TIDMHCFT 
 
RNS Number : 1043S 
Highcroft Investments PLC 
12 May 2009 
 

Highcroft Investments PLC 
 
 
Interim Management Statement in respect of the period 1 January 2009 to 12 May 
2009 
 
 
The board of Highcroft Investments PLC today approved the following statement in 
respect of the current trading period which will end 30 June 2009. 
 
 
As shareholders know, we have been adopting a cautious stance for some time now 
as regards both our property portfolio and our equity holdings reflecting our 
long term conservative view and our shorter term worries as to economic trends. 
 Apart from the strategic purchase of a small property in Oxford High Street in 
January, placed between two of our long-standing retail properties, there has 
been no further property acquisitions as we remain circumspect on current values 
in the sector. 
 
 
Our focus continues to be on resolving the property voids in Warrington and 
Yeovil through attracting new tenants and/or some reconfiguration of the units 
and on monitoring the collection of rents from existing tenants where there has 
been some pressure to move from quarterly payments, though not yet at a 
significant level. The lack of significant gearing (medium term borrowings are 
now only GBP1.2m) gives us the flexibility to continue to take a medium and 
longer term view and to look at opportunities in what remains a delicate market. 
 We have been small net sellers of equities and the most recent portfolio 
valuation is GBP7.3m as we tracked the falls in the early part of this year and 
the subsequent rebound. 
 
 
While visibility on the property valuation front and the equity outlook remains 
more than usually opaque we are wary of how the economy will impact on our 
tenants and on the dividend policies affecting our equity holdings. 
 
 
 
 
 
 
 
 
 
 
For further information, contact: 
 
 
Highcroft Investments PLC 
John Hewitt     01865 840023 
 
 
Charles Stanley Securities 
Philip Davies                          0207 149 6000 
 
 
12 May 2009 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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