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Pin to quick picksPhoenix Spree D Share News (PSDL)

Share Price Information for Phoenix Spree D (PSDL)

London Stock Exchange
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Share Price: 157.00
Bid: 157.00
Ask: 159.00
Change: -0.25 (-0.16%)
Spread: 2.00 (1.274%)
Open: 157.00
High: 157.00
Low: 157.00
Prev. Close: 157.25
PSDL Live PriceLast checked at -
Phoenix Spree Deutschland is an Investment Trust

To provide Shareholders with both stable income returns, as well as capital growth through investment in German real estate, with a focus on residential properties in Berlin and secondary German cities.

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SMALL-CAP WINNERS & LOSERS: Phoenix Spree reports fall in assets

Wed, 29th Mar 2023 10:05

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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SMALL-CAP - WINNERS

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Medica Group PLC, up 3.5% at 154.25 pence, 12-month range 118.25p-173.5p. The telemedicine services provider reports double-digit annual growth in 2022. Revenue rises 24% year-on-year to GBP77.0 million from GBP61.9 million, as pretax profit jumps 18% to GBP8.6 million from GBP7.3 million. Proposes lifting final dividend by 5.0% to 1.88p. Says outlook remains strong, with ongoing demand underpinning further double-digit growth in the medium term. To meet demand will focus on "increasing reporting capacity and enabling greater productivity for radiologists, radiographers and other specialist doctors who choose to work with Medica".

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SMALL-CAP - LOSERS

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Phoenix Spree Deutschland Ltd, down 7.8% at 200p, 12-month range 194.5p-396p. The Berlin-focused residential real estate investor reports a swing to pretax loss of EUR17.5 million in 2022 from a profit of GBP45.3 million in 2021. Net asset value per share falls 5.1% to EUR4.50 at December 31, from EUR4.74 a year before. Gross rental income edges up 0.6% to EUR25.9 million from EUR25.8 million. "During 2022, the real estate industry has had to adjust to the combined effects of global inflationary pressures and higher interest rates, both of which have weighed on industry transaction volumes and asset values," explains Chair Robert Hingley.

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Up Global Sourcing Holdings PLC, down 3.6% at 135.00p, 12-month range 90p-174p. The homeware brand owner reports interim results for six months to January 31, showing a decline in profit. Pretax profit falls 5.2% to GBP9.3 million from GBP9.8 million a year before, even as revenue rises 2.2% to GBP87.6 million from GBP85.7 million. Notes revenue growth was "achieved with no overall price inflation to keep [its] products at prices which are affordable to all consumers". Expects annual performance to come in line with GBP165.3 million market consensus for revenue, up from GBP154.2 million. Expects adjusted earnings before interest, tax, depreciation and amortisation to be in line with consensus of GBP20.1 million, up from GBP18.8 million.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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6 Apr 2020 13:22

Phoenix Spree Deutschland Portfolio Prepared For New Berlin Rent Rules

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25 Feb 2020 12:16

Phoenix Spree Deutschland Notes Passing Of Berlin Rent Cap As Law

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30 Jan 2020 15:22

Phoenix Spree Expects Rise In Net Asset Value As Portfolio Value Grows

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Phoenix Spree Deutschland Acquires Apartment Complex Near Berlin

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Phoenix Spree To Buy Back 10% Of Shares As Condo Sales Thrive

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Phoenix Spree Deutschland Backs 2020 Company Continuation Vote

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26 Sep 2019 11:15

Phoenix Spree Deutschland Keeps Interim Dividend Amid Profit Drop

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12 Sep 2019 12:40

Phoenix Spree Deutschland Signs EUR240 Million Loan Facility

(Alliance News) - Berlin real estate-focused investment firm Phoenix Spree Deutschland Ltd said Thursday it has completed a new EUR240 million term loan facility, agreed with Natixis AG.The

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21 Jun 2019 18:07

Phoenix Spree Deutschland Show Disapproval Of Board's Performance

(Alliance News) - Phoenix Spree Deutschland Ltd shareholders showed their discontent with the company's board Friday with more than a fifth voting against several members of the board's of

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4 Jun 2019 14:50

Phoenix Spree Unaware Of Any Interest Held By Woodford Funds (ALLISS)

LONDON (Alliance News) - German residential property firm Phoenix Spree Deutschland Ltd on Tuesday said it is unaware of any shares held by funds managed by Woodford Investment Management Neil on

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3 Jun 2019 17:35

Foresight Solar Fund Names Kairos Wealth Co-Founder As Non-Executive

LONDON (Alliance News) - Foresight Solar Fund Ltd on Monday said it appointed Monique O'Keefe as an independent non-executive director, starting from Saturday last week.The investment

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27 Sep 2018 11:23

Phoenix Spree Deutschland Profit Drops On Fall In Fair Value Gains

LONDON (Alliance News) - Germany-focused real estate investment company Phoenix Spree Deutschland Ltd said on Thursday its profit dropped sharply after a fall in the fair value gain on investment

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6 Jul 2018 16:24

Woodford Investment Management Halves Phoenix Spree Stake (ALLISS)

LONDON (Alliance News) - Phoenix Spree Deutschland Ltd said Friday that Woodford Investment Management Ltd halved its stake in the company to 7.07%.Woodfrod previous holding in the company

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27 Apr 2018 10:57

Phoenix Spree Deutschland 2017 Profit Rises On Valuation Gain

LONDON (Alliance News) - Residential and commercial property Phoenix Spree Deutschland Ltd said on Friday its profit for 2017 more than doubled due to a significant gain in investment property a a

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14 Mar 2018 13:12

BP Marsh Has Strong February After Positive Results - QuotedData

LONDON (Alliance News) - Net asset value moves during February were a result of dollar strength rather than a change in the local currency value of assets, according to a by a

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