HCFT Highcroft Investments Plc

TIDMHCFT

RNS Number : 0251D

Highcroft Investments PLC

10 May 2012

Highcroft Investments PLC

10 May 2012

Highcroft Investments PLC - Interim Management Statement in respect of the period 1 January 2012 to 9 May 2012

The board of Highcroft Investments PLC today approved the following statement in respect of the current trading period which will end on 30 June 2012.

Property

The directors are pleased to report that there are currently no voids or bad debts in the company's property portfolio. Trading conditions for many tenants remain challenging, particularly in the retail sector. The directors are alert to, and monitor, the threats to the level of rent and certainty of income.

The directors continue to seek prospective additions to the property portfolio that would provide the required combination of unexpired term, yield and covenant strength.

Equity Investments

During the first quarter the directors made a modest shift in the portfolio from defensive to more cyclical stocks. The directors' current view on the equity markets is cautious as uncertainty and volatility remain the dominant sentiments.

Financial position

At 9 May 2012 our cash balances stood at GBP2.4m and our equity portfolio at GBP5.6m. There are no borrowings.

For further information, contact:

Highcroft Investments PLC

   John Hewitt/Roberta Miles                                01865 840023 

Charles Stanley Securities

   Dugald J Carlean / Karri Vuori                           0207 149 6000 

This information is provided by RNS

The company news service from the London Stock Exchange

END

IMSBRGDUGGGBGDC

Grafico Azioni Highcroft Investments (LSE:HCFT)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Highcroft Investments (LSE:HCFT)
Storico
Da Lug 2023 a Lug 2024