Contour Global (GLO)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

200.50p
   
  • Change Today:
    -5.00p
  • 52 Week High: 222.50
  • 52 Week Low: 159.10
  • Currency: UK Pounds
  • Shares Issued: 670.71m
  • Volume: 75,118
  • Market Cap: £1,344.78m
  • RiskGrade: 165

ContourGlobal sees FY profit 'modestly' below expectations

By Frank Prenesti

Date: Thursday 05 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Wholesale power generator ContourGlobal said it expected full year core earnings to be below guidance after a delay in closing the deal on its Mexico acquisition.
The company had previously guided earnings before interest, tax, depreciation and amortisation (EBITDA) to be in the lower half of a $720m - $770m range.

Contour said adjusted EBITDA for the nine months to September 30, was up 19% to $531.6m reflecting the full nine month of ownership impact of its Spanish concentrated solar power (CSP) acquisition, a $52m cash gain on the reduction of a minority stake in the CSP assets and improved renewable generation.

"While underlying trading remains inline with expectations, consistent with the delay in closing from Q3 into Q4 of the acquisition of the combined heat and power business, the company now expects the 2019 full year adjusted EBITDA to be modestly below the bottom end of the previous range," Contour said on Thursday.

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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.

 

Contour Global Market Data

Currency UK Pounds
Share Price 200.50p
Change Today -5.00p
% Change -2.43 %
52 Week High 222.50
52 Week Low 159.10
Volume 75,118
Shares Issued 670.71m
Market Cap £1,344.78m
RiskGrade 165

Contour Global Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.68% above the market average45.68% above the market average45.68% above the market average45.68% above the market average45.68% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Price Trend
15.61% above the market average15.61% above the market average15.61% above the market average15.61% above the market average15.61% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Income
60.61% above the market average60.61% above the market average60.61% above the market average60.61% above the market average60.61% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
52.14% below the market average52.14% below the market average52.14% below the market average52.14% below the market average52.14% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average

What The Brokers Say

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

Contour Global Dividends

  Latest Previous
  Q3 Q2
Ex-Div 12-Dec-19 15-Aug-19
Paid 31-Dec-19 06-Sep-19
Amount 3.69¢ 3.69¢

Trades for 21-Jan-2020

Time Volume / Share Price
16:35 12,418 @ 200.50p
16:27 75 @ 201.00p
16:25 274 @ 198.20p
16:24 2,500 @ 199.96p
16:22 136 @ 200.50p

Contour Global Key Personnel

Chair Craig Huff
CFO Stefan Schellinger

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