Springfield Properties PLC Progressive publish new research

RNS Number : 7574D

Springfield Properties PLC

20 February 2024

 

Springfield Properties plc: On track as market recovery builds momentum Today's interim results show that Springfield remains on track to meet FY24E expectations for both earnings and, helped by profitable land sales, debt reduction - amid gathering signs of recovery in all three of Springfield's sectors: private sales, affordable housing and, as Scotland's rent controls end, private rental. We maintain our FY24E and FY25E estimates but suggest our volume forecasts may be conservative. We believe the Barratt Redrow deal could highlight Springfield's low valuation. Click here for full analysis

 

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Progressive is an equity research and investor engagement company.  FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts.  We provide Institutional grade research and connect companies with investors across every sector of the market.

 

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Broad coverage		Analyst calibre
across 12 sectors
Business Services	Oil & Gas	15 analysts	with average	20 years
Financials	Property		experience of
Healthcare	Retail
Industrials	Technology	30+		techMARK
Investment Trusts	Telecoms		industry based	Extel
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