Town Centre Securities (TOWN)

Sector:

Property Investment Trusts

Index:

FTSE Fledgling

135.50p
   
  • Change Today:
    -1.50p
  • 52 Week High: 149.00p
  • 52 Week Low: 117.00p
  • Currency: UK Pounds
  • Shares Issued: 48.28m
  • Volume: 1,089
  • Market Cap: £65.42m
  • Beta: 0.01

Dividend Data

  30-Jun-2430-Jun-2330-Jun-2230-Jun-2130-Jun-20
Total Dividend2.50p5.00p5.00p3.50p5.00p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Continuing Operations          
Revenue 28.98 27.63 25.38 18.70 27.99
Operating Profit/(Loss) (3.56) (23.14) 18.50 5.11 (15.56)
Net Interest (7.04) (6.35) (7.49) (8.15) (9.01)
Profit Before Tax (10.60) (29.49) 11.01 (0.58) (24.12)
Profit After Tax (8.01) (29.49) 11.01 (0.58) (24.12)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (8.01) (29.49) 11.01 (0.58) (24.12)
Attributable to:          
Equity Holders of Parent Company (8.01) (29.49) 11.01 (0.58) (24.12)
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (17.90p) (60.10p) 20.90p (1.10p) (45.40p)
Earnings per Share - Diluted (17.90p) (60.10p) 20.90p (1.10p) (45.40p)
Earnings per Share - Adjusted (17.90p) (60.10p) 6.20p 0.60p 3.10p
Continuing and Discontinued EPS          
Earnings per Share - Basic (17.90p) (60.10p) 20.90p (1.10p) (45.40p)
Earnings per Share - Diluted (17.90p) (60.10p) 20.90p (1.10p) (45.40p)
Earnings per Share - Adjusted (17.90p) (60.10p) 6.20p 0.60p 3.10p
           
Dividend per Share 8.50p 5.00p 5.00p 3.50p 5.00p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 68.17 71.56 82.30 84.09 77.63
Intangible Assets 2.89 3.67 4.91 4.84 4.02
Investment Properties 185.73 190.92 201.11 218.91 254.01
Investments 3.96 7.50 22.52 25.43 19.92
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 2.35 n/a n/a n/a n/a
  263.11 273.66 310.84 333.27 355.58
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 4.00 3.26 21.71 5.31 3.47
Cash at Bank & in Hand 22.15 23.32 22.15 21.67 12.64
Current Asset Investments 3.18 6.44 n/a n/a n/a
Other Current Assets n/a n/a 20.37 3.85 23.20
  29.33 33.02 64.23 30.83 39.31
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 292.43 306.68 375.07 364.10 394.89
           
Liabilities          
Current Liabilities          
Borrowings 20.76 21.70 58.07 63.37 61.98
Other Current Liabilities 15.19 17.05 9.83 11.50 23.24
  35.95 38.75 67.90 74.87 85.22
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings n/a n/a 127.87 133.83 154.59
Provisions n/a n/a n/a n/a n/a
Other Non-Current Liabilities 136.84 126.84 n/a n/a n/a
  136.84 126.84 127.87 133.83 154.59
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 172.79 165.59 195.76 208.70 239.81
           
Net Assets 119.64 141.09 179.30 155.40 155.08
           
Capital & Reserves          
Share Capital 10.54 12.11 13.13 13.28 13.29
Share Premium Account 0.20 0.20 0.20 0.20 0.20
Other Reserves 7.49 4.52 1.93 1.07 1.06
Retained Earnings 101.40 124.25 164.04 140.85 140.53
Shareholders Funds 119.64 141.09 179.30 155.40 155.08
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 119.64 141.09 179.30 155.40 155.08
Cash Flow 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Net Cash Flow From Operating Activities 6.60 8.03 4.85 (2.28) 6.78
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 2.24 51.06 10.72 44.08 (4.74)
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 (9.07) (56.21) (17.39) (43.61) 0.10
Net Increase/Decrease In Cash (0.23) 2.88 (1.82) (1.80) 2.15
Ratios - based on IFRS 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Continuing Operations          
PE Ratio - Adjusted n/a n/a 21.5 240.0 30.6
PEG - Adjusted n/a n/a 0.0 n/a n/a
Earnings per Share Growth - Adjusted n/a n/a 933% -81% -74%
Dividend Cover (2.11) (12.02) 1.24 0.17 0.62
Revenue per Share 60.03p 57.23p 52.57p 0.39p 57.97p
Pre-Tax Profit per Share (21.95p) (61.08p) 22.81p (0.012p) (49.96p)
Operating Margin (12.27%) (83.74%) 72.88% 27.31% (55.59%)
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a n/a 21.5 23,776.4 30.6
PEG - Adjusted n/a n/a 0.0 n/a n/a
Earnings per Share Growth - Adjusted n/a n/a 102,271% -100% -74%
Dividend Cover (2.11) (12.02) 1.24 n/a 0.62
           
Dividend Yield 6.4% 4.0% 3.7% 2.4% 5.3%
Dividend per Share Growth 70.00% n/a 42.86% (30.00%) (57.45%)
Operating Cash Flow per Share 13.67p 16.64p 10.04p (4.71p) 14.05p
Cash Incr/Decr per Share (0.47p) 5.97p (3.77p) (0.038p) 4.46p
Net Asset Value per Share (exc. Intangibles) 241.80p 284.61p 361.19p 311.82p 312.86p
Net Gearing -1.16% -1.15% 91.35% 112.96% 131.50%

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

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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