Town Centre Securities (TOWN)

Sector:

Property Investment Trusts

Index:

FTSE Fledgling

 155.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 159.00
  • 52 Week Low: 110.00
  • Currency: UK Pounds
  • Shares Issued: 48.38m
  • Volume: 350
  • Market Cap: £75.23m

Dividend Data

  30-Jun-2330-Jun-2230-Jun-2130-Jun-2030-Jun-19
Interim Dividend2.50p2.50p1.75p3.25p3.25p
Final Dividend2.50p2.50p1.75p1.75p8.50p
Total Dividend5.00p5.00p3.50p5.00p11.75p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Continuing Operations          
Revenue 27.63 25.38 18.70 27.99 31.42
Operating Profit/(Loss) (23.14) 18.50 5.11 (15.56) (5.51)
Net Interest (6.35) (7.49) (8.15) (9.01) (8.03)
Profit Before Tax (29.49) 11.01 (0.58) (24.12) (12.47)
Profit After Tax (29.49) 11.01 (0.58) (24.12) (12.47)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (29.49) 11.01 (0.58) (24.12) (12.47)
Attributable to:          
Equity Holders of Parent Company (29.49) 11.01 (0.58) (24.12) (12.47)
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (60.10p) 20.90p (1.10p) (45.40p) (23.40p)
Earnings per Share - Diluted (60.10p) 20.90p (1.10p) (45.40p) (23.40p)
Earnings per Share - Adjusted 6.20p 6.20p 0.60p 3.10p 12.00p
Continuing and Discontinued EPS          
Earnings per Share - Basic (60.10p) 20.90p (1.10p) (45.40p) (23.40p)
Earnings per Share - Diluted (60.10p) 20.90p (1.10p) (45.40p) (23.40p)
Earnings per Share - Adjusted 6.20p 6.20p 0.60p 3.10p 12.00p
           
Dividend per Share 5.00p 5.00p 3.50p 5.00p 11.75p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 71.56 82.30 84.09 77.63 25.80
Intangible Assets 3.67 4.91 4.84 4.02 4.02
Investment Properties 183.80 201.11 218.91 254.01 324.50
Investments 14.63 22.52 25.43 19.92 15.90
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets n/a n/a n/a n/a n/a
  273.66 310.84 333.27 355.58 370.22
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 3.26 21.71 5.31 3.47 5.35
Cash at Bank & in Hand 23.32 22.15 21.67 12.64 23.69
Current Asset Investments 6.44 n/a n/a n/a 5.87
Other Current Assets n/a 20.37 3.85 23.20 n/a
  33.02 64.23 30.83 39.31 34.92
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 306.68 375.07 364.10 394.89 405.14
           
Liabilities          
Current Liabilities          
Borrowings 26.36 58.07 63.37 61.98 n/a
Other Current Liabilities 12.39 9.83 11.50 23.24 34.74
  38.75 67.90 74.87 85.22 34.74
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 126.84 127.87 133.83 154.59 n/a
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities n/a n/a n/a n/a 182.15
  126.84 127.87 133.83 154.59 182.15
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 165.59 195.76 208.70 239.81 216.89
           
Net Assets 141.09 179.30 155.40 155.08 188.25
           
Capital & Reserves          
Share Capital 12.11 13.13 13.28 13.29 13.29
Share Premium Account 0.20 0.20 0.20 0.20 0.20
Other Reserves 4.52 1.93 1.07 1.06 0.81
Retained Earnings 124.25 164.04 140.85 140.53 173.95
Shareholders Funds 141.09 179.30 155.40 155.08 188.25
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 141.09 179.30 155.40 155.08 188.25
Cash Flow 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Net Cash Flow From Operating Activities 8.03 4.85 (2.28) 6.78 3.41
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 51.06 10.72 44.08 (4.74) 13.82
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 (56.21) (17.39) (43.61) 0.10 (22.50)
Net Increase/Decrease In Cash 2.88 (1.82) (1.80) 2.15 (5.26)
Ratios - based on IFRS 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Continuing Operations          
PE Ratio - Adjusted 20.2 21.5 240.0 30.6 17.1
PEG - Adjusted n/a 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted n/a 933% -81% -74% -8%
Dividend Cover 1.24 1.24 0.17 0.62 1.02
Revenue per Share 57.11p 52.46p 0.39p 57.85p 64.94p
Pre-Tax Profit per Share (60.95p) 22.76p (0.012p) (49.85p) (25.77p)
Operating Margin (83.74%) 72.88% 27.31% (55.59%) (17.54%)
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 20.2 21.5 23,776.4 30.6 17.1
PEG - Adjusted n/a 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted n/a 102,271% -100% -74% -8%
Dividend Cover 1.24 1.24 n/a 0.62 1.02
           
Dividend Yield 4.0% 3.7% 2.4% 5.3% 5.7%
Dividend per Share Growth n/a 42.86% (30.00%) (57.45%) 2.17%
Operating Cash Flow per Share 16.61p 10.02p (4.70p) 14.02p 7.05p
Cash Incr/Decr per Share 5.96p (3.76p) (0.038p) 4.45p (10.88p)
Net Asset Value per Share (exc. Intangibles) 284.02p 360.45p 311.18p 312.21p 380.77p
Net Gearing 92.06% 91.35% 112.96% 131.50% n/a

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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