Henry Boot (BOOT)

Sector:

Real Estate

Index:

FTSE Small Cap

224.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 342.00
  • 52 Week Low: 185.00
  • Currency: UK Pounds
  • Shares Issued: 133.17m
  • Volume: 33,080
  • Market Cap: £298.31m
  • RiskGrade: 118

Henry Boot FY profit up, hails good start to 2018

By Michele Maatouk

Date: Friday 23 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Construction and property development business Henry Boot posted a rise in full-year profit on Friday as revenue increased and it hailed a good start to 2018.
In the year to the end of December 2017, pre-tax profit was up 40% to £55.4m on revenue of £408.5m, up 33% from the previous year. Earnings per share were 49% higher at 32.1p and the company proposed a final dividend of 5.20p, giving a total for the year of 8p, up 14%. Meanwhile, net asset value per share rose 15% to 203p.

The group said its "record" financial performance was mostly due to developments schemes being delivered more quickly than it originally expected. Revenue for the year was more than twice what it achieved in 2015 as it delivered products such as the new Aberdeen Exhibition and Conference Centre, the residential conversion of the former Terry's Chocolate Factory and the extension of its Markham Vale industrial scheme.

Henry Boot also sold 15 strategic land sites, delivered over £60m of construction work, £17m of plant hire sales and almost £25m of new house sales through our joint venture house builder, Stonebridge Homes.

Chairman Jamie Boot said: "We have made a good start to the 2018 financial year, having already concluded a number of land sales. In addition, we have a strong pipeline of construction work, commercial development projects and strategic land sites working through the marketing process, on which to capitalise through the year.

"Our focus consequently continues to be on the profitable delivery of these schemes and the value they will create for all our stakeholders. I look forward to reporting on our success in doing this through 2018 and beyond."

At 1300 GMT, the shares were up 0.8% to 305.40p.

Numis said the results were "strong", with revenue ahead of its £404m estimate and pre-tax profit higher than the £54m it had pencilled in.

"With strong demand for consented residential land and the group in a preferred position in regards to £1bn of property development opportunities, we believe that the risk to forecasts is to the upside

"However, with the shares up over 50% since the start of 2017, we retain our hold recommendation on valuation grounds."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Henry Boot Market Data

Currency UK Pounds
Share Price 224.00p
Change Today 3.00p
% Change 1.36 %
52 Week High 342.00
52 Week Low 185.00
Volume 33,080
Shares Issued 133.17m
Market Cap £298.31m
RiskGrade 118

Henry Boot Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.02% above the market average78.02% above the market average78.02% above the market average78.02% above the market average78.02% above the market average
70.91% above the sector average70.91% above the sector average70.91% above the sector average70.91% above the sector average70.91% above the sector average
Price Trend
4.37% below the market average4.37% below the market average4.37% below the market average4.37% below the market average4.37% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income
68.12% above the market average68.12% above the market average68.12% above the market average68.12% above the market average68.12% above the market average
53.49% above the sector average53.49% above the sector average53.49% above the sector average53.49% above the sector average53.49% above the sector average
Growth
52.89% below the market average52.89% below the market average52.89% below the market average52.89% below the market average52.89% below the market average
16.98% below the sector average16.98% below the sector average16.98% below the sector average16.98% below the sector average16.98% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Henry Boot Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Jun-20 19-Sep-19
Paid 06-Jul-20 18-Oct-19
Amount 1.30p 3.70p

Trades for 26-May-2020

Time Volume / Share Price
08:24 65,000 @ 235.00p
16:35 1,692 @ 224.00p
15:39 1,450 @ 232.26p
15:30 261 @ 233.00p
14:17 2,123 @ 226.73p

Henry Boot Key Personnel

Chair Edward Jamie Boot
CEO Timothy Andrew Roberts

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