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 effectiveness of the group’s strategy is reflected in its performance over recent years. In the five years from 30 September 2006 net assets increased from 1.123p per share to 1,174p per share at 30 September 2011, despite the economic downturn causing a slump in property prices. A further increase of 2.6% to 1,205p was recorded in the current year. The group benefits from substantial cash deposits and ongoing profitability. Dividend increased from 10.05p per share to 12.3p per share over that same period and, for the current year, has been maintained at 12.3p per share.
Richard Wollenberg, Chairman, commented on the preliminary results for the 6 months ended 31 March 2013, announced 30 April 2013:
strategy of concentrating on increasing shareholder value without taking undue
debt driven risks in a difficult market is validated. This provides the group
with a strong asset base and financial platform to benefit from any future
A copy of the Interim Report for the 6 months ended 31 March 2013 is available in pdf format by clicking here.
A copy of the 2012 Annual Report 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.
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