Town Centre Securities (TOWN)

Sector:

Property Investment Trusts

Index:

FTSE Fledgling

 89.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 232.00
  • 52 Week Low: 86.00
  • Currency: UK Pounds
  • Shares Issued: 53.07m
  • Volume: 5,164
  • Market Cap: £47.23m

Dividend Data

  30-Jun-2030-Jun-1930-Jun-1830-Jun-1730-Jun-16
Interim Dividend3.25p3.25p3.25p3.25p3.10p
Final Dividend1.75p8.50p8.50p8.25p7.90p
Total Dividend5.00p11.75p3.25p11.50p11.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 30-Jun-20 30-Jun-19 30-Jun-18 30-Jun-17 30-Jun-16
Continuing Operations          
Revenue 27.99 31.42 30.18 27.54 26.27
Operating Profit/(Loss) (15.60) (5.51) 22.50 13.02 18.37
Net Interest (9.01) (8.03) (7.89) (7.64) (7.85)
Profit Before Tax (24.16) (12.47) 18.38 6.72 11.92
Profit After Tax (24.16) (12.47) 18.38 6.72 11.92
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (24.16) (12.47) 18.38 6.72 11.92
Attributable to:          
Equity Holders of Parent Company (24.16) (12.47) 18.38 6.72 11.92
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (45.50p) (23.40p) 34.60p 12.70p 22.40p
Earnings per Share - Diluted (45.50p) (23.40p) 34.60p 12.70p 22.40p
Earnings per Share - Adjusted 3.90p 12.00p 13.00p 13.20p 12.40p
Continuing and Discontinued EPS          
Earnings per Share - Basic (45.50p) (23.40p) 34.60p 12.70p 22.40p
Earnings per Share - Diluted (45.50p) (23.40p) 34.60p 12.70p 22.40p
Earnings per Share - Adjusted 3.90p 12.00p 13.00p 13.20p 12.40p
           
Dividend per Share 5.00p 11.75p 11.50p 11.15p 11.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 30-Jun-20 30-Jun-19 30-Jun-18 30-Jun-17 30-Jun-16
Assets          
Non-Current Assets          
Property, Plant & Equipment 51.27 25.80 24.97 24.47 23.23
Intangible Assets 4.02 4.02 4.02 4.02 4.02
Investment Properties 280.91 324.50 336.31 326.77 325.31
Investments 16.41 15.90 41.87 29.80 25.09
Other Financial Assets n/a n/a n/a n/a 0.01
Other Non-Current Assets n/a n/a n/a n/a n/a
  352.62 370.22 407.17 385.06 377.66
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 3.47 5.35 6.29 3.31 7.39
Cash at Bank & in Hand 12.64 23.69 23.15 3.12 n/a
Current Asset Investments 3.51 5.87 3.53 2.39 2.07
Other Current Assets 23.20 n/a n/a n/a n/a
  42.82 34.92 32.97 8.82 9.46
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 395.43 405.14 440.14 393.89 387.11
           
Liabilities          
Current Liabilities          
Borrowings n/a n/a n/a n/a 0.89
Other Current Liabilities 85.37 34.74 37.95 10.85 11.50
  85.37 34.74 37.95 10.85 12.39
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings n/a n/a n/a n/a 184.87
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 154.59 182.15 198.06 191.97 n/a
  154.59 182.15 198.06 191.97 184.87
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 239.96 216.89 236.01 202.81 197.26
           
Net Assets 155.48 188.25 204.12 191.08 189.86
           
Capital & Reserves          
Share Capital 13.29 13.29 13.29 13.29 13.29
Share Premium Account 0.20 0.20 0.20 0.20 0.20
Other Reserves 1.31 0.81 0.81 1.16 1.06
Retained Earnings 140.68 173.95 189.83 176.43 175.31
Shareholders Funds 155.48 188.25 204.12 191.08 189.86
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 155.48 188.25 204.12 191.08 189.86
Cash Flow 30-Jun-20 30-Jun-19 30-Jun-18 30-Jun-17 30-Jun-16
Net Cash Flow From Operating Activities 6.78 3.41 6.64 10.11 5.66
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (4.74) 13.82 (3.97) (7.37) (6.76)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities 0.10 (22.50) (0.32) 1.27 (1.30)
Net Increase/Decrease In Cash 2.15 (5.26) 2.35 4.01 (2.40)
Ratios - based on IFRS 30-Jun-20 30-Jun-19 30-Jun-18 30-Jun-17 30-Jun-16
Continuing Operations          
PE Ratio - Adjusted 24.4 17.1 22.2 22.0 22.2
PEG - Adjusted n/a n/a n/a 3.7 11.1
Earnings per Share Growth - Adjusted -68% -8% -2% 6% 2%
Dividend Cover 0.78 1.02 1.13 1.18 1.13
Revenue per Share 52.74p 59.20p 56.87p 51.89p 49.50p
Pre-Tax Profit per Share (45.52p) (23.50p) 34.63p 12.66p 22.46p
Operating Margin (55.73%) (17.54%) 74.55% 47.28% 69.93%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 24.4 17.1 22.2 22.0 22.2
PEG - Adjusted n/a n/a n/a 3.7 11.1
Earnings per Share Growth - Adjusted -68% -8% -2% 6% 2%
Dividend Cover 0.78 1.02 1.13 1.18 1.13
           
Dividend Yield 5.3% 5.7% 4.0% 3.8% 4.0%
Dividend per Share Growth (57.45%) 2.17% 3.14% 1.36% 5.36%
Operating Cash Flow per Share 12.79p 6.43p 12.51p 19.05p 10.66p
Cash Incr/Decr per Share 4.05p (9.92p) 4.43p 7.56p (4.53p)
Net Asset Value per Share (exc. Intangibles) 285.38p 347.12p 377.05p 352.46p 350.17p
Net Gearing n/a n/a n/a n/a 97.84%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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