HML Holdings (HMLH)

Sector:

Real Estate

 37.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 37.00
  • 52 Week Low: 24.00
  • Currency: UK Pounds
  • Shares Issued: 46.00m
  • Volume: 890
  • Market Cap: £17.02m
  • RiskGrade: 178

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 37.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 37.00
52 Week Low 24.00
Volume 890
Shares Issued 46.00m
Market Cap £17.02m
RiskGrade 178

HML Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.52% above the market average69.52% above the market average69.52% above the market average69.52% above the market average69.52% above the market average
35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average
Price Trend
56.08% above the market average56.08% above the market average56.08% above the market average56.08% above the market average56.08% above the market average
82.14% above the sector average82.14% above the sector average82.14% above the sector average82.14% above the sector average82.14% above the sector average
Income
1.24% below the market average1.24% below the market average1.24% below the market average1.24% below the market average1.24% below the market average
53.49% below the sector average53.49% below the sector average53.49% below the sector average53.49% below the sector average53.49% below the sector average
Growth
18.95% below the market average18.95% below the market average18.95% below the market average18.95% below the market average18.95% below the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average

HML Holdings Dividends

  Latest Previous
  Final Final
Ex-Div 01-Oct-20 03-Oct-19
Paid 16-Oct-20 18-Oct-19
Amount 0.52p 0.47p

Trades for 18-Sep-2020

Time Volume / Share Price
08:00 890 @ 36.10p

HML Holdings Key Personnel

Finance Director James Howgego
CEO Alec Guthrie

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