Springfield Properties PLC Progressive publish new research
February 20 2024 - 3:14AM
RNS Non-Regulatory
RNS Number : 7574D
Springfield Properties PLC
20 February 2024
Springfield Properties plc:
On
track as market recovery builds momentum
Today's interim results show that
Springfield remains on track to meet FY24E expectations for both
earnings and, helped by profitable land sales, debt reduction -
amid gathering signs of recovery in all three of Springfield's
sectors: private sales, affordable housing and, as Scotland's rent
controls end, private rental. We maintain our FY24E and FY25E
estimates but suggest our volume forecasts may be conservative. We
believe the Barratt Redrow deal could highlight Springfield's low
valuation.
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About Progressive:
Progressive is an equity research and investor
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has a 15-strong team of highly experienced analysts. We
provide Institutional grade research and connect companies with
investors across every sector of the market.
www.progressive-research.com
Broad
coverage
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Analyst
calibre
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across 12
sectors
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Business
Services
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Oil &
Gas
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15
analysts
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with average
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20
years
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Financials
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Property
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experience
of
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Healthcare
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Retail
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Industrials
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Technology
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30+
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techMARK
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Investment
Trusts
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Telecoms
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industry
based
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Extel
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Mining
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Utilities
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awards
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StarMine
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further information please contact:
Progressive Equity
+44 (0) 20 7781 5300
info@progressive-research.com
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