and focuses on three core sectors, namely aerospace, defence and energy. The differentiated technology and products of the company are underpinned by deep intellectual property, across a wide range of applications. The group’s operations are differentiated in five operating segments: Meggitt Equipment Group, Meggitt Sensing Systems, Meggitt Polymers & Composites, Meggitt Control Systems, and Meggitt Aircraft Braking Systems.

The shares of the company have their listing on the London Stock Exchange on the main market segment. There the shares trade with the ticker name MGGT. The shares of the company also form part of the FTSE 100 index.

Trading Update

The company on 12 November 2019 came out with its trading update on its third quarter performance for the year 2019.

  • The organic revenue of the company for the period grew by 11 per cent, driven by all the end market segments, especially aided by a strong revenue performance in Defence.
  • In the company’s Civil Aerospace vertical, Original Equipment revenues grew by 4 per cent. In the Defence business vertical, revenues grew by 20 per cent and in the Energy business vertical, revenues grew by 26 per cent in the third quarter.

Performance at the London Stock Exchange

Price Chart as on 12 November 2019, before the market close (Source: Thomson Reuters)

On 12 November 2019, at the time of writing the report (before market close, GMT 1.16 PM), MGGT shares were trading on the London Stock Exchange at GBX 624.00.

The stock of the company has a 52-week High of GBX 646.60 and a 52-week low of GBX 456.10. The total market capitalization of the company at the time of writing this report was £4.8 billion.

Outlook

As a result of the above performance the management is buoyant about the performance for the rest of the year. The management now is upgrading its guidance to a revenue growth of 6 per cent to 7 per cent instead of 4 per cent to 6 per cent guided previously, for the full year 2019.

Aggreko Plc

Aggreko Plc is a United Kingdom domiciled modular and mobile power provider also offering associated engineering services. The company rents its equipment’s across a range of geographies in advanced as well as emerging markets. The sectors served by the company are manufacturing, mining, oil & gas, construction and shipping to name a few.

The shares of the company have their share listing on the London Stock Exchange, in the main market segment. There the shares trade with the ticker name AGK. The shares of the company also form part of the FTSE 250 index.

Trading Update

The company on 12 November 2019 came out with its trading update on its third quarter performance for the year 2019.

  • The underlying revenues of the company for the nine months ending on 30 September 2019 was down by 2 percent compared to last year, with reported revenue of the company also down by 8 per cent.
  • When the company’s revenue from the Winter Olympics help in 2018 and early design revenue for the Olympics to be held in 2020 in Tokyo are excluded, the underlying revenue of the company was in line with that in the previous year.

Performance at the London Stock Exchange

Price Chart as on 12 November 2019, before the market close (Source: Thomson Reuters)

On 12 November 2019, at the time of writing the report (before market close, GMT 1.16 PM), AGK shares were trading on the London Stock Exchange at GBX 815.60.

The stock of the Company has a 52-week High of GBX 869.60 and a 52-week low of GBX 688.90. The total market capitalization of the Company at the time of writing this report was £2.04 billion.

Outlook

The earnings expectations of the company for full year 2019 are in line with the market expectations and it aims to deliver a ROCE which will be close to 15 percent in 2020.

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