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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Town Centre Securities Plc | TOWN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.50 | 2.47% | 145.00 | 16:35:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 144.00 | 144.00 | 144.00 | 145.00 | 141.50 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 18/10/2023 | Final | GBP | 0.025 | 14/12/2023 | 15/12/2023 | 04/01/2024 |
| 09/03/2023 | Interim | GBP | 0.025 | 18/05/2023 | 19/05/2023 | 16/06/2023 |
| 14/10/2022 | Final | GBP | 0.025 | 08/12/2022 | 09/12/2022 | 06/01/2023 |
| 16/03/2022 | Interim | GBP | 0.025 | 19/05/2022 | 20/05/2022 | 24/06/2022 |
| 30/11/2021 | Final | GBP | 0.0175 | 30/12/2021 | 31/12/2021 | 21/01/2022 |
| 24/02/2021 | Interim | GBP | 0.0175 | 27/05/2021 | 28/05/2021 | 25/06/2021 |
| 22/09/2020 | Final | GBP | 0.0175 | 03/12/2020 | 04/12/2020 | 05/01/2021 |
| 26/02/2020 | Interim | GBP | 0.0325 | 28/05/2020 | 29/05/2020 | 26/06/2020 |
| 24/09/2019 | Final | GBP | 0.085 | 05/12/2019 | 06/12/2019 | 07/01/2020 |
| 26/02/2019 | Interim | GBP | 0.0325 | 23/05/2019 | 24/05/2019 | 21/06/2019 |
| Top Posts |
|---|
Posted at 08/11/2023 22:21 by spob If someone offered to buy TOWN for 145pI am sure the board would decline |
Posted at 18/10/2023 08:01 by battlebus2 Results as I expected. Loss per share of 60p due mostly to downgrade of valuations like I said earlier. NAV still 291p and the business is doing well. Dividend maintained. Happy to hold. |
Posted at 15/9/2023 10:58 by 1tx Higher interest rates will affect TOWN to the extent that increasing rates are damaging property values;however they will not cause material increased costs as almost all current borrowing is now covered by the outstanding balance of the 5.375% TCS First Mortgage Debenture 2031.For the first time in years its rates are competitive!Whilst TOWN is trading at a huge discount to book NAV.The problem I can't really work out easily is if the company is able to make a worthwhile profit at net rental income level.Its costs/overheads seem to be considerable and little is left to pay a sustainable property based income.Perhaps the development part of the portfolio is a drag on profitability & increases costs.Without a return to previous dividend levels I think an increase in valuation is unlikely. Incidently I noticed that an associated outpost of the TOWN empire listed Braime Group PLC;a specialist engineering group whose HQ is an impressive brick building on Hunslet Road,Leeds is reporting record profits.TOWN own 15% of voting shares(BMTO) & over 20% of the more numerous non voting shares (BMT).Their holding is worth around £5m.TOWNs shares are held under a nominee account. |
Posted at 06/9/2023 20:35 by londonbus @castleford tigerThe small cap nature of TOWN makes it unattractive for traders - which provides a further discount. They'd be more interested in the likes of British Land. Suits me - will keep buying. |
Posted at 06/9/2023 14:04 by castleford tiger Nicholas306p value per share v 120p to buy.......... Dividend at 4% gives some return Quite a bit of stuff remains undervalued inflation at 10% will filter into prices sooner or later. 35p in the £1 is a very heavy discount. I keep buying but the price falls. Soon be £1 |
Posted at 09/3/2023 10:42 by nickrl HY results out and had it not been for valuation drop they might have got LTV finally down below 40% with all the sales they've made. Divi isn't covered at the cash level but need to exclude the 0.7m the directors have received for the sale of "your parking" as thats a one off and its more favourable. Can't see much scope to improve the divi so yield remains wholly unattractive. |
Posted at 18/7/2022 17:56 by nickrl Master Investors applauds TOWNs buyback approachhxxps://masterinvest |
Posted at 14/7/2022 09:47 by spob Your Parking Space entrepreneurs toast £120m sale to FlowbirdThe company's sale will trigger a substantial payout to Town Centre Securities, the London-listed property company which owns a minority stake, Sky News understands. Mark Kleinman City editor @MarkKleinmanSky Monday 11 July 2022 21:22 Your Parking Space A pair of entrepreneurs who founded an online parking platform nearly a decade ago are close to becoming multimillionaires as they finalise a deal to sell the company for £120m. Sky News has learnt that Harrison Woods and Charles Cridland, who set up Your Parking Space in 2013 to enable motorists to generate revenue from their driveways, are close to concluding a deal with Flowbird, a giant US rival. Sources suggested the deal could be announced as soon as Tuesday morning. If completed, it will crystallise big paydays for the co-founders, both of whom are in their 30s, as well as Pelican Capital, a private equity firm which invested in the company in 2020. It will also crystallise a £25m windfall for Town Centre Securities (TCS), the London-listed property company which owns a stake of approximately 20% in Your Parking Space. The payout for TCS is likely to necessitate a stock exchange announcement because the company has a market valuation of only £70m. Flowbird describes itself as a smart mobility company which operates in 80 countries and processes 350 million transactions annually. More from Business The deal will be notable because it will come as many early-stage British companies are finding securing funding increasingly difficult against a dire backdrop for listed and private technology valuations. Klarna, the buy now, pay later credit provider, confirmed a weekend report by Sky News that it had raised $800m at a post-money valuation of $6.7bn - a huge slump from its $45.6bn pre-money valuation just two years ago. On Monday evening, Your Parking Space and TCS both declined to comment. |
Posted at 13/7/2022 09:08 by nickrl TOWN maybe in for a windfall from its stake in "Your Parking Space" to the tune of £20m although not sure what its got in the books for it. |
Posted at 16/3/2022 10:23 by aringadingding Great results.Good growth in NAV per share. Interim dividend of 2.5p to be paid. This compares to an interim dividend of 3.25p in 2017, that is, during a period of 8yrs, in each of which years a total annual dividend of 10-12p/shre was declared. A resumption of a dividend of 11p would be a 7.3% forward dividend yield on 150p/shre. Further share buybacks will be EPS and NAV/shre accretive. This is my biggest shareholding. Family owned, massive discount to NAV, well run, good yield. |
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