Scotland’s only quoted housebuilder has confirmed its FY 2020E guidance after it pointed to increased buyer activity following the UK General Election in what we continue to see as a promising Scottish market. HY 2020E results confirmed increased completions for both Private and Affordable divisions plus rising margins and profits. While PBT rose by 3.4%, it signalled confidence in the FY outlook by raising the interim dividend by 17%. We maintain all our key estimates for FY 2020E - 22
25 Feb 2020
Distinctive market positioning pays dividends
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Distinctive market positioning pays dividends
Springfield Properties PLC (SPR:LON) | 93.5 0 0.0% | Mkt Cap: 111.0m
- Published:
25 Feb 2020 -
Author:
Alastair Stewart -
Pages:
11
Scotland’s only quoted housebuilder has confirmed its FY 2020E guidance after it pointed to increased buyer activity following the UK General Election in what we continue to see as a promising Scottish market. HY 2020E results confirmed increased completions for both Private and Affordable divisions plus rising margins and profits. While PBT rose by 3.4%, it signalled confidence in the FY outlook by raising the interim dividend by 17%. We maintain all our key estimates for FY 2020E - 22