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/

In on Friday at 141.50 .

The company has a lot of value locked away in its landbank. Management buy land, push it through the planning process and sell it, usually to housebuilders who are keen to buy land ready to build on. This land with the building permission may cost the builders more but all the work has been done . The core business is Hallam Land Management. Hallam's land bank stands at 9,069 acres. No value has been put on this , but a few months earlier the land bank was 8,761 acres and in the books at £68.1 million. In the current land bank over 20% has planning consent.
Hallam now looks well placed to turn these assets into cash at a considerable premium to the book value. True, land sales have been pretty subdued this year, but management has built a significant pipeline of sites with planning consent that are about to be marketed. Furthermore, some of these are already subject to agreed terms, which means that Hallam has some buyers lined up.
Henry boot also runs a plant-hire business.
Finances are in decent shape . Last years cash pile was turned by the half year stage into a net debt of 22m, but this resulted from extra purchases of land. Turning the land into about 2,000 plots a year with planning permission. Its building a pipeline for plenty of future profitable revenues.

Starting to march in 2013

On the march

Up about 35p in 2013

Very strong buying

Sold half my holding

Near to a 5yr high now.

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."