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Share Price:
550.00p
Change Today:
0.000p
Market Cap:
1,224.45m
Sector:
Real Estate Investment & Services

St Modwen swings to loss, cuts dividend

By Frank Prenesti

Date: Wednesday 22 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Property developer St Modwen swung to a first-half loss and cut its dividend after a writedown in asset valuations on sites in Wales.

Pre-tax losses for the six months to May 30 came in at 150.5m, compared with a profit of 35.6m a year ago. The company declared an interim dividend of 1.1p per share, down from 3.6p.

Net asset value per share fell 13% to 423.1p, while its adjusted EPRA earnings slumped to 4.7m, down from 16.2m.

"Although the wider economic outlook will remain uncertain for some time to come, structural growth trends in these key markets for us remain positive and, to an extent, have even accelerated further," the company said on Wednesday.

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SMP Market Data

Currency UK Pounds
Price 550.00p
Change Today 0.000p
52 Week High 552.50p
52 Week Low 300.00p
Volume 109,183
Shares Issued 222.63m
Market Cap 1,224.45m

Performance Indicators

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What The Brokers Say

Strong Buy 0
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 4
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SMP Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Mar-21 06-Aug-20
Paid 08-Apr-21 02-Sep-20
Amount 3.90p 1.10p

Trades for 22-Jun-2021

Time Volume / Share Price
13:34 369 @ 550.00p
13:34 109 @ 550.00p
13:34 697 @ 550.00p
13:34 263 @ 550.00p
13:28 552 @ 549.06p

SMP Key Personnel

CEO Sarwjit Sambhi