Stewart & Wight PLC Interim Management Statement (2125J)
September 07 2016 - 5:52AM
UK Regulatory
TIDMSTE
RNS Number : 2125J
Stewart & Wight PLC
07 September 2016
STEWART & WIGHT PLC
845 FINCHLEY ROAD, LONDON NW11 8NA
TEL: +44 (0)20 8455 1111 FAX: +44 (0)20 8455 9191
ANNOUNCEMENT
Interim Management Statement
7 September 2016
In today's Interim Statement the Directors of Stewart &
Wight plc announce an update on trading as follows:-
1. All of the Company's properties are let and the tenants are up-to-date with their rents.
2. Since June, the Company has sold both of its properties in
South Shields - one at a gain of approximately GBP40,000 over its
valuation at 31 March 2016 and the other at a loss of approximately
GBP30,000.
3. Planning permission has been obtained for the erection of
three studio apartments at the rear of the Company's property in
Weybridge. The Board are evaluating whether to carry out the
development.
4. Since the beginning of the year, we have seen a noticeable
increase in demand from retailers for
units in a number of towns. However, the market remains uncertain.
5. There appears to be greater interest in retail investments
valued below GBP1m from private investors seeking to receive a
realistic return on their savings.
David Cramer
Director
For enquiries about buying and selling shares in Stewart and
Wight Plc please contact Mr Lawrence Marshom , Walker Crips
Stockbrokers Limited, Finsbury Tower,103-105 Bunhill Row, London
,EC1Y 8LZ.Telephone:44 (0)20 3100 8660
This information is provided by RNS
The company news service from the London Stock Exchange
END
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