The group seeks to enhance shareholder value by developing its property portfolio and through strategic acquisitions.
The Cardiff Property plc is quoted on the London Stock Exchange (ticker symbol CDFF).
The group, including Campmoss Property Company Limited, our 47.62% joint venture, specialises in property investment and development in the Thames Valley. The total portfolio under management, valued in excess of £32m, is primarily located to the west of London, close to Heathrow Airport and in Surrey and Berkshire.
The effectiveness of the group’s strategy is reflected in its performance over recent years. In the five years from 30 September 2007 net assets increased from £11.89 per share to £12.05 per share at 30 September 2012 despite the economic downturn causing a slump in property prices. An increase of 6% to £12.77 was recorded in the year to 30 September 2013 and a further increase of 3% to £13.13 in the current six months. The group benefits from substantial cash deposits and ongoing profitability. Dividend increased from 11.30p per share to 12.30p per share over that same period and, for the year to 30 September 2013 was increased by 2% to 12.55p per share. An increased interim dividend for 2014 of 3.4p per share has been declared and is payable on 4 July 2014.
Richard Wollenberg, Chairman, commented on the interim results for the six months ended 31 March 2014, announced 1 May 2014:
“Increasing confidence in the UK’s economic position and relative stability in European financial markets has encouraged a further recovery in the commercial and residential property market. ”
A copy of the Interim Report 2014 is available in pdf format by clicking here.
A copy of the Annual Report 2013 is available in pdf format by clicking here.
The group wishes to acquire further commercial and residential sites and properties and any such opportunities should be sent to the company for the attention of Richard Wollenberg.