Harworth Group

Ansty deal highlights upside to net development value

  • Sectors : Real Estate
  • Companies : Harworth Group

Ratings and price correct at time of issue.

  • Harworth Group

    Closing Price: 178p

  • RATING 19/11/21

  • PREVIOUS RATING N/A

DAVY VIEW

Today’s announcement to sell Harworth’s large strategic site in Ansty, Warwickshire, suggests to us that the risk to our FY21 estimates is now to the upside. We are also becoming increasingly comfortable with our above consensus net development value (NDV) forecasts into the medium term based on the excellent execution from the company.

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Dec 17 2021, 08:15 GMT

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