24/08/2000
This high-performing retail warehouse and central London office property group, is, according to analyst Adrain Elwood of brokers Teather & Greenwood, clearly undervalued. The net asset value of the company has increased 115% in the past three years and is expected to keep on rising as both its sectors continue to enjoy strong growth. Pre-tax profits at the interim stage increased from £5.6m to £8.4m and gearing has been reduced from 79% to 66%. Dividends and yields, currently at 3.6p and 1.9%, are expected to rise with NAV, as investments deliver paybacks and demand for office space in Central London continues to push up property prices.
| Market cap: | £146m |
| PE Average: | n/a |
| PE Forecast: | n/a |
| PE Historic: | n/a |
| Share price: | 192p |
| LSE | £17m |
17.00p
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0.00p
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| Other company articles: |
| 02/06/2008 |
| 04/07/2001 |
| 16/10/2000 |
| 24/08/2000 |
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