A consensus stock from a unique research team. No gurus, no magic. Just the best stock from a consensus of experts. Find out more and how to subscribe. London Merchant Securities PLC is divided into property development as well as capital investment.
Investments sit in the accounts at cost.
Real estate is re-valued annually. On a per share basis, we have shareholders' funds of 220p per share, that compared to the 179p last year, and total shareholder funds of 658 million compared with 534 million last year. It is largely the result of our own developments over the last 40 years, which we have retained, so the majority of core income comes from central London offices, and that is where the bulk of the re-investment will be over the course of the next five years. We have significant holdings in areas of central London, Caledonian, and Fitzrovia, in which the, for want of a better word, new economy companies are very interested, because those areas display a sort of live-work environment that they want. There are several schemes which are under consideration at the moment from that central London stock, which could produce somewhere between 100,000 and 250,000 square feet of development over the next year to four years.