Aukett Swanke Group (AUK)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 1.48p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.15
  • 52 Week Low: 0.85
  • Currency: UK Pounds
  • Shares Issued: 336.07m
  • Volume: 0
  • Market Cap: £4.96m
  • RiskGrade: 194

Aukett Swanke sells John R Harris to local management

By Josh White

Date: Friday 29 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Aukett Swanke announced the disposal of its interest in the Cyprus-incorporated John R Harris & Partners on Friday, which operates out of the Middle East, to its local management team for a maximum consideration of AED 5m (£1.07m).
The AIM-traded firm said consideration would be settled by AED 4.25 million in cash and a deferred payment of AED 0.75m, payable over a fixed five-year period, subject to an early repayment discount.

It said it had also entered into a marketing agreement covering the use of the group's project portfolio and associated materials over the deferred consideration period for an additional sum, to maintain the group's interest in the market.

John R Harris made a loss of £0.16m in the year ended 30 September 2021, and the value of its net assets was £0.31m at the end of September.

"The disposal is part of a series of intended actions to restructure the group's operations in an orderly manner and to allow the John R Harris business to fulfil its potential without the burden of a central overhead," the board said in its statement.

"The proceeds of the disposal will be used to reduce the amount drawn under the group's borrowing facility and for general working capital purposes."

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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.

 

AUK Market Data

Currency UK Pounds
Share Price 1.48p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.15
52 Week Low 0.85
Volume 0
Shares Issued 336.07m
Market Cap £4.96m
RiskGrade 194

AUK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.86% below the market average70.86% below the market average70.86% below the market average70.86% below the market average70.86% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Price Trend
20.21% above the market average20.21% above the market average20.21% above the market average20.21% above the market average20.21% above the market average
12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average12.20% above the sector average
Income Not Available
Growth
27.39% above the market average27.39% above the market average27.39% above the market average27.39% above the market average27.39% above the market average
51.22% above the sector average51.22% above the sector average51.22% above the sector average51.22% above the sector average51.22% above the sector average

AUK Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Sep-16 07-Apr-16
Paid 10-Oct-16 22-Apr-16
Amount 0.070p 0.11p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

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