FIH Group (FIH)

Sector:

Support

220.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 274.00
  • 52 Week Low: 201.50
  • Currency: UK Pounds
  • Shares Issued: 12.52m
  • Volume: 660
  • Market Cap: £27.54m

FIH Group acquires East London industrial estate

By Iain Gilbert

Date: Wednesday 05 Dec 2018

LONDON (ShareCast) - (Sharecast News) - British conglomerate FIH Group has purchased a 2.5-acre industrial estate in Leyton to provide its Momart subsidiary with long-term security of tenure.
The Falklands Islands-based outfit acquired the East London site, which consists solely of five warehouses operated by its art handling subsidiary, from its longstanding landlords, H Young and Co, for £19.4m - effectively exchanging its former leasehold interest and associated escalating property rents of £800,000 per annum.

FIH will finance the purchase from its cash reserves and by drawing down upon new secured mortgage facilities.

The group noted it would retain "significant cash resources" following the transaction, allowing it to invest in the future expansion of its other operations - most notably in the Falkland Islands.

Chief executive John Foster, said: "We are pleased to have acquired the Leyton property as this will result in significant savings of annual rent for the group and removes the prospect of a continuing escalation in future operating costs."

"We are confident that over the medium term the purchase will generate meaningful cash savings for the group and will both enhance and improve its quality of earnings."

As of 1150 GMT, FIH shares had picked up 1.10% to 276p.

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FIH Group Market Data

Currency UK Pounds
Share Price 220.00p
Change Today 5.00p
% Change 2.33 %
52 Week High 274.00
52 Week Low 201.50
Volume 660
Shares Issued 12.52m
Market Cap £27.54m

FIH Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.40% above the market average24.40% above the market average24.40% above the market average24.40% above the market average24.40% above the market average
42.22% above the sector average42.22% above the sector average42.22% above the sector average42.22% above the sector average42.22% above the sector average
Price Trend
29.26% below the market average29.26% below the market average29.26% below the market average29.26% below the market average29.26% below the market average
38.61% below the sector average38.61% below the sector average38.61% below the sector average38.61% below the sector average38.61% below the sector average
Income
38.13% above the market average38.13% above the market average38.13% above the market average38.13% above the market average38.13% above the market average
32.31% above the sector average32.31% above the sector average32.31% above the sector average32.31% above the sector average32.31% above the sector average
Growth
99.29% above the market average99.29% above the market average99.29% above the market average99.29% above the market average99.29% 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

FIH Group Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Nov-23 28-Sep-23
Paid 12-Jan-24 31-Oct-23
Amount 1.25p 5.30p

Trades for 28-Mar-2024

Time Volume / Share Price
09:22 660 @ 201.50p

FIH Group Key Personnel

CEO Stuart Munro
CFO Reuben Shamu

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