Property company share performance – 1998 | |||||
(Companies that | began the year | with a market | capitalisation of | more than £25m) | |
End of year ranking | Third-quarter ranking | Price(p) 01/01/1998 | Price(p) 01/12/1998 | % rise | |
1 | 1 | Freeport Leisure | 227.5 | 371.5 | 63.3 |
2 | 2 | Dunloe Ewart | 18.5 | 29 | 56.8 |
3 | 4 | Delancey | 72.5 | 106.5 | 46.9 |
4 | 3 | Jermyn | 202.5 | 270 | 33.3 |
5 | 5 | NHP | 126 | 151 | 19.8 |
6 | 7 | Workspace | 386.5 | 455 | 17.7 |
7 | 11 | Birkby | 159.5 | 183.5 | 15 |
8 | 8 | Mountview | 1690 | 1900 | 12.4 |
FT ALL-SHARE | 2411 | 2674 | 10.9 | ||
9 | 10 | Compco | 190.5 | 203 | 6.6 |
10 | 23 | Panther | 131.5 | 132.5 | 0.8 |
11 | 26 | Green | 355 | 352.5 | -0.7 |
12 | 29 | Mucklow | 159 | 157.5 | -0.9 |
13 | 12 | Ashtenne | 135.5 | 132.5 | -2.2 |
14 | 15 | McKay | 132.5 | 129 | -2.6 |
15 | 21 | Burford | 100.5 | 97.5 | -3 |
16 | 17 | CNC | 84.5 | 79 | -6.5 |
17 | 28 | Pillar | 278 | 258.5 | -7 |
18 | 13 | Saville Gordon | 60 | 55.5 | -7.5 |
19 | 44 | Raglan | 27.75 | 25.25 | -9 |
20 | 30 | St Modwen | 71.5 | 65 | -9.1 |
21 | 25 | London Merchant Securities | 118.5 | 107 | -9.7 |
22 | 27 | Warnford | 260 | 232.5 | -10.6 |
23 | 49 | Grantchester | 159 | 141.5 | -11 |
24 | 18 | Barlows | 55.5 | 48.5 | -12.6 |
25 | 22 | Helical Bar | 556.5 | 477.5 | -14.2 |
26 | 4 | Dencora | 202.5 | 173.5 | -14.3 |
27 | 45 | Grainger Trust | 335 | 284.5 | -15.1 |
28 | 52 | CLS | 133 | 110 | -17.3 |
29 | 31 | Capital Shopping Centres | 410 | 337 | -17.8 |
30 | 40 | Great Portland Estates | 240 | 196 | -18.3 |
31 | 54 | Allied London | 91 | 74 | -18.7 |
32 | 51 | Shaftesbury | 218 | 175.5 | -19.5 |
33 | 37 | Warner | 251.5 | 201.5 | -19.9 |
34 | 32 | Rugby | 157.5 | 126 | -20 |
35 | 20 | Land Securities | 970 | 774 | -20.2 |
36 | 19 | Peel | 650 | 517.5 | -20.4 |
37 | 53 | Derwent Valley | 571 | 454 | -20.5 |
38 | 33 | Slough | 343.5 | 273 | -20.5 |
39 | 43 | Frogmore | 479.5 | 381 | -20.5 |
40 | 62 | Minerva | 211 | 167.5 | -20.6 |
41 | 48 | Brixton | 213.5 | 169 | -20.8 |
42 | 56 | Greycoat | 217.5 | 172 | -20.9 |
43 | 64 | Cleveland Trust | 107 | 84.5 | -21 |
44 | 24 | MEPC | 509.5 | 400 | -21.5 |
FT PROPERTY | 2138 | 1669 | -21.9 | ||
45 | 42 | Milner Estates | 271.5 | 211.5 | -22.1 |
46 | 39 | Scottish Metropolitan | 96.5 | 74 | -23.3 |
47 | 55 | Asda | 163.5 | 124.5 | -23.9 |
48 | 65 | Quintain | 201.5 | 150 | -25.6 |
49 | 58 | James Smith Estates | 125 | 92.5 | -26 |
50 | 61 | Bradford | 277 | 202 | -27.1 |
51 | 38 | Hammerson | 472.5 | 344.5 | -27.1 |
52 | 35 | Development Securities | 283.5 | 201.5 | -28.9 |
53 | 59 | Chelsfield | 345 | 245 | -29 |
54 | 46 | English & Overseas | 20.5 | 71.5(*) | -30.2 |
55 | 47 | Marylebone Warwick Balfour | 104.5 | 71.5 | -31.6 |
56 | 36 | Daejan | 1607.5 | 1085 | -32.5 |
57 | 67 | Evans of Leeds | 146 | 98.5 | -32.5 |
58 | 50 | Bourne End | 53.5 | 36 | -32.7 |
59 | 57 | Capital & Regional | 254 | 168.5 | -33.7 |
60 | 34 | British Land | 681 | 447 | -34.4 |
61 | 68 | Wates | 112.5 | 72 | -36 |
62 | 41 | Chesterfield | 595.5 | 377.5 | -36.6 |
63 | 16 | Moorfield | 27.5 | 16.5 | -40 |
64 | 66 | Tops Estates | 192.5 | 115.5 | -40 |
65 | 60 | Regalian | 28.25 | 16.5 | -41.6 |
66 | 63 | Town Centre | 105.5 | 60.5 | -42.7 |
67 | 70 | Hampton Trust | 31 | 17 | -45.2 |
68 | 69 | Benchmark | 243.5 | 130.5 | -46.4 |
69 | 71 | Hemingway | 46.5 | 24.75 | -46.8 |
* new price after a one-for-five share consolidation |
Surveying firms’ share performance – 1998 | |||||
Fourth-quarter ranking | Third-quarter ranking | Price(p) 1 July | Price(p) 31 July | % rise | |
1 | (1) | Lambert Smith Hampton | 99.5 | 130 | 30.7 |
2 | (2) | Fletcher King | 37 | 33.5 | -9.5 |
3 | (4) | Debenham Tewson & Chinnocks | 95.5 | 85 | -11 |
4 | (3) | Savills | 111.5 | 97 | -13 |
5 | (5) | Chesterton | 31 | 17 | -45.2 |
Lambert Smith Hampton was the only one of the five quoted surveying firms to see its shares rise last year. It took over from Debenham Tewson & Chinnocks (holding company for DTZ Debenham Thorpe) as the top surveying share after producing solid financial results – a 35% increase in pre-tax profits in the year to 31 July. DTC, along with Savills and the smaller Fletcher King, had fairly dull years, all falling by around 10%. Worst performer was, not surprisingly, Chesterton, which is trying to come back after losing £7m in 1997. Last year’s losses were reduced to £2.1m, but a potential merger with Summit Group fell through in April. | |||||
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