Share Name Share Symbol Market Type Share ISIN Share Description
Highcroft Inv. LSE:HCFT London Ordinary Share GB0004254875 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 915.00p 900.00p 930.00p 915.00p 915.00p 915.00p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.0 3.3 132.3 6.9 47.28

Highcroft Share Discussion Threads

Showing 176 to 200 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
19/5/2018
00:50
SKYSHIP - you are probably right about scale but I'd be happy if they just keep raising the dividend by at least inflation. I didn't buy on the basis that the discount would close at all (so it'd just be an unexpected windfall if it did).
stemis
18/5/2018
23:57
Expansion is not always a benefit. Usually a vanity trip for the board with a property company. Being cautious ha# always been Highcroft’s strength.
semper vigilans
18/5/2018
23:57
Expansion is not always a benefit. Usually a vanity trip for the board with a property company. Being cautious ha# always been Highcroft’s strength.
semper vigilans
18/5/2018
21:24
SteMiS - Naturally I agree with all of the above. I suggest that the main problem here is the one of scale. HCFT is just too small for many institutions to buy, 5m shares in issue and a free float of c50%. I thought perhaps the appt of Charles Butler was to find some solution, a way for a quantum leap in size without pre-emption of existing shareholders. Difficult, but who knows, maybe he'll come up with a solution.
skyship
17/5/2018
08:48
Oh, OK. What I like about HCFT is that they keep it simple and their accounts are very informative. These are our properties, who the tenants are and what we paid for them. All the information is there; rental yield, average lease remaining lease length and distribution, debt and when it falls due, average interest rate and what make up admin costs. I also like their commitment to increase the dividend by at least inflation, keep bonuses within 10% of distributions and the absence of options/LTIP. Add all that to decent dividend, NAV discount and low debt and it's a good long term hold.
stemis
16/5/2018
22:13
Sorry SteMiS - Sleepy & I were, I believe, referring to MRF's comment on the MKLW thread. As to yr earlier comment, totally agree - and how often is it that you see a propco with zero voids; and been like that for at least 5yrs.
skyship
16/5/2018
21:23
MRF = my retirement fund, a contributor on advfn
yieldsearch
16/5/2018
20:39
Who/what is MRF?
stemis
16/5/2018
17:22
Exec Dir. David Kingerlee accounts for 42% of the equity - MRF had that one totally wrong! Interests of the directors in the shares of the company (audited) The interests of the directors, and their connected persons, in the shares of the company at 31 December 2017 were as follows: Directors: Simon Costa Simon Gill David Kingerlee 1,535,803 Roberta Miles 4,950 The interests of David Kingerlee set out above include the interests of his connected persons who include certain members of the Kingerlee Concert Party as described on page 35. David Kingerlee's personal beneficial holding at 31 December 2017 was 89,470 (2016 89,470). Between 1 January 2018 and 22 March 2018, the only movements in the directors share interests were the increase of Roberta Miles' beneficial holding by 1,000 shares to 5,950.
skyship
16/5/2018
16:38
Is it correct that Highcroft Directors do not have skin in the game?
sleepy
16/5/2018
12:27
Looks like a decently run company, with good disclosure and fair balance between shareholder and management interests.
stemis
15/5/2018
21:09
Yes Sleepy, see what you mean. I don’t think RLE’s assets are on the same level.
semper vigilans
15/5/2018
20:40
Great to see Sky onboard here Interesting to compare total annual costs of Highcroft with costs of RLE Directors.
sleepy
14/5/2018
15:39
Yes it is looking very good.
crumppot
14/5/2018
15:07
The more I read this; the better I like it. At today's offer price of 910p the Yield = 5.1% & the discount = 21.6%: =============================================================================== Property portfolio: Under the guidance and leadership of Simon Gill we purchased two warehouses during the year which were financed by a combination of existing cashflow, recycled cash from a property sale and a new debt facility which in turn reduced the average cost of debt to 3.64% and left gearing at a modest 29%. At the year end the portfolio stood at 74% warehouses and retail warehouses with a small amount of residual residential and the remainder split between well let retail and offices. Property rental growth of 22% for the year is the strongest performance over the last 5 years and with contracted rent at the year end being 21% up on the previous year end this shows the increase in rental income continuing into 2018. We have stringent criteria for new tenant acceptance and at the year end all properties were fully let to a strong tenant base. Through a combination of stable income yields and active asset management I am pleased to report an 8.4% increase in net asset value and 11.9% return on equity for the year (2016 8.0%). Dividend: The company's interim dividend was increased by 8.3% and as a result of strong revenue growth, efficient use of debt and administration costs falling as a percentage of revenue we have increased the final dividend to 30.0p per share leading to a total dividend of 46.25p per share - an increase of 12.8%. Our stated strategy is to increase dividends in excess of inflation every year and I am pleased to say we have delivered an inflation busting 45.4% increase over the last 5 years. Outlook: Highcroft is well positioned with a high quality income producing portfolio. We go into 2018 with positive momentum gained in 2017 and well positioned to continue our portfolio growth. We are however in a very competitive landscape with continuing political uncertainty so we remain cautious and diligent in our approach in ensuring we select the right properties to deliver long term shareholder value.
skyship
03/5/2018
08:19
XD 30p dividend today...
skyship
12/4/2018
10:59
Though they still might be after a rent reduction.
semper vigilans
12/4/2018
10:28
Ahh - good - thnx for that
skyship
12/4/2018
09:08
Wisbech Carpetright not on the list of closures.
semper vigilans
24/3/2018
17:39
Yes, agreed. Looks good value again.
topvest
24/3/2018
14:40
I suspect the trade of 1000 shares @ 880p just after the Market open was actually a very well-executed purchase, not a sale as reported. Someone sold 650 shares the previous afternoon at 865p, so entirely possible. Well done if one of you! For me the standout stat yesterday is that NAV figure of 1161p, providing a 22.5% discount at 900p; still 20.8% at 920p. Remember just 2-3yrs ago HCFT traded at an NAV premium! Provided no real Market alarums, the chart suggests a breakout North to a target of the 2015 high at 1075p. free stock charts from uk.advfn.com
skyship
23/3/2018
21:22
Yes, all good. Would like them to keep gearing under control though. Part of the attraction of this company has been its modest gearing.
topvest
23/3/2018
07:32
Good stuff!
semper vigilans
23/3/2018
07:25
Fantastic figures announced this morning. Pity Markets so bad; but even so, with HCFT @ 900p the yield = 5.14% and the NAV discount = 22.5% Preliminary results for the year ended 31 December 2017 ====================================================== KEY HIGHLIGHTS: # 22.0% increase in gross property income to GBP4,765,000 (2016 GBP3,906,000) # 16.8% increase in investment property valuation to GBP77,113,000 (2016 GBP65,997,000) # Property acquisitions of GBP9,480,000 (net of costs) and disposal proceeds of GBP2,292,000 # 8.4% increase in net asset value per share to 1161p (2016 1071p) # 57.5% increase in earnings per share to 132.3p (2016 84.0p) # Medium term debt GBP19,400,000 (2016 GBP14,900,000); net gearing 29% (2016 21%) # Cash and liquid equity investments GBP4,035,000 (2016 GBP5,838,000) # 15.4% increase in final dividend to 30.0p per share (2016 26.0p per share) # 12.8% increase in total dividend to 46.25p per share (2016 41.0p per share)
skyship
19/3/2018
17:45
Thanks Crump.
semper vigilans
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