Electrocomponents (ECM)

Sector:

Support

Index:

FTSE 250

533.50p
   
  • Change Today:
      33.00p
  • 52 Week High: 729.80
  • 52 Week Low: 449.60
  • Currency: UK Pounds
  • Shares Issued: 446.31m
  • Volume: 1,559,502
  • Market Cap: £2,381.06m
  • RiskGrade: 308

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FTSE 250 movers: Tullow tumbles, Games Workshop gains

By Duncan Ferris

Date: Wednesday 13 Nov 2019

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 was down by 0.91% at 20,240.28 in afternoon trading on Wednesday, as Tullow Oil pulled the index lower.

Shares in the oil and gas company tumbled after it cut its 2019 oil production guidance and said free cash flow for the year would be lower than expected due to issues at its Ghana field.

Hargreaves Lansdown analyst Nicholas Hyett said: "This is a salutary reminder that not all oil is made equal. Heavy and sulphurous crudes are expensive to refine and as a result attract bargain basement prices, that significantly undermines the commercial value of Tullow's Guyana assets - although the company hasn't given up hope of finding more profitable oil elsewhere in the basin."

Cineworld shares fell after an initiation at 'underweight' by analysts at Morgan Stanley.

Insurer Direct Line dropped after analysts at Goldman Sachs cut their price target for the stock from 320p to 290p ahead of the release of a trading statement next week.

Up at the other end of the index, miniature wargames retailer Games Workshop led the risers, while Electrocomponents recovered after having dropped on Tuesday when it reported a 4.3% drop in first-half pre-tax profit.

Analysts at RBC Capital Markets reduced growth forecasts and said that, while they remained fans of the industrial electronics distributor and its strategy, the business' comparatives remained tough and its outlook is uncertain.

B&M European Value Retail racked up solid gains, having slumped a day earlier after announcing a strategic review of its German business and reporting a fall in first-half profit.

Finally, JD Wetherspoon climbed after it backed its full-year expectations after posting a 5.6% increase in total sales for the 13 weeks to 27 October.

Market Movers

FTSE 250 (MCX) 20,240.28 -0.91%


FTSE 250 - Risers

Games Workshop Group (GAW) 5,640.00p 5.13%
Electrocomponents (ECM) 650.00p 3.17%
G4S (GFS) 208.20p 2.87%
B&M European Value Retail S.A. (DI) (BME) 366.10p 2.61%
Softcat (SCT) 1,135.00p 2.25%
Wetherspoon (J.D.) (JDW) 1,558.00p 2.16%
Syncona Limited NPV (SYNC) 232.00p 1.98%
Dechra Pharmaceuticals (DPH) 2,716.00p 1.65%
TBC Bank Group (TBCG) 1,382.00p 1.62%
Centamin (DI) (CEY) 112.75p 1.58%

FTSE 250 - Fallers

Tullow Oil (TLW) 150.40p -26.95%
Ferrexpo (FXPO) 128.40p -5.27%
Card Factory (CARD) 153.10p -4.97%
Watches of Switzerland Group (WOSG) 285.00p -4.84%
Cineworld Group (CINE) 208.20p -4.71%
Dixons Carphone (DC.) 120.65p -4.36%
Direct Line Insurance Group (DLG) 268.30p -4.28%
Airtel Africa (AAF) 67.50p -4.26%
Micro Focus International (MCRO) 1,067.00p -3.77%
Galliford Try (GFRD) 672.00p -3.59%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ECM Market Data

Currency UK Pounds
Share Price 533.50p
Change Today 33.00p
% Change 6.59 %
52 Week High 729.80
52 Week Low 449.60
Volume 1,559,502
Shares Issued 446.31m
Market Cap £2,381.06m
RiskGrade 308

ECM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.22% below the market average81.22% below the market average81.22% below the market average81.22% below the market average81.22% below the market average
64.81% below the sector average64.81% below the sector average64.81% below the sector average64.81% below the sector average64.81% below the sector average
Price Trend
16.99% above the market average16.99% above the market average16.99% above the market average16.99% above the market average16.99% above the market average
9.57% above the sector average9.57% above the sector average9.57% above the sector average9.57% above the sector average9.57% above the sector average
Income
58.34% below the market average58.34% below the market average58.34% below the market average58.34% below the market average58.34% below the market average
56.96% below the sector average56.96% below the sector average56.96% below the sector average56.96% below the sector average56.96% below the sector average
Growth
80.64% above the market average80.64% above the market average80.64% above the market average80.64% above the market average80.64% above the market average
86.92% above the sector average86.92% above the sector average86.92% above the sector average86.92% above the sector average86.92% above the sector average

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 3
Sell 0
Strong Sell 2
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ECM Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-19 13-Jun-19
Paid 08-Jan-20 25-Jul-19
Amount 5.90p 9.50p

Trades for 07-Apr-2020

Time Volume / Share Price
16:35 188,525 @ 529.02p
16:35 188,525 @ 529.02p
16:35 1,267 @ 533.50p
16:35 1,124 @ 533.50p
16:35 309,952 @ 533.50p

ECM Key Personnel

Chair Peter M Johnson

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