Springfield has reported another year of significant growth, slightly ahead of our expectations. Excellent progress continues to be made against all targets, the acquisitions of Dawn and Walker have bedded in well and the outlook is positive, reflecting the strength of the land bank, positive market fundamentals in Scotland and good progress at the Village developments. We make no changes to our forecasts, which see Springfield growing earnings faster than peers over the coming years. We conside ....
17 Sep 2019
Significant growth, compelling valuation
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Significant growth, compelling valuation
Springfield Properties PLC (SPR:LON) | 95.0 0 0.0% | Mkt Cap: 112.7m
- Published:
17 Sep 2019 -
Author:
James Tetley -
Pages:
3
Springfield has reported another year of significant growth, slightly ahead of our expectations. Excellent progress continues to be made against all targets, the acquisitions of Dawn and Walker have bedded in well and the outlook is positive, reflecting the strength of the land bank, positive market fundamentals in Scotland and good progress at the Village developments. We make no changes to our forecasts, which see Springfield growing earnings faster than peers over the coming years. We conside ....