London & Associated Properties (LAS)

Sector:

Energy Producers

 12.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 15.50
  • 52 Week Low: 8.50
  • Currency: UK Pounds
  • Shares Issued: 85.33m
  • Volume: 0
  • Market Cap: £10.24m
  • RiskGrade: 294

Key Financials

  £ (Millions) £ (Millions)
Growth Metrics 31-Dec-10 31-Dec-09
Annualisation Factor 1.0 1.0
Dividend Yield 2.7% 2.7%
     
Continuing Operations    
PE Ratio - Adjusted n/a 1.8
PE Ratio - Diluted n/a
n/a		 1.8
1.8
PEG - Adjusted n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a
Return on Capital Employed 0.60%
0.60%		 15.31%
15.31%
Operating Margin 11.94%
11.94%		 196.69%
196.67%
     
Continuing & Discontinued Operations    
PE Ratio - Adjusted n/a 1.8
PE Ratio - Diluted n/a
n/a		 1.8
1.8
PEG - Adjusted n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09
Net Gearing 235.80% 247.61%

  £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09
Price/Book Value 0.6 0.6
Price/Tangible Book Value 0.6 0.6
Price/ Cash Flow 3.6 2.9
Price/Revenue 2.16 2.05
Price/R&D n/a n/a
Net Asset Value per Share (exc. Intangibles) 67.68p 75.44p
Net Cash per Share n/a n/a

  £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09
Continuing Operations    
Revenue 15.98 16.55
EBITDA 2.11
2.11		 32.76
32.75
Depreciation (0.20)
(0.20)		 (0.21)
(0.21)
Net Interest (11.86)
(11.86)		 (12.35)
(12.35)
Profit Before Tax (10.69)
(10.69)		 21.41
21.40
     
Revenue per Share 19.40p 21.12p
Pre-Tax Profit per Share (12.97p)
(12.97p)		 27.32p
27.32p
Market Capitalisation £ (Millions) 35.11 34.44
Enterprise Value (EV) £ (Millions) 175.17 189.44
EBITDA/EV 1.20%
1.20%		 17.29%
17.29%
Operating Margin 11.94%
11.94%		 196.69%
196.67%
Capital Employed £ (Millions) 195.89 220.50
Return on Capital Employed 0.60%
0.60%		 15.31%
15.31%
Invested Equity Capital £ (Millions) 55.83 65.50
     
Earnings per Share - Basic (4.24p)
(4.24p)		 24.32p
24.31p
Earnings per Share - Diluted (4.24p)
(4.24p)		 24.32p
24.31p
Earnings per Share - Adjusted (4.24)p 24.32p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a
PE Ratio - Diluted n/a
n/a		 1.8
1.8
PEG - Diluted n/a
n/a		 n/a
n/a
Tax Rate 71.86% 13.38%
Dividend Cover (3.69)
(3.69)		 21.15
21.14
Interest Cover 0.10
0.10		 2.72
2.72
     
Continuing & Discontinued Operations    
Earnings per Share - Basic (4.24p)
(4.24p)		 24.32p
24.31p
Earnings per Share - Diluted (4.24p)
(4.24p)		 24.32p
24.31p
Earnings per Share - Adjusted (4.24p) 24.32p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted n/a n/a
PE Ratio - Diluted n/a
n/a		 1.8
1.8
PEG - Diluted n/a
n/a		 n/a
n/a
Dividend Cover (3.69)
(3.69)		 21.15
21.14
Return on Equity (ROE) (6.26%)
(6.26%)		 29.09%
29.08%
Operating Cash Flow per Share 11.77p 14.97p
Gross Cash Flow per Share cn/a cn/a
Cash Incr/Decr per Share 3.98p 0.67p
Capital Expenditure per Share n/a n/a
Dividend per Share 1.15p 1.15p
Dividend per Share Growth n/a n/a
Dividend Yield 2.7% 2.7%
Shareholders Funds 55.76 59.10
Net Borrowings £ (Millions) 131.48 146.35
Net Asset Value per Share (inc. Intangibles) 67.68p 75.44p

  £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09
Shareholders' Funds inc Intangibles 55.76 59.10
Net Borrowings £ (Millions) 131.48 146.35
Net Gearing 235.80% 247.61%
Cash & Near Cash 8.58 8.65
Cash 15.39% 14.64%
Gross Borrowings 140.07 155.00
Gross Gearing 251.20% 262.26%
Borrowings Under 5 years 140.07 155.00
Under 5 years 251.20% 262.26%
Borrowings Under 1 year n/a n/a
Under 1 year n/a n/a

  £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-10 31-Dec-09
Shareholders' Funds exc Intangibles 55.76 59.10
Net Borrowings £ (Millions) 131.48 146.35
Net Gearing 235.80% 247.61%
Cash & Near Cash 8.58 8.65
Cash 15.39% 14.64%
Gross Borrowings 140.07 155.00
Gross Gearing 251.20% 262.26%
Borrowings Under 5 years 140.07 155.00
Under 5 years 251.20% 262.26%
Borrowings Under 1 year n/a n/a
Under 1 year n/a n/a

  £ (Millions) £ (Millions)
Cover 31-Dec-10 31-Dec-09
Quick Ratio n/a n/a
Current Ratio 0.96 0.69

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

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.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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