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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Westbury Inc | LSE:WPFI | London | Ordinary Share | GB0031367971 | INC SHS 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 104.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9090R Westbury Property Fund Limited 27 February 2007 Press release 27 February 2007 THE WESTBURY PROPERTY FUND LIMITED ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR FROM 1 JANUARY 2006 TO 31 DECEMBER 2006 Highlights * 2006 total return to Ordinary Shareholders for 2006 of 37.9% (2005: 27.2%) * Net asset value per share due to Ordinary Shareholders up 33.2% over the year to 169.10p (2005: 127.9p) net of dividends paid and fund manager's performance fee accrual * On a three year basis to December 2006 the Company achieved a total return of 26.6% per annum compared to its benchmark which returned 18% per annum, placing the Fund 1st in its peer group of 56 over the period * Ordinary Share dividends of 6p for the 12 months to 31 December 2006 * Majority of the wholly owned property portfolio is being marketed with a view to disposal in order to realise the outstanding returns achieved for shareholders to date * Good progress being made in meeting the business plan for the development and site operations of a fully operational port at Weston Point Docks by the Company's wholly owned subsidiary, Westlink Group, which has recently appointed a Chief Executive * Westlink Group has acquired a rail freight operating business through its subsidiary Victa Westlink Rail and will be generating income from the provision of rail freight services from the Weston Point Docks site and any other sites that can be acquired in the UK and connected via the rail network * Four further venture investments were made in 2006 making a total of eight joint venture investments held in the venture portfolio with an aggregate equity held in these joint ventures of #57.2m The Westbury Property Fund Limited ("The Company") today announced its results for the twelve months to 31 December 2006. Commenting, Richard Burrell, Investment Manager to the Company, said: "This has been another excellent year for The Westbury Property Fund. The Company has performed well against the IPD benchmark placing it 1st in its peer group of 56 over the last three years and providing Ordinary Shareholders with a total return of 37.9% in 2006." "We are confident that the disposal of much of the commercial property portfolio and the acquisition of asset backed operating businesses offers the Company the best potential to achieve sustainable superior returns for shareholders going forward." On the outlook for 2007, Mr Burrell continued: "2007 will see the Company work towards the further expansion of the ports, rail and joint venture businesses. We are already building a strong track record in joint venture investments and anticipate making further equity investments shortly. The full text of the results are available on RNS. - e n d s - For further information, please contact: Louise Bathersby Henrietta Guthrie/Sarah Campbell Assura Fund Management Lansons Communications 020 7107 3800 020 7294 3612 / 020 7566 9703 This information is provided by RNS The company news service from the London Stock Exchange END FR IFFEIFEIRFID
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