Christie Group (CTG)

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FTSE AIM All-Share

 79.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 128.50
  • 52 Week Low: 57.50
  • Currency: UK Pounds
  • Shares Issued: 26.38m
  • Volume: 2,696
  • Market Cap: £20.97m
  • RiskGrade: 298

Terra Firma puts Wyevale Garden Centre up for sale

By Caoimhe Toman

Date: Tuesday 22 May 2018

LONDON (ShareCast) - (Sharecast News) - Private equity fund Terra Firma has put Wyevale Garden Centres on the block, offering a trade buyer a portfolio of 145 retail outlets across the UK ranging from horticultural centres to leisure destination venues.
The sale comes at an "advanced stage of a turnaround programme", Terra Firma said, after significant investment in the core business since being bought from Lloyds for £276m in 2012 as The Garden Centre Group.

Terra Firma boss Guy Hands has tried to sell Wyevale before, with selling prices reaching up to £700m, and has now appointed property adviser Christie & Co to advise on the process of the sale.

Wyevale lost £105.5m in its last full year but is expected to grow profit substantially this year after a recovery in May from poor weather earlier in the year after a turnaround overseen by Terra Firma vice president Justin King and Weyevale chief executive Roger Mclaughlan, ex of Sainsbury's and Toys R Us respectively.

"The improvements made by the new leadership team at Wyevale Garden Centres supported by 6000 dedicated colleagues, means that now is the right time to seek new, long term ownership for the business," said King.

Mclaughlan added: "Wyevale Garden Centres has transformed beyond recognition over the last few years, and our customers are responding really positively to all the improvements we've been making, with improved ranges, high stock availability and exceptional garden centre standards."

Steve Rodell from Christie & Co said, "The sale of Wyevale Garden Centres presents a unique opportunity for a wide range of buyers from financial institutions, existing garden centre operators, independent business people and entrepreneurs to buy well invested local garden centres within the price range of £200k to £35m."

The sites range in size from one to 108 acres and are profitable standalone business opportunities, with the majority of sites including restaurants, cafes and children's play areas.

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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.

 

Christie Group Market Data

Currency UK Pounds
Share Price 79.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 128.50
52 Week Low 57.50
Volume 2,696
Shares Issued 26.38m
Market Cap £20.97m
RiskGrade 298

Christie Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.62% above the market average3.62% above the market average3.62% above the market average3.62% above the market average3.62% above the market average
4.59% above the sector average4.59% above the sector average4.59% above the sector average4.59% above the sector average4.59% above the sector average
Price Trend
17.17% below the market average17.17% below the market average17.17% below the market average17.17% below the market average17.17% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Income
41.64% above the market average41.64% above the market average41.64% above the market average41.64% above the market average41.64% above the market average
30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average
Growth
57.23% above the market average57.23% above the market average57.23% above the market average57.23% above the market average57.23% above the market average
53.70% above the sector average53.70% above the sector average53.70% above the sector average53.70% above the sector average53.70% above the sector average

Christie Group Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Oct-19 06-Jun-19
Paid 01-Nov-19 05-Jul-19
Amount 1.25p 1.75p

Trades for 29-May-2020

Time Volume / Share Price
15:31 1,000 @ 80.00p
09:28 30 @ 84.00p
08:14 1,666 @ 78.75p

Christie Group Key Personnel

COO Dan Prickett

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