Harworth Group (HWG)

Sector:

Real Estate

Index:

FTSE 250

171.50p
   
  • Change Today:
    -4.00p
  • 52 Week High: 194.50
  • 52 Week Low: 141.00
  • Currency: UK Pounds
  • Shares Issued: 325.74m
  • Volume: 78,635
  • Market Cap: £558.65m
  • Beta: 0.05

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.

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Harworth Group Market Data

Currency UK Pounds
Share Price 171.50p
Change Today -4.00p
% Change -2.28 %
52 Week High 194.50
52 Week Low 141.00
Volume 78,635
Shares Issued 325.74m
Market Cap £558.65m
Beta 0.05

Harworth Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.06% above the market average69.06% above the market average69.06% above the market average69.06% above the market average69.06% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average
Price Trend
71.72% above the market average71.72% above the market average71.72% above the market average71.72% above the market average71.72% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
89.3% below the market average89.3% below the market average89.3% below the market average89.3% below the market average89.3% below the market average
84% below the sector average84% below the sector average84% below the sector average84% below the sector average84% below the sector average
Growth
85.09% above the market average85.09% above the market average85.09% above the market average85.09% above the market average85.09% above the market average
75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% 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 24-Apr-25 19-Sep-24
Paid 23-May-25 24-Oct-24
Amount 1.12p 0.49p

Trades for 17-Jun-2025

Time Volume / Share Price
13:27 262 @ 171.50p
13:27 329 @ 171.50p
13:27 284 @ 171.50p
13:15 100 @ 172.00p
12:52 49 @ 172.00p

Harworth Group Key Personnel

CEO Lynda Shillaw

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