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Last 251.75 GBp
Change Today +1.75 / 0.70%
Volume 21.1K
DSC On Other Exchanges
Symbol
Exchange
London
As of 11:35 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

development securities plc (DSC) Snapshot

Open
252.75 GBp
Previous Close
250.00 GBp
Day High
253.00 GBp
Day Low
250.00 GBp
52 Week High
06/23/15 - 293.00 GBp
52 Week Low
10/9/14 - 173.32 GBp
Market Cap
314.6M
Average Volume 10 Days
98.9K
EPS TTM
0.27 GBp
Shares Outstanding
125.0M
EX-Date
07/23/15
P/E TM
9.4x
Dividend
6.56 GBp
Dividend Yield
6.13%
Current Stock Chart for DEVELOPMENT SECURITIES PLC (DSC)

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development securities plc (DSC) Details

Development Securities PLC, together with its subsidiaries, invests, develops, and trades in real estate properties in the United Kingdom. Its property portfolio includes mixed-use regeneration projects, office buildings, residential towers, business parks, retail and shopping centers, and apartments. The company was incorporated in 1980 and is based in London, the United Kingdom.

112 Employees
Last Reported Date: 05/22/15
Founded in 1980

development securities plc (DSC) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 510.0K GBP
Finance Director, Director and Member of Risk...
Total Annual Compensation: 488.0K GBP
Deputy Chief Executive Officer, Executive Dir...
Total Annual Compensation: 403.0K GBP
Compensation as of Fiscal Year 2015.

development securities plc (DSC) Key Developments

Development Securities plc Acquires Two Investment Assets in Dublin for €12.8 Million

Development Securities announced the acquisition of two retail investment assets, Nutgrove Retail Centre and Beacon South Quarter, in suburban Dublin for €12.8 million, a net initial yield of 6.72%. The properties have been acquired in a 50:50 joint venture with Clarendon Properties, an investment vehicle owned by Tony Leonard and Patrick McKillen. Located in Rathfarnham, an established residential suburb of South Dublin, Nutgrove Retail Centre is a popular retail warehouse scheme comprising 45,000 sq. ft. of accommodation, with key tenants including Petworld and Home Store & More. The current occupancy rate stands at 80.7% with the opportunity to add value by letting the remaining vacant unit within the centre. The weighted unexpired lease term is 7.5 years. Beacon South Quarter is a mixed-use development comprising retail, restaurant, residential and office space located in one of south Dublin's most affluent residential and commercial suburbs.

Development Securities PLC Recommends Final Dividend for Fiscal 2015, Payable on August 20, 2015 and Special Dividend, Payable on April 7, 2015; Reports Preliminary Consolidated Earnings Results for the Year Ended February 28, 2015

On February 24, 2015, Development Securities PLC board approved the payment of a special dividend of 8.00 pence per share to be paid on April 7, 2015 to ordinary shareholders on the register at the close of business on March 6, 2015. The Board will also recommend to shareholders at the Annual General Meeting on July 14, 2015 a final dividend of 3.5 pence per share for fiscal 2015, against 3.2 pence per share for the last year. The dividend will be paid on August 20, 2015 to shareholders on the register on July 24, 2015. Including the 8.0 pence per share special dividend, total dividend for the year is 13.9 pence per share against 5.6 pence per share for the last year. The company reported preliminary consolidated earnings results for the year ended February 28, 2015. For the year, the company reported revenue of £203,740,000 against 79,343,000 a year ago. Operating profit was £46,770,000 compared to £17,418,000 a year ago. Profit before interest and income tax was £47,511,000 compared to £30,507,000 a year ago. Profit before income tax was £34,757,000 compared to £19,527,000 a year ago. Profit for the year was £34,023,000 against £18,239,000 a year ago. Profit attributable to owners of the parent was £33,279,000 against £18,236,000 a year ago. Diluted earnings per share attributable to the Parent were 26.8 pence against 14.9 pence a year ago. Net cash generated from operating activities was £65,221,000 against net cash used in operating activities of £46,086,000 a year ago. Purchase of other plant and equipment was £449,000 against £395,000 a year ago. Net debt as at 28 February 2015 was £125,703,000 against £153,764,000 a year ago. Headline profit before tax increased by 133% to £45.4 million.

Development Securities PLC, 2015 Earnings Call, Apr 29, 2015

Development Securities PLC, 2015 Earnings Call, Apr 29, 2015

 

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Industry Analysis

DSC

Industry Average

Valuation DSC Industry Range
Price/Earnings 9.3x
Price/Sales 1.5x
Price/Book 0.9x
Price/Cash Flow 9.2x
TEV/Sales 1.5x
 | 

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