Upcoming Dividend • Jun 18
Upcoming dividend of UK£0.01 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 03 August 2026. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (4.6%). Announcement • Jun 16
Helical plc (LSE:HLCL) commences an Equity Buyback Plan for 12,335,519 shares, representing 10% of its issued share capital, under the authorization approved on July 17, 2025. Helical plc (LSE:HLCL) commences share repurchases on June 15, 2026, under the program mandated by the shareholders in the Annual General Meeting held on July 17, 2025. As per the mandate, the company is authorized to repurchase up to 12,335,519 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is 1 pence and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash, or used to meet the company’s obligations under its employee share schemes. The authority shall expire at the conclusion of the next Annual General Meeting or the date falling 15 months after the resolution passing, unless previously renewed, varied or revoked by the Company. As of July 17, 2025, the company had 123,335,197 ordinary shares in issue.
On June 8, 2026, the company announced a share repurchase program. Under the program, the company will repurchase £5 million worth of its shares. The purpose of the Program is to return surplus capital to shareholders. The repurchased shares will be cancelled or held in treasury. The program will commence immediately and will be valid till September 30, 2026. Declared Dividend • May 26
Final dividend reduced to UK£0.01 Dividend of UK£0.01 is 71% lower than last year. Ex-date: 25th June 2026 Payment date: 3rd August 2026 Dividend yield will be 1.3%, which is lower than the industry average of 5.3%. Announcement • May 23
Helical plc, Annual General Meeting, Jul 16, 2026 Helical plc, Annual General Meeting, Jul 16, 2026. Reported Earnings • May 22
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: UK£0.046 (down from UK£0.23 in FY 2025). Revenue: UK£33.3m (flat on FY 2025). Net income: UK£5.67m (down 80% from FY 2025). Profit margin: 17% (down from 84% in FY 2025). Revenue exceeded analyst estimates by 97%. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.6% decline forecast for the Office REITs industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 27
Helical plc Announces Board Changes Helical plc announced that Richard Cotton is standing down as Board Chair, Nominations Committee Chair and Director of the Company with effect from the end of April 2026. During his tenure, Richard oversaw the Company's revised strategy in 2024 and appointment of its current Executive leadership team. The Company announced that, following a recruitment process led by a specially convened Nominations Committee and advised by external search consultancy firm MWM Consulting, the Board has appointed Robert Fowlds as independent Non-Executive Chair with effect from May 1, 2026. In addition to assuming the role of Board Chair, Robert will also become Chair of the Nominations Committee and step down from the Audit and Risk Committee. He will remain a member of the Remuneration Committee. Robert will have completed a comprehensive handover with Richard prior to his appointment. Robert Fowlds joined the Board as an independent Non-Executive Director on February 8, 2024. Robert has extensive experience in real estate and corporate finance and is an accomplished non-executive director with a strong understanding of stakeholder relations. Following these proposed changes to the Board's composition, the Helical Board will consist of four independent Non-Executive Directors, including the Chair and two Executive Directors. As part of its ongoing programme of succession planning, the Nominations Committee will continue to review the composition of the Board, including the need to recruit additional non-executive directors as appropriate. Announcement • Feb 10
Helical plc to Report Fiscal Year 2026 Results on May 22, 2026 Helical plc announced that they will report fiscal year 2026 results at 8:00 AM, GMT Standard Time on May 22, 2026 Reported Earnings • Nov 28
First half 2026 earnings released: EPS: UK£0.015 (vs UK£0.038 in 1H 2025) First half 2026 results: EPS: UK£0.015 (down from UK£0.038 in 1H 2025). Revenue: UK£16.3m (down 12% from 1H 2025). Net income: UK£1.79m (down 62% from 1H 2025). Profit margin: 11% (down from 25% in 1H 2025). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, while revenues in the Office REITs industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Nov 26
Helical plc Declares Interim Dividend for the Half Year Ended 30 September 2025, Payable on 14 January 2026 The Board of Helical plc declared the interim dividend of 1.50 pence per share (30 September 2024: 1.50 pence per share) for the half year ended 30 September 2025 and will be paid on 14 January 2026 to Shareholders on the register on 5 December 2025. Ex-dividend date is 4 December 2025. Price Target Changed • Nov 06
Price target decreased by 12% to UK£2.59 Down from UK£2.95, the current price target is an average from 3 analysts. New target price is 26% above last closing price of UK£2.06. Stock is up 8.2% over the past year. The company is forecast to post earnings per share of UK£0.21 for next year compared to UK£0.23 last year. Major Estimate Revision • Oct 18
Consensus EPS estimates fall by 60% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from UK£0.517 to UK£0.206. Revenue forecast unchanged from UK£15.7m at last update. Net income forecast to grow 17% next year vs 53% growth forecast for Office REITs industry in the United Kingdom. Consensus price target of UK£2.98 unchanged from last update. Share price rose 3.5% to UK£2.08 over the past week. Announcement • Oct 17
Helical plc to Report First Half, 2026 Results on Nov 26, 2025 Helical plc announced that they will report first half, 2026 results on Nov 26, 2025 Announcement • Aug 28
Helical plc Appoints Martina Malone to the Board of Directors, Effective Date Is September 1, 2025 Helical PLC announced the appointment of Martina Malone as an independent Non-Executive Director of the Company, effective from 1 September 2025. Martina is the former Global Head of Capital Raising at Prologis, a leading global logistics real estate firm, and has over 30 years of experience in finance, banking, and real estate from roles at JER Partners, Deutsche Bank, Credit Suisse, and HypoVereinsbank. Her career at Prologis spanned from 2010 until the beginning of August this year, during which time she built and led a global team across offices in London, New York, San Francisco, Los Angeles, Amsterdam, and Singapore that attracted over $20 billion of capital from a wide range of investors in Europe, the Middle East, Americas, and Asia Pacific. Throughout her career, Martina has acted as a champion for women and young leaders in the companies she has worked for and across the wider real estate industry, taking an active role at global conferences and in mentorship programs. Upon joining the Helical Board, Martina will become a member of the Audit and Risk, Remuneration, and Nominations Committees. Announcement • Jul 18
Helical plc Approves Final Dividend for the Year Ended 31 March 2025 Helical plc at its AGM held on June 16, 2025 approved to declare a final dividend of 3.60 pence per ordinary share in respect of the financial year ended March 31, 2025. Upcoming Dividend • Jun 19
Upcoming dividend of UK£0.035 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 04 August 2025. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.6%). Major Estimate Revision • Jun 11
Consensus EPS estimates increase by 16%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from UK£14.9m to UK£14.4m. EPS estimate rose from UK£0.444 to UK£0.517. Net income forecast to grow 66% next year vs 103% growth forecast for Office REITs industry in the United Kingdom. Consensus price target up from UK£2.85 to UK£2.95. Share price was steady at UK£2.18 over the past week. New Risk • May 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 280% Cash payout ratio: 428% Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 280% Cash payout ratio: 428% Minor Risk Large one-off items impacting financial results. Declared Dividend • May 23
Final dividend increased to UK£0.035 Dividend of UK£0.035 is 97% higher than last year. Ex-date: 26th June 2025 Payment date: 4th August 2025 Dividend yield will be 2.2%, which is lower than the industry average of 5.3%. Reported Earnings • May 22
Full year 2025 earnings released: EPS: UK£0.23 (vs UK£1.55 loss in FY 2024) Full year 2025 results: EPS: UK£0.23 (up from UK£1.55 loss in FY 2024). Revenue: UK£32.0m (down 16% from FY 2024). Net income: UK£27.9m (up UK£217.8m from FY 2024). Profit margin: 87% (up from net loss in FY 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Office REITs industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • May 22
Helical plc Recommends Final Dividend for the Year Ended 31 March 2025, Payable on 4 August 2025 The Board of Helical plc will be recommending to Shareholders an increase in the final dividend to 3.50 pence for the year ended 31 March 2025 by Shareholders, will be an ordinary dividend, paid out of distributable reserves generated from the Group's activities. The total dividend of 5.00 pence, including the 1.50 pence interim dividend which was wholly paid as a PID, represents a 3.5% increase on last year's total dividend of 4.83 pence. Ex-dividend date is on 26 June 2025 with Record date on 27 June 2025. Dividend payment date is on 4 August 2025. New Risk • May 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • May 21
Helical plc, Annual General Meeting, Jul 17, 2025 Helical plc, Annual General Meeting, Jul 17, 2025. Announcement • Feb 19
Helical plc to Report Fiscal Year 2025 Results on May 21, 2025 Helical plc announced that they will report fiscal year 2025 results on May 21, 2025 Announcement • Feb 17
Helical plc Promotes Eleanor Gavin to Group Company Secretary, Effective April 1, 2025 Helical plc announced the promotion of Eleanor Gavin to Group Company Secretary with effect from 1 April 2025, succeeding James Moss who is assuming the role of CFO Designate. Eleanor will also join the Company's Executive Committee from that date. Eleanor is a Chartered Company Secretary and a Fellow of The Chartered Governance Institute of UK and Ireland. She is also a qualified solicitor and notary public. Eleanor joined Helical in 2019 and has held the position of Deputy Company Secretary since May 2022. She has over 11 years corporate governance and legal experience in both the listed and private sectors. Announcement • Feb 14
Helical plc Announces Chief Financial Officer Changes Helical Plc announced on February 13, 2025 the appointment of James Moss as Chief Financial Officer. He will take over from the current CFO Tim Murphy at the Annual General Meeting to be held in July 2025. Moss is currently working as Chief Operating Officer and Group Company Secretary. Moss will be joining the Board as CFO Designate, with effect from April 1, 2025 and will continue to work closely with Murphy over the coming months. A qualified Chartered Accountant, Moss joined the company in September 2014 as Group Financial Controller. He was appointed Company Secretary in May 2015 and became an Executive Committee member in March 2018. He later succeeded to the post of Chief Operating Officer in May 2022. Reported Earnings • Dec 01
First half 2025 earnings released: EPS: UK£0.038 (vs UK£0.76 loss in 1H 2024) First half 2025 results: EPS: UK£0.038 (up from UK£0.76 loss in 1H 2024). Revenue: UK£18.4m (down 2.3% from 1H 2024). Net income: UK£4.65m (up UK£97.8m from 1H 2024). Profit margin: 25% (up from net loss in 1H 2024). Revenue is expected to fall by 3.8% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Office 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. Declared Dividend • Nov 28
First half dividend reduced to UK£0.015 Dividend of UK£0.015 is 51% lower than last year. Ex-date: 5th December 2024 Payment date: 15th January 2025 Dividend yield will be 1.7%, which is lower than the industry average of 5.3%. Announcement • Nov 27
Helical plc Declares Interim Dividend, Payable on 15 January 2025 The Board of Helical plc has declared an interim dividend for the Period of 1.50 pence (2023: 3.05 pence) per share, representing the minimum PID payment required under the REIT regime. Ex-dividend date is on 20 December 2024 with Record date is on 6 December 2024. Dividend payment date on 15 January 2025. Announcement • Sep 25
Helical plc to Report First Half, 2025 Results on Nov 26, 2024 Helical plc announced that they will report first half, 2025 results on Nov 26, 2024 Declared Dividend • May 26
First half dividend reduced to UK£0.018 Dividend of UK£0.018 is 80% lower than last year. Ex-date: 27th June 2024 Payment date: 2nd August 2024 Dividend yield will be 2.2%, which is lower than the industry average of 5.3%. Announcement • May 26
Helical plc Proposes Final Dividend, Payable on 2 August 2024 Helical plc has proposed a final dividend of 1.78 pence per share (2023: 8.70 pence) which, if approved by Shareholders at the 2024 AGM, will be payable on 2 August 2024. The total dividend paid or payable in respect of the year to 31 March 2024 will be 4.83 pence (2023: 11.75 pence), a decrease of 59%. Ex-dividend date is on 27 June 2024. The record date is on 28 June 2024. Buy Or Sell Opportunity • May 14
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to UK£2.38. The fair value is estimated to be UK£1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 39% in a year. Earnings are forecast to grow by 66% in the next year. Announcement • Feb 09
Helical plc Announces Changes to Board and Committee Composition Helical plc announced two new independent Non-Executive Director appointments: Robert Fowlds, who joins the Board with immediate effect and Amanda Aldridge, who will be joining the Board from 1 April 2024. Robert has over 40 years' experience in real estate and is a chartered surveyor. He was head of real estate investment banking at J.P. Morgan Cazenove until 2015 and, prior to joining J.P. Morgan Cazenove in 2006, an equity analyst at Merrill Lynch. Robert is a member of the Supervisory Board of Klepierre S.A., and serves as a Non-Executive Director of FTSE 250 property company, LondonMetric Property Plc. Between 2018 and 2021, he was a Non-Executive Director of UK Commercial Property REIT Limited. Amanda has extensive audit, governance and capital markets experience having worked at KPMG LLP ('KPMG') for 33 years until 2017, including 20 years as a partner. During her time at KMPG, Amanda held numerous positions including Head of the Retail Sector practice before becoming Head of Contract Governance in the Risk-Consulting Division. Amanda is a non-executive director and Audit Committee Chair of Impact Healthcare REIT plc, The Brunner Investment Trust Plc, Staffline Group plc and The Low Carbon Contracts Company Limited. Amanda is a Fellow of the Institute of Chartered Accountants in England and Wales. Subject to Amanda's re-election at the 2024 AGM, it is intended that she will succeed Joe Lister to become Chair of the Audit and Risk Committee ("Committee") following the conclusion of the AGM. Joe, after six years on the Board, has decided not to seek re-election at the next AGM, following his appointment as Chief Executive of Unite Group plc in January this year. He will continue to serve as Chair of the Committee until the 2024 AGM. Buy Or Sell Opportunity • Jan 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to UK£2.15. The fair value is estimated to be UK£1.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 38% in a year. Earnings are forecast to grow by 82% in the next year. Announcement • Jan 05
Helical plc, Annual General Meeting, May 17, 2024 Helical plc, Annual General Meeting, May 17, 2024. Reported Earnings • Nov 24
First half 2024 earnings released: UK£0.76 loss per share (vs UK£0.14 profit in 1H 2023) First half 2024 results: UK£0.76 loss per share (down from UK£0.14 profit in 1H 2023). Revenue: UK£18.0m (down 23% from 1H 2023). Net loss: UK£93.1m (down UK£110.3m from profit in 1H 2023). Revenue is expected to fall by 15% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Office 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 57 percentage points per year, which is a significant difference in performance. Announcement • Nov 24
Helical plc Approves Interim Dividend, Payable on 12 January 2024 Helical plc Board has approved an Interim Dividend of 3.05 pence per share (2022: 3.05 pence), unchanged from last year. Ex-dividend date 30 November 2023, Record date 1 December 2023 and Dividend payment date 12 January 2024. Price Target Changed • Nov 23
Price target decreased by 14% to UK£3.38 Down from UK£3.95, the current price target is an average from 3 analysts. New target price is 48% above last closing price of UK£2.28. Stock is down 34% over the past year. The company posted a net loss per share of UK£0.53 last year. Announcement • Aug 24
Helical plc to Report First Half, 2024 Results on Nov 22, 2023 Helical plc announced that they will report first half, 2024 results on Nov 22, 2023 Price Target Changed • Jul 13
Price target decreased by 7.8% to UK£3.95 Down from UK£4.28, the current price target is an average from 3 analysts. New target price is 49% above last closing price of UK£2.65. Stock is down 29% over the past year. The company posted a net loss per share of UK£0.53 last year. Upcoming Dividend • Jun 15
Upcoming dividend of UK£0.087 per share at 4.4% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 28 July 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (4.6%). Reported Earnings • May 24
Full year 2023 earnings released: UK£0.53 loss per share (vs UK£0.73 profit in FY 2022) Full year 2023 results: UK£0.53 loss per share (down from UK£0.73 profit in FY 2022). Revenue: UK£49.8m (down 5.2% from FY 2022). Net loss: UK£64.5m (down 173% from profit in FY 2022). Revenue is expected to fall by 12% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Announcement • May 23
Helical plc Proposes a Final Dividend, Payable on 28 July 2023 Helical plc has proposed a final dividend of 8.70 pence per share (2022: 8.25 pence) which, if approved by Shareholders at the 2023 AGM, will be payable on 28 July 2023. The total dividend paid or payable in respect of the year to 31 March 2023 will be 11.75 pence (2022: 11.15 pence), an increase of 5.4%. The dividend date is on 22 June 2023. The record date is on 23 June 2023. Announcement • May 19
Helical plc, Annual General Meeting, Jul 13, 2023 Helical plc, Annual General Meeting, Jul 13, 2023. Announcement • Jan 10
Helical plc to Report Fiscal Year 2023 Results on May 23, 2023 Helical plc announced that they will report fiscal year 2023 results on May 23, 2023 Major Estimate Revision • Dec 08
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from UK£35.3m to UK£34.3m. Now expected to report a loss of UK£0.28 per share instead of UK£0.28 per share profit previously forecast. Real Estate industry in the United Kingdom expected to see average net income decline 42% next year. Consensus price target broadly unchanged at UK£4.12. Share price fell 6.8% to UK£3.17 over the past week. Reported Earnings • Nov 23
First half 2023 earnings released: EPS: UK£0.14 (vs UK£0.18 in 1H 2022) First half 2023 results: EPS: UK£0.14 (down from UK£0.18 in 1H 2022). Revenue: UK£23.3m (up 8.8% from 1H 2022). Net income: UK£17.2m (down 22% from 1H 2022). Profit margin: 74% (down from 104% in 1H 2022). Revenue is expected to decline by 7.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in the United Kingdom are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Sue Farr Mair was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Aug 31
Price target decreased to UK£4.62 Down from UK£5.31, the current price target is an average from 3 analysts. New target price is 18% above last closing price of UK£3.90. Stock is down 19% over the past year. The company posted earnings per share of UK£0.73 last year. Upcoming Dividend • Jun 16
Upcoming dividend of UK£0.083 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (5.0%). Lower than average of industry peers (3.3%). Reported Earnings • May 25
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: UK£0.73 (up from UK£0.15 in FY 2021). Revenue: UK£51.1m (up 43% from FY 2021). Net income: UK£88.9m (up 397% from FY 2021). Revenue exceeded analyst estimates by 59%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Over the next year, revenue is expected to shrink by 23% compared to a 11% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Sue Farr Mair was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from UK£0.42 to UK£0.51. Revenue forecast steady at UK£32.8m. Net income forecast to grow 20% next year vs 4.8% decline forecast for Real Estate industry in the United Kingdom. Consensus price target up from UK£5.30 to UK£5.41. Share price rose 3.9% to UK£4.36 over the past week. Recent Insider Transactions • Feb 23
Independent Non-Executive Chairman recently bought UK£60k worth of stock On the 22nd of February, Richard Grant bought around 15k shares on-market at roughly UK£4.02 per share. This was the largest purchase by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Recent Insider Transactions • Feb 15
Senior Independent Director recently bought UK£51k worth of stock On the 11th of February, Richard Cotton bought around 12k shares on-market at roughly UK£4.21 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Sue Farr Mair was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 25
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: UK£0.18 (up from UK£0.089 loss in 1H 2021). Revenue: UK£21.4m (up 21% from 1H 2021). Net income: UK£22.2m (up UK£32.9m from 1H 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 160%. Earnings per share (EPS) surpassed analyst estimates by 160%. Over the next year, revenue is expected to shrink by 19% compared to a 9.4% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Jun 20
Full year 2021 earnings released: EPS UK£0.15 (vs UK£0.32 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£35.8m (down 27% from FY 2020). Net income: UK£17.9m (down 54% from FY 2020). Profit margin: 50% (down from 79% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 17
Upcoming dividend of UK£0.074 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 26 July 2021. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (2.5%). Major Estimate Revision • Jun 01
Consensus EPS estimates fall to UK£0.31 The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from UK£32.4m to UK£30.1m. EPS estimate also fell from UK£0.37 to UK£0.31. Net income forecast to grow 114% next year vs 33% growth forecast for Real Estate industry in the United Kingdom. Consensus price target up from UK£4.72 to UK£4.97. Share price rose 3.5% to UK£4.40 over the past week. Reported Earnings • May 27
Full year 2021 earnings released: EPS UK£0.15 (vs UK£0.32 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£38.6m (down 22% from FY 2020). Net income: UK£17.9m (down 54% from FY 2020). Profit margin: 46% (down from 79% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 16
New 90-day high: UK£4.26 The company is up 17% from a price of UK£3.64 on 16 December 2020. Outperformed the British market which is up 5.0% over the last 90 days. Exceeded the Real Estate industry, which is up 7.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at UK£3.02 per share. Major Estimate Revision • Jan 15
Analysts update estimates The company's losses in 2021 are expected to improve with analysts raising their consensus EPS forecasts from -UK£0.061 to -UK£0.003. Revenue estimate was approximately flat at UK£24.4m. The Real Estate industry in the United Kingdom is expected to see an average net income growth of 9.8% next year. The consensus price target increased from UK£4.37 to UK£4.67. Share price is down by 3.6% to UK£3.86 over the past week. Price Target Changed • Jan 11
Price target raised to UK£4.62 Up from UK£4.28, the current price target is an average from 4 analysts. The new target price is 21% above the current share price of UK£3.82. As of last close, the stock is down 17% over the past year. Major Estimate Revision • Dec 02
Analysts update estimates The 2021 consensus revenue estimate was lowered from UK£31.7m to UK£25.0m. Earnings per share (EPS) saw an improvement, with analysts raising their estimates from -UK£0.22 to -UK£0.061 for the same period. The Real Estate industry in the United Kingdom is expected to see an average net income growth of 3.7% next year. The consensus price target increased from UK£4.28 to UK£4.37. Share price is down by 2.7% to UK£3.93 over the past week. Reported Earnings • Nov 27
First half 2021 earnings released: UK£0.089 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: UK£17.6m (down 32% from 1H 2020). Net loss: UK£10.8m (down 177% from profit in 1H 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 17% share price gain to UK£4.08, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.8x. This compares to an average P/E of 14x in the Real Estate industry in the United Kingdom. Total returns to shareholders over the past three years are 46%. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 21% share price gain to UK£4.05, the stock is trading at a trailing P/E ratio of 12.5x, up from the previous P/E ratio of 10.4x. This compares to an average P/E of 14x in the Real Estate industry in the United Kingdom. Total returns to shareholders over the past three years are 41%. Is New 90 Day High Low • Nov 05
New 90-day high: UK£3.60 The company is up 18% from its price of UK£3.04 on 07 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.49 per share. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 15% share price gain to UK£3.60, the stock is trading at a trailing P/E ratio of 11.1x, up from the previous P/E ratio of 9.7x. This compares to an average P/E of 14x in the Real Estate industry in the United Kingdom. Total returns to shareholders over the past three years are 25%. Is New 90 Day High Low • Sep 24
New 90-day low: UK£2.54 The company is down 21% from its price of UK£3.20 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 Real Estate industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.28 per share.