Business
Trading Update & Proposed Special Dividend
Trading Update & Proposed Special Dividend.
About this update from Panther Securities Plc
[{"type":"text","content":"\n \nRNS Number : 2321M Panther Securities PLC 19 January 2016 \n\n19 January 2016\nPanther Securities P.L.C.\n(\"Panther\" or the \"Company\")\n \nTrading Update and Proposed Special Dividend\n \n \nCHAIRMAN'S STATEMENT\n \nOur Financial Year to 31st December 2015 has just ended and as it will be a few months before our detailed and audited figures can be announced. We are providing a trading update.\n \nIn my half yearly announcement made in September for the period ended 30th June 2015, I mentioned two sales that took place in that period and two sales taking place shortly after the period ended. My final paragraph referred to us wishing to cash in some of our chips while the market remains active.\n \nI am pleased to list below the actual sales and contracts for sale that have taken place since the beginning of 2015.\n \n\n\n\n\n\n\n\n£\n\n\n\n\nSite in Barrhead Glasgow\n\n\n230,000\n\n\n\n\nShares in Beales Plc\n\n\n244,000\n\n\n\n\nTwo freehold factories in Wembley\n\n\n3,500,000\n\n\n\n\nVacant warehouses in Stonehouse\n\n\n275,000\n\n\n\n\nSite at Stratford Rd, Birmingham\n(with non-refundable deposit, subject to planning)\n\n\n500,000\n\n\n\n\nSwindon Market (option with non-refundable deposit)\n\n\n750,000\n\n\n\n\nSouthend, vacant freehold\n\n\n1,050,000\n\n\n\n\nUpper part Old Inn House, Sutton, mainly vacant\n(conditional contract as at y/e but now completed)\n\n\n3,900,000\n\n\n\n\nVictoria Street, Wolverhampton (part paid)\n\n\n150,000\n\n\n\n\nTOTAL SALES PRICE\n\n\n10,599,000\n\n\n\n\n \n \nSome of the profits on these sales will fall into the current year's trading figures due to the conditions attached to their contracts.\n \nThe sales mentioned above, other than the Beales shares, have mainly taken place at prices well above last year's book value. There were, however, two non-income producing sites which sold at slightly below their book value, although being well above their original cost.\n \nThere are a number of other potential sales still in progress, some already agreed in principle. We hope more of these may also come to fruition during the current year.\n \nOur site in Holloway Head, Birmingham has just received a further detailed planning permission for nearly 500 flats, which should increase its value considerably. ...