Value and Indexed Property Income Trust (VIP)

Sector:

Investment Firms

Index:

FTSE Small Cap

170.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 214.00
  • 52 Week Low: 163.00
  • Currency: UK Pounds
  • Shares Issued: 42.49m
  • Volume: 18,604
  • Market Cap: £72.24m
  • RiskGrade: 178

Dividend Data

  31-Mar-2331-Mar-2231-Mar-2131-Mar-2031-Mar-19
Q1 Dividend3.00p3.00p2.90p2.90p2.80p
Q2 Dividend3.10p3.00p2.90p2.90p2.80p
Q3 Dividend3.20p3.00p2.90p2.90p2.80p
Q4 Dividendn/an/a3.60pn/a3.40p
Total Dividend12.90p12.60p12.30p12.10p11.80p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
Revenue 8.84 7.33 8.93 10.74 10.72
Operating Profit/(Loss) 6.95 5.37 7.86 9.52 9.59
Net Interest (1.78) (3.18) (5.08) (4.61) (4.33)
Profit Before Tax 5.18 2.19 2.78 4.91 5.26
Profit After Tax 4.20 1.87 2.42 4.65 5.02
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 4.20 1.87 2.42 4.65 5.02
Attributable to:          
Equity Holders of Parent Company 4.20 1.87 2.42 4.65 5.02
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 9.70p 4.30p 5.35p 10.21p 11.02p
Earnings per Share - Diluted 9.70p 4.30p 5.35p 10.21p 11.02p
Earnings per Share - Adjusted 9.70p 4.30p 5.35p 10.21p 11.02p
Continuing and Discontinued EPS          
Earnings per Share - Basic 9.70p 4.30p 5.35p 10.21p 11.02p
Earnings per Share - Diluted 9.70p 4.30p 5.35p 10.21p 11.02p
Earnings per Share - Adjusted 9.70p 4.30p 5.35p 10.21p 11.02p
           
Dividend per Share 12.90p 12.60p 12.30p 12.10p 11.80p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Assets          
Non-Current Assets          
Property, Plant & Equipment n/a n/a n/a n/a n/a
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 150.64 155.84 81.13 74.46 73.07
Investments n/a 26.87 28.58 90.76 128.71
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 6.90 6.33 3.28 0.49 0.39
  157.54 189.04 112.99 165.70 202.17
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 0.60 4.71 0.97 0.67 0.91
Cash at Bank & in Hand 2.27 5.15 65.96 26.43 4.34
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a n/a n/a n/a n/a
  2.87 9.86 66.94 27.10 5.24
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 160.41 198.90 179.93 192.80 207.41
           
Liabilities          
Current Liabilities          
Borrowings n/a n/a n/a 15.00 n/a
Other Current Liabilities 2.38 2.42 2.32 1.62 1.81
  2.38 2.42 2.32 16.62 1.81
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 49.00 56.72 56.66 56.62 49.91
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 2.85 2.85 2.86 4.24 4.26
  51.85 59.58 59.52 60.87 54.17
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 54.22 62.00 61.84 77.49 55.98
           
Net Assets 106.19 136.90 118.08 115.31 151.43
           
Capital & Reserves          
Share Capital 4.55 4.55 4.55 4.55 4.55
Share Premium Account 18.45 18.45 18.45 18.45 18.45
Other Reserves n/a n/a n/a n/a n/a
Retained Earnings 83.19 113.90 95.08 92.31 128.43
Shareholders Funds 106.19 136.90 118.08 115.31 151.43
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 106.19 136.90 118.08 115.31 151.43
Cash Flow 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Net Cash Flow From Operating Activities 7.49 5.89 7.28 8.54 8.53
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities 12.90 (58.06) 62.26 1.70 1.81
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (23.27) (8.65) (29.99) 11.85 (9.64)
Net Increase/Decrease In Cash (2.88) (60.81) 39.54 22.09 0.70
Ratios - based on IFRS 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-19
Continuing Operations          
PE Ratio - Adjusted 21.1 55.6 40.7 16.2 22.8
PEG - Adjusted 0.2 n/a n/a n/a 2.1
Earnings per Share Growth - Adjusted 126% -20% -48% -7% 11%
Dividend Cover 0.75 0.34 0.43 0.84 0.93
Revenue per Share 20.80p 17.25p 0.21p 25.28p 25.22p
Pre-Tax Profit per Share 12.18p 5.16p 0.066p 11.56p 12.38p
Operating Margin 78.68% 73.28% 88.00% 88.62% 89.46%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 21.1 55.6 4,036.8 16.2 22.8
PEG - Adjusted 0.2 0.0 n/a n/a 2.1
Earnings per Share Growth - Adjusted 126% 7,862% -100% -7% 11%
Dividend Cover 0.75 0.34 n/a 0.84 0.93
           
Dividend Yield 6.3% 5.3% 5.6% 7.3% 4.7%
Dividend per Share Growth 2.38% 2.44% 1.65% 2.54% 3.51%
Operating Cash Flow per Share 17.64p 13.86p 17.12p 20.09p 20.06p
Cash Incr/Decr per Share (6.78p) (143.11p) 0.94p 51.98p 1.65p
Net Asset Value per Share (exc. Intangibles) 249.90p 322.17p 277.89p 271.36p 356.37p
Net Gearing 44.00% 37.67% -7.88% 39.20% 30.10%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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