|Bid||4,488.00 x 0|
|Ask||4,492.00 x 0|
|Day's range||4,450.00 - 4,620.00|
|52-week range||3,700.00 - 7,696.00|
|Beta (5Y monthly)||0.65|
|PE ratio (TTM)||10.33|
|Earnings date||24 Mar 2020 - 30 Mar 2020|
|Forward dividend & yield||1.68 (3.68%)|
|Ex-dividend date||26 Mar 2020|
|1y target est||80.03|
It's been a sad week for Ferguson plc (LON:FERG), who've watched their investment drop 18% to UK£45.20 in the week...
To the annoyance of some shareholders, Ferguson (LON:FERG) shares are down a considerable 31% in the last month. The...
My expectation is that these three FTSE 100 stocks will climb out of their holes and exceed previous highs.The post 3 FTSE 100 shares I reckon look set to outperform their index appeared first on The Motley Fool UK.
Royston Wild explains why this FTSE 100 hero's share price might boom in the coming days.The post Dip buyers! I think this dirt-cheap FTSE 100 stock could surge next week appeared first on The Motley Fool UK.
(Bloomberg Opinion) -- Dan Loeb’s Third Point LLC says it has a history of working constructively with boards to promote the success of their companies. The activist’s latest goal seems to involve removing the board of Prudential Plc entirely, and dismantling the head office around it, as part of a breakup of the $48 billion insurer.That may not be as hard as it sounds.Once focused on Britain, Prudential has transformed into a large Asian insurer with a smaller U.S. business attached. Its shares suffer under a stark valuation discount to Hong Kong-listed peer AIA Group Ltd., and Loeb has set out a plausible explanation for why. The reason, he says, is that the Asian side needs capital to grow, but competes with shareholders for dividends. Likewise, the U.S. business would be better off conserving cash in support of its own capital strength. Meanwhile, most investors don’t want to invest in an Asian-U.S. hybrid insurer.The remedy sounds simple: Split Prudential into separate U.S. and Asian businesses with their own stock listings and dividend policies. The Asian shares would probably command a much higher valuation than whole the group does now, providing an acquisition currency that would be a cheap source of growth capital. At the same time, scrapping the conglomerate structure would eliminate the need for a costly corporate center based in London.None of this is likely to be a huge surprise to Prudential’s directors. The board has already been simplifying the company, mainly by spinning off the M&G Plc asset management business. That move has failed to address the valuation gap, so the next logical step would be to jettison the U.S. subsidiary and become a pure Asia play. Prudential’s chairman, Paul Manduca, is retiring next year anyway, and Chief Executive Officer Mike Wells has been in the role for five years. Manduca’s successor, banker and former government minister Shriti Vadera, has a chance to be radical.The real opponents to Loeb’s ideas are more likely to be found among Prudential’s long-term investors. Third Point is a new arrival taking on a longstanding problem. But Prudential has a large number of U.K. investors whose own narrow interests may be served by keeping it in its current form, paying high dividends via a London-listed share. Recall that consumer giant Unilever NV encountered huge resistance to an attempt to simplify its structure in 2018, while plumbing group Ferguson Plc is moving with extreme care about a possible re-domicile for the same reason.Loeb argues Prudential in two pieces would be worth twice what it is today. He may be right, but if a breakup involves a dividend cut along the way, it won’t be plain sailing.To contact the author of this story: Chris Hughes at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In September, Ferguson named a new chief executive officer and said it would separate the UK operations in a bid to focus more on its U.S. business after billionaire activist investor Nelson Peltz's Trian fund took a 6% stake in Ferguson. Ferguson could scrap its current American Depository Receipt program and list additional shares on an exchange in the United States, while remaining listed on the London Stock Exchange, the company said. Another option would be to have the primary listing in the U.S., but give up its position in the FTSE 100 as Ferguson changes the category of its listing in London.
When Ferguson plc (LSE:FERG) released its most recent earnings update (31 July 2019), I wanted to understand how these...
Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Wednesday, 18th December. Please refresh for updates.
In September, it named a new chief executive officer and said it would separate the UK operations in a bid to focus more on its business in the United States, its largest market. Nelson Peltz's Trian Fund Management LP disclosed a 6% stake in the company in June. "Ferguson continued to take market share against a backdrop of flat U.S. markets and we remain firmly focused on maximizing organic revenue growth, while tightly managing gross margins and costs," CEO Kevin Murphy said.
Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Tuesday, 3rd December. Please refresh for updates.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
The company, formerly known as Wolseley, said trading profit rose to $1.60 billion in the year ended July 31 from $1.49 billion a year earlier. Analysts on average expected ongoing trading profit of $1.57 billion and revenue of $21.87 billion, according to a company-compiled consensus. Ferguson revealed plans last month to split off its U.K. business and said Chief Executive Officer John Martin was stepping down and being replaced by U.S. operations chief Kevin Murphy, as the company focuses more on its largest market in the United States.