Jersey Electricity 'A' Shares (JEL)

Sector:

Electricity Generation and Distribution

Index:

FTSE Fledgling

 470.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 482.00
  • 52 Week Low: 413.00
  • Currency: UK Pounds
  • Shares Issued: 11.64m
  • Volume: 417
  • Market Cap: £54.71m
  • RiskGrade: 32

Jersey Electricity has 'sufficient resources' following strong year

By Iain Gilbert

Date: Monday 21 May 2018

LONDON (ShareCast) - (Sharecast News) - AIM-quoted power provider Jersey Electricity turned in an improved performance across the board on Monday.
Jersey saw group revenues increase 4% to £60.5m across the first six months of its trading year, with £1m coming from a higher level of electricity unit sales and £800,000 from its Powerhouse.je retailing business, all of which led to an 8.9% jump in pre-tax profits to £9.7m.

Earnings per share rose to 24.9p from 22.9p and Jersey declared an interim dividend of 6.1p compared to 5.8p for 2017.

The firm saw the cost of sales increase 5.6% to £37.5m as a result of higher import costs in and higher sales activity at Powerhouse.je and operating expenses dip 3% to £12.6m as a result of a "general reduction in overhead costs".

Jersey posted a 31.2% year-on-year reduction in net debt to £20.2m.

Unit sales of electricity rose 2%, from 361m to 368m kWh and revenue in Jersey's retail business rose by 11% to £7.9m, pushing profits ahead 23% to £600,000.

Looking forward, Jersey said, "Your Board is satisfied that Jersey Electricity has sufficient resources to continue in operation for the foreseeable future, a period of not less than 12 months from the date of this report. Accordingly, we continue to adopt the going concern basis in preparing the condensed financial statements."

As of 1020 BST, Jersey shares had grown 1.02% to 478.86p.

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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.

 

JEL Market Data

Currency UK Pounds
Share Price 470.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 482.00
52 Week Low 413.00
Volume 417
Shares Issued 11.64m
Market Cap £54.71m
RiskGrade 32

JEL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.09% above the market average87.09% above the market average87.09% above the market average87.09% above the market average87.09% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Price Trend
73.04% above the market average73.04% above the market average73.04% above the market average73.04% above the market average73.04% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Income Not Available
Growth
50.62% below the market average50.62% below the market average50.62% below the market average50.62% below the market average50.62% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

JEL Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jun-20 20-Feb-20
Paid 26-Jun-20 26-Mar-20
Amount 6.80p 9.25p

Trades for 10-Jul-2020

Time Volume / Share Price
09:10 417 @ 478.00p

JEL Key Personnel

CEO Christopher Ambler
Finance Director Martin Magee
Chair Philip Austin

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