Sutton Harbour Dividends - SUH

Sutton Harbour Dividends - SUH

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Sutton Harbour Group Plc SUH London Ordinary Share GB0008659202 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 19.50 00:00:00
Open Price Low Price High Price Close Price Previous Close
19.50 19.50 19.50 19.50 19.50
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Industry Sector

Sutton Harbour SUH Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

eezymunny: SUH from my reading have a 150 yr lease on the airport yet press articles suggest a possible £50m windfall for the council who own the freehold. Anybody found any details on the lease etc and what the redev plan could mean for SUH?
carcosa: LoB. Agreed; things move at a snail's pace in the UK though.... For the amount of time Rothchild's has been involved I would like to be an optimist and think that once planning permission is agreed then things should work quickly for the benefit of shareholders looking to make an exit. However, being a realist I doubt much of anything has actually been done by Rothchilds and their appointment by SUH was made to please Crystal Amber... meanwhile paying Rothchilds a regular fee for not doing much. Hopefully this will all be resolved by end of year. Carcosa
gingerplant: Well - a step in the right direction loafofbread: hxxp://
hastings: A few thoughts that may be of interest to others taking a look.
lime circle: I thought the recent British Land planning application in Plymouth might be mildly positive long term for SUH. Extracts from the local press: Plymouth City Council planners are set to consider plans for the £40 million Drake Circus Leisure development in Plymouth city centre. The scheme, which is due to be considered by the Planning Committee in April, includes … a new pedestrian route from the city centre to Sutton Harbour and the Barbican. The council was quoted - "This proposed scheme would transform the link from the city centre to the Barbican and the waterfront, into a more seamless quality experience for shoppers and visitors alike. Plymouth Chamber is therefore very pleased to be supportive of British Land’s planning application for this exciting development"
sammy_smith: Watch: Jason Schofield, CEO, Sutton Harbour SUH - Preliminary results Click the link below to listen
pugugly: From rns today. So Sutton do all the hard work and 75% goes to the council. On the surface dows not sound like a good deal (imo) Any contrary views ? Note: Plymouth City Airport Limited, a 100% owned subsidiary of the Company, holds a legal interest in the 113 acre former airport site. Plymouth City Airport Limited ceased airport operations on 23 December 2011, and in accordance with its legal obligations, is working with Plymouth City Council (PCC), to achieve best value from alternative use of the site whereupon net proceeds will be split 75:25 in favour of PCC.
cestnous: SHARE TIPS AND UPDATES Sutton Harbour Holdings PLC (uk:SUH) VALUE LOW RISK Bull points Shares trade far below net asset value Fish market performing well New marina planned Impressive real estate portfolio Bear points No dividend More losses on the airport venture Sutton Harbour is an archetypal value play - its shares trade far below book value; and additional value is hidden away Sutton Harbour in Plymouth has a long and chequered history and was once owned by the London & South Western Railway. The railway is long gone (although some of the tracks are still there) and since 1989 the harbour - now with a lock gate - has been owned by Sutton Harbour Holdings (SUH), and the dock has been transformed into a 573-berth boating marina. But it hasn't been plain sailing. In 2000 Sutton Harbour bought the lease on Plymouth City Airport and set up its own regional airline. This flopped and was shut in 2011; meanwhile, Sutton was left nursing a large loss. However, that's water under the bridge and, with a new chief executive at the helm, the company is concentrating on its core business, which includes redeveloping the dockside area, expanding the marina and operating a fish market. The real value has yet to be realised, which is why the share price languishes so far below book value of 43p per share. But there is plenty of development potential and earlier this year a deal was secured to develop a new marina at nearby Millbay. This will cost around £4m, but the funds have been secured though a share placing that raised £5.7m earlier this year, and work is expected to start on the 171-berth facility in time for use next summer. The existing marina in Sutton Harbour is performing well, with occupancy rates of around 90 per cent. This is about right because it is useful to have some availability for passing trade and special events. Moreover, mooring fees are around half the level charged at Southampton. SUTTON HARBOUR (SUH) ORD PRICE: 30p MARKET VALUE: £29m TOUCH: 27-30p 12-MONTH HIGH: 30p LOW: 18p DIVIDEND YIELD: nil PE RATIO: 50 NET ASSET VALUE: 43p NET DEBT: 38% Year to 31 Mar Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2009 29.3 -3.45 -4.86 2.26 2010 39.3 2.52 3.64 1.81 2011 9.64 2.51 4.30 nil 2012 9.90 0.46 0.96 nil 2013* 8.70 0.70 0.60 nil % change -12 – – – Normal market size: 1,000 Market makers: 4 Beta: 0.1 *Arden Partners estimates, profits and earnings per share are not directly comparable When the port was developed into a marina by installing a lock, the fish market was relocated and has developed into the number two fish market in England. Last year it handled 5,400 tonnes of fish, double the amount landed in 2009. Sutton Harbour generates revenue from the facilities that it provides, which includes its own auction house, and it takes a percentage of the value of fish landed. The group also has a property portfolio of buildings around the harbour, where void rates are less than 10 per cent, and two car parks with 426 spaces. Indeed, the total estate portfolio is valued at about £50m. That feeds through to net assets for shareholders of £42m, which compares with a £29m market value of the equity. Even the airline venture has a silver lining. True, after 2010-11's £9m loss, it lost another £1.6m in the latest year. But Sutton Harbour still owns a 142-year lease on the 113 acres of land. Assuming this is redeveloped into the usual mix of housing, commercial buildings and shops, the company benefits from 25 per cent of the development profits, which could be as much as £10m. SHARE TIP SUMMARY: Sutton Harbour has reduced its debt load from £21m to £16m, but its bosses want to cut that burden further before resuming dividend payments. Still, the real value is in the company's property portfolio. Redeveloping the Millbay marina, which has a valuation potential of £6m, and realising profit from the old airport could add £16m to shareholders' funds, making that big discount to net assets even bigger. Buy.
doodlebug4: I don't think he had a point edwardt, but he did seem to be stuttering a lot on various threads. Back to SUH, I did notice that there were suggestions in the Plymouth Herald yesterday for an alternative site for the city airport, which would be good news for SUH.
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