Hansard Global (HSD)

Sector:

Insurance

Index:

FTSE Fledgling

31.30p
   
  • Change Today:
      0.60p
  • 52 Week High: 48.00
  • 52 Week Low: 23.70
  • Currency: UK Pounds
  • Shares Issued: 137.45m
  • Volume: 14,324
  • Market Cap: £43.02m
  • RiskGrade: 229

Profits slip as Hansard Global works to re-focus business

By Josh White

Date: Thursday 26 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Specialist long-term savings provider Hansard Global reported an improvement in new business sales to £155.9m in its final results on Thursday, from £146.6m a year earlier.
The AIM-traded firm said its IFRS profit after tax fell to £4.6m for the year ended 30 June, however, from £6.8m a year earlier, while its underlying profit was £6.1m, down from £8.6m.

It said its operating cash surplus for the period was £20.6m, down from £25m year-on-year, while IFRS earnings per share fell to 3.3p from 4.9p.

The board recommended a final dividend of 2.65p per share for the year, precisely in line with its distribution at the end of the 2018 financial year.

As at 30 June, Hansard's assets under administration stood at £1.08bn, up from £1.04bn year-on-year, while its reported value of in-force slipped to £140m from £144m.

"Our 2019 results reflect a year of change for the group, as we have refocused the business to deliver future growth," said chief executive officer Gordon Marr.

"In particular, in June 2019 we were granted our Japanese investment management licence, enabling us to operate in this key market.

"This was a major milestone and the culmination of a number of years of hard work."

Marr noted that the company also successfully launched its new insurance subsidiary, Hansard Worldwide, and streamlined the number of markets that it operated in and the distributors it used in those markets.

"Together with a major IT project to replace our back-office administration systems and a focus on cost efficiencies, we believe this offers a strong base to improve the profitability of the business in the coming years."

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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.

 

Hansard Global Market Data

Currency UK Pounds
Share Price 31.30p
Change Today 0.60p
% Change 1.95 %
52 Week High 48.00
52 Week Low 23.70
Volume 14,324
Shares Issued 137.45m
Market Cap £43.02m
RiskGrade 229

Hansard Global Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.32% above the market average85.32% above the market average85.32% above the market average85.32% above the market average85.32% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
54.02% below the market average54.02% below the market average54.02% below the market average54.02% below the market average54.02% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Income
93.44% above the market average93.44% above the market average93.44% above the market average93.44% above the market average93.44% 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
Growth
82.31% below the market average82.31% below the market average82.31% below the market average82.31% below the market average82.31% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

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

Hansard Global Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Mar-20 03-Oct-19
Paid 21-Apr-20 14-Nov-19
Amount 1.80p 2.65p

Trades for 04-Aug-2020

Time Volume / Share Price
09:21 10,526 @ 31.49p
08:55 3,798 @ 31.49p

Hansard Global Key Personnel

Chair Philip Gregory
CFO Tim Davies

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