27 November 2008
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FOR IMMEDIATE RELEASE

The Cardiff Property plc

27 November 2008

 

Preliminary results for the year ended 30 September 2008

 

(The group, including Campmoss, specialises in property investment and development in the Thames  Valley. The portfolio, valued in excess of £34m, is primarily located to the west of London, close to Heathrow Airport and in Surrey and Berkshire .)

 

Highlights

bulletRevenue £0.6m (2007: £0.7m)  
bulletProperty sales £nil (2007:£0.2m)
bulletNet assets per share 1,105p (2007: 1,189p)
bullet(Loss)/profit before tax £(1.5)m (2007: £1.5m)
bullet(Loss)/earnings per share (90.2)p (2007: 74.5p)
bulletTotal dividend per share paid and proposed 12.30p (2007: 11.25p)
bulletFinal dividend proposed 9.0p per share (2007: 8.25p)
bullet Gearing nil (2007: nil)

Richard Wollenberg, chairman, commented:

“The Thames Valley has not escaped the general slow down in the UK property market and this has affected investment, letting and new development activity. Confidence will eventually return assisted by the recent reduction in interest rates. However, this will take some considerable time to work through. In the current volatile market it is difficult to predict the immediate future, but the process of property development takes a number of years and as such should be viewed on a long term investment basis."

A copy of the full preliminary announcement for the year ended 30 September 2008 is available in pdf format by clicking here.

A copy of the 2008 Annual Report is available in pdf format by clicking here.

A copy of the rule 9 waiver document is available in pdf format by clicking here.

 

Further Information
The Cardiff Property plc Richard Wollenberg 01784  437444
Arbuthnot Securities Richard Johnson 020 7012 2000
 

 

 

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