3 Shares Set to Beat the FTSE 100 Today
Feb 13th 2013 8:27AM
Updated Feb 13th 2013 8:55AM
LONDON -- The FTSE 100 has up a further 11 points today, sitting comfortably above the 6,300 level at 6,349. The U.K.'s big banks have been helping to hold up the index, with Lloyds Banking Group shares rising today in advance of forthcoming results.
Other FTSE 100 companies are offering support, too. We look at three members of the various indexes that are on the way up today.
Reckitt Benckiser shareholders have had a good year, as the price of the consumer goods giant has soared by 25% over the past 12 months, including today's 2.3% rise to 4,463 pence.
Full-year results this morning told us of a 4% rise in revenue (on a constant-currency basis) to 9.6 billion pounds, including like-for-like growth of 5%, with adjusted net income up 10% to 1.9 billion pounds. Earnings per share for the year reached 249.5 pence against an analyst consensus of 247 pence, and a full-year dividend of 134 pence has been announced, up 7% on the previous year.
It was results time for Tullow Oil as well, and what the market saw led to a 4.6% rise in the share price to 1,234 pence. Revenue for the year rose by 2% to $2.3 billion, with pre-tax profit up 4% to $1.2 billion -- all pretty much in line with expectations.
Chief executive Aidan Heavey told us: "We materially enhanced the business with a basin-opening oil discovery in Kenya, by adding highly prospective new licenses in Africa and the Atlantic Margins, refinancing our debt and partially monetising our Ugandan assets."
Data center provider TeleCity Group saw its shares rally 5.5% to 870.5 pence on the back of full-year results for the year to December. From an 18% rise in revenue to 283 million pounds, the firm extracted adjusted EBITDA of 129.5 million pounds, up 22%. A 28.6% rise in earnings per share to 31 pence enabled TeleCity to declare a final dividend of 5 pence per share, taking the full-year payout to 7.5 pence.
Those figures put the shares on a P/E of about 28, but that falls to 22 on forecasts for the current year -- suggesting a 17% rise in earnings -- and to less than 19 for 2014. Although the rise in dividend is welcome, it still only offers a yield of less than 1%.
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