Henry Boot (BOOT)

Sector:

Real Estate

Index:

FTSE Small Cap

181.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 250.00
  • 52 Week Low: 170.00
  • Currency: UK Pounds
  • Shares Issued: 133.99m
  • Volume: 1,866
  • Market Cap: £242.52m
  • RiskGrade: 118

Henry Boot cuts dividend as profit drops

By Sean Farrell

Date: Monday 24 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Henry Boot cut its interim dividend by 40% as the property developer reported a sharp drop in first-half profit caused by the Covid-19 crisis.
Pretax profit for the six months to the end of June fell to £7.2m from £24.1m a year earlier as revenue declined to £108.7m from £189m.

Henry Boot declared an interim dividend of 2.2p a share, down from 3.7p a year earlier. The company said the dividend was based on its financial position and long-term confidence.

Financial performance was affected by the fall in business activity caused by Covid-19 and an unflattering comparison with the first half of 2019 when business was boosted by a big property development contract, the company said.

Chairman Jamie Boot said results for the first half were slightly better than expected and that it would reinstate financial guidance for 2020.

Boot said: "While cash management will be a priority, we now feel that the group can continue to look to reinvest in the development pipeline and seek to grow the business. We do not underestimate the trading challenges we will face in the short term, but Henry Boot remains in a strong position to deliver for the long term."

The company said it had £42.3m net cash at the end of June compared with £50.3m net debt a year earlier. Its shares rose 0.4% to 256p at 11:22 BST.

Email this article to a friend

or share it with one of these popular networks:


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.

 

Henry Boot Market Data

Currency UK Pounds
Share Price 181.00p
Change Today 0.50p
% Change 0.28 %
52 Week High 250.00
52 Week Low 170.00
Volume 1,866
Shares Issued 133.99m
Market Cap £242.52m
RiskGrade 118

Henry Boot Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.45% above the market average90.45% above the market average90.45% above the market average90.45% above the market average90.45% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
46.97% below the market average46.97% below the market average46.97% below the market average46.97% below the market average46.97% below the market average
62.79% below the sector average62.79% below the sector average62.79% below the sector average62.79% below the sector average62.79% below the sector average
Income
61.87% above the market average61.87% above the market average61.87% above the market average61.87% above the market average61.87% above the market average
61.29% above the sector average61.29% above the sector average61.29% above the sector average61.29% above the sector average61.29% above the sector average
Growth
23.55% below the market average23.55% below the market average23.55% below the market average23.55% below the market average23.55% below the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Henry Boot Dividends

  Latest Previous
  Final Interim
Ex-Div 02-May-24 28-Sep-23
Paid 31-May-24 13-Oct-23
Amount 4.40p 2.93p

Trades for 28-Mar-2024

Time Volume / Share Price
08:04 532 @ 181.00p
08:04 487 @ 180.50p
08:04 306 @ 179.00p
08:04 491 @ 179.00p
08:00 50 @ 180.50p

Henry Boot Key Personnel

CEO Timothy Andrew Roberts

Top of Page