Numis securities Downgrade26 Mar 2015 15:18
After reporting on final results the following information,we end up with a broker downgrade,hence when i first got involed in dealing/investing was told by experienced PRO :Don't pay too much attention to brokers ratings/analysis
2014 KEY FINANCIAL HIGHLIGHTS
· Profit before tax increased 54% to £28.3m (2013: £18.4m)
· Earnings per share increased 88% to 16.2p (2013: 8.6p)
· Proposed final dividend of 3.50p (2013: 3.15p), giving a total for the year of 5.60p (2013: 5.10p), a 9.8% increase
· 74% total shareholder return over the last three years
· Net asset value per share of 152p (2013: 148p)
· Gearing reduced to 18% (2013: 19%), though net debt increased slightly to £36.4m (2013: £36.1m)
· Strategic land acreage now 9,985 acres (2013: 9,723 acres)