News blog
Oak Holdings
- BY: Andrew Hore |
- POSTED: 09/02/2011 |
Property adviser and developer Oak Holdings is in discussions with its banks and possible equity investors following the termination of the YES project by Rotherham Metropolitan Borough Council.
Oak has total liabilities of £1.9m and requires extra capital to push ahead with its other projects and opportunities. A number of loans are secured on assets.
The main revenue generator is the Rother Valley Country Park, which is on 1,097 acres near the proposed YES project site and attracts 900,000 visitors a year. Enhancing the facilities could increase revenues.
The Ringwood Town & Country Experience has not traded well in the past year but management believes that it can return to profitability. Oak Heritage has a number of historic vehicles that it can restore and sell, as well as providing restoration services to third parties.
The property consulting business is working on two projects. One of them generates cash and the other could provide a profit when the site is sold.
Oak still owns the access site to the YES project and this will be valuable when an alternative developer comes along.
All of these operations are relatively small. Oak is even considering finding a business to reverse into it.
At 2.5p a share, down 0.375p, Oak is valued at £1.39m.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|