Sutton Harbour Share Discussion Threads

[hectorp] 07/6/2003 13:33

Established small fairly illiquid company-
hold dockland and waterfront property at Plymouth including a fish dock which has seen increases in catches. The company take a cut . There is a pub and other features.
- Own lease on Plymouth Airport...sicne 1999.
- in negotiation to transfer the BA Gatwick shuttle service and slot to their own subsidiary
- talks continue. If they can get this slot, they'll run it more cheaply and increase the service, adding greatly to the ancilliary value of the Airport ( for one thing).
IF as we expect this comes about, then the stocks should do well over the coming year. A slow-moving but intersting company.
recent results show a rise in profit of 9.5%. So this COULD be double figures in 2004. EPS has been 9p for the last 3 years. There is a dividend of 5p/share.
Not much downside as there is plenty value in the company's physical assets.
As ther was no thread I felt it useful to start one.
Hector