Price Target Changed • Mar 07
Price target decreased by 14% to UK£4.43 Down from UK£5.12, the current price target is an average from 3 analysts. New target price is 5.1% above last closing price of UK£4.22. Stock is down 23% over the past year. The company posted earnings per share of UK£0.31 last year. Announcement • Jan 30
Shaftesbury Declares an Interim Dividend, Payable on 15 February 2023 On 30 January 2023, the Shaftesbury Board declared an interim dividend of 2.7 pence per Shaftesbury Share as the Shaftesbury First Quarter 2023 Dividend, comprising 2.1p as PID and 0.6p as an ordinary dividend. The ex-dividend date and record date for the Shaftesbury First Quarter 2023 Dividend are 2 February 2023 and 3 February 2023 respectively. The Shaftesbury First Quarter 2023 Dividend will be paid on 15 February 2023. Recent Insider Transactions • Dec 08
CEO & Executive Director recently sold UK£73k worth of stock On the 6th of December, Brian Bickell sold around 21k shares on-market at roughly UK£3.54 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Brian has been a net seller over the last 12 months, reducing personal holdings by UK£146k. Reported Earnings • Nov 30
Full year 2022 earnings released: EPS: UK£0.31 (vs UK£0.52 loss in FY 2021) Full year 2022 results: EPS: UK£0.31 (up from UK£0.52 loss in FY 2021). Revenue: UK£123.1m (up 9.2% from FY 2021). Net income: UK£119.1m (up UK£314.0m from FY 2021). Profit margin: 97% (up from net loss in FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the REITs industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to UK£5.10 Down from UK£6.13, the current price target is an average from 5 analysts. New target price is 35% above last closing price of UK£3.79. Stock is down 41% over the past year. The company posted a net loss per share of UK£0.52 last year. Price Target Changed • Oct 03
Price target decreased to UK£5.76 Down from UK£6.52, the current price target is an average from 5 analysts. New target price is 58% above last closing price of UK£3.66. Stock is down 40% over the past year. The company posted a net loss per share of UK£0.52 last year. Upcoming Dividend • Jun 02
Upcoming dividend of UK£0.048 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 01 July 2022. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (3.3%). Reported Earnings • May 25
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£338.5m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 4.5% while the industry in the United Kingdom is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Upcoming Dividend • Jan 06
Upcoming dividend of UK£0.04 per share Eligible shareholders must have bought the stock before 13 January 2022. Payment date: 11 February 2022. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (2.7%). Reported Earnings • Dec 01
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: UK£0.52 loss per share (up from UK£2.28 loss in FY 2020). Revenue: UK£112.7m (down 9.5% from FY 2020). Net loss: UK£194.9m (loss narrowed 72% from FY 2020). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 34%. Earnings per share (EPS) missed analyst estimates by 34%. Over the next year, revenue is forecast to grow 7.7%, compared to a 2.5% growth forecast for the reits industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 16
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 expected loss increased from -UK£0.65 to -UK£0.74 per share. Revenue forecast unchanged at UK£105.1m. REITs industry in the United Kingdom expected to see average net income growth of 28% next year. Consensus price target broadly unchanged at UK£5.69. Share price fell 2.1% to UK£5.80 over the past week. Upcoming Dividend • Jun 03
Upcoming dividend of UK£0.024 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 02 July 2021. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (2.9%). Major Estimate Revision • Jun 01
Consensus revenue estimates fall to UK£102.2m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from UK£125.3m to UK£102.2m. Forecast losses increased from -UK£0.49 to -UK£0.57 per share. REITs industry in the United Kingdom expected to see average net income growth of 27% next year. Consensus price target broadly unchanged at UK£5.39. Share price rose 3.8% to UK£6.22 over the past week. Reported Earnings • May 26
First half 2021 earnings released: UK£0.93 loss per share (vs UK£0.94 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: UK£53.2m (down 20% from 1H 2020). Net loss: UK£338.5m (loss widened 18% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 01
Independent Non-Executive Director has left the company On the 25th of February, Dermot Colin Mathias' tenure as Independent Non-Executive Director ended after 8.4 years in the role. As of December 2020, Dermot Colin personally held 28.71k shares (UK£163k worth at the time). Dermot Colin is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 15
New 90-day high: UK£5.82 The company is up 3.0% from its price of UK£5.65 on 17 November 2020. The British market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£7.78 per share. Analyst Estimate Surprise Post Earnings • Jan 23
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 10% compared to a 1.6% decline forecast for the REITs industry in the United Kingdom. Analyst Estimate Surprise Post Earnings • Jan 21
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 10% compared to a 1.8% decline forecast for the REITs industry in the United Kingdom. Reported Earnings • Jan 20
Full year 2020 earnings released: UK£2.28 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: UK£124.5m (down 1.9% from FY 2019). Net loss: UK£699.5m (down UK£725.5m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 122% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Price Target Changed • Jan 15
Price target lowered to UK£5.23 Down from UK£5.65, the current price target is an average from 6 analysts. The new target price is close to the current share price of UK£5.48. As of last close, the stock is down 41% over the past year. Recent Insider Transactions Derivative • Dec 20
CEO & Executive Director exercised options and sold UK£142k worth of stock On the 17th of December, Brian Bickell exercised options to acquire 25.84k shares at no cost and sold these for an average price of UK£5.50 per share. This trade did not impact their existing holding. For the year to September 2019, Brian's total compensation was 47% salary and 53% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since March 2020, Brian's direct individual holding has increased from 1.29m shares to 1.31m. Company insiders have collectively sold UK£317k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Dec 16
Full year 2020 earnings released: UK£2.28 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: UK£124.5m (down 1.9% from FY 2019). Net loss: UK£699.5m (down UK£725.5m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 122% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Dec 16
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is forecast to decline by -24% while the growth in REITs industry in the United Kingdom is expected to stay flat. Is New 90 Day High Low • Nov 11
New 90-day high: UK£5.70 The company is up 8.0% from its price of UK£5.28 on 12 August 2020. The British market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£3.05 per share. Is New 90 Day High Low • Oct 22
New 90-day low: UK£4.20 The company is down 14% from its price of UK£4.90 on 24 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£2.95 per share. Is New 90 Day High Low • Sep 25
New 90-day low: UK£4.61 The company is down 12% from its price of UK£5.27 on 26 June 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£3.06 per share. 
