Helical (HLCL)

Sector:

Real Estate

Index:

FTSE Small Cap

 209.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 304.50
  • 52 Week Low: 185.00
  • Currency: UK Pounds
  • Shares Issued: 123.36m
  • Volume: 0
  • Market Cap: £258.43m
  • RiskGrade: 178

Helical sells Magnus logistics portfolio for £150m

By Josh White

Date: Tuesday 06 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Helical has exchanged contracts to sell the Magnus Portfolio of 20 logistics assets to real estate funds managed by Blackstone and M7 Real Estate for £150m, it announced on Tuesday.
The London-listed firm said the 2.27 million square foot nationwide portfolio, comprising 17 single-let and three multi-let assets, was accumulated through portfolio and individual acquisitions in 2014 and 2015.

It said the price achieved was a 14% premium to September 2017 book value, with the net proceeds to be used to reduce debt and annual finance costs.

"This is a significant sale for Helical, bringing to an end our investment in the logistics sector," said Helical senior investment executive Tom Anderson.

"The price achieved reflects the structural shift towards e-commerce, strength of occupier demand, shortage of supply and rental growth prospects."

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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.

 

Helical Market Data

Currency UK Pounds
Share Price 209.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 304.50
52 Week Low 185.00
Volume 0
Shares Issued 123.36m
Market Cap £258.43m
RiskGrade 178

Helical Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.19% below the market average14.19% below the market average14.19% below the market average14.19% below the market average14.19% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Price Trend
40.87% below the market average40.87% below the market average40.87% below the market average40.87% below the market average40.87% below the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Income
33.92% above the market average33.92% above the market average33.92% above the market average33.92% above the market average33.92% above the market average
4% below the sector average4% below the sector average4% below the sector average4% below the sector average4% below the sector average
Growth
42.84% above the market average42.84% above the market average42.84% above the market average42.84% above the market average42.84% above the market average
64.29% above the sector average64.29% above the sector average64.29% above the sector average64.29% above the sector average64.29% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
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.

Helical Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Nov-23 22-Jun-23
Paid 12-Jan-24 28-Jul-23
Amount 3.05p 8.70p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Helical Key Personnel

CEO Gerald A Kaye
Finance Director Tim Murphy

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