Best Secured Loans:
£7.58m
0.000p
45.00p
Date: Wednesday 22 Nov 2006
LONDON (ShareCast) - Property investment group Safeland said the market place continues to be difficult although a share disposal in the period brought it into profit.
Safeland reported a pre-tax profit of £3.95m compared with £79,000 last year after it booked £3.57m following the sale of shares in Bizspace. Revenue went up to £12.5m for the six months to September from £10.8m.
Net asset value per share at the end of September was 114p compared with 111p previously.
Chairman Raymond Lipman said, “Whilst the marketplace continues to be difficult we have managed to trade profitably during the first six months and I am hopeful that this will continue through to the year end.”
Safeland recently announced that it has established a joint venture property fund with Electra Partners, into which it has paid £1m while Electra has contributed £15m.
| Currency | UK Pounds |
| Share Price | 45.00p |
| Closing Price Change | 0.000p |
| 52 Week High | 76.50 |
| 52 Week Low | 45.00 |
| Volume | 0 |
| Shares Issued | 16.85m |
| Market Cap | £7.58m |
| Beta | 0.02 |
| RiskGrade | 140 |
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| Strong Buy | 0 |
| Buy | 1 |
| Neutral | 0 |
| Sell | 0 |
| Strong Sell | 0 |
| Total | 1 |

| Latest | Previous | |
|---|---|---|
| Interim | Final | |
| Ex-Div | 06-Feb-02 | 05-Sep-01 |
| Paid | 07-Mar-02 | 01-Oct-01 |
| Amount | 1.00p | 1.00p |