Panther Securities (PNS)

Sector:

Real Estate

 350.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 385.00
  • 52 Week Low: 330.00
  • Currency: UK Pounds
  • Shares Issued: 17.68m
  • Volume: 500
  • Market Cap: £61.89m
  • RiskGrade: 66

Panther Securities expecting £20m profit for 2017

By Josh White

Date: Wednesday 07 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Panther Securities announced on Wednesday that, based on preliminary unaudited information, it expects the profit after taxation for the year ended 31 December to be of the order of £20m.
The AIM-traded firm put the performance down to a number of factors, including the independent revaluation of the group's entire portfolio at 31 December, which would likely result in an increase in valuation at year-end of approximately £16m.

Additionally, the group's interest rate swaps liability at 31 December showed a positive movement of approximately £2m over the financial year.

The board said it expected to report a profit of approximately £1m on the sale of a number of investment properties, with the sale of most of its investment shares producing an additional profit of over £1m.

Rental income also reportedly held up "very well" in a tough environment for retailers.

"The above expected group profit after taxation in the order of £20m does not include any additional profit that would arise on the completion of the sale of Holloway Head, Birmingham," the Panther board said in its statement.

On 30 November last year, the company announced that the contract had been extended, with the purchaser seeking to complete at the beginning of March 2018.

"The purchaser was not in a position to complete and has been granted a further extension of five weeks, at a cost of £40,000 per week.

"In the event that completion takes place before the accounts for the year ended 31 December are signed, under the accounting standards, an additional profit after taxation of £3.8m would be achieved as part of the results for the year."

Panther Securities said it expected to announce the audited results for the year ended in late April.

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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.

 

PNS Market Data

Currency UK Pounds
Share Price 350.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 385.00
52 Week Low 330.00
Volume 500
Shares Issued 17.68m
Market Cap £61.89m
RiskGrade 66

PNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.31% above the market average82.31% above the market average82.31% above the market average82.31% above the market average82.31% above the market average
79.31% above the sector average79.31% above the sector average79.31% above the sector average79.31% above the sector average79.31% above the sector average
Price Trend
1.84% above the market average1.84% above the market average1.84% above the market average1.84% above the market average1.84% above the market average
30% below the sector average30% below the sector average30% below the sector average30% below the sector average30% below the sector average
Income
50.65% above the market average50.65% above the market average50.65% above the market average50.65% above the market average50.65% above the market average
47.62% above the sector average47.62% above the sector average47.62% above the sector average47.62% above the sector average47.62% above the sector average
Growth
96.1% below the market average96.1% below the market average96.1% below the market average96.1% below the market average96.1% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

PNS Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Nov-19 08-Aug-19
Paid 28-Nov-19 05-Sep-19
Amount 6.00p 6.00p

Trades for 20-Feb-2020

Time Volume / Share Price
16:09 2,386 @ 330.00p
16:12 500 @ 330.00p

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