Summary
A wall of investment money seeking a home in all kinds of property has pushed up prices to such an extent that A&J Mucklow is keeping cash raised from disposals on deposit rather than embarking on new speculative developments for the time being.
Yesterday the West Midlands industrial and commercial property company reported full-year profits 13.7 per cent ahead at pounds 13.99 million and net assets per share 9.4 per cent higher at 374p.See the full content of this document
Extract
Mucklow Holds Fire On New Ventures
A final dividend of 6.48p gives shareholders a 7.4 per cent increase for the year and puts the shares on a yield of 3...
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