RCS - Springfield Props. - Progressive publishes new research

Springfield PropertiesAnnouncement

22/06/2022 08:45

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RNS Number : 7717P  Springfield Properties PLC  22 June 2022

 Forecasts up after 'pay-as-you-go' acquisition

We have raised our FY2023E and FY2024E PBT estimates for Scotland's only
 quoted housebuilder by 5% and 10%, respectively, following its £46m
 acquisition of the housebuilding business of Mactaggart & Mickel Group.
 The deal is structured with payments phased over five years in line with homes
 sold, so we are not changing our net debt estimates. Springfield also
 reiterated guidance for FY2022E, with improved net debt.

 (https://progressive-research.com/research/forecasts-up-after-pay-as-you-go-acquisition/)

Click here for full analysis
(https://progressive-research.com/research/forecasts-up-after-pay-as-you-go-acquisition/)

 

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Progressive is an equity research and investor engagement company.  FCA
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 Broad coverage                    Analyst calibre

 across 12 sectors

 Business Services  Oil & Gas      15         with average    20
                                   analysts                   years
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 Healthcare         Retail
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 Investment Trusts  Telecoms                  industry based  Extel
 Mining             Utilities                 awards          StarMine

 

 

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