Clipper Logistics (CLG)

Sector:

Support

Index:

FTSE Small Cap

468.00p
   
  • Change Today:
    -12.00p
  • 52 Week High: 518.00
  • 52 Week Low: 135.00
  • Currency: UK Pounds
  • Shares Issued: 101.70m
  • Volume: 54,141
  • Market Cap: £475.97m

Clipper Logistics posts strong FY results, issues upbeat guidance

By Iain Gilbert

Date: Monday 24 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Clipper Logistics posted a strong set of full-year results on Monday and also issued some upbeat guidance for the current trading year on the back of "exceptionally high demand" for its services.
Clipper said revenues reached a record level of £500.7m in the year ended 30 April, up 8.8% year-on-year, while underlying earnings improved 19.1% to £24.1m, leading the group to recommend a final dividend of 6.2p per share.

Profits after tax grew from £13.4m a year ago to £16.2m, while basic earnings per share improved 20.5% to 15.9p.

The London-listed firm said the performance was driven by strong organic growth in the period, particularly in e-fulfilment, and value-enhancing acquisitions made in prior years.

Looking forward, Clipper highlighted that it had seen a "very positive start" to the current trading year, with annualised revenues standing at over £50.0m - a "significant increase" on the same period last year.

Chairman Steve Parkin said: "I am delighted to report such a strong set of final results as Clipper reaches a significant milestone, delivering record revenues exceeding £500m.

"There will, without doubt, be longer-term changes to the retail landscape however we are confident that our ability to evolve our solutions to meet client needs will ensure that Clipper benefits from these trends as the shift to online retail accelerates."

As of 1350 BST, Clipper shares were up 8.05% at 399.80p.

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CLG Market Data

Currency UK Pounds
Share Price 468.00p
Change Today -12.00p
% Change -2.50 %
52 Week High 518.00
52 Week Low 135.00
Volume 54,141
Shares Issued 101.70m
Market Cap £475.97m

CLG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.79% below the market average90.79% below the market average90.79% below the market average90.79% below the market average90.79% below the market average
83.49% below the sector average83.49% below the sector average83.49% below the sector average83.49% below the sector average83.49% below the sector average
Price Trend
91.91% above the market average91.91% above the market average91.91% above the market average91.91% above the market average91.91% above the market average
94.78% above the sector average94.78% above the sector average94.78% above the sector average94.78% above the sector average94.78% above the sector average
Income
48.56% below the market average48.56% below the market average48.56% below the market average48.56% below the market average48.56% below the market average
40.54% below the sector average40.54% below the sector average40.54% below the sector average40.54% below the sector average40.54% below the sector average
Growth
45.14% above the market average45.14% above the market average45.14% above the market average45.14% above the market average45.14% above the market average
21.50% above the sector average21.50% above the sector average21.50% above the sector average21.50% above the sector average21.50% above the sector average

What The Brokers Say

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

CLG Dividends

  Latest Previous
  Final Interim
Ex-Div 10-Sep-20 12-Dec-19
Paid 05-Oct-20 06-Jan-20
Amount 6.20p 3.50p

Trades for 23-Oct-2020

Time Volume / Share Price
16:25 145 @ 473.00p
16:25 21 @ 473.00p
16:25 2 @ 472.50p
16:22 111 @ 471.00p
16:22 146 @ 471.00p

CLG Key Personnel

CEO Tony Mannix
CFO David Hodkin

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