BRG Braemar

 

TIDMBRG 
 
RNS Number : 9835P 
Braemar Group PLC 
02 April 2009 
 
2nd April 2009 
Braemar Group plc ("Braemar" or "the Company") 
 
 
TRADING UPDATE 
 
 
Braemar Group plc ("Braemar" or the "Group") today provides the following end of 
year trading update. Preliminary results for the year ended 31 March 2009 will 
be announced in early June 2009. 
 
 The Group has made the following key 
achievements in the second half of the year ended 31 March 2009: 
 
Braemar 
Securities 
We have further diversified our range of funds to include Agricultural Land, 
Student Accommodation and Ground Rents, the latter being launched early in the 
new financial year. All three funds take the form of Guernsey registered Open 
Ended Investment Companies. This move to list funds on the Channel Islands Stock 
Exchange has increased our funds under management markedly during the last year. 
Income is derived from these funds through a blend of initial and recurring 
annual management fees. 
These structured products, which we have launched as public funds, are proving 
attractive to IFAs and other advisors who promote on our behalf. Momentum has 
gained throughout the last 12 months, especially since the launch of our Student 
Accommodation OEIC, which has reported an increase in net assets per share of 
23% since inception in November 2008. 
Braemar Estates 
Our property management division, now responsible for the management of c. 
GBP250m of assets, representing some 2,500 apartments, has proved resilient 
during the wider property downturn, particularly as our activities are limited 
to the management or refurbishment of assets we own, assets in funds we manage 
and third party owned freeholds. 
Growth in this business during the year was buoyed towards the end of the year 
with the acquisition of Manchester Ground Rent Company Limited, details of which 
were announced on 3 March 2009, which the division will now manage. 
Financial Outcome 
 
 Having already reported a loss in the first half, the 
Directors are pleased that the above achievements are providing a more stable 
footing for the Group. This will be reflected in revenue growth in the year just 
ended, with a more balanced income profile throughout the year, and in a build 
up of recurring income. As fund raising continues, the Directors expect trading 
will have strengthened further by the time of our preliminary results 
announcement, which is expected to be in early June. 
 
 For further 
information please contact: 
 Martin Robinson, Chairman, Braemar Group 
plc 
 Marc Duschenes, Chief Executive, Braemar Group plc 
 Julie Serrage, 
Investor Relations, Braemar Group plc 
 Tel: 0161 929 4969 
 
 Alex 
Clarkson/Nick Cowles, Zeus Capital 
 Tel: 0161 831 1512 
Stuart Forshaw, WH Ireland Tel: 0161 832 2174 
Notes to Editor: 
 
 
Established in 2001 and quoted on AIM in December 2005, Braemar Group plc, 
through its two core divisions Braemar Securities Limited and Braemar Estates 
(Residential) Limited, creates and manages a range of real estate investment 
funds. 
 
Braemar Securities 
Braemar Securities specialises in fund raising for public and private companies. 
It sponsors and operates a range of property investment funds for the Group and 
for third parties. Braemar designs, promotes and manages innovative structured 
financial products and promotes its funds to high net worth individuals, via 
IFAs and other regulated entities. 
 
Braemar Estates 
Braemar Estates is responsible for the property management for Group funds and 
also manages a diverse leasehold portfolio of approximately 2,500 residential 
properties with a combined worth of over GBP250 million in the UK on behalf of 
freeholders and leaseholders. In addition, it provides a full management service 
to ten residential property funds operated by Braemar Securities. 
 
 
Website: 
www.braemar-group.co.uk 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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