Business
Preliminary Results - year en
Preliminary Results - year en.
About this update from Cardiff Property Plc
[{"type":"text","content":"\n RNS Number : 1052D Cardiff Property PLC 26 November 2009 \n \nTHE CARDIFF PROPERTY PUBLIC LIMITED COMPANY\nAND ITS SUBSIDIARIES\n\n\nFOR RELEASE 7.00 AM 26 NOVEMBER 2009\n\nTHE CARDIFF PROPERTY PLC\n(The group, including Campmoss, specialises in property investment and development in the Thames Valley. The total portfolio under management, valued in excess of £31m, is primarily located to the west of London, close to Heathrow Airport and in Surrey and Berkshire.)\n\nPRELIMINARY RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2009\n\nHighlights:\n\n\n\n\n\n\n\n\n\n\n\n2009\n\n\n2008\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRental income\n\n\n£'000\n\n\n561\n\n\n609\n\n\n\n\n\n\n\nProperty sales\n\n\n£'000\n\n\n592\n\n\n-\n\n\n\n\n\n\n\nLoss before tax\n\n\n£'000\n\n\n656\n\n\n1,541\n\n\n\n\n\n\n\nLoss per share\n\n\npence\n\n\n57.7\n\n\n90.2\n\n\n\n\n\n\n\nDividend per share - \n paid and proposed\n\n\n\npence\n\n\n\n12.3\n\n\n\n12.3\n\n\n\n\n\n\n\n\nNet assets per share\n\n\npence\n\n\n1,065\n\n\n1,105\n\n\n\n\n\n\n\nGearing \n\n\n%\n\n\nnil\n\n\nnil\n\n\n\n\n\n\n\n\n\nRichard Wollenberg, Chairman, commented:\n\n\"The Thames Valley commercial property market continues to be adversely affected by low levels of occupier demand, falling rents, tenants exercising break clauses and empty property tax. Rents and values have fallen dramatically over the past two years and it is natural that tenants considering relocation will be attracted to the more favourable terms available in the market place. However in my view it will be some time before a sustained recovery takes place.\"\n\n\nFor further information:\n\n\n\n\n\nThe Cardiff Property plc\n\n\nRichard Wollenberg\n\n\n01784 437444\n\n\n\n\nArbuthnot Securities\n\n\nRichard Johnson\n\n\n020 7012 2000\n\n\n\n\n\n THE CARDIFF PROPERTY PUBLIC LIMITED COMPANY\nAND ITS SUBSIDIARIES\n\n(The group, including Campmoss, specialises in property investment and development in the Thames Valley. The total portfolio under management, valued in excess of £31m, is primarily located to the west of London, close to Heathrow Airport and in Surrey and Berkshire.)\n\nPRELIMINARY RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2009\n\nChairman's statement\n\nDear shareholder\n\nThe Thames Valley commercial property market continues to be adversely affected by low le...