Document Actions
05.03.08 BBPP Final Results Press Release 2007
Highlights
· Total 2007 shareholder return (distribution and share price growth) 15.7%
· Proposed second interim distribution of 2.625 pence per share, total 2007 distribution as per forecast
· Substantially all cash from the IPO invested in 2007
· Continued diversification by asset class and geography
· Current projected pipeline of acquisitions in excess of £150 million
Financial Highlights
|
|
2007 |
2006 |
|
Profit before tax |
£11.3 million |
£1.7 million6 |
|
Earnings per share (basic and diluted) |
5.20 pence |
0.54 pence6 |
|
Net Asset Value as at 31 December1 |
£330.4 million2 |
£306.6 million3 |
|
Net Asset Value increase over the period to 31 December |
7.76%5 |
3.56%6 |
|
Net Asset Value per share at 31 December |
110.1 pence |
102.2 pence |
|
IFRS net assets per Balance Sheet at 31 December1 |
£304.3 million |
£297.4 million |
Keith Dorrian, Chairman of the Board, said;
“I believe that the outlook is very positive. The Board believes that the Company’s portfolio and pipeline of public infrastructure investments will remain attractive for their income and capital growth characteristics and for their diversification benefits. The Company’s approach to acquisitions and asset management also have the potential to add additional value to shareholders over the long-term. We remain optimistic about the prospects for enhancing shareholder returns.”
For a copy of the full press release, please click here
For a copy of the presentation, please click here