Appreciate Group Plc (LON: APP) has completed the sale of Budworth Properties Ltd. The said company is a Group subsidiary which owns the land and buildings located at Valley Road, Birkenhead.
- The disposal was made to HP (Valley Road) Limited for a cash consideration of £3.2 million. The consideration for the disposal, are in line with company’s expectations of the carrying value to be reported as at 31 March 2020.
- The non-cash impairment charge of £1.8 million is as per the guidance on impairment charges that were provided in the Group's year-end trading update on 30 April 2020.
- The company has also reported that the land and buildings had been held on the Group's balance sheet as an asset held for sale.
- On 11August 2020, at the time of writing, GMT 08:09 AM, APP shares were trading at GBX 34.50, unchanged against the previous day closing price.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.