Grand Harbour Marina plc
Grand Harbour Marina plc - Quote
|Closing Price (€)||1.850||Change (€)||0.000|
|TWAP (€)||0.000||No. of Trades||0|
|Day's High (€)||0.000||Change (%)||-0%|
|Day's Low (€)||0.000||Turnover (shares)||0|
|E.P.S (€)||0.149||Shares in issue (000)||10,000|
|P/E Ratio||12.42||Market Cap. (€000)||18,500|
|Gross Div. Yield (%)||7.37||Gross Dividend (€)||0.136|
|NAV per Share (€)||0.472||Indicative Div. Date||March|
|Price to NAV (times)||3.920||Dividend Cover (times)||1.240|
|2013 High (€)||1.980||2013 Low (€)||1.820|
Grand Harbour Marina plc - Profile
Grand Harbour Marina plc was incorporated on 31 August 2000 and became a public limited company on 12 January 2007. The Company entered into a deed of sub-emphyteusis on 4 September 2001 with Cottonera Waterfront Group plc, pursuant to which it acquired the rights to develop and subsequently operate the Grand Harbour marina, develop the surrounding land and buildings and operate the ancillary facilities located in Vittoriosa, Malta. Following issuance of development permits in January 2003, the Company was involved in the development of the marina and related facilities geared for the berthing of yachts with a focus on super-yachts. The Company completed the first pontoons in 2003 and in 2004 while still developing other parts of the project, launched the super-yacht berths at Vittoriosa Wharf, Machinery Wharf and Xatt ir-Risq and then launched the marina in autumn 2005 after completion of the super-yacht berths at St. Angelo Wharf.
The principal activities of the Company are the development, operation and management of marinas with a focus on super-yachts. Currently the Company operates only one marina in the Grand Harbour. Its main area of business is seeking prospective customers to berth their vessels within the Grand Harbour marina and provide a high-quality service as required by the yacht owners, captains and their crews.
Grand Harbour Marina plc is operated and managed by Camper & Nicholsons Marinas Limited, an internationally-known company which has a strong expertise in this sector and manages various marinas worldwide.
The marina has a capacity of 197 pontoon berths for vessels ranging from 8 to 25 metres in length, and a total of 33 berths for super-yachts ranging from 30 to 100 metres (12 berths of which have been sold on 25-year leases with a combined value exceeding €31 million).
During 2007 the Company finalised the development of the Capitanerie providing a location for administration offices, meeting areas for yacht owners and crew members as well as other facilities for servicing customer requirements.
Grand Harbour Marina is continuously reviewing the configuration of the marina in order to make optimal use of the area and maximise the value of the Company’s assets. In fact, given the strong waiting list for pontoons, the Company temporarily converted the smaller super yacht berths at Xatt ir-Risq into pontoons to accommodate an additional 24 pontoons.
On March 2011, Grand Harbour Marina announced that it has entered an agreement with its majority shareholder, Camper and Nicholsons Marina Investments Limited, to acquire 45% shareholding of Cesme Marine in Turkey for a total consideration of €4.4 million. The Turkish marina comprises of 373 berths for yatchs up to 60 m in length and a shopping village containing 6,000 sqm of retail area.
The Directors of Grand Harbour Marina plc are: Lawrence Zammit (Chairman), Nicholas Maris, Roger St.John Hulton Lewis, Christopher Lewinton, Franco Azzopardi, David Martin Bralsford and Louis de Gabriele (Company Secretary).
The equity of Grand Harbour Marina was admitted to the Official List of the Malta Stock Exchange on 1 March 2007, following an Initial Public Offering of 3,000,000 ordinary shares (30% of the total issued share capital) at a price of €1.6306 per share.
On 22 June 2007, Camper & Nicholsons Marina Investments (CNMI) Limited, the closed-ended fund listed on the Alternative Investment Market of the London Stock Exchange, acquired 70% of Grand Harbour Marina at a price of €1.3044 per share from the Company’s majority shareholders. In terms of Listing Rule 18.8, CNMI made a Mandatory Bid to acquire the remaining 3,000,000 GHM shares held by the General Public at a fixed price of €1.7354 per share. On 9 August 2007, it was announced that pursuant to the Mandatory Bid, CNMI acquired a further 917,209 shares (9.17% of the issued share capital), thereby increasing their equity stake to 79.17%.
Grand Harbour Marina plc - Financials
|Grand Harbour Marina plc
|Grand Harbour Marina plc
News for Grand Harbour Marina plc
40-metre Berth Sale
Interim Directors’ Statement
Malta’s strategic positioning as a superyacht homeport
30 metre Berth Sale at Grand Harbour Marina
Interim Directors’ Statement
GHM expands into Turkey
Grand Harbour Marina plc - Downloads
- Grand Harbour Marina plc - 2012 Annual Report (625.7 KiB, 14 hits)
- Grand Harbour Marina plc - Investor Fact Sheet - December 2012 (162.6 KiB, 76 hits)
- Grand Harbour Marina plc - Investor Fact Sheet -June 2012 (134.0 KiB, 184 hits)
- Grand Harbour Marina plc - 2011 Annual Report (650.8 KiB, 335 hits)
- Grand Harbour Marina plc - 2011 Brochure (7.1 MiB, 235 hits)
- Grand Harbour Marina plc - Investor Fact Sheet (123.8 KiB, 302 hits)
- Grand Harbour Marina plc - 2010 Annual Report (711.8 KiB, 318 hits)
- Grand Harbour Marina plc - Bond Issue Presentation - Janaury 2010 (5.8 MiB, 937 hits)
- Grand Harbour Marina - Initial Public Offering Presentation January 2007 (3.8 MiB, 935 hits)
- Grand Harbour Marina - Initial Public Offering Document February 2007 (3.3 MiB, 1,106 hits)
|Shares in Issue:||10,000,000|
|Main Subsidiaires:||IC Çeşme Marina Yatirim, Turizm ve Işletmeleri Anonim Şirketi (45%)|
|Top Shareholders:||Camper & Nicholsons Marina Investments (79.17%)|