News blog

Trust Property Management

• BY: Andrew Hore |
• POSTED: 25/09/2014 |

Residential and commercial property manager Trust Property Management, which left Aim at the beginning of 2009, has put itself up for sale.

Trust Property Management has appointed Bluebox Corporate Finance to assess strategic options and this is likely to include talks with third parties.

Trust Property Management moved back into profit in 2009-10 and it has been profitable every year since then. In the year to March 2014, pre-tax profit was £539,000. In recent years the company has consistently paid a dividend of 0.27p a share.

Trust Property Management was valued at just under £3m at the 2007 flotation price of 10p a share. Since then, the number of shares has increased from 2.94m to 3.77m. The NAV was £4.59m at the end of March 2014 and this includes cash of £1.42m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2014_60.pdf