Springfield has reported a strong set of interims and ongoing momentum beyond the initial bounce back from COVID. Cash generation has been highly impressive (net debt more than halving during the period) and the interim dividend has been reinstated at 1.3p. The Group is said to be on track to report significant growth for the full year, slightly ahead of current market expectations. Springfield’s rating remains modest relative to sector peers and, in our view, the outlook for the Group is attrac ....
23 Feb 2021
Strong bounce back and ongoing momentum
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Strong bounce back and ongoing momentum
Springfield Properties PLC (SPR:LON) | 97.5 3.4 3.7% | Mkt Cap: 115.7m
- Published:
23 Feb 2021 -
Author:
James Tetley | Greg Poulton -
Pages:
3
Springfield has reported a strong set of interims and ongoing momentum beyond the initial bounce back from COVID. Cash generation has been highly impressive (net debt more than halving during the period) and the interim dividend has been reinstated at 1.3p. The Group is said to be on track to report significant growth for the full year, slightly ahead of current market expectations. Springfield’s rating remains modest relative to sector peers and, in our view, the outlook for the Group is attrac ....