Last 653.00 GBp
Change Today +7.50 / 1.16%
Volume 347.6K
SHB On Other Exchanges
Symbol
Exchange
London
Frankfurt
As of 11:35 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

shaftesbury plc (SHB) Snapshot

Open
649.50 GBp
Previous Close
645.50 GBp
Day High
654.50 GBp
Day Low
644.50 GBp
52 Week High
05/13/14 - 687.00 GBp
52 Week Low
09/18/13 - 572.50 GBp
Market Cap
1.8B
Average Volume 10 Days
492.7K
EPS TTM
1.09 GBp
Shares Outstanding
277.8M
EX-Date
06/11/14
P/E TM
6.0x
Dividend
12.75 GBp
Dividend Yield
1.95%
Current Stock Chart for SHAFTESBURY PLC (SHB)

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shaftesbury plc (SHB) Details

Shaftesbury PLC, a real estate investment trust, engages in the investment, ownership, and lease of properties in London, the United Kingdom. The company owns and leases shops, restaurants and leisure space, offices, and residential properties. Its property portfolio comprises approximately 453,000 square feet of restaurants, bars, and leisure spaces; and 394,000 square feet of retail accommodation, 424,000 square feet of offices, and 345 apartments covering 233,000 square feet. The company was founded in 1986 and is based in London, the United Kingdom.

23 Employees
Last Reported Date: 11/27/13
Founded in 1986

shaftesbury plc (SHB) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 665.0K GBP
Finance Director and Executive Director
Total Annual Compensation: 409.0K GBP
Executive Director
Total Annual Compensation: 471.0K GBP
Executive Director
Total Annual Compensation: 471.0K GBP
Compensation as of Fiscal Year 2013.

shaftesbury plc (SHB) Key Developments

Shaftesbury plc Declares Interim Dividend, Payable on July 4, 2014

Shaftesbury plc declared an interim dividend of 6.5 pence per share, an increase of 4.0% on last year's interim dividend of 6.25 pence. The interim dividend, which will be paid on July 4, 2014, will be paid entirely as a Property Income Distribution. Ex-dividend is June 11, 2014 and record date is June 13, 2014.

Shaftesbury plc Reports Unaudited Group Earnings Results for the Six Months Ended March 31, 2014

Shaftesbury plc reported unaudited group earnings results for the six months ended March 31, 2014. The company reported net property income of £39 million, operating profit of £133.7 million, profit before tax of £120.5 million, profit of £118.3 million or 46.2 pence per diluted share against net property income of £35.9 million, operating profit of £92.6 million, profit before tax of £81.8 million, profit of £80.8 million or 32 pence per diluted share a year ago. The net property income has grown from £35.9 to £39 million, of which £0.6 million was acquisitions contributed. Net cash generated from operating activities was £21.5 million against £19.2 million a year ago. Capital expenditure on investment properties was £10.1 million against £9.1 million a year ago. The company spent £114 million on CapEx and acquisitions. And had revaluation growth of £110 million -- £101 million. Net debt decreased by £72.8 million to £532.1 million over the six months to 31 March 2014 against £604.9 million at September 30, 2013. EPRA earnings increased by 6.6% to £16.1 million against £15.1 million a year ago. EPRA earnings per share increased by 5.0% to 6.3 pence 6.0 pence a year ago. Net property revenue is now benefitting from the completion and letting of a number of schemes which were underway during the previous financial year.

Shaftesbury plc Repays £100 Million Revolving Credit Facility to Bank of Scotland plc

Shaftesbury PLC announced that it has arranged a new £134.75 million fifteen year term loan with Canada Life Investments. The loan is secured on certain properties held in a subsidiary company and has a fixed interest rate throughout the term. The loan is repayable in full at maturity in May 2029. On drawing the loan from CLI, the Company will cancel its £100 million revolving credit facility with Bank of Scotland Plc, which was due to expire in September 2016. Part of the proceeds of CLI loan will be applied to repaying drawings under the BoS facility and meeting the cost of terminating £110 million of interest rate swaps entered into with BoS. The cost of terminating those swap arrangements amounted to £29.0 million, equivalent to 10 pence per share. The balance of proceeds from the CLI loan will be used to repay existing indebtedness drawn under other revolving credit facilities. Such amounts will be available for re-drawing. Following the cancellation of the BoS facility, the company's revolving credit facility with Lloyds Bank plc, which matures in November 2018, will be increased by £25 million to £150 million. A £30 million short-term credit facility entered into with Lloyds in February 2014 has now been cancelled.

 

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Industry Analysis

SHB

Industry Average

Valuation SHB Industry Range
Price/Earnings 6.1x
Price/Sales 18.1x
Price/Book 1.2x
Price/Cash Flow 6.7x
TEV/Sales 19.7x
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