Henry Boot (BOOT)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

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247.30p
   
  • Change Today:
    -1.20p
  • 52 Week High: 300.00
  • 52 Week Low: 230.00
  • Currency: UK Pounds
  • Shares Issued: 133.08m
  • Volume: 6,190
  • Market Cap: £329.11m
  • RiskGrade: 118
  • Beta: 0.01

Henry Boot H1 profit rises, second half starts well

By Michele Maatouk

Date: Friday 24 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Property and construction company Henry Boot reported a 16% rise in first-half pre-tax profit on Friday and said second-half trading has started well.
In the six months to 30 June, pre-tax profit rose to £26.2m from £22.6m in the same period a year ago, while operating profit was up 15.8% to £26.4m and earnings per share increased nearly 20% to 15.7p.

Revenue for the period was pretty much stable at £196.2m, net debt fell to £26m from £62.2m in the first half of last year and the company upped its interim dividend by 14.3% to 3.20p a share.

The group said it has continued to see consistent levels of demand across all of its businesses, but most particularly for housing development land within Hallam Land and housing within Stonebridge Homes.

As expected, 2018 has been quieter than 2017 in its commercial property development business, but it is gradually seeing an increase in expected development activity for 2019. However, it noted that this is subject to stable trading conditions and the uncertain political climate that all businesses in the UK are currently operating under.

Henry Boot said that while there is no evidence that investment decisions are being deferred due to current Brexit negotiations, it is seeing a little more caution and higher levels of due diligence before projects progress.

Chief executive John Sutcliffe said: "We are very pleased to report another impressive performance in the first half of 2018, achieving improved profit, earnings per share, net asset value and dividends, while significantly reducing debt, compared to a year ago.

"So long as market conditions remain stable as we transit through the political and economic uncertainties, we look to the future with confidence. We have a strong pipeline of land, housing and commercial development opportunities to provide our customers with the property assets they require."

Sutcliffe added that following a good start to the second half and given the level of forward contracted business, the company is confident of meeting its expectations for the full year and for 2019.

At 0815 BST, the shares were down 0.6% to 269p.

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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 247.30p
Change Today -1.20p
% Change -0.48 %
52 Week High 300.00
52 Week Low 230.00
Volume 6,190
Shares Issued 133.08m
Market Cap £329.11m
Beta 0.01
RiskGrade 118

Henry Boot Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.53% above the market average89.53% above the market average89.53% above the market average89.53% above the market average89.53% above the market average
62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average
Price Trend
30.44% below the market average30.44% below the market average30.44% below the market average30.44% below the market average30.44% below the market average
28.21% below the sector average28.21% below the sector average28.21% below the sector average28.21% below the sector average28.21% below the sector average
Income
56.25% above the market average56.25% above the market average56.25% above the market average56.25% above the market average56.25% above the market average
17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average
Growth
0.06% above the market average0.06% above the market average0.06% above the market average0.06% above the market average0.06% above the market average
17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
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 25-Apr-19 20-Sep-18
Paid 29-May-19 19-Oct-18
Amount 5.80p 3.20p

Trades for 26-Jun-2019

Time Volume / Share Price
08:34 2,850 @ 247.30p
08:04 3,340 @ 249.07p

Henry Boot Key Personnel

Chair Edward Jamie Boot
CEO John T Sutcliffe

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