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Prices & Quotes - UK Markets - Grafton Group Ut (GFTU)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 858.00p
Change Today:
13.50p
Market Cap:
2,047.50m
Sector:
Support Services

Grafton sells specialist plumbing and heating business Plumbase

By Michele Maatouk

Date: Wednesday 02 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Builders' merchant Grafton Group has sold its specialist UK plumbing and heating business, Plumbase, to Plumbing and Heating Investments Limited, for an enterprise value of 66.75m.
Allowing for adjustments for debt-like items and working capital, net cash proceeds of 60.7m were received on completion.

Grafton said the disposal was in line with its strategy of focusing on higher-returning businesses with good long-term growth prospects.

Plumbase generated sales of 257.8m and operating profit of 6m for the year ended 31 December 2018.

Chief executive Gavin Slark said: "The sale of Plumbase to PHIL secures future opportunities for Plumbase, its employees and other stakeholders as part of an enlarged specialist plumbing and heating business.

"This transaction represents a very positive outcome for Grafton and enables us to continue to focus our capital and resources on attractive growth opportunities that generate appropriate returns for our shareholders."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

GFTU Market Data

Currency UK Pounds
Price 858.00p
Change Today 13.50p
52 Week High 990.00p
52 Week Low 371.00p
Volume 1,154,239
Shares Issued 238.64m
Market Cap 2,047.50m

Performance Indicators

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What The Brokers Say

Strong Buy 9
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 10
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GFTU Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 07-Mar-19
Paid 11-Oct-19 05-Apr-19
Amount 6.50p 12.00p

Trades for 27-Nov-2020

Time Volume / Share Price
16:35 399,465 @ 858.00p
16:29 3 @ 845.00p
16:29 2 @ 845.00p
16:29 1 @ 845.00p
16:29 2 @ 845.00p

GFTU Key Personnel