Xpediator (XPD) & Clipper (CLG): 2 logistics stocks to buy now

October 13, 2021 11:19 AM BST | By Priya Bhandari
 Xpediator (XPD) & Clipper (CLG): 2 logistics stocks to buy now
Image source: Ondra Vacek, Shutterstock.com

Highlights

  • UK Finance Minister Rishi Sunak urges G7 nations to work together to tackle the supply chain disruption.
  • The Chancellor is also likely to call on G7 finance ministers to use IMF issued Special Drawing Rights (SDR) to boost support for vulnerable nations.

UK’s Finance Minister Rishi Sunak on Wednesday called for global action to deal with the supply chain disruption challenge. The Chancellor of Exchequer urged the Group of Seven rich nations to work more closely against the supply chain bottlenecks, which has negatively affected the global economic recovery from the COVID-19 pandemic.

Rishi Sunak is meeting G7 and G20 finance ministers in Washington this week and will encourage them to work together to address the supply chain crisis and making it more resilient in future.

Earlier, the International Monetary Fund (IMF) has also warned that the global supply chain crises will lead to a rise in inflation and may delay economic recovery from the pandemic.

The UK has additionally been hit with the post-Brexit trade barriers, strict immigration rules and shortage of HGV drivers that are affecting the business of supermarkets and petrol stations amid warnings that there may be a crisis of salt gritter drivers this winter. Natural gas and energy prices are skyrocketing across Europe, which resulted in a shortage of carbon dioxide used to daze farm animals before butcher, and British petrol stations are running dry of fuel.

Chancellor of Exchequer- Rishi Sunak

©2021 Kalkine Media

Related read: How can CO2 supply deal benefit UK businesses?

The Chancellor, who is on his first official visit to the United States, is also likely to call on G7 finance ministers to use international monetary fund (IMF) issued Special Drawing Rights (SDR), which is a type of international reserve asset, to boost support for vulnerable nations and would encourage other rich nations to redirect their share in the IMF’s new $650 billion grant of its internal currency to poorer countries to boost response to climate change, healthcare and support sustainable economic growth.

In view of this development, let us look at two of the UK logistics stocks and how they are performing on the stock market.

Xpediator Plc (LON: XPD)

Xpediator Plc is a leading international freight management business that offers logistics, freight forwarding and transport support services across the UK and Europe.

The company’s H1 2021 revenue rose by 27.10% to £126.6 million from £99.6 million in H1 2020, and its adjusted profit before tax rose by 71.42% to £3.6 million from £2.1 million in H1 2020. 

Xpediator Plc’s shares were trading flat at GBX 58.75 as of 10:12 AM GMT+1 on 13 October 2021. The company’s current market capitalization stands at £83.24 million, and it has given a return of 118.48% in 1 year. Its YTD returns stand at 73%. 

Also read: Where does UK get its gas supply from?

Clipper Logistics Plc (LON: CLG)

Clipper Logistics Plc is a retail logistics business that offers e-fulfillment, logistics and returns management solutions to the retail sector.

The company’s revenue for the year ended 30 April 2021 rose by 39.1% to £696.2 million from £500.7 million in the same period a year ago. Its profit after tax rose by 33.8% to £21.7 million from £16.2 million in the same period a year ago. 

Clipper Logistics Plc’s shares were trading at GBX 682.00, up by 0.29% as of 10:14 AM GMT+1 on 13 October 2021. The company’s current market capitalization stands at £695.67 million, and it has given a return of 31.85% in 1 year. Its YTD returns stand at 18.99%.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next