Secure Property Development & Investment (DI) (SPDI)

Sector:

Real Estate

4.17p
   
  • Change Today:
      0.17p
  • 52 Week High: 6.00
  • 52 Week Low: 3.50
  • Currency: UK Pounds
  • Shares Issued: 129.19m
  • Volume: 170
  • Market Cap: £5.38m

Secure Property nets EUR 2m as Victini sale goes through

By Josh White

Date: Thursday 22 Aug 2019

LONDON (ShareCast) - (Sharecast News) - South eastern Europe-focussed property company Secure Property Development & Investment announced the completion of the sale of its Victini Logistics property in Greece to Brook Lane Capital on Thursday.
The AIM-traded firm had agreed to sell Victini at a deemed valuation of €12.5m (£11.4m) in July, including €10.3m of debt, providing it with a net consideration payment of around €2m.

In addition, Secure said it was due to receive €0.6m from the property's previous owner within the next 18 months.

The total of around €2.6m cash payable to the company represented approximately 30% of its current market valuation.

"The closing of the sale of Victini and receipt of the initial disposal proceeds of €2m cash is in line with our strategy to generate value from property investments in a high yield region, as is south east Europe," said chief executive officer Lambros Anagnostopoulos.

"We are looking forward to such value generation hopefully being reflected in SPDI's share price performance."

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SPDI Market Data

Currency UK Pounds
Share Price 4.17p
Change Today 0.17p
% Change 4.17 %
52 Week High 6.00
52 Week Low 3.50
Volume 170
Shares Issued 129.19m
Market Cap £5.38m

SPDI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.28% above the market average72.28% above the market average72.28% above the market average72.28% above the market average72.28% above the market average
55.00% above the sector average55.00% above the sector average55.00% above the sector average55.00% above the sector average55.00% above the sector average
Price Trend
62.97% below the market average62.97% below the market average62.97% below the market average62.97% below the market average62.97% below the market average
67.44% below the sector average67.44% below the sector average67.44% below the sector average67.44% below the sector average67.44% below the sector average
Income Not Available
Growth
12.77% above the market average12.77% above the market average12.77% above the market average12.77% above the market average12.77% above the market average
28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average

SPDI Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 170 @ 3.50p

SPDI Key Personnel

CEO Lambros Georgiou Anagnostopoulos

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