Harworth Group (HWG)

Sector:

Real Estate

Index:

FTSE Small Cap

174.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 177.50
  • 52 Week Low: 95.40
  • Currency: UK Pounds
  • Shares Issued: 324.88m
  • Volume: 174,547
  • Market Cap: £565.29m

Harworth makes progress at AMP and Waverley

By Josh White

Date: Wednesday 26 Jul 2017

LONDON (ShareCast) - (ShareCast News) - Brownfield regeneration and property investment specialist Harworth Group signed a conditional 20-year lease with McLaren Automotive on a new 75,000 square foot bespoke unit at the Advanced Manufacturing Park, it announced on Wednesday.
The London-listed firm said it would be responsible for the design and build of the unit.

In a separate transaction, Harworth said it has also signed a 15-year lease with an unnamed "advanced manufacturer" for a new 11,044 square foot unit at the Advanced Manufacturing Park.

The company also announced that it sold 8.17 acres to Taylor Wimpey to build a further 130 homes on its Waverley development, which the board said supported its strategy of balancing sales with infrastructure funding.

"This announcement continues to demonstrate the fundamental strength of our regional residential and commercial markets," said chief executive Owen Michaelson.

"We are delighted to welcome McLaren to the AMP and to be able to support them in their ongoing growth.

"The two announced lease agreements serve as further examples of how we are improving the quality of our income base as we continue to deliver NAV growth across the portfolio."

Michaelson said the company was "maintaining development momentum" at the AMP and demand for new units remained high, with the McLaren deal reportedly demonstrating how the Harworth offering had evolved to incorporate the design and build of specialist purpose built units on behalf of blue-chip occupiers.

"The sale of residential plots to Taylor Wimpey marks our ninth sale of engineered housing land on Waverley.

"This will add to the 650 homes that have already built and occupied on the site since 2012, reflecting good demand for our engineered brownfield land from housebuilders."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Harworth Group Market Data

Currency UK Pounds
Share Price 174.00p
Change Today 1.00p
% Change 0.58 %
52 Week High 177.50
52 Week Low 95.40
Volume 174,547
Shares Issued 324.88m
Market Cap £565.29m

Harworth Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.43% below the market average88.43% below the market average88.43% below the market average88.43% below the market average88.43% below the market average
90% below the sector average90% below the sector average90% below the sector average90% below the sector average90% below the sector average
Price Trend
81.82% above the market average81.82% above the market average81.82% above the market average81.82% above the market average81.82% above the market average
95.24% above the sector average95.24% above the sector average95.24% above the sector average95.24% above the sector average95.24% above the sector average
Income
90.86% below the market average90.86% below the market average90.86% below the market average90.86% below the market average90.86% below the market average
92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average
Growth
5.73% below the market average5.73% below the market average5.73% below the market average5.73% below the market average5.73% below the market average
2.70% above the sector average2.70% above the sector average2.70% above the sector average2.70% above the sector average2.70% 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.

Harworth Group Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 21-Sep-23
Paid 24-May-24 20-Oct-23
Amount 1.02p 0.44p

Trades for 19-Jul-2024

Time Volume / Share Price
16:35 3,387 @ 174.00p
16:35 5,127 @ 174.00p
16:35 782 @ 174.00p
16:35 1,281 @ 174.00p
16:35 176 @ 174.00p

Harworth Group Key Personnel

CEO Lynda Shillaw

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