DCC
DCC: 5,880.00 -37.50 (▼0.63%)
| Bid Price | 5,875.00 | High Price | 5,925.00 |
|---|---|---|---|
| Ask Price | 5,880.00 | Low Price | 5,855.00 |
| Open Price | 5,900.00 | Spread | 0.09% |
| Prev Close | 5,915.00 | Volume | 81,235.00 |
DCC Share Price Chart
Intraday
Historic – 1 year
DCC Share Price Information
| Name | DCC | Epic | DCC |
|---|---|---|---|
| Sector | Support Services | ISIN | IE0002424939 |
| Activites | DCC plc is a broadly based Group, operating across five focused divisions: – DCC Energy, DCC SerCom (IT & entertainment products), DCC Healthcare, DCC Environmental and DCC Food & Beverage. 85% of DCC’s profits are derived from procurement, sales, marketing and distribution businesses, with 15% from business support service activities. DCC currently employs approximately 8,000 people. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 5,877.50 | Net Gearing (%) | 47.21 |
|---|---|---|---|
| Market Cap (£m) | 5,237.27 | Gross Gearing (%) | 71.85 |
| Shares in issue (m) | 88.77 | Debt Ratio | 55.59 |
| P/E Ratio | 29.12 | Debt-to-Equity Ratio | 0.49 |
| Divs per share (p) | 97.22 | Assets / Equity Ratio | 3.55 |
| Dividend Yield (%) | 1.72 | Price to book value | 3.88 |
| Dividend Cover | 1.82 | SROCE (%) | 7.12 |
| Earning per share (p) | 202.64 | EPS Growth (%) | 17.83 |
| 52-week high / low (p) | 7,420.00 / 4,654.00 | DPS Growth (%) | 15.00 |
DCC Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 05 Dec | Exane BNP Paribas | Neutral | 5,880.00 | 6500.00 | 6500.00 | Reiterates |
| 24 Nov | JP Morgan Cazenove | Overweight | 5,880.00 | 7843.00 | 7843.00 | Reiterates |
| 21 Nov | Exane BNP Paribas | Neutral | 5,880.00 | 6400.00 | 6400.00 | Reiterates |
| 16 Nov | JP Morgan Cazenove | Overweight | 5,880.00 | 7843.00 | 7843.00 | Reiterates |
| 15 Nov | JP Morgan Cazenove | Overweight | 5,880.00 | 7843.00 | 7843.00 | Reiterates |
DCC Director Deals
DCC Company News
Financial stocks push FTSE higher
The blue chip index closed 0.3% higher at 6,753, which was driven by financial stocks.
Barclays (BARC) and Royal Bank of Scotland (RBS) were the biggest gainers on the FTSE 100, trading up to 5% higher, while Prudential (PRU) and HSBC (HSBA) achieved smaller jumps of over 2%.
West Texas Intermediate (WTI) crude oil fell 2.5% to $42.32 and Brent crude oil declined 2.4% to $43.69 per barrel, respectively.
Gold slumped 0.9% to $1,212 per ounce and copper gained 0.2% to $5,533 per tonne.
FTSE 100 RISERS AND FALLERS
Support services business DCC (DCC) reported strong first half results and a positive outlook. The company said it expects to deliver full year operating profit and earnings per share ahead of market expectations. DCC also flagged news of the £96m acquisition of French natural gas retail and marketing business Gaz Europeen.
FTSE 250 RISERS AND FALLERS
Shares in bookmaker William Hill (WMH) were stable after announcing 2016 operating profits will be at the top end of the previous £260m to £280m guidance. Net revenue grew 6% in the third quarter, led by growth in the online business following investments in the mobile sportsbook offer.
Convenience food maker Greencore (GNC) made fresh gains of 9.5% to 319.7p on news of the £594.3m acquisition of Peacock Foods, a frozen meals maker that will transform its US business. Greencore’s full year results showed strong growth across the UK and US food-to-go markets.
SMALL CAP RISERS AND FALLERS
Industrial fuel cell power company AFC Energy (AFC) rallied 23% to 22.7p as it highlighted a significant advance in the development of its fuel cell system.
Investors were excited by transport community solutions provider 21st Century Technology’s (C21) contract win. OFJ Connections Gatwick Airport chose the firm to provide integrated real-time passenger information and connected bus systems.
Aureus Mining (AUE) reported low gold recover due to inadequate oxygen generating capacity of its existing process plant and immediate action to address the issue. Despite this, low recoveries meant that management expected production to be in the range of 17,000 to 20,000 ounces.
Publisher Johnston Press (JPR) was hot off the presses after responding to speculation in the Sunday Times over the potential for asset sales. Johnston, owner of i newspaper and other regional titles, said it is looking to sell businesses so it can buy back debt trading below par value.
Agricultural brand Carr’s (CARR) rebounded 3.2% to 143p on solid full year results, delivered in tough agricultural market conditions. Investors were also reassured by the news first quarter trading started positively with a ‘continued stabilising of farmgate milk prices’.
Story provided by StockMarketWire.com
Banks and oil prices boost FTSE
The FTSE 100 climbed 1% to 6,797, recovering from Friday’s falls, with support from steadier oil prices as markets continued to adjust to Trump’s win in the US election.
Royal Bank of Scotland (RBS) and Barclays (BARC) boosted the blue chip index, posting gains of over 3%.
West Texas Intermediate (WTI) crude oil fell 1.5% to $42.76 and Brent crude oil was 1% lower at $44.24 per barrel, respectively.
Gold was flat at $1,222 per ounce and copper climbed 1.3% to $5,599 per tonne.
High Street footfall in October was 0.4% lower compared to a year ago, which was a smaller drop than the 0.9% decline reported in September, according to the British Retail Consortium (BRC).
FTSE 100 RISERS AND FALLERS
Support services business DCC (DCC) reported strong first half results and a positive outlook. The company said it expects to deliver full year operating profit and earnings per share ahead of market expectations. DCC also flagged news of the £96m acquisition of French natural gas retail and marketing business Gaz Europeen.
FTSE 250 RISERS AND FALLERS
Shares in bookmaker William Hill (WMH) were flat after announcing 2016 operating profits will be at the top end of the previous £260m to £280m guidance. Net revenue grew 6% in the third quarter, led by growth in the online business following investments in the mobile sportsbook offer.
Convenience food maker Greencore (GNC) made fresh gains of 12.3% to 327.8p on news of the £594.3m acquisition of Peacock Foods, a frozen meals maker that will transform its US business. Greencore’s full year results showed strong growth across the UK and US food-to-go markets.
SMALL CAP RISERS AND FALLERS
Industrial fuel cell power company AFC Energy (AFC) rallied 20% to 22p as it highlighted a significant advance in the development of its fuel cell system.
Investors were excited by transport community solutions provider 21st Century Technology’s (C21) contract win. OFJ Connections Gatwick Airport chose the firm to provide integrated real-time passenger information and connected bus systems.
Aureus Mining (AUE) reported low gold recover due to inadequate oxygen generating capacity of its existing process plant and immediate action to address the issue. Despite this, low recoveries meant that management expected production to be in the range of 17,000 to 20,000 ounces.
Platinum producer Lonmin (LMI) sparkled on well-received full year results and a reorganisation of the business, which improved profitability and enabled the business to be cash flow positive despite a low pricing backdrop.
Publisher Johnston Press (JPR) was hot off the presses after responding to speculation in the Sunday Times over the potential for asset sales. Johnston, owner of i newspaper and other regional titles, said it is looking to sell businesses so it can buy back debt trading below par value.
Agricultural brand Carr’s (CARR) rebounded 4% to 144p on solid full year results, which was delivered in tough agricultural market conditions. Investors were also reassured by the news first quarter trading started positively with a ‘continued stabilising of farmgate milk prices’.
Story provided by StockMarketWire.com
Broker Forecast – Peel Hunt issues a broker note on DCC PLC
Peel Hunt today reaffirms its hold investment rating on DCC PLC (LON:DCC) and raised its price target to 6936p (from 6111p).
Story provided by StockMarketWire.com
FTSE flies ahead as blue-chips rise en masse
London stocks marched higher in early deals as the market again showed positive sentiment in the face of Donald Trump’s US election win and UK’s non-binding Brexit vote. DCC (DCC) and Taylor Wimpey (TW.) led on well-received news.
Soon after the open, FTSE 100 was up 78.64 points, or 1.17%, to 6809.07, while FTSE 250 was up 152.55, or 0.87%, to 17,597.5. At 8.39am, WTI crude was up 0.05% to $43.43/bbl and Brent was up 0.31% to $44.89/bbl. Gold was down 0.58% to $1217.2/oz.
DCC (DCC), up 8.33% to 6537.5p said DCC Energy has agreed to acquire Gaz Europeen Holdings, a natural gas retail and marketing business which supplies business and public sector customers in France. DCC also posted an H1 pretax profit of £80.6m, from £52.5m.
Taylor Wimpey (TW.), up 2.68% to 149.5p, said H2 trading into the autumn selling season has been strong, with good levels of customer confidence and demand underpinned by a wide range of mortgage products.
Blue-chip risers outnumbered fallers 88 to 12. About 52 of these risers firmed by 1% or more. Most sectors were represented to the upside, with retail, supermarkets, house builders, miners, pharmas, insurers and banks doing particularly well.
Barclays (BARC) rose 3.02% to 207.85p, M&S (MKS) added 3.16% to 337.55p, BHP Billiton (BLT) firmed 2.98% to 1338.25p, Aviva (AV.) gained 2.29% to 462.05p and Shire (SHP) accelerated 2.1% to 5102.5p and Persimmon (PSN) advanced 2.73% to 1733p.
US rates-sensitive utilities figured notably lower behind Severn Trent (SVT), down 1.95% to 2134.5p, while National Grid (NG.) flopped 1.66% to 939.85p. More followed.
BLUE-CHIP NEWS
Standard Life (SL.), up 1.13% to 367.8p, notes an announcement by Housing Development Finance Corp (HDFC) with reference to the scheme of amalgamation proposed by HDFC Standard Life Insurance Company Ltd (HDFC Life) involving HDFC Life, Max Life Insurance Company Ltd (MLIC), Max Financial Services Ltd, and Max India Ltd.
Legal & General (LGEN), up 1.7% to 233.8p, has completed a £1.1bN pension buyout for the Vickers Group Pension Scheme, part of the Rolls-Royce Group, covering over 11,000 members. L&G Retirement sales year to date are £6.7bn, with £6.3bn in annuities and £0.4bn in lifetime mortgages.
Lonmin (LMI), up 4.36% to 203.5p, posts an underlying operating profit of $7m for the year to the end of September against a loss of $134m last time. Revenues totalled $$1,118m against $1,293m and operating losses narrowed to $322m from $2018m.
BIGGER MOVERS
AFC Energy (AFC), up 35.84% to 25.13p, has successfully completed the development of its Generation 2 (Gen2) fuel-cell system. It incorporates design changes to extend the operating life of the fuel cell stack whilst increasing stack availability and reducing stack cost.
Aureus Mining (AUE), down 14.47% to 1.62p, has booked Q3 revenues to $18.8m from gold sales of 14,139 ounces. Operating cash costs were $1971 per ounce, and all-in sustaining cash costs were $2153 an ounce.
LONDON HIGHLIGHTS
Akers Biosciences (AKR), up 6.52% to 245p, has reported total Q3 revenue of $613,198, up 262% and all from product sales. MTI Wireless Edge (MWE), up 4.12% to 25.25p, has issued a lower Q3 pre-tax profit of $763,000, from a profit of $828,000 a year ago. Revenue improved to $17.6m, from $13.4m.
21st Century Technology (C21), up 4.76% to 2.75p, has been selected by OFJ Connections Gatwick Airport to provide integrated real-time passenger information and connected bus systems with a value of about £1m, including ongoing support.
Greencore Group (GNC), up 3.56% to 302.3p, reports continued growth in the year to the end of September and announced the proposed $747.5m acquisition of Peacock Foods. Strategic Minerals (SML), up 2.94% to 0.52p, has today agreed, in conjunction with its joint venture partner Rarus Ltd, to provide funding to Central Australia Rare Earths Pty Ltd (CARE).
Kingspan (KGP), up 3.43% to 23.81p, expects a FY trading profit of about €335m, more than 30% ahead of prior year, but said it is conscious that much of the seasonally variable Q4 remains.
Venture Life (VLG), up 2.73% to 56.5p, expects to report revenue for the year ending 31 December 2016 of not less than £14.0m, an increase of more than 50% on Group revenue reported for the year ended 31 December 2015.
William Hill (WMH), up 2.54% to 290.8p, said it continues to expect FY operating profit1 to be at the top end of the previous £260-280m guidance, subject to normalised gross win margins in the rest of the year.
AFH Financial (AFHP), up 2.48% to 165.5p, expects results for the twelve months to Oct. 31 to show continued growth driven by higher average levels of revenue generated by its advisers with a year on year increase in turnover expected to be over 15%.
Other stocks in the news included Funding Circle SME Income Fund (FCIF), Playtech (PTEC), DiamondCorp (DCP), RedT Energy (RED), Harworth (HWG), Sterling Energy (SEY), Interserve (IRV), SyQic (SYQ), Aluminium Bahrain (ALBH) and Castleton Technology (CTP).
Story provided by StockMarketWire.com
DCC operating profits jump
DCC, the international sales, marketing, distribution and business support services group, reports a very strong first half performance with operating profit increasing by 33.3% (up 26.5% on a constant currency basis) to £117.8 million, with all divisions recording growth on the prior year.
Adjusted earnings per share rose 31.1% (24.7% ahead on a constant currency basis) to 92.1 pence and the interim dividend is increased by 12.5% to 37.17 pence per share.
DCC Energy also announced that it has agreed to acquire Gaz Europeen, a leading French natural gas retail and marketing business, for an initial enterprise value of €110 million (£96 million). In addition, DCC Healthcare has agreed to acquire Medisource, a pharmaceutical procurement, sales and marketing business in Ireland for an initial enterprise value of €32 million (£27 million).
The acquisition of Dansk Fuels in Denmark by DCC Energy, announced on 23 March 2016, was completed ahead of schedule.
Chief executive Tommy Breen said: “I am very pleased to report that the first half of the year has been another very active and successful period for DCC. The results reflect continued execution of our strategy to grow the business organically, deliver a very strong cash flow performance and redeploy capital at attractive rates of return.
“The Group continues to have the ambition and capacity for further development and importantly, as DCC increases in scale and geographic reach, also has the opportunity to build substantial market positions in its chosen sectors. The Group expects that both operating profit and adjusted earnings per share for the year ending 31 March 2017 will be significantly ahead of the prior year and ahead of current market consensus expectations.”
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