Updates On FTSE 250 Constituents Sophos Group Plc, Unite Group Plc and Finablr Plc

Updates On FTSE 250 Constituents Sophos Group Plc, Unite Group Plc and Finablr Plc
Sophos Group Plc

Sophos Group Plc (LSE: SOPH) is a United Kingdom domiciled information technology company providing cybersecurity solutions to its clients. The company has an extensive client base of 409,000 organizations of all shapes and sizes located in 150 countries. The company's services include defense against evolving cybercriminal tactics and techniques, including ransomware, malware, automated and active-adversary breaches, exploits, information phishing and data exfiltration. Sophos distributes its products globally through a network of 53,000 partners and Managed Security providers plus its services are also available through its portal.

The shares of the Company have their listing on the London Stock Exchange on the main market segment. Here the shares trade with the ticker symbol SOPH. The shares of the Company also form part of the FTSE 250 index.

Results Update

The Company on 06 November 2019 published its interim results for the six-month ending period on 30 September 2019.

  • The company for the six-month period reported a Group revenue of $365.8 million which is a growth of 5 per cent Year-On-Year. The subscription revenue of the Company remained its principal revenue driver for the six-month period growing by 8 per cent over the year-ago period; however, it was offset by 8 per cent reduction in revenue emanating from the company's hardware business.
  • For the interim period, the company Reported Group billings of $372.0 million, which is an increase of 5 per cent Year-On-Year. The company's Group net renewal rate for the period also improved to 121 per cent, whereas for the first half of FY19 the figure stood at 118 per cent.
  • The loss before tax of the company for the six-month period was $1.5 million, whereas for the first half of FY19 the company had earned a profit before tax of $26.0 million. The loss of the company for the six-month period has been on account of the adverse effects of the exceptional restructuring and legal costs suffered during the current period against the exceptional credit received in the previous comparative period.
  • The net cash flow of the Company for the six-month period from operating activities increased by 15 per cent Year-On-Year to stand at $93.8 million.

        

Source – Company’s Interim report published on 06 November 2019.

Stock price performance at the London Stock Exchange

Price Chart as on 07 November 2019, before the market close (Source: Thomson Reuters)

On 07 November 2019, at the time of writing the report (before the market close, GMT 9.34 AM), SOPH shares were trading on the London Stock Exchange at GBX 569.70.

The stock of the company has a 52-week High of GBX 587.23 and a 52-week low of GBX 273.40. The total market capitalization of the company at the time of writing this report was £2.80 billion.

Outlook

The company is firmly set on its path to transition its business to a next-generation cybersecurity business fully. The company's advanced capabilities in machine-learning, APIs, synchronized security, automation, managed threat response and its investment in cloud infrastructure provides it with significant leverage over its competitors to deliver enterprise-grade protection to client organizations of any shape and kind.

Unite Group Plc

Unite Group Plc (LSE: UTG) is the United Kingdom domiciled Real Estate Investment trust (REIT). The company develops, manages and owns purpose-built, student accommodations across the United Kingdom. The company claims itself to be a service provider to the United Kingdom's world-class education sector before anything else by providing accommodation to around 50,000 students in 130 properties spread across 22 universities in the United Kingdom and Scotland.

The shares of the company have a listing on the London Stock Exchange in the main market segment, where they trade with the ticker name UTG. The shares of the Company also form part of the FTSE 250 index.

News Update

The company on 06 November 2019, published an update on approval it has received from the CMA or United Kingdom Competition and Markets Authority for the acquisition of Liberty Living Group Plc.

  • The company in its release has stated that the CMA or United Kingdom Competition and Markets Authority has cleared the proposed acquisition of Liberty Living Group Plc without any condition. The consideration of £1.4 billion is from its holding company, Liberty Living Holdings Inc. This holding company is owned by Canada Pension Plan Investment Board.
  • From the deal, the company envisages a cost synergy of £4 million for the financial year 2020 and £15 million per annum beginning from 2021.

Stock price performance at the London Stock Exchange

Price Chart as on 07 November 2019, before the market close (Source: Thomson Reuters)

On 07 November 2019, at the time of writing the report (before the market close, GMT 09.36 AM), UTG shares were trading on the London Stock Exchange at GBX 1128.00.

The stock of the company has a 52-week High of GBX 1180.00 and a 52-week low of GBX 793.00. The total market capitalization of the company at the time of writing this report was £3.28 billion.

Outlook

The company believes that this acquisition of Liberty Living Group Plc is going to be transformative for both entities. This helps to bring together the best of two companies in this business in the United Kingdom. These companies have a wealth of experience and expertise in delivering value to university partners , students as well as shareholders.

Finablr Plc

Finablr Plc (LSE: FIN) is a United Kingdom domiciled financial services company providing Cross-Border Payments & Consumer Solutions, B2B & Payment Technology Solution and Consumer Foreign Exchange Solutions to individual consumers as well as corporate clients. During the year 2018 the company processed 150 million transactions worth U.S.$115 billion and as on the 31 December 2018 its client base stood at 25 million retail customers and 1500 corporate and institutional partners, including supermarkets, banks, financial institutions, mobile wallet operators, foreign exchange specialists, and payments and technology companies such as WeChat Pay, Google India and Samsung Pay.

The shares of the company have a listing on the London Stock Exchange in the Main Market Segment. There the shares trade with the ticker name FIN. The shares of the company also form part of the FTSE 250 index.

News Update

The company on 06 November 2019 came out with an update on the approval it has received from the court for a capital reduction process it intends to initiate.

  • The update states that the approval was received on 05 November 2019.
  • The purpose of the reduction is to create a distributable corpus in order to cater to the future dividend payment and other corporate requirements.
  • The nominal value per share of the company after the reduction would now stand at £0.01 per share in place £1.00 per share.

Stock price performance at the London Stock Exchange

The stock of the company has a 52-week High of GBX 191.40 and a 52-week low of GBX 133.01. The total market capitalization of the company at the time of writing this report was £1.19 billion.

Outlook

The capital reduction process will not reduce any liability of the company towards unpaid capital or the payment to any shareholders of any paid-up capital of the company.

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