HML Holdings (HMLH)

Sector:

Real Estate

Index:

FTSE AIM All-Share

 33.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 36.50
  • 52 Week Low: 30.00
  • Currency: UK Pounds
  • Shares Issued: 45.89m
  • Volume: 0
  • Market Cap: £15.14m
  • RiskGrade: 60

HML Holdings buys London property manager for up to £2.7m

By Maryam Cockar

Date: Monday 03 Apr 2017

LONDON (ShareCast) - (ShareCast News) - HML Holdings, a provider of property management and insurance services, is to buy Faraday Property Management, a Holborn-based property manager, for up to £2.7m.
The acquisition, which is expected to complete on 1 April, will be paid with £2.7m in cash, offset against £500,000 of free cash in Faraday, funded from existing cash resources, as well as the issue of £100,000 worth of HML shares of 1.5p each.

The deal includes additional performance related payments of £600,000, subject to Faraday achieving certain criteria and will be payable over 24 months from the acquisition date.

Faraday, like HML, focuses on local private residential properties and manages over 4,000 residential units in 72 estates and blocks of flats, generating annual revenue of £1.9m and normalised pre-tax earnings of £400,000.

It is expected that Faraday will be immediately earnings enhancing. The board and senior management team of Faraday are all remaining with the business which will continue to operate from their offices in Holborn.

HML chief executive Rob Plumb said: "Faraday has grown to be one of central London's most successful property management businesses. Its focus on high value properties and the excellent provision of building surveying services has enabled it to achieve an admirable and consistent return for its shareholders."

Shares in HML Holdings were up 1% to 40.40p at 0828 BST.

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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.

 

HML Holdings Market Data

Currency UK Pounds
Share Price 33.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 36.50
52 Week Low 30.00
Volume 0
Shares Issued 45.89m
Market Cap £15.14m
RiskGrade 60

HML Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.68% above the market average12.68% above the market average12.68% above the market average12.68% above the market average12.68% above the market average
16.36% below the sector average16.36% below the sector average16.36% below the sector average16.36% below the sector average16.36% below the sector average
Price Trend
17.12% above the market average17.12% above the market average17.12% above the market average17.12% above the market average17.12% above the market average
13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average
Income
20.93% below the market average20.93% below the market average20.93% below the market average20.93% below the market average20.93% below the market average
41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average
Growth
14.59% above the market average14.59% above the market average14.59% above the market average14.59% above the market average14.59% above the market average
40.35% above the sector average40.35% above the sector average40.35% above the sector average40.35% above the sector average40.35% above the sector average

HML Holdings Dividends

  Latest Previous
  Final Final
Ex-Div 03-Oct-19 04-Oct-18
Paid 18-Oct-19 19-Oct-18
Amount 0.47p 0.42p

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

HML Holdings Key Personnel

Finance Director James Howgego
CEO Alec Guthrie

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