20th Jul 2022 10:59
Harworth Group PLC - Rotherham, South Yorkshire-based land regenerator - Guides for EPRA
net disposal value at April 30 ahead of consensus expectations, which forecast the figure at 211 pence. Attributes this to "strong operational progress" in the first half. Notes 84% of budgeted industrial & logistics land sales for 2022 have completed, or are subject to heads of terms, in-line with or at a premium to December 31 book value.
"We made significant operational and financial progress in the first half: our Grade A logistics direct development at Bardon Hill is letting well and close to practical completion, and we continue to accelerate our residential sales including the largest ever sale to date at Waverley. This has driven our EPRA NDV and means we are continuing to deliver successfully against our growth strategy supported by a robust market for our residential and industrial & logistics products," Chief Executive Lynda Shillaw says.
Available liquidity stands at GBP144.4 million, up from GBP128.0 million at the end of 2021.
Will publish interim results on September 13.
Current stock price: 160.50 pence
12-month change: up 8.8%
By Paul McGowan; [email protected]
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