Updates on Four FTSE 350 Stocks; VOD, ULE, PFC and NG

  • Nov 09, 2019 GMT
  • Team Kalkine
Updates on Four FTSE 350 Stocks; VOD, ULE, PFC and NG

Vodafone Group Plc

Vodafone Group Plc (LSE: VOD) is the United Kingdom incorporated global telecommunication company with standalone operations in 24 countries, network partnerships in 41 and fixed broadband operations in 19 countries. The company was having around 640 million cellphone service subscribers, twenty one million fixed broadband service subscribers and fourteen million TV service subscribers (includes joint ventures and associates) as on 30 June 2019.

The shares of the company have their listing on the London Stock exchange in the main market segment. There the shares of the company trade with the ticker name VOD. The shares of the company also form part of the FTSE 100 Index.

News Update

The company on 4 November 2019 came out with an update regarding the change in the management structure of the company.

  • The company in the statement informed that it has appointed Vivek Badrinath as the Chief Executive Officer of its new European tower business vertical.
  • The company also announced that Shameel Joosub the current CEO of Vodacom Group, will now be taking up a position with the company’s Executive Committee.

Performance at the London Stock Exchange

Price Chart as on 08 November 2019, before the market close (Source: Thomson Reuters)

On 08 November 2019, at the time of writing the report (before the market close, GMT 1.41 PM), VOD shares were trading on the London Stock Exchange at GBX 163.40.

The stock of the company has a 52-week High of GBX 171.78 and a 52-week low of GBX 122.22. The total market capitalization of the company at the time of writing this report was £43.87 billion.

Outlook

The company has split its tower business from the main company and has named it as TowerCo which shall start operating on its own from May of 2020. The business reorganization has been done to take advantage of network capacity sharing in order to achieve greater efficiencies and monetize on the surplus capacities available with the company.

Ultra Electronics Holdings Plc

Ultra Electronics Holdings Plc (LSE: ULE) is the United Kingdom domiciled defense engineering solutions provider. The company provides its services in the highly regulated space of maritime reconnaissance, intelligence and communications.

The company’s shares have a listing on the London Stock Exchange in the main market segment. There its shares trade with the ticker name ULE. The shares of the company also form part for the FTSE 250 index.

Performance update

The company on 6 November 2019 came out with an update on its performance over its nine months period to 30 September 2019.

  • The company in the update informed that since the day of the announcement of its interim results, there has been a healthy increase in its order books, and that the company is in line to meet its guidance for the full year.

Performance at the London Stock Exchange

Price Chart as on 08 November 2019, before the market close (Source: Thomson Reuters)

On 08 November 2019, at the time of writing the report (before the market close, GMT 1.45 PM), ULE shares were trading on the London Stock Exchange at GBX 2094.00.

The stock of the company has a 52-week High of GBX 2294.00 and a 52-week low of GBX 1200.00. The total market capitalization of the company at the time of writing this report was £1.47 billion.

Outlook

The company’s client base is growing, and its strong technology base has positioned it well to benefit from its current and potential future programs.

Petrofac Ltd

Petrofac Ltd (LSE: PFC) is the United Kingdom based engineering and other associate services provider for the international Oil & Gas Industry. The company set-up in 1981 with a modular plant fabrication unit in Tyler Texas, has now grown to have 24 offices in various countries, with operational offices located in Aberdeen, Sharjah, Wiking, Chennai, New Delhi, Mumbai, Abu Dhabi, Kuala Lampur and in Saudi Arabia.

The shares of the company have a listing on the London Stock Exchange on the main market segment where its shares trade with the ticker name PFC. The shares of the company also form part of the FTSE 250 Index.

Dividend Update

The company on 25 September 2019 came out with an update on the interim dividend payment for the first half of 2019.

  • The company in its announcement informed that the exchange rate for the payment of the interim dividend will be GB£1 = US$1.2427.
  • The interim dividend for the six-month period was paid on Friday, 18 October 2019 to shareholders whose names appeared on the registers of the company on the close of business day on 20 September 2019

Performance at the London Stock Exchange

Price Chart as on 05 November 2019, before the market close (Source: Thomson Reuters)

On 05 November 2019, at the time of writing the report (before the market close, GMT 1.36 PM), PFC shares were trading on the London Stock Exchange at GBX 398.70.

The stock of the company has a 52-week High of GBX 604.00 and a 52-week low of GBX 373.869. The total market capitalization of the company at the time of writing this report was £1.39 billion.

Outlook

The Dividend paid was the pound Sterling equivalent of the final dividend of 12.70 US cents per ordinary share amounting to 10.21 pence per Share.

National Grid Plc

National Grid Plc (LSE: NG) is the United Kingdom Domiciled electricity and gas utility company. The main business of the company comprises of transmission and distribution of electricity and gas in the United Kingdom and in the United States of America.

The shares of the company have their listing on the main market segment of the London Stock Exchange where they are traded under the ticker name NG.

News Update

The company on 2 October 2019 came out with a news update on the pricing dispute settlement order it received from the Massachusetts Department of Public Utilities in the United States of America.

The order gives company its consent to a five-year rate plan which will provide a ROE of 9.6 per cent to the company on the back of an equity ratio of 53.5 per cent with potential revenue increase of US$ 38 million.

Performance at the London Stock Exchange

Price Chart as on 05 November 2019, before the market close (Source: Thomson Reuters)

On 05 November 2019, at the time of writing the report (before the market close, GMT 1.49 PM), NG shares were trading on the London Stock Exchange at GBX 891.10.

The stock of the company has a 52-week High of GBX 926.70 and a 52-week low of GBX 744.50. The total market capitalization of the company at the time of writing this report was £30.94 billion.

Outlook

The company is entering into a new business segment of providing decentralised power storage for electrical vehicles which will become the main stay of the company in years to come.

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