Updates On CSH And PRV

Updates On CSH And PRV
Civitas Social Housing PLC (CSH) Civitas Social Housing PLC is a United Kingdom-based REIT. The Company creates value for its shareholders by making investments in England and Wales within the housing sector. The company also invests in creating homes for people who need supported living with other support requirements as well. The company has a diversified portfolio of social homes across England and Wales providing accommodation for tenants which are registered with local authorities. Civitas Housing Advisors Ltd is the investment advisor and G10 Capital Ltd is the alternative investment fund manager for Civitas Social Housing PLC. Recent News The company will report results for the Financial Year ending March 31, 2019 today, i.e. Monday, June 24, 2019. Financial Highlights for the Financial Year 2019 (£, thousand) (Source: Company filings, LSE)   In FY2019, net rental revenue expanded by 92 per cent to GBP 35.7 million. The Profit before tax stood at £19.9 million this Financial Year as against £36.9 million in FY18. The Basic EPS of the company stood at 4.67 pence in FY19 as against 10.55 pence in FY18. Similarly, EPS (diluted) of the company stood at 4.22 pence in FY19 as against 6.27 pence in FY18. At the end of the period, the property portfolio of the company was valued at £820.1 million, which surged from £516.2 million and included a revaluation gain of £3.7 million. The NAV (IFRS) of the company has surged by 1.5 per cent to 107.08 pence per share for the period. The Company has declared total dividends of 5.075 pence per share for the year ended 31 March 2019, comprised of three quarterly dividends on the shares of 1.25 pence (in line with the projections) and a final dividend of 1.325 pence per Ordinary share, a surge of 6 per cent over the equivalent quarter. The Company aims to offer a dividend of 5.3 pence per share (projected) for the financial year ending 31 March 2020. During the period, a total of 177 properties were acquired, having met the strict due diligence requirements of the company. The Company as of now provides homes to over 4,000 tenants with learning disabilities, autism, mental health disorders and for women’s refuge. The UK has a chronic shortage of supported housing, with demand expected to increase further due to a range of factors including medical advances at birth and a growing and ageing population. The Company will continue to build on the successful and disciplined deployment to date and to seek opportunities to further enhance its portfolio within the capital resources. The company is reviewing properties which are under negotiation and in various stages of due diligence. Civitas Social Housing PLC Share price performance Daily Chart as at June-24-19, before the market close (Source: Thomson Reuters)   At the time of writing (as on June 24, 2019, at 10:30 AM GMT), shares of Civitas Social Housing PLC were quoting at GBX 79.3 per share; up by 0.63 per cent against the yesterday's closing price level. The company had an outstanding market capitalisation of £490.50 million. In the last 52-weeks, shares of Civitas Social Housing PLC have registered a high of GBX 114 (as on Sep 14, 2018) and a low of GBX 76.10 (as on Jun 13, 2019). At the current trading level, as quoted in the price chart, its shares were trading 30.43 per cent below the 52-week high price level and 4.20 per cent above the 52-week low price level. The stock’s volume (before the market close, at the time of writing) today stood at 142,133. Stock's average traded volume for 5 days was 3,865,894.00; 30 days- 1,862,713.50 and 90 days – 1,898,263.94. The average traded volume for 5 days was up by 107.54 per cent as compared to the 30 days average traded volume. The company’s stock beta was 0.14, reflecting significantly lower volatility as compared to the benchmark index. The shares of the company (at the time of writing) were trading below the 30-days and 60-days SMA, which shows a negative trend in the stock price movement and could further move down from the current trading levels. In the past 1 year, shares of Civitas Social Housing PLC have delivered a negative price return of 23.12 per cent. Also, on a year-to-date basis, the stock was down by approximately 26.01 per cent and plunged by 17.75 per cent in the past three months. Share's RSI for the 30-days, 14-days and 9-days stood at 36.24, 38.21 and 41.38 respectively. Also, the stock’s 3-days RSI stood at 62.43. The volatility of the stock for 200 Days, 90 Days, 30 Days stood at 18.47, 18.57 and 22.09 respectively.   Porvair PLC (PRV) Porvair PLC is a dedicated filtration and environmental technology company which specialises in development, design and manufacturing of filtration equipment. The segments in which the company operates are Metals Filtration and Microfiltration. The Metals Filtration division is into manufacturing space making porous ceramic filters for industrial use. The Microfiltration Division is into manufacturing space making exclusive specialised filtration equipment for application in science and technology. It is now counting on its forte to manufacture turbine blades, solar panels and energy storage. It has various subsidiaries such as Porvair Filtration Group, Seal Analytical, Porvair Sciences and Selee Corporation. The plants of the company are in the United Kingdom, Germany, China and the United States. Recent News The company had consistently done well, delivering revenue growth of 20 per cent in the period.  Profit for the period and earnings per share are expected to exceed from the previous year, which is in line with management's expectations. The net cash of the company stood above £3 million for H1 FY19. The company also invested around £3 million in capital expenditure and acquisitions for the same period. The Group interim results had been announced today i.e. Monday 24 June 2019. The company was pleased to appoint Jasi Halai as an independent Non-Executive Director of the Company with effect from 18 June 2019. Financial Highlights for H1 FY19 (£, million) (Source: Company filings, LSE)   The revenue was up by 21 per cent to £72 million during this period as against £59.7 million in H1 FY2018. The operating profit stood at £7.8 million, up by 39 per cent during this period as against £5.6 million in H1 FY18. The Profit before tax was up by 41 per cent to £7.4 million as against £5.2 million in H1 FY18. The basic EPS (Adj.) was up by 36 per cent to 12.9 pence for H1 FY19 as against 9.5 pence in H1 FY18. The basic EPS stood at 12.4 pence for H1 FY19 as against 10.7 pence in H1 FY18. The net cash stood at £3.2 million for this period as against £2.2 million in H1 FY18. The company invested in acquisitions and capital expenditure to the tune of £2.8 million during this period as against £7 million in H1 FY2018. The company increased the interim dividend to 1.7 pence per share; a rise of 6 per cent from 1.6 pence in H1 FY18. Porvair PLC Share price performance Daily Chart as at June-24-19, before the market close (Source: Thomson Reuters)   At the time of writing (as on June 24, 2019, at 11:12 AM GMT), shares of Porvair PLC were quoting at GBX 582 per share; up by 3.19 per cent against the yesterday's closing price level. The company had an outstanding market capitalisation of £257.73 million. In the last 52-weeks, shares of Porvair PLC LC have registered a high of GBX 620 (as on Jun 12, 2019) and a low of GBX 401 (as on Dec 10, 2018). At the current trading level, as quoted in the price chart, its shares were trading 6.12 per cent below the 52-week high price level and 45.13 per cent above the 52-week low price level. The stock’s volume (before the market close, at the time of writing) today stood at 40,429. Stock's average traded volume for 5 days was 13,586.60; 30 days- 35,883.80 and 90 days – 42,097.21. The average traded volume for 5 days was down by 62.14 per cent as compared to the 30 days average traded volume. The company’s stock beta was 0.69, reflecting slightly lower volatility as compared to the benchmark index. The shares of the company (at the time of writing) were trading above the 30-days and 60-days SMA, which shows a positive trend in the stock price movement and could further move up from the current trading levels. In the past 1 year, shares of Porvair PLC have delivered a positive price return of 13.94 per cent. Also, on a year-to-date basis, the stock was up by approximately 36.07 per cent and surged by 1.99 per cent in the past three months. Share's RSI for the 30-days, 14-days and 9-days stood at 55.10, 54.99 and 54.13 respectively. Also, the stock’s 3-days RSI stood at 32.24. The volatility of the stock for 200 Days, 90 Days, 30 Days stood at 31.52, 26.54 and 28.28 respectively.

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