Sanne Group (SNN)

Sector:

Financials

Index:

FTSE 250

617.00p
   
  • Change Today:
    -17.00p
  • 52 Week High: 752.00
  • 52 Week Low: 468.50
  • Currency: UK Pounds
  • Shares Issued: 146.53m
  • Volume: 9,528
  • Market Cap: £904.12m

FTSE 250 movers: CYBG falters, Sanne recovers

By Duncan Ferris

Date: Tuesday 30 Jul 2019

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 was down 0.52% at 19,783.82 in afternoon trade on Tuesday, as CYBG led the index lower.
The banking group, which owns the Clydesdale and Yorkshire Bank brands as well as Virgin Money and 'B', led the fallers after it warned that net interest margins were likely to be at the lower end of earlier forecasts as it faced tough competition in mortgage lending.

"While CYBG is not a stock to set pulses racing, we do believe it is a worthy investment due to the high degree of self-help that is embedded in financial forecasts. Specifically, we think that significant merger and digital transformation-related cost synergies should help to mitigate the impact of broader competitive and economic pressures, while a well capitalised balance sheet could see surplus returned to shareholders in the longer-term," said analysts at Shore Capital.

Precision instrument maker Spectris also struggled as it said first half revenues were flat as the US-China trade spat impacted results.

Greggs lost ground as it said second half growth will be more subdued amid tougher comparative figures and warned that overall cost inflation is now set to be at the higher end of full year expectations, though the bakery chain rewarded investors with a special dividend after first half growth was driven by its famous vegan sausage roll.

Weir Group dropped as it reported that "challenging conditions" in the North American oil and gas market weighed on results, with interim operating profits and revenues coming in lower, while convenience foods manufacturer Greencore edged downwards as lower third quarter revenues reflected the impact of site disposals and business exits.

Sanne Group led the risers as it recovered from a fall in yesterday's session, when it had slashed full-year earnings and operating margin expectations.

Despite reducing their target price for the financial services provider from 800p to 650p, analysts at Berenberg noted that top-line growth in the financial services firm's core alternatives business remains "highly attractive" and said the company needs to regain the market's trust following two margin downgrades so far this year.

Chemicals manufacturer Elementis followed suit as it reported an increase first half profits on the back of an improved second quarter in "challenging" trading conditions.

Temporary power provider Aggreko climbed as it reported a slight jump in interim pre-tax profits, though revenue fell 10% to £768m.

Support services group BBA Aviation flew higher after it entered into an agreement to dispose of OEM-licensed parts provider Ontic for a total value of $1.36bn, while Provident Financial followed close behind as it delivered flat first-half pre-tax profits but boasted strong new business volumes.

Finally, Games Workshop edged higher as it delivered a big jump on both its top and bottom line for the full year, resulting in an even bigger rise in the tabletop miniatures specialist's full-year payout.

Market Movers

FTSE 250 (MCX) 19,783.82 -0.52%


FTSE 250 - Risers

Sanne Group (SNN) 555.00p 11.45%
Elementis (ELM) 146.70p 9.81%
Aggreko (AGK) 823.71p 6.01%
BBA Aviation (BBA) 322.20p 5.92%
Hilton Food Group (HFG) 978.00p 4.04%
Provident Financial (PFG) 431.50p 3.85%
Ascential (ASCL) 400.80p 3.51%
Future (FUTR) 1,148.00p 3.42%
Vivo Energy (VVO) 122.80p 3.19%
Games Workshop Group (GAW) 4,830.00p 2.90%

FTSE 250 - Fallers

CYBG (CYBG) 175.30p -11.87%
Metro Bank (MTRO) 371.96p -6.31%
Intu Properties (INTU) 70.30p -6.29%
Hunting (HTG) 511.50p -5.45%
Spectris (SXS) 2,604.00p -5.21%
Greggs (GRG) 2,260.00p -5.20%
Hammerson (HMSO) 238.40p -5.02%
Weir Group (WEIR) 1,484.00p -4.96%
Aston Martin Lagonda Global Holdings (AML) 566.80p -4.84%
Greencore Group (GNC) 214.50p -4.71%

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

 

Sanne Group Market Data

Currency UK Pounds
Share Price 617.00p
Change Today -17.00p
% Change -2.68 %
52 Week High 752.00
52 Week Low 468.50
Volume 9,528
Shares Issued 146.53m
Market Cap £904.12m

Sanne Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.93% below the market average63.93% below the market average63.93% below the market average63.93% below the market average63.93% below the market average
80.15% below the sector average80.15% below the sector average80.15% below the sector average80.15% below the sector average80.15% below the sector average
Price Trend
22.78% above the market average22.78% above the market average22.78% above the market average22.78% above the market average22.78% above the market average
39.44% above the sector average39.44% above the sector average39.44% above the sector average39.44% above the sector average39.44% above the sector average
Income
60.69% below the market average60.69% below the market average60.69% below the market average60.69% below the market average60.69% below the market average
90% below the sector average90% below the sector average90% below the sector average90% below the sector average90% below the sector average
Growth
28.97% below the market average28.97% below the market average28.97% below the market average28.97% below the market average28.97% below the market average
47.46% below the sector average47.46% below the sector average47.46% below the sector average47.46% below the sector average47.46% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sanne Group Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Apr-20 19-Sep-19
Paid 20-May-20 18-Oct-19
Amount 9.40p 4.70p

Trades for 13-Jul-2020

Time Volume / Share Price
13:23 131 @ 617.00p
13:23 200 @ 617.00p
13:23 5 @ 616.00p
13:23 22 @ 616.00p
13:22 28 @ 616.00p

Sanne Group Key Personnel

CFO James Ireland
CEO Martin Schnaier

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