Albion Development Vct (AADV)

Company name:	Albion Development Vct Plc
EPIC:	AADV	Trading Currency:	GBX
Market Sector:	SQQ3	ISIN:	GB0004832472
Market Segment:	SSQ3	Share Type:	DE
WWW Address:		Description:	ORD 1P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
73.50	0.0 [0.00]	72.50	74.50	73.50	73.50	73.50	-
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
67.81	92.25	0.00	0.73	4.50	100.68	6.12	79.50 - 71.50

Albion Development Vct Key Figures

(at previous day's close)
Market Cap.	67.81	m
Shares In Issue	92.25	m
Prev. Close	73.50
PE Ratio	100.68
Dividend Yield	6.12	%
EPS - basic	0.73	p
Dividend PS	4.50	p
Dividend Cover	0.16
Cash Flow PS	-0.84	p
Return On Equity (ROE)	0.85	%
Operating Margin	-	%
PEG Factor	0.38
EPS Growth Rate	265.00	%
Dividends PS Growth Rate	12.50	%
Net Debt	-14.10	m
Gross Gearing	0.62	%
Quick Assets	18.71	m
Net Working Capital	18.28	m
Intangibles / Fixed Assets	-	%
Turnover PS	-	p
Pre-Tax Profit PS	0.73	p
Retained Profit PS	-2.75	p
Cash PS	15.75	p
Net Cash PS	15.28	p
Net Tangible Asset Value PS *	75.53	p
Net Asset Value PS	83.47	p
Spread	2.00 (2.68%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Albion Development Vct Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	73.50	73.50
4 weeks	74.50	73.50
12 weeks	74.50	73.50
1 year	79.50	71.50

Share Price Chart (5 years)

Albion Development Vct Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	73.50	-	-	73.50	0.01		73.50
4 weeks	74.50	-1.00	-1.34	73.50	0.01		73.78
12 weeks	73.50	-	-	73.50	0.02		74.26
26 weeks	72.00	1.50	2.08	71.50	0.01		74.05
1 year	79.50	-6.00	-7.55	71.50	0.01		75.20
3 years	68.50	5.00	7.30	68.50	0.01		75.74
5 years	68.25	5.25	7.69	64.75	0.01		71.74
† periods calculated are whole weeks rather than calendar months

Albion Development Vct Key Management Ratios

Albion Development Vct Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	100.68
Tobin's Q Ratio	1.01
Tobin's Q Ratio (excl. intangibles)	1.01
Dividend Yield	6.12	%
Market-to-Book Ratio	0.97
Price-to-Pre-Tax Profit PS	101.36
Price-to-Retained Profit PS	-26.71
Price-to-Cash Flow PS	-87.27
Price-to-Sales PS	-
Price-to-Net Tangible Asset Value PS	0.88
Price-to-Cash PS	4.67
Net Working Capital PS	19.81
Price Pct to Working Capital PS	3.71	%
Earnings Yield	0.99	%
Average PE	191.08
Years in average	5
PE to PE average	52.69	%

Albion Development Vct Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	-20.10	%
Net Gearing (excl. Intangibles)	-20.10	%
Gross Gearing	0.62	%
Gross Gearing (excl. Intangibles)	0.62	%
Gearing Under 1 Year	0.62	%
Gearing Under 1 Year (excl. Intgbl)	0.62	%
Assets/Equity	1.01
Cash/Equity	20.85
(Liquidity Ratios)
Net Working Capital to Total Assets	26.07	%
Current Ratio	43.11
Quick Ratio (Acid Test)	43.11
Liquidity Ratio	33.48
Cash & Equiv/Current Assets	77.65	%
(Solvency Ratios)
Enterprise Value	53.28	m
CFO/Sales	-
CFO/Attributable Profit	-
CFO/Assets	-0.01
CFO/Debt	-1.79
Total Debt/Equity Market Value	0.01
Total Debt/Sales	-
Total Debt/Pre-Tax Profit	0.65
Total Debt	0.43	m
Total Debt/Net Current Assets	0.02	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	53.97	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	9

Beta (60-Mnth)	Beta (36-Mnth)
0.0010	0.0007

Albion Development Vct Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	0.96	%
Return On Assets (ROA)	0.88	%
Net Profit Margin	-	%
Assets Turnover	-
Return On Equity (ROE)	0.85	%
Return On Investment (ROI)	0.89	%
Dividend Payout Ratio	616.44	%
Plowback Ratio	-516.44	%
Growth from Plowback Ratio	-4.60	%
Net Income Of Revenues	-	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	-
Fixed Assets Turnover	-
Current Assets Turnover	-
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	-
Debtors-to-Sales	-	%
Debt Collection Period	-	Days

Albion Development Vct Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
27 Mar 2020	Interim	GBX	2.25	31/12/2019	31/12/2020	08/05/2020	11/05/2020	29/05/2020	-
03 Sep 2019	Interim	GBX	2.25	31/12/2018	31/12/2019	12/09/2019	13/09/2019	30/09/2019	4.50
25 Mar 2019	Interim	GBX	2.25	31/12/2018	31/12/2019	02/05/2019	03/05/2019	31/05/2019	-
04 Sep 2018	Interim	GBX	2.00	31/12/2017	31/12/2018	13/09/2018	14/09/2018	28/09/2018	4.00
29 Mar 2018	Interim	GBX	2.00	31/12/2017	31/12/2018	03/05/2018	04/05/2018	31/05/2018	-
31 Aug 2017	Interim	GBX	2.00	31/12/2016	31/12/2017	07/09/2017	08/09/2017	29/09/2017	4.50
23 Mar 2017	Interim	GBX	2.50	31/12/2016	31/12/2017	04/05/2017	05/05/2017	31/05/2017	-
31 Aug 2016	Interim	GBX	2.50	31/12/2015	31/12/2016	08/09/2016	09/09/2016	30/09/2016	5.00
23 Mar 2016	Interim	GBX	2.50	31/12/2015	31/12/2016	05/05/2016	06/05/2016	31/05/2016	-
26 Aug 2015	Interim	GBX	2.50	31/12/2014	31/12/2015	10/09/2015	11/09/2015	30/09/2015	5.00
10 Mar 2015	Interim	GBX	2.50	31/12/2014	31/12/2015	30/04/2015	01/05/2015	29/05/2015	-
19 Aug 2014	Final	GBX	2.50	31/12/2013	31/12/2014	03/09/2014	05/09/2014	30/09/2014	5.00
16 May 2014	Interim	GBX	2.50	31/12/2013	31/12/2014	07/05/2014	09/05/2014	30/05/2014	-
22 Aug 2013	Final	GBX	2.50	31/12/2012	31/12/2013	04/09/2013	06/09/2013	30/09/2013	5.00
12 Apr 2013	Interim	GBX	2.50	31/12/2012	31/12/2013	01/05/2013	03/05/2013	31/05/2013	-
16 Aug 2012	Final	GBX	2.50	31/12/2011	31/12/2012	29/08/2012	31/08/2012	28/09/2012	5.00
12 Apr 2012	Interim	GBX	2.50	31/12/2011	31/12/2012	02/05/2012	04/05/2012	31/05/2012	-
24 Aug 2011	Final	GBX	2.50	31/12/2010	31/12/2011	31/08/2011	02/09/2011	30/09/2011	5.00
06 Apr 2011	Interim	GBX	2.50	31/12/2010	31/12/2011	01/05/2011	03/05/2011	31/05/2011	-
24 Aug 2010	Final	GBX	4.00	31/12/2009	31/12/2010	01/09/2010	03/09/2010	30/09/2010	8.00
25 Mar 2010	Interim	GBX	4.00	31/12/2009	31/12/2010	04/04/2010	06/04/2010	04/05/2010	-
20 Aug 2009	Final	GBX	4.00	31/12/2008	31/12/2009	26/08/2009	28/08/2009	25/09/2009	8.00
04 Dec 2008	Interim	GBX	4.00	31/12/2008	31/12/2009	10/12/2008	12/12/2008	30/12/2008	-
27 Aug 2008	Final	GBX	2.50	31/12/2007	31/12/2008	03/09/2008	05/09/2008	03/10/2008	5.00
07 Apr 2008	Interim	GBX	2.50	31/12/2007	31/12/2008	16/04/2008	18/04/2008	16/05/2008	-
30 Aug 2007	Final	GBX	3.50	31/12/2006	31/12/2007	05/09/2007	07/09/2007	05/10/2007	5.00
27 Mar 2007	Interim	GBX	1.50	31/12/2006	31/12/2007	04/04/2007	10/04/2007	09/05/2007	-
25 Feb 2007	Final	GBX	-	31/12/2005	31/12/2006	-	-	-	3.00
11 May 2006	Interim	GBX	1.00	31/12/2005	31/12/2006	17/05/2006	19/05/2006	19/06/2006	-
30 Nov 2006	Interim	GBX	2.00	30/09/2005	30/09/2006	06/12/2006	08/12/2006	21/12/2006	-
17 Nov 2005	Final	GBX	1.20	31/12/2004	31/12/2005	-	-	-	3.00
17 May 2005	Interim	GBX	1.80	30/12/2004	30/06/2005	25/05/2005	27/05/2005	14/06/2005	-
24 Feb 2005	Final	GBX	2.20	31/12/2003	31/12/2004	02/03/2005	04/03/2005	01/04/2005	4.00
21 Sep 2004	Interim	GBX	1.80	30/12/2003	30/06/2004	29/09/2004	01/10/2004	15/10/2004	-
26 Feb 2004	Final	GBX	2.20	31/12/2002	31/12/2003	10/03/2004	12/03/2004	05/04/2004	4.00
26 Sep 2003	Interim	GBX	1.80	30/12/2002	30/06/2003	08/10/2003	10/10/2003	31/10/2003	-
04 Feb 2003	Final	GBX	2.70	31/12/2001	31/12/2002	12/02/2003	14/02/2003	06/03/2003	4.50
24 Sep 2002	Interim	GBX	1.80	30/12/2001	30/06/2002	02/10/2002	04/10/2002	22/10/2002	-
07 Mar 2002	Final	GBX	2.40	31/12/2000	31/12/2001	13/03/2002	15/03/2002	17/04/2002	4.00
19 Sep 2001	Interim	GBX	1.60	30/12/2000	30/06/2001	26/09/2001	28/09/2001	26/10/2001	-
06 Mar 2001	Final	GBX	2.35	31/12/1999	31/12/2000	28/03/2001	30/03/2001	27/04/2001	3.75
28 Sep 2000	Interim	GBX	1.40	30/12/1999	30/06/2000	09/10/2000	13/10/2000	27/10/2000	-
28 Feb 2000	Final	GBX	1.50	31/12/1998	31/12/1999	06/03/2000	10/03/2000	28/04/2000	2.10
05 Oct 1999	Interim	GBX	0.60	30/06/1998	30/06/1999	11/10/1999	15/10/1999	05/11/1999	-

Albion Development Vct Fundamentals

	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
turnover	-	-	-	-	-	-	-	-	m
pre tax profit	0.67	-	0.20	-	0.21	-	0.67	-	m
attributable profit	0.55	-	0.17	-	0.18	-	0.59	-	m
retained profit	-2.08	-	-2.10	-	-2.33	-	-2.54	-	m
eps - basic (p)	0.90		0.20		0.20		0.73
eps - diluted (p)	0.90		0.20		0.20		0.73
dividends per share	5.00		4.50		4.00		4.50

Albion Development Vct Balance Sheet

	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)


	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
ASSETS
fixed assets	33.80	76.14%	42.29	78.72%	52.66	82.00%	51.41	73.31%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	-	-%	-	-%	-	-%	-	-%	m
current assets - other	-	-%	-	-%	1.24	1.94%	3.88	5.53%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	0.44	0.99%	0.48	0.89%	1.13	1.76%	0.30	0.43%	m
cash & securities	10.15	22.87%	10.96	20.39%	9.19	14.31%	14.53	20.72%	m

TOTAL	44.39	100%	53.72	100%	64.22	100%	70.12	100%	m

LIABILITIES
creditors - short	0.31	0.69%	0.38	0.70%	0.85	1.32%	0.43	0.62%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	0.31	0.69%	0.38	0.70%	0.85	1.32%	0.43	0.62%	m

EQUITY
ord cap, reserves	44.09	99.31%	53.35	99.30%	63.38	98.68%	69.68	99.38%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	44.09	99.31%	53.35	99.30%	63.38	98.68%	69.68	99.38%	m

OTHER
NAV Basic	70.70		73.80		84.70		83.47
NAV Diluted	70.70		73.80		84.70		83.47

Albion Development Vct Cash Flow Statement

	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)
Operating CF	-0.23	-0.53	-0.61	-0.78	m
Pre-Financing CF	0.86	-3.57	-0.58	1.71	m
Retained CF	3.18	0.80	-1.77	5.34	m

Albion Development Vct Brokers

Name	Activity	Type	Mnemonic	Code
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC