29 November 2007
Home Up The Portfolio Corporate

 

FOR IMMEDIATE RELEASE

The Cardiff Property plc

29 November 2007

 

Preliminary results for the year ended 30 September 2007

 

(The group, including Campmoss, specialises in property investment and development in the Thames  Valley. The portfolio, valued in excess of £35m, is primarily located to the west of London, close to Heathrow Airport and in Surrey and Berkshire .)

 

Highlights

bulletRevenue £0.7m (2006: £2.4m)  
bulletProperty sales £0.2m (2006:£1.9m)
bulletNet assets per share 1,189p (2006: 1,123p)
bulletProfit before tax £1.5m (2006: £2.5m)
bulletEarnings per share 74.5p (2006: 137.6p)
bulletTotal dividend per share paid and proposed 11.25p (2006: 10.05p)
bulletFinal dividend proposed 7.3p per share (2006:7.3p)
bullet Gearing nil (2006: nil)

Richard Wollenberg, chairman, commented:

“The improvement in take up of new office space in the M4 corridor, forecast for the latter part of 2007, has not materialised. The majority of property professionals remain optimistic of an improvement in the letting market but I am not convinced that this will happen. Investment values for commercial, as well as residential property, will, no doubt, come under further pressure. The Thames Valley , by virtue of its proximity to Heathrow Airport , will remain an important trading and commercial location and be attractive to a range of occupiers.”

A copy of the full preliminary announcement for the year ended 30 September 2007 is available in pdf format (size 158kb) by clicking here.

A copy of the 2007 Annual Report is available in pdf format (size 760k) by clicking here.

A copy of the rule 9 waiver document is available in pdf  format (size 224k) by clicking here.

 

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

 

 

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