Completions were 94 units in H1 and they expect to achieve at least 375 in the full year (WH forecast 400). A key to this story is executing on a plan to build 1200 units pa. These results are an important step towards this. Another key element to this story is the long and well bought land bank. With 10 years of land, they have at least 5 years of excess land. HPI in Dublin in the 12 months to June was 11.1%. With approximately E4.25bn on GDV 10% HPI would add E425m to GP (some of this will
05 Sep 2017
Interim Results
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Interim Results
Cairn Homes PLC (CRN:LON) | 134 -1.9 (-1.1%) | Mkt Cap: 868.9m
- Published:
05 Sep 2017 -
Author:
Harvey Robinson -
Pages:
7
Completions were 94 units in H1 and they expect to achieve at least 375 in the full year (WH forecast 400). A key to this story is executing on a plan to build 1200 units pa. These results are an important step towards this. Another key element to this story is the long and well bought land bank. With 10 years of land, they have at least 5 years of excess land. HPI in Dublin in the 12 months to June was 11.1%. With approximately E4.25bn on GDV 10% HPI would add E425m to GP (some of this will