Henry Boot (BOOT)

Sector:

Real Estate

Index:

FTSE Small Cap

224.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 238.00p
  • 52 Week Low: 175.00p
  • Currency: UK Pounds
  • Shares Issued: 134.00m
  • Volume: 250,293
  • Market Cap: £300.17m
  • RiskGrade: 118
  • Beta: 0.42

Henry Boot reports record FY underlying earnings

By Iain Gilbert

Date: Tuesday 24 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Construction group Henry Boot reported record underlying profits on Tuesday despite trading amid a "challenging backdrop" and experiencing a drop in its investment portfolio.
Henry Boot said strong sales within its property development and strategic land units had resulted in its best-ever financial results on an underlying profit basis. However, the group noted that due to a fall in UK property values impacting its investment portfolio, pre-tax profits would be marginally below the £48.0m figure expected by analysts.

Henry Boot said its Hallam Land Management subsidiary exceeded its strategic target of selling 3,500 plots in 2023, boosted by the disposal of 2,170 plots to Taylor Wimpey and Persimmon Homes at Didcot.

Henry Boot Developments completed schemes with a gross development value of £117.0m, with £83.0m set to be received by the group, of which 92% have already been pre-let or pre-sold.

Chief executive Tim Roberts said: "Having seen strong sales across the group, we have had our best year ever at an underlying profit level. Reflecting a particularly challenging backdrop as the year progressed, during which a noteworthy £30.0m of accretive sales was achieved in a weak market, the year-end valuation movements in our investment portfolio have had an impact on our 2022 profit before tax.

"Whilst it's too early to predict the outturn for 2023 at this stage, the group expects this year to be more challenging than 2022. We remain convinced, however, that in the medium term our three key markets, and the resilience of our business model, will allow us to continue to meet our strategic growth and return ambitions."

As of 1020 GMT, Henry Boot shares were down 3.89% at 236.43p.





Reporting by Iain Gilbert at Sharecast.com

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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.

 

Henry Boot Market Data

Currency UK Pounds
Share Price 224.00p
Change Today -4.00p
% Change -1.75 %
52 Week High 238.00p
52 Week Low 175.00p
Volume 250,293
Shares Issued 134.00m
Market Cap £300.17m
Beta 0.42
RiskGrade 118

Henry Boot Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.64% above the market average79.64% above the market average79.64% above the market average79.64% above the market average79.64% above the market average
74.36% above the sector average74.36% above the sector average74.36% above the sector average74.36% above the sector average74.36% above the sector average
Price Trend
52.53% above the market average52.53% above the market average52.53% above the market average52.53% above the market average52.53% above the market average
41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average
Income
34.51% above the market average34.51% above the market average34.51% above the market average34.51% above the market average34.51% 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
7.14% below the market average7.14% below the market average7.14% below the market average7.14% below the market average7.14% below the market average
8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
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.

Henry Boot Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-24 02-May-24
Paid 11-Oct-24 31-May-24
Amount 3.08p 4.40p

Trades for 21-Nov-2024

Time Volume / Share Price
15:48 20,000 @ 220.84p
16:29 320 @ 224.00p
16:23 223 @ 224.00p
16:21 1 @ 224.00p
16:18 35 @ 224.00p

Henry Boot Key Personnel

CEO Timothy Andrew Roberts

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