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Share Price Information for Thg (THG)

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Share Price: 64.00
Bid: 63.30
Ask: 63.50
Change: -0.90 (-1.39%)
Spread: 0.20 (0.316%)
Open: 65.00
High: 65.00
Low: 63.05
Prev. Close: 64.90
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Terrace Hill profits sink after 'transformational year'

Thu, 12th Dec 2013 08:08

AIM-listed property firm Terrace Hill Group (THG) reported a significant fall in annual profits during a 'transformational year' as it moves away from residential and into the commercial markets.The firm reported a profit before tax, including discontinued operations, of £6.2m for the 12 months to September 30th, down from £11.8m the year before, mainly due to lower foodstore profits. The company explained that most of the profits from its Sunderland, Sedgefield and Skelton foodstore development projects were recognised in 2012.THG completed the sale of nearly all its residential properties during the year, which - along with certain commercial development activities - led to a sharp reduction in its level of gearing, which fell to 28.6% from 78.2% on September 30th 2012. Net debt, meanwhile, dropped 62.9% to £17.5m from £47.2m a year earlier.Net asset value increased by 1.7% to 28.8p by the end of the year, from 28.3p previously."During 2013 we have achieved significant success in delivering against our strategy, making excellent progress with our development pipeline, while at the same time positioning the group strongly for the future by reducing debt and gearing levels and disposing of almost all of our residential assets," said Chairman Robert Adair. He said that the company expects to "shortly to recommence payment of dividends".The stock, which has risen by around 160% so far in 2013, was down 7.69% by 08:29 on Thursday.BC
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24 Jun 2024 15:00

London close: Prudential, Frasers Group lead stocks higher

(Sharecast News) - London stocks closed on a positive note on Monday, driven by robust performances from Prudential and Frasers Group.

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24 Jun 2024 09:18

THG backs outlook, as revenue grows, and strikes deal with Frasers

(Alliance News) - Frasers Group PLC on Monday entered a multi-year partnership with the owner of Myprotein, THG PLC.

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24 Jun 2024 08:56

LONDON MARKET OPEN: London mixed as UK and France polls near

(Alliance News) - London's FTSE 100 traded a touch higher early Monday, with political developments in Europe, and economic data in the US in focus as the week progresses.

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24 Jun 2024 07:43

LONDON BRIEFING: Prudential announces buyback; Frasers and THG in deal

(Alliance News) - London's FTSE 100 is called to open lower at the start of the week, with share price falls for major US tech shares, Nvidia included, spooking investors on this side of the Atlantic.

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24 Jun 2024 07:27

THG inks multi-year fulfilment and distribution deal with Frasers

(Sharecast News) - Ecommerce services and fulfilment group THG has announced a new multi-year partnership with retail conglomerate Frasers Group that includes the sale of its portfolio of luxury goods websites.

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17 Jun 2024 15:53

UK shareholder meetings calendar - next 7 days

Tuesday 18 June 
Acceler8 Ventures PLCAGM
Andrews Sykes Group PLCAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Bay Capital PLCAGM
Bisichi PLCAGM
Blackbird PLCAGM
Darktrace PLCGM re takeover by Thoma Bravo
Gresham Technologies PLCAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Intelligent Ultrasound Group PLCAGM
Kooth PLCAGM
Red Capital PLCAGM
Science Group PLCAGM
Somero Enterprises IncAGM
Wednesday 19 June 
Argentex Group PLCAGM
Brave Bison Group PLCAGM; vote on capital reduction
Clean Power Hydrogen PLCAGM
HC Slingsby PLCAGM
Maintel Holdings PLCAGM
Octopus Renewables Infrastructure Trust PLCAGM
RBG Holdings PLCAGM
Team17 Group PLCAGM
Videndum PLCAGM
Zinnwald Lithium LtdAGM
Thursday 20 June 
Angling Direct PLCAGM
Anglo Asian Mining PLCAGM
Animalcare Group PLCAGM
ASA International Group PLCAGM
Balanced Commercial Property Trust LtdAGM including re views on strategic review
Block Energy PLCAGM
boohoo Group PLCAGM
Card Factory PLCAGM
Concurrent Technologies PLCAGM
Cordiant Digital Infrastructure LtdAGM
Corero Network Security PLCAGM
Cykel AI PLCGM re acquisition by Mustang Energy PLC
Futura Medical PLCAGM
Good Energy Group PLCAGM
Gresham House Energy Storage Fund PLCAGM
Henderson Eurotrust PLCGM re merger with Henderson European Focus Trust PLC
Kingfisher PLCAGM
Likewise Group PLCAGM
LSL Property Services PLCAGM
Marble Point Loan Financing LtdEGM requisitioned by Freestone
Mustang Energy PLCGM re acquisition of Cykel AI PLC
Northcoders Group PLCAGM
Strix Group PLCAGM
Thor Energy PLCGM re equity raise
Friday 21 June 
All Things Considered Group PLCAGM
Monday 24 June 
Anglo-Eastern Plantations PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Cobra Resources PLCAGM
Diaceutics PLCAGM
Ithaca Energy PLCAGM
Network International Holdings PLCAGM
Oriole Resources PLCAGM
Oxford Biomedica PLCAGM
Savannah Resources PLCAGM
THG PLCAGM
Trinity Exploration & Production PLCAGM
World Chess PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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10 Jun 2024 06:24

Monday newspaper round-up: Macron, THG, LSE Group

(Sharecast News) - France's president, Emmanuel Macron, has been accused of gambling with French democracy after announcing that he will dissolve parliament and call snap legislative elections in the wake of his allies' crushing defeat to Marine Le Pen's far-right National Rally (RN) in Sunday's European parliament elections. - Guardian

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23 May 2024 09:47

LONDON BROKER RATINGS: JPMorgan raises Unilever to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

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21 May 2024 15:35

THG investor to vote against chairman's reappointment

(Sharecast News) - Activist investor Kelso has said it will vote against the reappointment of e-commerce retailer THG chairman Charles Allen in protest to what it considers to be a lack of progress in reviving the company's stock.

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21 May 2024 11:54

Kelso to vote down chair re-election at next THG AGM

(Alliance News) - Kelso Group Holdings PLC on Tuesday announced its voting intentions ahead of the annual general meeting at THG PLC, which is scheduled for June 24.

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23 Apr 2024 10:29

THG hails Beauty division performance; expects interim revenue growth

(Alliance News) - THG PLC on Tuesday reported continued sales momentum in its first quarter, with its Beauty division driving revenue.

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23 Apr 2024 07:37

THG hails 'standout' Beauty performance as Q1 revenues rise

(Sharecast News) - THG posted a jump in first-quarter revenue on Tuesday as it hailed a "standout" performance in the beauty business.

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11 Apr 2024 08:59

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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10 Apr 2024 08:33

THG narrows pretax loss despite revenue decline on strategic action

(Alliance News) - THG PLC on Wednesday remained optimistic of its prospects for the year ahead, after loss narrowed in 2023 despite a drop in revenue.

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10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

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