Updates On Three FTSE 350 Stocks – Drax Group Plc, Informa Plc and William Hill Plc

  • Oct 29, 2019 GMT
  • Team Kalkine
Updates On Three FTSE 350 Stocks – Drax Group Plc, Informa Plc and William Hill Plc

Drax Group Plc

Drax Group Plc (DRX) is a Selby, the United Kingdom based electricity company that is involved in the business of electricity generation, especially for commercial and industrial users. The company is also engaged in the business of production of sustainable and compressed wooden pellets. Drax Group’s divisions include  the likes of Power Generation Division, that is involved in electricity generation based at the Drax Power Station, Biomass Supply Division, that is involved in the manufacturing of wooden pellets at its Operating spaces in the United States of America, as well as the Retail division, that is involved in the electricity supply to commercial and industrial users across the United Kingdom and wood pellets to the local thermal energy users. The company operates through various brands which include the likes of Drax Power, Haven Power, Drax Biomass and Billington Bioenergy.

DRX Latest Update

On 24th October 2019, the company announced the Reapproval of UK capacity market in a press release. The company reported that they noted the European Commission's decision made in relation to the State aid approval of the United Kingdom Capacity Market. This confirms that the UK Capacity Market is compliant with State help regulations. Post formal approval from the United Kingdom authorities, the company anticipates the Capacity Market to be allowed to be used in a short period of time, with full payments made, including those in retrospect for the capacity issued.

DRX Share Price Performance

On 29th October 2019, at 10:00 A.M. GMT, while writing, Drax Group Plc’s share price was trading at GBX 303.60 per share, a decrease of 1.36 per cent or GBX 4.20 per share as compared to the previous day’s closing price, which was reported to be at GBX 307.80 per share. While writing, the Drax Group Plc stock was trading 22.52 per cent above the 52-week low price, which was GBX 247.80 per share, set on October 04, 2019. This was also 29.83 per cent below the 52-week high price at GBX 432.69 per share, which the company’s stock set on November 13, 2018. The company’s market capitalisation was reported to be at GBP 1.220 billion.

By the time of writing, 182,000 of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 1.08 million stocks. The stock has reportedly lost 25.84 per cent in value in the last one year, from the price of GBX 409.40 per share.

The beta of the company’s stock has been reported to be at 1.4090. Through this, it can be inferred that the movement in the company’s stock is more volatile, in comparison to the movement of the benchmark market index.

Informa Plc

Informa Plc (INF) is a London, the United Kingdom based media company that is a global leader in the organisation of international events, insights intelligence and academic research circles. The company’s aim is to become a specialist in the field. Informa Tech, Informa Connect, Informa Markets, Informa Intelligence, and Taylor & Francis are five different divisions of the company. Its expert teams work for data-driven services and intelligence-based products. Informa is having a presence in more than 30 countries and is listed on London Stock Exchange.

INF Financial Performance

On 24th July 2019, the company announced its half-year results for the six months ended 30th June 2019. The company announced a robust revenue growth which was at 47.1 per cent reported growth and 3.4 per cent underlying growth, with a full period of UBM. The company also reported an Improved Adjusted Operating Profit growth at 48.0 per cent year on year reported growth and 8.2 per cent underlying growth as compared to the H1 2018. The company also highlighted that there was a higher Statutory Operating Profit at 65.5 per cent increase to £248.3 million in H1 2019 as compared to Statutory operating profit in H1 2018 at £150.0 million. The company also reported a Lower Adjusted Diluted Earnings per Share at GBX 23.2 per share in H1 2019 in comparison with GBX 24.6 per share in H1 2018, driven by the UBM acquisition and issue of new shares in June 2018. It was also highlighted that there were a comparable pro-forma Earnings Per Share growth of 17.1 per cent during the reporting period. The press release highlighted that Enhanced Free Cash Flow during the reporting period was at £306.4 million as compared to £131.1 million in the first half of 2018. An efficient Balance Sheet was highlighted by the company driven by a reduction in net debt as well as EBITDA to 2.7x, which was a little weak in comparison to H1 2018. As a reflection of this, the company proposed an increased Interim Dividend, up by 7.1 per cent to GBX 7.55 per share.

INF Share Price Performance

On 29th October 2019, at 9:45 A.M. GMT, while writing, Informa Plc’s share price was trading at GBX 765.80 per share, an increase of 0.42 per cent or GBX 3.20 per share as compared to the previous day’s closing stock price, which was reported to be at GBX 762.60 per share. While writing, the Informa Plc stock was trading 14.99 per cent below the 52-week high price, which was GBX 900.80 per share, set on July 29, 2019. This was also 27.04 per cent above the 52-week low price at GBX 602.80 per share, which the company’s stock set on January 03, 2019. The company’s market capitalisation was reported to be at GBP 9.546 billion.

By the time of writing, 168,820 of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 2.50 million stocks. The stock has reportedly gained 8.50 per cent in value in the last one year, from the price of GBX 705.80 per share.

The beta of the company’s stock has been reported to be at 0.7600. Through this, it can be inferred that the movement in the company’s stock is less volatile, in comparison to the movement of the benchmark market index.

William Hill Plc

William Hill Plc (WMH) is a company that engages in the provision of Gambling activities. The group's divisions include the likes of Retail business, Online activities as well as geographical divisions like the United States of America, Australia and Other countries. Providing customers with over more than a million betting chances every week. Other than online, the company is having the Retail division as well, which is the largest division generating almost half of the company’s net revenue. The group has a network of around 2,370 licensed betting offices across the UK.

WMH Financial Performance

For the 26 weeks ended 2 July 2019, the company released its half-year results on 9 August 2019. The company reported that the Adjusted operating profit was down 33 per cent to £76.2m displaying a £2 stake limit and investment in US Expansion. Net debt to EBITDA for covenant purposes was reported to be at 2.0 times, up from 1.0 times at the full year, and reported to have been in line with the expectations.

(Source: Company Website)

WMH Share Price Performance

On 29th October 2019, at 9:30 A.M. GMT, while writing, William Hill Plc’s share price was trading at GBX 199.80 per share, a decrease of 0.15 per cent or GBX 0.302 per share as compared to the previous day’s closing price, which was reported to be at GBX 21.10 per share. While writing, the William Hill Plc stock was trading 11.63 per cent below the 52-week high price, which was GBX 226.10 per share, set on October 31, 2018. This was also 55.59 per cent above the 52-week low price at GBX 128.41 per share, which the company’s stock set on June 03, 2019. The company’s market capitalisation was reported to be at GBP 1.749 billion.

By the time of writing, 209,290 of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 3.43 million stocks. The stock has reportedly lost 2.54 per cent in value in the last one year, from the price of GBX 205.00 per share.

The beta of the company’s stock has been reported to be at 0.6824. Through this, it can be inferred that the movement in the company’s stock is less volatile, in comparison to the movement of the benchmark market index.

 

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