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 Group disposes of Nottingham business park

By Iain Gilbert

Date: Friday 08 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Land and property developer Harworth Group has sold its 283-acre Bilsthorpe business park in Nottingham for £4.6m.
Harworth said on Friday that it had disposed of the asset in two separate transactions and would continue its strategy of recycling capital from the sale of "more mature assets" into the acquisition of higher-yielding properties with asset management and development potential.

The first sale was for a 10-acre site, including a Highways Depot let to Nottingham City Council on a long lease, to Waypoint for £2.05m, reflecting a net initial yield of around 3.0%, while the remaining mixed-use, the 273-acre site was sold to Insite Group for £2.55m, reflecting a net initial yield of approximately 5.5%.

Harworth also highlighted that throughout 2020, the group's investment portfolio continued to be "a strong contributor" to the profits and value gains, whilst also covering overheads, generating £17.2m of income per annum as of 30 June.

Chief executive Lynda Shillaw said: "With Bilsthorpe Business Park having little further development potential, now is the right time to dispose of our historic interest in this site, driving value from our portfolio, freeing capital up to invest in higher yielding opportunities in our core regions, and increasing the resilience of our investment portfolio."

As of 1250 GMT, Harworth shares were up 0.98% at 103.0p.

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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

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