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Last 240.00 GBp
Change Today +5.25 / 2.24%
Volume 6.7K
DSC On Other Exchanges
Symbol
Exchange
London
As of 6:53 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

development securities plc (DSC) Snapshot

Open
246.00 GBp
Previous Close
234.75 GBp
Day High
246.00 GBp
Day Low
232.50 GBp
52 Week High
03/5/15 - 253.50 GBp
52 Week Low
10/9/14 - 173.32 GBp
Market Cap
299.9M
Average Volume 10 Days
61.2K
EPS TTM
0.16 GBp
Shares Outstanding
124.9M
EX-Date
03/5/15
P/E TM
15.3x
Dividend
6.22 GBp
Dividend Yield
6.30%
Current Stock Chart for DEVELOPMENT SECURITIES PLC (DSC)

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development securities plc (DSC) Details

Development Securities PLC, together with its subsidiaries, develops, invests, and trades in real estate properties in the United Kingdom. Its property portfolio includes urban regeneration projects, food stores, mixed-use development, residential schemes, and leisure developments. The company also operates The Killingworth Centre, a convenience retail shopping center near Newcastle. In addition, it is involved in serviced office operations. Development Securities PLC was incorporated in 1980 and is based in London, the United Kingdom.

79 Employees
Last Reported Date: 05/27/14
Founded in 1980

development securities plc (DSC) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 468.0K GBP
Group Finance Director, Director and Member o...
Total Annual Compensation: 447.0K GBP
Executive Deputy Chairman, Chairman of Risk C...
Total Annual Compensation: 800.0K GBP
Compensation as of Fiscal Year 2014.

development securities plc (DSC) Key Developments

Development Securities Receives Planning Consent for Spirit of Sittingbourne Project

Development Securities announced that the Spirit of Sittingbourne project, a major town centre mixed-use regeneration scheme in Sittingbourne, Kent, has received Resolution to grant planning consent for the first phase of the development. Phase one of the Spirit of Sittingbourne will bring forward the development of six sites across the town centre to include a 7-screen cinema, 29,000 sq. ft. of restaurant space and 34,000 sq. ft. of big box retail. Developed in public private partnership with a development consortium consisting of Swale Borough Council, Essential Land and Quinn Estates, the project is set to revitalise Sittingbourne, providing a catalyst for economic growth and investment, and creating more than 700 jobs over the life of the project. Spirit of Sittingbourne is one of the projects acquired as part of the Cathedral portfolio acquisition.

Development Securities and Transport for London Signed a Joint Venture Agreement

Development Securities and Transport for London (TfL) announced that they have signed a joint venture agreement to redevelop a one-acre site above and around Southwark Underground station on Blackfriars Road, SE1. The development site will combine three sites: Algarve House, a vacant, derelict office building in respect of which Development Securities has an £8.0 million option agreement which will be exercised by the company in March 2015; adjacent land owned by TfL including the air space above Southwark Underground station; and further land around the station owned by the London Borough of Southwark. The combined development site offers huge potential for a significant residential-led mixed-use regeneration of c.225,000 sq. ft. that would reposition this corner of Blackfriars Road to create a new landmark development. Located between the Elephant and Castle regeneration area and the South Bank, the redevelopment would deliver over 300 new residential units as well as new retail space and restaurants, adding to the mix of uses within the local area as well as delivering significant new public realm to complement the large number of developments and improvements taking place within the immediate vicinity. Development Securities and TfL will undergo an extensive consultation process with Southwark Council, local businesses, residents and the wider community over the coming months as the masterplan for the site, designed by architects AHMM, is developed, ahead of submission of the planning application later this year.

Development Securities plc Approves Special Dividend, Payable on April 7, 2015; Announces Executive Changes

The Board of Development Securities plc has approved the payment of a special dividend of £10.0 million or 8.0 pence per share. The dividend will be paid on April 7, 2015 to all shareholders on the register from March 6, 2015. The company also announced that Michael Marx to stand down as CEO. Matthew Weiner to be appointed as CEO and Richard Upton to be appointed as Deputy CEO.

 

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Industry Analysis

DSC

Industry Average

Valuation DSC Industry Range
Price/Earnings 13.4x
Price/Sales 1.9x
Price/Book 0.8x
Price/Cash Flow 13.5x
TEV/Sales 1.9x
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