Business
Statement re Net Asset Value
Statement re Net Asset Value.
About this update from Panther Securities Plc
[{"type":"text","content":"\n \n Embargoed until 7.00am on\n\n 3rd February, 2006\n\n Panther Securities PLC ('Panther' or 'the Company') \n\n Net asset value update \n\nIn the interim results for the six months ended 30 June 2005, released on 14\nSeptember 2005, it was announced that the Company intended to commission an\nindependent revaluation of its entire property portfolio. This revaluation has\nnow been completed and shows a total increase in value of approximately £\n20,500,000 over the book value of investment properties shown in the\nconsolidated balance sheet contained in the interim results. After taking into\naccount the increased deferred tax provision required on the revalued\ninvestment properties, the revaluation of investment properties represents an\nincrease in Panther's net asset value of approximately 85p per share.\n\nIn addition, the underlying valuation of the properties held as trading stock\nhas also increased the net asset value by approximately 23p per share before\nallowing for tax. However, in accordance with our accounting policies, this\nincrease will not be recognised in the group accounts until any trading profits\nare realised.\n\nThe net asset value per Panther share at 30 June, 2005 was 295p. The net asset\nvalue per share at 31 December, 2005 will reflect the investment properties'\nuplift referred to above and the trading results for the year ended 31\nDecember, 2005.\n\nFor further information:\n\nAndrew Perloff, Panther Securities plc: 020 7278 8011\n\n\n \n ","length":1803,"tagName":"div"}]