Henry Boot (BHY) expects profits for 2014 to be above previous estimates, following two strategic land sales. The group specialises in bringing land through the planning process and selling it 'oven ready' to hungry builders, so the timing of such sales tends to make the revenue stream a little lumpy.
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In October, it revealed that negotiations were at an advanced stage on nine land sales for 2015, but two of these have now been completed in the current financial year. Consequently, analysts at Numis Securities have upgraded their forecasts for the current year to pre-tax profits of £26.3m and EPS of 14.1p (from £18.4m/8.5p in 2013).
