Two FTSE Stocks Under Focus: Jubilee Metals Group PLC and Nanoco Group PLC

Two FTSE Stocks Under Focus: Jubilee Metals Group PLC and Nanoco Group PLC

Jubilee Metals Group PLC

London, the United Kingdom-based Jubilee Metals Group PLC (JLP) is a diversified metal development company. The group focuses on reprocessing of historical surface mine waste and materials with an aim to obtain long-term, low-capital intensive, low-risk commodity output from waste materials of mine surface.

JLP-Recent News

The company previously acquired rights for chrome contained at Inyoni by entering into an agreement with NewCo. The chrome rights will benefit the company in unlocking the economic value of its Inyoni operations and the company shall reap benefits from the market solely which wasn’t the case earlier as chrome was previously returned to Hernic. The right addition of Hernic will lead to add a further 8000 to 10000 tonnes per month of chrome concentrate to the production facility with negligible operating costs (already absorbed) and no additional risk faced by the company.

The company announced that the JV PGM Plant (PGM recovery plant) aimed for the improvement of the PGM rich material owned with its subsidiary Windsor PGM Project (Windsor SA) had effectively been commissioned and was wholly operational in early September.  In its first operational month of August 2019, the Windsor PGM Project generated 1,346 PGM ounces.

JLP-Six Months Operations Update (as on 5th August 2019)

The company’s revenue increased by 75 per cent to £14.36 million as compared to H2 FY18. Operational earnings surged by 47 per cent to £5.64 million against the H2 FY18. In H1 2019, production of chrome concentrate surged to reach 164,936 tonnes with both the Windsor chrome and the DCM fine chrome operations brought on-line.

In June 2019, the joint venture Platinum Group Metal (PGM) retrieval plant for the Windsor Platinum Group Metal project begun commissioning, through the grinding circuit and this circuit was critical for attaining high retrievals of PGMs being fetched into operation in July 2019. During H1 2019, Windsor PGM project has delivered PGM rich material of 212.6 thousand tonnes. The company expects to continue its strong performance in the full year due to the speeding up of the Kabwe vanadium, zinc and lead project, following the acquisition of the Sable Zinc Kabwe Limited refinery in Zambia.

The company faces political risk and potential nationalisation, although they believe the latter would face significant hurdles. The company’s operations are impacted by multiple risks and uncertainties, such as the impact of volatility of commodity prices, currency fluctuations, environmental risks, government regulation, etc. The company had shown a decent trend in top-line and bottom-line performance in the current period.

JLP-Share price performance

(Source: Thomson Reuters)

While writing (as on 06th November 2019, at 10:30 AM GMT), Jubilee Metals Group PLC shares were trading at GBX 4.32 per share. The company’s market capitalisation was around £83.49 million.

JLP shares have clocked a high of GBX 4.90 (as on 04th November 2019) and a low of GBX 2.03 (as on 22nd November 2018) in the past year. At the current price point, as quoted in the price chart, the company’s shares were trading 11.83 per cent below the 52-week high price point and 112.80 per cent above the 52-week low price point.

At the time of writing, the stock’s volume before the market close, stood at 4,018,537. Stock's average daily traded volume for 5 days was 8,146,767.80; 30 days- 4,687,447.13 and 90 days – 3,193,348.88. The company’s stock beta (5Y monthly) was 1.22, which makes it more volatile as against the benchmark index.

The average daily traded volume for 5 days surged by 73.80 per cent as against 30 days average daily traded volume. At the time of writing, the shares of the company were trading above the 30-days and 60-days SMA.

In the past 1 month, JLP shares have delivered a positive return of 42.86 per cent. Also, on a YTD (Year-to-Date) time interval, the stock surged by approximately 87.50 per cent and was up by 40.63 per cent in the last three months.

 

Nanoco Group PLC

Headquartered in Manchester, the United Kingdom, Nanoco Group PLC (NANO) is engaged in designing, developing and manufacturing of semiconductor nanomaterials and quantum dots for commercial purposes such as for use in lighting, displays, solar energy and bio-imaging that are used as a an input to assemble the final product. The research and development of the company is done in Manchester, while the manufacturing facilities exist in Runcorn.

NANO-Financial Highlights for FY 2019

The company’s revenue and other operating income surged by 112 per cent to £7.3 million in FY19 as against £3.5 million in FY18. This was largely driven by the increase in revenue from the United States, where revenue rose from £3.31 million to £7.12 million. The company’s cost of sales surged by £0.3 million to £0.7 million in FY19 as against £0.4 million in FY18 on the backdrop of increased sales. In addition, the company’s gross profit surged from £2.88 million in FY18 to £6.45 million in FY19 while the gross margins were sustained. The company’s research and development expenses stood at £4.38 million and administrative expenses at £7.76 million resulting an increase in total operating expenses. The company incurred an operating loss of around £5.48 million and an adjusted operating loss of £5.0 million. The company’s adjusted LBITDA decreased by £2.4 million to £3.8 million in FY19 as against £6.2 million in FY18. The company’s loss before taxation was recorded at £5.5 million in FY19 as against £7.4 million in FY18. The company’s basic and diluted loss per share reduced to 1.52 pence in FY19 as against a loss of 2.21 pence in FY18. The company’s billings surged by £3.1 million to £9.6 million in the fiscal year 2019. The company had cash balances of £7.0 million in the financial year 2019 as compared to £10.7 million in the financial year 2018.

The company is using its domain expertise and newly developed materials in the field of infra-red sensing, which would help the company in regaining momentum in the business and engage with potential customers and applications in this sector.

The company was granted 745 patents in FY19 as compared to 654 patents in FY18. The company has shown rapid improvements in its technology platform and has made considerable progress in dot performance.

NANO-Share price performance

(Source: Thomson Reuters)

While writing (as on 06th November 2019, at 10:36 AM GMT), Nanoco Group PLC shares were trading at GBX 14.70 per share. The company’s market capitalisation was around £45.79 million.

NANO shares have clocked a high of GBX 55.50 (as on 25th February 2019) and a low of GBX 6.00 (as on 21st June 2019) in the past year. At the current price point, as quoted in the price chart, the company’s shares were trading 73.51 per cent below the 52-week high price point and 145 per cent above the 52-week low price point.

At the time of writing, the stock’s volume before the market close, stood at 605,217. Stock's average daily traded volume for 5 days was 1,299,671.60; 30 days- 1,208,863.63 and 90 days – 1,301,440.24.

The average daily traded volume for 5 days surged by 7.51 per cent as against 30 days average daily traded volume. At the time of writing, the shares of the company were trading above the 30-days and 60-days SMA.

In the past 1 month, NANO shares have delivered a positive return of 45.45 per cent. Also, on a YTD (Year-to-Date) time interval, the stock plunged by approximately 58.22 per cent and was up by 18.52 per cent in the last three months.

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