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Share Name Share Symbol Market Type Share ISIN Share Description
Highcroft Investments Plc LSE:HCFT London Ordinary Share GB0004254875 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1,050.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1,030.00 1,070.00 1,050.00 1,050.00 1,050.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 3.24 230.50 4.6 55
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,050.00 GBX

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Highcroft Investments (HCFT) Discussions and Chat

Highcroft Investments Forums and Chat

Date Time Title Posts
27/6/202218:00REIT success445
15/3/201213:20REIT failure39

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Highcroft Investments (HCFT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-29 16:15:001,033.002,50025,825.00O
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Highcroft Investments (HCFT) Top Chat Posts

DateSubject
29/6/2022
09:20
Highcroft Investments Daily Update: Highcroft Investments Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker HCFT. The last closing price for Highcroft Investments was 1,050p.
Highcroft Investments Plc has a 4 week average price of 957.50p and a 12 week average price of 945p.
The 1 year high share price is 1,065p while the 1 year low share price is currently 845p.
There are currently 5,194,963 shares in issue and the average daily traded volume is 2,606 shares. The market capitalisation of Highcroft Investments Plc is £54,547,111.50.
16/6/2022
10:38
crumppot: Somewhere HCFT has been tipped. I haven't found out where yet. Superadams , this is not all time high, a few years ago they were higher.
16/5/2022
16:14
crumppot: Anyone intending on going to the HCFT AGM on Wed? I heard it might be interesting.
14/4/2022
09:54
hugepants: Found it. On 28 March 2022, the directors declared a final property income distribution for 2021 of £1,711,000, 33.00p per share, together with a special property income distribution for 2021 of £nil per share (2020 final property income distribution of £1,555,000, 30.00p per share, and special property income distribution for 2020 of £311,000, 6.00p per share), payable on 7 June 2022 to shareholders registered on 22 April 2022
29/3/2022
21:21
nickrl: NAV up 15.5% not to be sneered at but divi barely covered at the cash level. Price recovered well here now so not sure much more to be gained here although many in the sector have had good traction since the sell off a few weeks back seems reliable yield is back in fashion.
29/3/2022
16:44
1tx: Solid performance in my opinion;Dividend about 97% covered by net property rental income,Cardiff office property & Oxford shop remains unlet.5.5% yield at present price is lower than some REITs but better than average quality of properties.
03/2/2022
10:42
kenny: I wonder if the results are going to be better than we anticipate, on the NAV front. Alternatively, they may have had an approach, perhaps, because one of the two major holders wishes to exit. Looking at the price British Land just paid for some warehouses – see their announcement yesterday – there is certainly more value in HCFT than the current share price. Of course, all of my comments above are highly speculative and may be unfounded.
03/2/2022
10:11
spangle93: OMG, the share price has exceeded Pre-Covid levels. Even with its eye-watering spread I'm finally up! [party hat on]
27/1/2022
13:43
madmix: I was tempted by HCFT, but it's just too illiquid. EMS is 50 shares. In a reasonable size like 500 shares, I'm being quoted a spread of 905-949p. BREI still my preferred choice. Much more liquid, and at a 23% discount at 93p.
17/1/2022
13:41
skyship: The remarkable stats in this report surely suggest that the next NAV Updates for Q4'21 are going to be worth the wait. Unfortunately for us that may mean waiting until the Finals - perhaps end March. Increases in the 5%-10% range highly likely, with even the office sector showing a small increase. First to report might well be BREI (c24th Jan.) & EPIC (c26th Jan.) Can’t wait… At least for HCFT we may have a Rent Collection statement later this week. http://cbre.vo.llnwd.net/grgservices/secure/2021%2012%20Monthly_Index%20Snapahot_DEC_K1ZV.pdf?e=1642426109&h=63f007ec992018ccd2446633ff38d195
12/1/2022
10:32
skyship: HIGHCROFT Investments (HCFT) – the next REIT to look anomalously cheap HCFT is perhaps the smallest of the investable UK listed property companies, with Net Assets of £61.4m and a MCap of just £46.6m. It is a very conservatively managed company with antenna well attuned to the sector minefield; ie, where to allocate your funds – office, industrial, retail warehouse, retail etcetcetc. Warehouse/Retail Warehouse (“W/RW”) together accounted for 72% of the portfolio at the Jun’21 Interim stage, with Retail at just 7%. This compares with 48% & 29% just 8yrs ago; and at that time they also had 4% in residential. So, they have moved the portfolio strongly in the right direction; and a perusal through the website also shows the quality of the tenant mix at each and every one of their W/RW sites. The highlight of September’s Interim Statement was the 7.3% increase in the NAV to 1185p, a figure surpassing the pre-Covid high of 1175p. Less good was the fall in occupancy rate from 99% to 89%: “At the period end three of our properties were void, representing 11% of our rental income. We are negotiating a new lease on one of these units representing 4% of our rental income, and we are actively engaged in seeking new tenants for the others.” A post period completion on a sale takes their cash up to £6.2m; so news of an acquisition would be beneficial before too much earnings lag. An obvious attraction is the yield. With last year’s dividend of 57p (inc. a 6p special dividend) the yield at 900p = 6.33%. At that same 900p the NAV discount = 24.1%. LTV is 31.4% and Debt Cost = 3.1%. Trading is complicated by the fact that associates of one of the Directors, David Kingerlee, account for 41% of the equity; whilst another holding company with the awkward name of DG & MB Conn & Associates account for a further 23.2%. Conn (AKA Stewart & Wight Ltd) is a private property company and a long term holder which routinely adds c15,000 shares to their holding every year. With the free float at just 35.8% of the 5.183m shares, ie just c1.85m shares, the Market is always tight and the spread usually wide; though not as wide as the headline figure. The spread at the moment is 888p-914p (2.9%) versus the headline figure of 870p-920p (5.7%). Accordingly, buyers need to be patient, not over-pay, perhaps wait to follow in after a seller. To summarise, HCFT is well managed, has an excellent portfolio and offers a yield and discount level now rather out-of-line with their larger peers. With talk of rationalisation amongst the smaller REITs, corporate action remains a possibility; and would likely deliver an immediate 33% upside. A safe and secure high-yielder. Last Annual Report - to Dec'20 https://www.highcroftplc.com/media/xlhnwqb4/highcroft-annual-report-and-financial-statements-for-the-year-ended-31-december-2020.pdf
Highcroft Investments share price data is direct from the London Stock Exchange
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