Helical Bar Plc (HLCLL)

218.00p
   
  • Change Today:
      0.005p
  • 52 Week High: 279.00
  • 52 Week Low: 186.00
  • Currency: UK Pounds
  • Shares Issued: 118.18m
  • Volume: 11,027
  • Market Cap: £257.64m

Helical's H1 pre-tax profit slips as EPRA NAV, interim dividend rise

By Andrew Schonberg

Date: Thursday 24 Nov 2016

LONDON (ShareCast) - (ShareCast News) - Helical has posted a lower first-half pre-tax profit, although both its EPRA net asset value per share and interim dividend improved.
"Looking ahead, the UK faces a continued period of uncertainty as it seeks its place in a post Brexit world," said chief executive Gerald Kaye in a statement.

"However, I believe it will remain resilient and London will continue to be a World City attracting people, businesses and investors," Kaye added.

Helical's IFRS pre-tax profit came in at £31.1m, from £85.9m. EPRA net asset value rose 3% to 471p, from 456p. Interim dividend was proposed at 2.4p, up 4.3% from 2.3p.

"Helical's portfolio at the half year reflected passing rents of £39m, contracted rents of a further £13m and an ERV of £78m," said Kaye.

He expected Helical's EPRA earnings per share -- which came in at 4.4p, from 13p -- to grow proportionately as this reversionary potential was captured and passing rental income grows.

"In London, where most of this reversionary potential exists, we have an exciting collection of assets under refurbishment and development in locations where we believe demand from occupiers will continue to be robust," Kaye added.

At about 13:58 GMT, Helical's shares were up 9.61% to 288p each.

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Helical Bar Plc Market Data

Currency UK Pounds
Share Price 218.00p
Change Today 0.005p
% Change -0.23 %
52 Week High 279.00
52 Week Low 186.00
Volume 11,027
Shares Issued 118.18m
Market Cap £257.64m

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
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Trades for 14-Jun-2024

Time Volume / Share Price
16:20 299 @ 218.00p
16:20 127 @ 217.75p
16:19 67 @ 218.00p
16:19 680 @ 217.25p
16:19 59 @ 217.25p

Helical Bar Plc Key Personnel

CEO Gerald A Kaye
Finance Director Tim Murphy

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