Fletcher King (FLK)

Sector:

Real Estate

 35.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 40.50
  • 52 Week Low: 32.50
  • Currency: UK Pounds
  • Shares Issued: 10.25m
  • Volume: 0
  • Market Cap: £3.59m
  • RiskGrade: 179

Fletcher King reports £450,000 first-half loss

By Sean Farrell

Date: Monday 02 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Fletcher King said it suffered a £450,000 first-half trading loss and that fees would be affected by the government's second Covid-19 lockdown.
The property management and investment company has been hit hard by the Covid-19 crisis as investment deals, bank valuations and rating appeals have been put on hold. It warned in August and September that it expected a loss for the six months to the end of October.

"The company confirms that a trading loss has been made, and, subject to adjustments, this is currently expected to be approximately £450,000 (before tax and any fair value adjustment to investments)," Fletcher King said in a trading update.

The AIM-listed company said fees in the first half were materially lower than they would have been without coronavirus and that there was still a lot of uncertainty about the timing and likelihood of completions.

"Given the new lockdown measures which have just been announced by the UK government, and the potential for further lockdowns during the remainder of the financial year, it remains likely that transaction-based fees will continue to be affected by the Covid pandemic," Fletcher King said.

The company said it had a strong balance sheet and no debt. Fletcher King shares fell 6% to 35.25p.



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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.

 

Fletcher King Market Data

Currency UK Pounds
Share Price 35.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 40.50
52 Week Low 32.50
Volume 0
Shares Issued 10.25m
Market Cap £3.59m
RiskGrade 179

Fletcher King Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.76% below the market average42.76% below the market average42.76% below the market average42.76% below the market average42.76% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Price Trend
34.21% below the market average34.21% below the market average34.21% below the market average34.21% below the market average34.21% below the market average
44.19% below the sector average44.19% below the sector average44.19% below the sector average44.19% below the sector average44.19% below the sector average
Income Not Available
Growth
16.25% below the market average16.25% below the market average16.25% below the market average16.25% below the market average16.25% below the market average
17.95% above the sector average17.95% above the sector average17.95% above the sector average17.95% above the sector average17.95% above the sector average

Fletcher King Dividends

  Latest Previous
  Final Final
Ex-Div 28-Sep-23 29-Sep-22
Paid 27-Oct-23 28-Oct-22
Amount 0.75p 0.50p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

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