Harworth Group (HWG)

Sector:

Real Estate

Index:

FTSE Small Cap

164.50p
   
  • Change Today:
      3.50p
  • 52 Week High: 166.50
  • 52 Week Low: 95.40
  • Currency: UK Pounds
  • Shares Issued: 324.88m
  • Volume: 26,835
  • Market Cap: £534.42m

Harworth locks in five new long-term lettings across Northern assets

By Iain Gilbert

Date: Thursday 22 Feb 2018

LONDON (ShareCast) - (ShareCast News) - Coalfield and other brownfield regeneration specialist the Harworth Group has secured five new lettings for commercial space across three sites, generating itself an additional recurring income of more than £1m a year as a result.
The South Yorkshire-based firm told investors on Thursday that the five new long-term lettings on its directly developed commercial space in the North of England set new headline rents at each site, growing its recurring, high-quality income base by over £1m per annum.

As a result of this activity, Harworth's wholly owned direct developments in its Business Space portfolio were now fully let.

Owen Michaelson, chief executive officer of Harworth, said, "Growing the group's rental income through the letting of newly built commercial space demonstrates the management-led actions we are taking to deliver our strategic priority of improving the quality and size of our recurring income base."

"These lettings also provide further evidence of the underlying strength of the industrial property market across the North of England, as we continue to see demand for high-quality space. We are therefore well positioned to capitalise on the structural drivers of occupier demand and limited supply which is underpinning rental growth in the region. We will look to build out further direct development on our sites in 2018 and beyond," he added.

As of 1000 GMT, shares had inched forward 0.24% to 106.25p.

Email this article to a friend

or share it with one of these popular networks:


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 164.50p
Change Today 3.50p
% Change 2.17 %
52 Week High 166.50
52 Week Low 95.40
Volume 26,835
Shares Issued 324.88m
Market Cap £534.42m

Harworth Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.7% below the market average85.7% below the market average85.7% below the market average85.7% below the market average85.7% below the market average
85% below the sector average85% below the sector average85% below the sector average85% below the sector average85% below the sector average
Price Trend
79.39% above the market average79.39% above the market average79.39% above the market average79.39% above the market average79.39% above the market average
90.48% above the sector average90.48% above the sector average90.48% above the sector average90.48% above the sector average90.48% above the sector average
Income
89.58% below the market average89.58% below the market average89.58% below the market average89.58% below the market average89.58% 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
6.02% below the market average6.02% below the market average6.02% below the market average6.02% below the market average6.02% 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 12-Jul-2024

Time Volume / Share Price
16:35 1,664 @ 164.50p
16:35 1 @ 164.50p
16:35 720 @ 164.50p
16:35 91 @ 164.50p
16:35 99 @ 164.50p

Harworth Group Key Personnel

CEO Lynda Shillaw

Top of Page