As the parent company of the Sheffield-based Henry Boot Group of Companies, Henry Boot PLC is one of the leading property and construction organisations in the country. Its successful group operations encompass property (Henry Boot Developments Limited), land (Hallam Land Management Limited), construction (Henry Boot Construction Limited) and plant (Banner Plant Limited).

The origins of the company go back over 125 years when local farmer's son, Henry Boot, started his one-man construction business in 1886 to carry out modest jobbing work in the Sheffield and surrounding area. He rapidly expanded into large-scale public works and housing projects throughout the country and, with his son Charles, built the foundations of our company's proud and colourful history


http://www.henryboot.co.uk/

290p has been the ten year high

Pre-close Trading Update
RNS
RNS Number : 2079W
Boot(Henry) PLC
24 January 2013



HENRY BOOT PLC

('Henry Boot' or 'the Group')

Pre-close Trading Update





The Board of Henry Boot issues the following trading update for the year ended 31 December 2012.



There has been no material change in the Group's financial position since the issue of the Interim Management Statement on 12 November 2012. We anticipate that Group profit before tax will be in line with the Board's expectations.



Trading



Revenues for the year ended 31 December 2012 are expected to be around £100 million.



The valuation of the Group's property portfolio is anticipated to be broadly in line with that of June 2012, which reflects the initial valuation uplift on completion of the Warminster foodstore development. We are now part way through our Manchester development which we anticipate will conclude in the second half of 2013 and we expect to start works on our development with Calderdale and Huddersfield NHS Foundation Trust in February 2013 with completion expected in 2014.



The Group's balance sheet remains robust, with gearing at the year-end at around 11% (2011: 1%) as we make further investment in the land and development portfolio.



Hallam Land Management has made a good start to 2013 with the completion of the sale of a site for 100 units at Burdiehouse, Edinburgh and the receipt of planning permission, on appeal, at Cam, Gloucestershire, for 71 units. Furthermore we are well advanced through the legal process on the sale of our site at Banbury, which we anticipate concluding in the near future.


We look forward to updating shareholders in more detail at the time of our full year results which are scheduled to be announced on Wednesday 27 March 2013.

Full year results in the morning, Wednesday 27 March.

Final Results
RNS
RNS Number : 9379A
Boot(Henry) PLC
27 March 2013



HENRY BOOT PLC





UNAUDITED PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012




Henry Boot PLC ('Henry Boot', 'the Company' or 'the Group') (LSE: BHY), a company engaged in land promotion, property investment and development, construction and plant hire, announces its preliminary results for the year ended 31 December 2012.



2012 KEY FINANCIAL HIGHLIGHTS


·
Profit before tax: £13.9m (2011: £16.1m)

·
Property revaluation surplus: £1.4m (2011: deficit £4.3m)

·
Investment property disposal profits: £1.0m (2011: £Nil)

·
Trading profits*: £12.3m (2011: £20.8m)

·
Profit after tax: £11.5m (2011: £10.8m)

·
Earnings per share increased 6% to 7.3p (2011: 6.9p)

·
Proposed final dividend of 2.90p (2011: 2.60p), giving a total for the year of 4.70p (2011: 4.25p), an 11% increase

·
Net asset value per share: 139p (2011: 142p)

·
Investment in strategic land inventories of £19.4m saw a planned net debt rise to £21.9m (2011: £2.3m) and gearing to 12% (2011: 1%)



*Trading profits comprise operating profit of £14.7m (2011: £16.9m), adjusted for the increase in fair value of investment property of £1.4m (2011: decrease £4.3m), profit on sale of investment properties of £1.0m (2011: £Nil) and loss on sale of assets held for sale of £Nil (2011: profit £0.4m).




Commenting on the results, Chairman John Brown said:



"I am pleased to report another year of strong progress throughout the Group in challenging construction and property markets.



"We have invested heavily in the land portfolio which now stands at over 9,000 acres. Furthermore, we achieved a significant number of planning permissions which will feed into sales during 2013 and beyond.



"Strategically we must now capitalise on these valuable assets, whilst at the same time growing the opportunity pipeline to ensure we continue the momentum in years to come.



"We have made a strong start to 2013 across all our businesses. Plant and construction activity is ahead of 2012 and Road Link (A69) Limited is performing to plan. We have a number of profitable developments in progress, have already concluded two land sales and have a significant level of interaction with the planning process which, if successful, will result in a growing number of profitable disposal opportunities to a growing house building industry... we have geared up our balance sheet to take advantage of the nascent recovery, investing in the business opportunities that will generate growing shareholder returns into the future."

Henry Boot: WH Ireland initiates with a target price of 185p and a buy recommendation. Numis shifts target price from 170p to 180p keeping a buy recommendation.

Seem to be on the march today.

A buy in this weeks IC

Good gain on a vey poor day.

As of Apr 20, 2013, the consensus forecast amongst 5 polled investment analysts covering Henry Boot plc advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Feb 09, 2010. The previous consensus forecast advised that Henry Boot plc would outperform the market.

Henry Boot PLC (BHY:LSE) set a new 52-week high during today's trading session when it reached 180.00. Over this period, the share price is up 27.66

Sold my holding, in since 135p

Not in this one, for anyone interested - Henry Boot: WH Ireland increases target price from 185p to 205p and stays with its buy recommendation.

Half Yearly Report

RNS


RNS Number : 3234M

Boot(Henry) PLC

23 August 2013


HENRY BOOT PLC

UNAUDITED HALF-YEARLY RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2013


Henry Boot PLC ('Henry Boot', 'the Company' or 'the Group') (LSE: BHY), a company engaged in property investment and development, land development, construction and plant hire, announces its half-yearly results for the period ended 30 June 2013.



HIGHLIGHTS

·
Operating profit: increased 33% to £7.8m (2012: £5.9m)


·

Property revaluation deficit: £0.5m (2012: surplus £1.8m)


·

Investment property disposal profits: £0.2m (2012: £0.3m)


·

Profit before tax: £7.4m (2012: £5.5m)


·

Earnings per share: increased 64% to 3.6p (2012: 2.2p)


·

Increased interim dividend: 1.95p (2012: 1.80p)


·

Net asset value per share: 144p (31 December 2012: 139p)


·

Net debt: £38.8m (31 December 2012: £21.9m)




Commenting on the results, the Chairman, John Brown, said:



"I am pleased to report another strong set of results for Henry Boot for the half year ended 30 June 2013.



We currently have an unprecedented number of strategic land sites working through the evolving planning process, and during the first half of the year added over 550 acres to our portfolio which now totals 9,565 acres, concluded the acquisition of the 270,000 sq ft former Terry's Chocolate Factory in York and are currently on site with two development projects and are expecting to begin working on several others in the near future.



We continue to trade in line with the Board's expectations for the year ended 31 December 2013 and our balance sheet strength and ability to commit funding to land and property development is resulting in a significant number of competitively priced opportunities arising. These sites will serve to increase our profit generation capability in future years."

Half-yearly report 2013

http://interimreports.henryboot.co.uk/2013/public_html/home/

Broker snap: WH Ireland hands Henry Boot a 'buy' rating

Mon, 23 September 2013


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Price: 188.00

Chg: 1.00

Chg %: 0.53%

Date: 17:06


Property company Henry Boot was given a ‘buy’ rating from WH Ireland Research after reporting a hike in first half earnings.

Operating profit rose to £7.8m from the prior year’s £5.9m and pre-tax profit jumped to £7.4m from £5.5m as earnings per share increased to 3.6p from 2.2p.

“Following a good set of first half results recently, we still view Henry Boot as attractively valued, and reiterate our 'buy' recommendation with a raised 245p price target (+28%),” WH Ireland said in a note Monday.

“Results were well ahead year-on-year in terms of the headline numbers and showed good progress across the divisions.”

White trading is “lumpy”, the momentum is “good and improving”, the broker added.

The analyst said it believes the value in the portfolio is being effectively exploited and sees the uptick in the sector and the economy as being likely to provide many more opportunities to exploit these assets.

“Gearing remains modest and we note the 4% increase in net asset value highlighted by Henry Boot last month.”

Shares rose 0.91% to 188.70p at 10:06 on Monday.

5 Nov Numis 217.00 Buy

Final Results


2013 KEY FINANCIAL HIGHLIGHTS



Profit before tax increased 37% to £18.4m (2012 restated: £13.4m)

Property revaluation deficit of £1.6m (2012: surplus £1.4m)

Investment property disposal profits of £0.3m (2012: £1.0m)

Trading profits* increased 72% to £20.3m (2012: £11.8m)


Earnings per share increased 23% to 8.6p (2012: 7.0p)


Proposed final dividend of 3.15p (2012: 2.90p), giving a total for the year of 5.10p (2012: 4.70p), an 8.5% increase


Total shareholder return of 52% in 2013 and 140% over the last three years


Net asset value per share of 148p (2012: 139p)


·

Investment in strategic land inventories of £9.1m saw a planned net debt rise to £36.1m (2012: £21.9m) and gearing to 19% (2012: 12%)


·

Strategic land acreage now 9,723 acres (2012: 9,011 acres


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Interim Management Statement

RNS


RNS Number : 8798G

Boot(Henry) PLC

13 May 2014






Henry Boot PLC

('the Company' or 'the Group')





Interim Management Statement





Henry Boot PLC (LSE: BHY) is releasing the following Interim Management Statement in respect of the period 1 January 2014 to 12 May 2014.





Trading and outlook



Trading since the beginning of 2014 has been encouraging across all the Group businesses and providing these trends continue, we remain confident of meeting the Board's expectations for the full year. Our portfolio of sites has great potential in the recovering property market although navigating the planning process expediently continues to prove challenging.



KEY EVENTS IN THE PERIOD



LAND DEVELOPMENT




·

The steady improvement in the housing market has continued into 2014 helped by improving mortgage availability which we do not expect to be adversely affected by the tighter lending criteria recently announced.


·

During the period we completed five site disposals covering 435 units, with values achieved as expected.


·

Our land portfolio currently stands at 9,560 acres, marginally down on the end of 2013 total, as a result of the aforementioned land sales. We continue to be very active acquiring further sites and expect to add to the portfolio as and when purchase agreements are concluded.


·

Planning approvals (including minded to grant approvals) were achieved at nine sites for 1,040 housing units and 145 extra care plots. We are also awaiting the outcome of the Legal Challenge to the signed Section 106 agreement connected to the permission already granted on the 1,593 plot site at Blaby.


·

We have a further nine sites either at appeal or awaiting an appeal application for around 3,000 units in total.


·

New planning applications have been submitted in the period on six sites for 2,420 plots.


·

We currently have 36 consented sites which are in various stages of the disposal process. The disposal of our larger schemes will take place over a number of years, however, we are in advanced discussions for the sale of a number of other sites which we hope to report on further as this year progresses.




PROPERTY INVESTMENT AND DEVELOPMENT




·

At our 200 acre business park at Markham Vale we completed development of a petrol filling station, small convenience store and drive-thru Starbucks. Contracts have also exchanged to pre-let a 50,000 sq ft industrial unit for development in the second half of the year. Furthermore, a £14.2m grant award in the period should assist the delivery of further industrial developments later in the year and into 2015.


·

The design and planning phase of a new 400,000 sq ft exhibition and conference centre in partnership with Aberdeen City Council is progressing well with the initial scheme proposal out to public consultation ahead of the submission of a planning application.


·

At Westlake's Science Park in Cumbria contracts have been exchanged to acquire a 1.2 acre site for a 21,000 sq ft office development, pre-let to W S Atkins PLC. Detailed planning permission and grant funding has been awarded for the scheme which will start later in the year and complete in the first half of 2015.


·

Construction work on our mixed-use leisure and office development on Deansgate, in Manchester completed early in 2014 and agreed terms for the final letting are expected to be exchanged soon.


·

At Thorne, we completed the site sale for a 36,000 sq ft supermarket to Tesco and enabling infrastructure works have now commenced.


·

In Stoke our tenant, Recticel Limited, who currently occupy 123,000 sq ft of industrial space manufacturing rigid foam board insulation, has committed to take a 69,000 sq ft warehouse and office extension, with a new 20 year lease on the enlarged unit. Work has commenced on site and is expected to be completed by October 2014.


·

The redevelopment and refurbishment of our retail scheme in Beeston town centre, near Nottingham, has commenced, following the exchange of a number of agreed lettings. The scheme is expected to be completed by the end of 2014.


·

Having completed the shell and core works early in 2014, we have now commenced the extensive fit-out works for the 50,000 sq ft office and outpatients centre, pre-let to Calderdale & Huddersfield NHS Foundation Trust with completion expected early 2015.


·

We are currently in detailed discussions with both residential developers and hotel operators in connection with the former Chocolate Factory in York. Provided these discussions conclude successfully and planning permission is achieved as expected; we hope to begin delivering the scheme in 2015 taking several years to complete it.




CONSTRUCTION DIVISION




·

Our Construction business carried a strong order book into 2014 and has continued to win work such that we expect to achieve targeted activity in 2014 and are already building a 2015 order book. Although construction contract pricing is still tight and some inflationary pressure is just beginning to feed through, it is pleasing to report that the contracting opportunities available to us are at the highest levels for several years.


·

Road Link (A69) Limited, our PFI contract, continues to trade in line with the Board's expectations. We benefited from a relatively mild winter and traffic volumes have risen slightly for the first time in several years as the general economic recovery takes hold.


·

Banner Plant Limited has seen further improvements in activity and utilisation so far this year. Provided this continues through the summer months when 2013 comparatives were strong, we should achieve a solid result for the year.

Henry Boot PLC will announce the Group's Interim Results for the six months ended 30 June 2014 on Friday 22 August 2014.

2014 Half-yearly Results

HIGHLIGHTS




·

Operating profit: increased 79% to £14.0m (2013: £7.8m)


·

Property revaluation surplus: £1.8m (2013: deficit £0.5m)


·

Investment property disposal profits: £0.3m (2013: £0.2m)


·

Profit before tax: increased 81% to £13.4m (2013: £7.4m)


·

Earnings per share: increased 106% to 7.4p (2013: 3.6p)


·

Increased interim dividend: 2.10p (2013: 1.95p)


·

Net asset value per share: 149p (31 December 2013: 148p)


·

Net debt: £33.1m (31 December 2013: £36.1m)





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