Harworth Group (HWG)

Sector:

Real Estate

Index:

FTSE Small Cap

173.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 175.50
  • 52 Week Low: 95.40
  • Currency: UK Pounds
  • Shares Issued: 324.88m
  • Volume: 217,820
  • Market Cap: £562.04m

Harworth's solid momentum continues into second half of trading year

By Iain Gilbert

Date: Tuesday 08 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Land and property developer Harworth turned in a strong operational performance for the second half of its trading year on Tuesday.
Harworth now expects its financial performance for the year ended 31 December 2018 to "be ahead of expectations".

The London-listed real estate outfit also said its group EPRA NNNAV, net asset value plus the mark-to-market value of development properties less notional deferred tax, was anticipated to be "moderately ahead" of its 10% long-run average target at 12%.

Harworth's value gains and profits were also expected to be ahead of market expectations, with a one-off net "promote profit" of £6.7m from the 20-year letting of M&G Real Estate's last remaining forward-funded unit and an increased recurring income from the acquisitions of commercial space at Nufarm, Bradford and Flaxby, North Yorkshire.

Chief executive Owen Michaelson said: "The momentum generated from the group's strong first half results continued into the second half, meaning that we anticipate full year results to exceed our expectations.

"We remain confident in the long-term fundamentals of the residential and commercial markets in our focus regions in the North of England and the Midlands, notwithstanding any short-term political or economic uncertainty resulting from Brexit negotiations."

As of 1120 GMT, Harworth shares had picked up 2.69% to 120.15p.

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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 173.00p
Change Today -2.00p
% Change -1.14 %
52 Week High 175.50
52 Week Low 95.40
Volume 217,820
Shares Issued 324.88m
Market Cap £562.04m

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
84.04% above the market average84.04% above the market average84.04% above the market average84.04% above the market average84.04% 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
90.62% below the market average90.62% below the market average90.62% below the market average90.62% below the market average90.62% 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 18-Jul-2024

Time Volume / Share Price
16:38 2,170 @ 173.00p
16:35 1,886 @ 173.00p
16:35 21 @ 173.00p
16:35 239 @ 173.00p
16:35 53 @ 173.00p

Harworth Group Key Personnel

CEO Lynda Shillaw

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