Whilst Springfield’s FY20 results reflect the impact of lockdown on the final quarter, demand has returned strongly over recent months. Recent reservations (+24% in Q1) are indicative of pent up demand and increasing interest in the homes that Springfield builds (family homes with gardens in attractive areas). The resumption of the dividend is a mark of the Board’s confidence in current year prospects, whilst the 15,000+ plot land bank underpins medium term growth ambitions. We reintroduce forec ....
29 Sep 2020
Resurgent demand - growth plans reiterated
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Resurgent demand - growth plans reiterated
Springfield Properties PLC (SPR:LON) | 94.5 0 0.0% | Mkt Cap: 112.1m
- Published:
29 Sep 2020 -
Author:
James Tetley -
Pages:
3
Whilst Springfield’s FY20 results reflect the impact of lockdown on the final quarter, demand has returned strongly over recent months. Recent reservations (+24% in Q1) are indicative of pent up demand and increasing interest in the homes that Springfield builds (family homes with gardens in attractive areas). The resumption of the dividend is a mark of the Board’s confidence in current year prospects, whilst the 15,000+ plot land bank underpins medium term growth ambitions. We reintroduce forec ....