BLV.L Share News (BLV)

BLV.L Information

There is currently no data for BLV

Belvoir Lettings to acquire Goodchilds

Mon, 05th Oct 2015 09:53

(ShareCast News) - Belvoir Lettings will acquire West Midlands-based sales and letting business Goodchilds Estate Agents for £3.26m.The UK-based lettings franchise announced the deal on Monday, which is being partly funded by a conditional placing.The company plans to raise a total of £3.6m for the acquisition and to bolster its working capital.An initial consideration of £1.63m will be paid in cash for Goodchilds, with a £0.81m deferred consideration to be funded from the issue of shares.An additional £0.81m in cash will be paid in two instalments over the next 12 months after the acquisition is completed.Belvoir chief executive Mike Goddard said it's an exciting milestone in the company's growth."Following the acquisition of the Newton Fallowell business in July, this acquisition marks further success in pursuing our multi brand strategy in order to increase market share and geographic coverage."Goodchilds is a clear strategic fit and we are looking forward to welcoming their franchise owners to the Group."

More News

29 Nov 2013 14:16

Belvoir Lettings announces UK portfolio acquisition

Shares in Belvoir Lettings climbed after the company announced the acquisition of a "significant" lettings portfolio in the Cheshire and Merseyside regions of the UK. The deal is a joint acquisition by the group's franchises Belvoir Warrington and St Helens and is expected to be earnings enhancing

29 Nov 2013 09:22

Belvoir Lettings Acquires Lettings Portfolio In Cheshire And Merseyside

22 Nov 2013 08:48

Belvoir Lettings Raises GBP5.35 Million In Placing For Expansion

6 Sep 2013 15:59

DIRECTORS DEALINGS - Belvoir Lettings Executives Sell Shares

5 Sep 2013 10:47

Belvoir launches new pilot scheme

Belvoir Letting has launched a new estate agency sales pilot trialling residential property sales for one year. The trial initially includes ten offices from a cross-section of Belvoir outlets across England, Scotland, Wales and Northern Ireland and will run an estate agency offering alongside the

5 Sep 2013 10:25

Belvoir Lettings Profits Up; Launches New Property Sales Pilot

20 May 2013 12:04

Belvoir Lettings acquires four lettings agencies

Belvoir Lettings has acquired four lettings agencies based in England's Basingstoke and Andover. The UK letting company purchased Claygold, which trades as Redwoods from one branch in Andover and three in Basingstoke. Redwoods letting business will be sold on to the two existing Belvoir franchise

19 Apr 2013 08:47

Friday broker round-up UPDATE

African Barrick Gold: JP Morgan cuts target price from 290p to 200p, while leaving its underweight rating rating unchanged. Fox Davies reduces target price from 353p to 315p and maintains a hold rating. Westhouse Securities lowers target price from 195p to 180p retaining a neutral rating. Belvoir L

5 Apr 2013 16:55

Belvoir Lettings Chairman sells shares to satisfy institutional demand

Belvoir Lettings, the UK lettings specialist which listed on the AIM market in February last year, announced on Friday that its Executive Chairman and founder had sold a quarter of a million shares in the group in order to help satisfy 'significant institutional demand'. The news comes just a week

6 Mar 2013 07:03

Wednesday broker round-up UPDATE

Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter

Latest Share Chat

BLV.L Share News (BLV)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Belvoir Lettings to acquire Goodchilds

Login to your account

Quickpicks are a member only feature

Login to your account