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Kc Reit Ord 1p

07:57 on 22/11/2017

Current Price 9.15p | Bid 8.50p | Ask 9.50p | Change 0.00%

Company Overview

K&C REIT plc's objective is to build a substantial residential property portfolio that generates secure income flow for shareholders through the acquisition of SPVs holding residential property assets with historic capital gains. The directors of K&C REIT intend that the Company will acquire, develop and manage residential property assets in Central London. The Directors expect the Company to qualify as a REIT (real estate investment trust) on admission to AIM. K&C REIT has agreed to acquire Silcott Properties Limited for a consideration of £3.6 million payable in cash and shares, conditional on admission to AIM. Silcott Properties Limited is the owner of a 3,976 sq. ft. residential building in Chelsea, London, comprising ten studio apartments, which was recently valued at £4 million. The Group also owns a further three smaller properties. The board of K&C REIT expects to complete further portfolio acquisitions within three to six months of admission to AIM.

Stock Details

Shares in Issue 43,785,623
Market cap £ 2.85m
Sector Real Estate Investment Trusts
Indices FTSE AIM All-Share Index

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Price Summary

Mid Price ? 9.00p
Bid Price ? 8.50p
Ask Price ? 9.50p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 9.00p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 0.00p
52 Week Low 0.00p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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