Athelney Tst. (ATY)

Company name:	Athelney Tst.
EPIC:	ATY	Trading Currency:	GBX
Market Sector:	SQQ3	ISIN:	GB0000609296
Market Segment:	SSQ3	Share Type:	DE
WWW Address:		Description:	ORD 25P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
248.00	0.0 [0.00]	238.00	258.00	248.00	248.00	248.00	3,674
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
5.35	2.16	0.07	9.60	8.90	25.83	3.59	277.50 - 242.00

Athelney Tst Key Figures

(at previous day's close)
Market Cap.	5.35	m
Shares In Issue	2.16	m
Prev. Close	248.00
PE Ratio	25.83
Dividend Yield	3.59	%
EPS - basic	9.60	p
Dividend PS	8.90	p
Dividend Cover	1.08
Cash Flow PS	8.57	p
Return On Equity (ROE)	3.35	%
Operating Margin	86.33	%
PEG Factor	-6.46
EPS Growth Rate	-4.00	%
Dividends PS Growth Rate	3.49	%
Net Debt	-0.02	m
Gross Gearing	0.38	%
Quick Assets	0.20	m
Net Working Capital	0.18	m
Intangibles / Fixed Assets	-	%
Turnover PS	11.07	p
Pre-Tax Profit PS	9.55	p
Retained Profit PS	0.98	p
Cash PS	2.10	p
Net Cash PS	1.02	p
Net Tangible Asset Value PS *	284.79	p
Net Asset Value PS	284.80	p
Spread	20.00 (7.75%)
* 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.

Athelney Tst Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	248.00	248.00
4 weeks	256.00	248.00
12 weeks	260.00	248.00
1 year	277.50	242.00

Share Price Chart (5 years)

Athelney Tst Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	248.00	-	-	248.00	0.02		248.00
4 weeks	256.00	-8.00	-3.13	248.00	0.01		249.12
12 weeks	260.00	-12.00	-4.62	248.00	0.00		249.95
26 weeks	249.50	-1.50	-0.60	247.50	0.00		254.00
1 year	244.00	4.00	1.64	242.00	0.00		252.51
3 years	195.00	53.00	27.18	165.00	0.00		229.02
5 years	175.00	73.00	41.71	135.00	0.00		223.32
† periods calculated are whole weeks rather than calendar months

Athelney Tst Key Management Ratios

Athelney Tst Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	0.11
PE Ratio	25.83
Tobin's Q Ratio	0.92
Tobin's Q Ratio (excl. intangibles)	0.92
Dividend Yield	3.59	%
Market-to-Book Ratio	0.87
Price-to-Pre-Tax Profit PS	25.96
Price-to-Retained Profit PS	253.14
Price-to-Cash Flow PS	28.94
Price-to-Sales PS	22.41
Price-to-Net Tangible Asset Value PS	0.87
Price-to-Cash PS	118.16
Net Working Capital PS	8.29
Price Pct to Working Capital PS	29.92	%
Earnings Yield	3.87	%
Average PE	27.14
Years in average	5
PE to PE average	95.18	%

Athelney Tst Financial Ratios

(Leverage Ratios)
Debt Ratio	-	%
Debt-to-Equity Ratio	-
Debt-to-Equity Ratio (excl. Intgbl)	-
Debt-to-Equity Market Value	-
Net Gearing	-0.36	%
Net Gearing (excl. Intangibles)	-0.36	%
Gross Gearing	0.38	%
Gross Gearing (excl. Intangibles)	0.38	%
Gearing Under 1 Year	0.38	%
Gearing Under 1 Year (excl. Intgbl)	0.38	%
Assets/Equity	1.00
Cash/Equity	0.74
(Liquidity Ratios)
Net Working Capital to Total Assets	2.90	%
Current Ratio	8.69
Quick Ratio (Acid Test)	8.69
Liquidity Ratio	1.95
Cash & Equiv/Current Assets	22.41	%
(Solvency Ratios)
Enterprise Value	5.31	m
CFO/Sales	0.77
CFO/Attributable Profit	0.90
CFO/Assets	0.03
CFO/Debt	7.96
Total Debt/Equity Market Value	0.00
Total Debt/Sales	0.10
Total Debt/Pre-Tax Profit	0.11
Total Debt	0.02	m
Total Debt/Net Current Assets	0.13	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	1.06	%
5 yr Compound Earnings Growth	9.49	%
10 yr Compound Earnings Growth	9.43	%
Earn drops > 5% in 10yrs	4

Beta (60-Mnth)	Beta (36-Mnth)
0.0691	0.0428

Athelney Tst Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	3.35	%
Return On Assets (ROA)	3.55	%
Net Profit Margin	86.33	%
Assets Turnover	0.04
Return On Equity (ROE)	3.35	%
Return On Investment (ROI)	3.57	%
Dividend Payout Ratio	92.71	%
Plowback Ratio	7.29	%
Growth from Plowback Ratio	0.26	%
Net Income Of Revenues	8.85	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.04
Fixed Assets Turnover	0.04
Current Assets Turnover	0.92
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	24.29
Debtors-to-Sales	86.62	%
Debt Collection Period	316.17	Days

Athelney Tst Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
16 Feb 2018	Final	GBX	8.90	31/12/2016	31/12/2017	01/03/2018	02/03/2018	06/04/2018	8.90
24 Feb 2017	Final	GBX	8.60	31/12/2015	31/12/2016	09/03/2017	10/03/2017	06/04/2017	8.60
04 Mar 2016	Final	GBX	7.90	31/12/2014	31/12/2015	17/03/2016	18/03/2016	14/04/2016	7.90
06 Mar 2015	Final	GBX	6.70	31/12/2013	31/12/2014	19/03/2015	20/03/2015	16/04/2015	6.70
07 Mar 2014	Final	GBX	5.50	31/12/2012	31/12/2013	19/03/2014	21/03/2014	14/04/2014	5.50
08 Mar 2013	Final	GBX	5.00	31/12/2011	31/12/2012	19/03/2013	21/03/2013	12/04/2013	5.00
13 Mar 2012	Final	GBX	4.95	31/12/2010	31/12/2011	14/03/2012	16/03/2012	24/04/2012	4.95
17 Mar 2011	Final	GBX	4.90	31/12/2009	31/12/2010	06/04/2011	08/04/2011	04/05/2011	4.90
25 Mar 2010	Final	GBX	4.70	31/12/2008	31/12/2009	03/03/2010	05/03/2010	01/04/2010	4.70
10 Apr 2007	Final	GBX	3.25	31/12/2005	31/12/2006	25/04/2007	27/04/2007	25/05/2007	3.25
20 Apr 2006	Final	GBX	2.50	31/12/2004	31/12/2005	26/04/2006	28/04/2006	26/05/2006	2.50
06 Apr 2005	Final	GBX	2.00	31/12/2003	31/12/2004	13/04/2005	15/04/2005	16/05/2005	2.00
06 Apr 2004	Final	GBX	1.80	31/12/2002	31/12/2003	14/04/2004	16/04/2004	17/05/2004	1.80
08 Apr 2003	Final	GBX	1.70	31/12/2001	31/12/2002	20/04/2003	22/04/2003	19/05/2003	1.70
09 Apr 2002	Final	GBX	1.70	31/12/2000	31/12/2001	17/04/2002	19/04/2002	20/05/2002	1.70
10 Apr 2001	Final	GBX	1.60	31/12/1999	31/12/2000	18/04/2001	20/04/2001	29/05/2001	1.60
11 Apr 2000	Final	GBX	1.50	31/12/1998	31/12/1999	17/04/2000	25/04/2000	01/06/2000	1.50
13 Apr 1999	Final	GBX	1.15	31/12/1997	31/12/1998	19/04/1999	23/04/1999	07/06/1999	1.15

Athelney Tst Fundamentals

	31 Dec 2014 (GBP)		31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)
turnover	0.19	-	0.22	-	0.24	-	0.24	-	m
pre tax profit	0.16	-	0.18	-	0.21	-	0.21	-	m
attributable profit	0.16	-	0.18	-	0.21	-	0.21	-	m
retained profit	0.05	-	0.05	-	0.05	-	0.02	-	m
eps - basic (p)	7.80		9.30		10.00		9.60
eps - diluted (p)	7.80		9.30		10.00		9.60
dividends per share	6.70		7.90		8.60		8.90

Athelney Tst Balance Sheet

	31 Dec 2014 (GBP)		31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)


	31 Dec 2014 (GBP)		31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	4.43	97.68%	4.71	96.64%	5.12	94.18%	5.97	96.72%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	0.09	1.92%	0.12	2.55%	0.26	4.73%	0.16	2.54%	m
cash & securities	0.02	0.40%	0.04	0.81%	0.06	1.09%	0.05	0.73%	m

TOTAL	4.54	100%	4.87	100%	5.43	100%	6.17	100%	m

LIABILITIES
creditors - short	0.02	0.35%	0.02	0.32%	0.01	0.27%	0.02	0.38%	m
creditors - long	-	-%	-	-%	-	-%	-	-%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	0.02	0.35%	0.02	0.32%	0.01	0.27%	0.02	0.38%	m

EQUITY
ord cap, reserves	4.52	99.65%	4.86	99.68%	5.42	99.73%	6.15	99.62%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	4.52	99.65%	4.86	99.68%	5.42	99.73%	6.15	99.62%	m

OTHER
NAV Basic	228.00		245.00		251.10		284.80
NAV Diluted	228.00		245.00		251.10		284.80

Athelney Tst Cash Flow Statement

	31 Dec 2014 (GBP)	31 Dec 2015 (GBP)	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)
Operating CF	0.01	0.04	-0.03	0.18	m
Pre-Financing CF	-0.01	0.02	-0.20	0.02	m
Retained CF	-0.01	0.02	0.02	-0.01	m

Athelney Tst Brokers

Name	Activity	Type	Mnemonic	Code
Fairfax I.S. PLC	Market Maker(MMF)	Broker/Dealer	FFAX	FRFXGB21001
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC