Shaftesbury Capital PLC (LSE:SHC)
£ 1.338 -0.011 (-0.82%) Market Cap: 2.61 Bil Enterprise Value: 4.04 Bil PE Ratio: 61.95 PB Ratio: 0.75 GF Score: 79/100

Full Year 2018 Capital & Counties Properties PLC Earnings Call Transcript

Feb 27, 2019 / 09:30AM GMT
Release Date Price: £2.51 (-1.76%)
Ian David Hawksworth
Capital & Counties Properties PLC - CEO & Executive Director

Okay, good morning. It's 9:30, so I suggest we crack on. I know you've all got a busy day. I think there's 1 or 2 people joining a little bit later from the U+ I results, which I think are over the rate. So a very good morning to you all. Welcome to our annual results.

Today, we have a reasonably full agenda. I want to start with an update on the possible demerger. We'll then take you through the results. Situl will present the financial review. I'll report on Covent Garden. And then Gary will run through Earls Court and we'll finish with questions.

So I think you're aware that through 2018, we've been considering the most appropriate structure for the group. And the board took the decision to consider a possible demerger. And I'm pleased to say that preparations are now well advanced and the demerger could be implemented promptly.

We've also received various proposals in relation to the sale of certain of our interests in Earls Court. And we've held a number of discussions with parties

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