Following the recent positive H1 results, with the acquisition of the freehold of its Leyton storage facility for £19.4m, FIH has now moved proactively to secure a major asset. We view this as a positive, both offensively and defensively. Putting the company on the front foot, acquiring the freehold of the Momart site underpins the future of the art business, which the H1 results showed moving forward strongly. Defensively, the business is protected against future rent rises and indeed the poten ....
05 Dec 2018
Proactive property move strengthens platform
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Proactive property move strengthens platform
FIH Group plc (FIH:LON) | 230 0 0.0% | Mkt Cap: 28.8m
- Published:
05 Dec 2018 -
Author:
Nick Spoliar -
Pages:
4
Following the recent positive H1 results, with the acquisition of the freehold of its Leyton storage facility for £19.4m, FIH has now moved proactively to secure a major asset. We view this as a positive, both offensively and defensively. Putting the company on the front foot, acquiring the freehold of the Momart site underpins the future of the art business, which the H1 results showed moving forward strongly. Defensively, the business is protected against future rent rises and indeed the poten ....