HIGHCROFT - Good Value; but also an interesting appt...
Posted: December 15th, 2017, 12:23 pm
An interesting RNS today from propco tiddler Highcroft (HCFT). Charles Butler - the former CEO of Market Tech (the £3bn propco which owns great chunks of Camden Market) has been appointed Chairman. May amount to nothing at all; but certainly a vote of confidence in HCFT & its Board.
https://uk.advfn.com/stock-market/londo ... e/76304659
I recently bought a few @ 880p; and was waiting for another offer at the same price; but on today's appointment I've decided to pay the full 900p for my balance.
The March Finals for the y/e Dec’17, should reveal a total dividend of 44p (41p) and an NAV of c1110p (1097p as at 30th Jun’17). So at 900p the yield = 4.9% and the discount = 18.9%.
Perhaps nothing exceptional; but if there is more to this appointment than immediately meets the eye, then there could be some good upside from here.
https://uk.advfn.com/stock-market/londo ... e/76304659
I recently bought a few @ 880p; and was waiting for another offer at the same price; but on today's appointment I've decided to pay the full 900p for my balance.
The March Finals for the y/e Dec’17, should reveal a total dividend of 44p (41p) and an NAV of c1110p (1097p as at 30th Jun’17). So at 900p the yield = 4.9% and the discount = 18.9%.
Perhaps nothing exceptional; but if there is more to this appointment than immediately meets the eye, then there could be some good upside from here.