Oakdene Homes’ Newhaven Marina development, in East Sussex, could yield a large dividend for shareholders, according to the City.
It paid £113m for the site which traders believe could be worth substantially more if it wins planning permission for 640 homes.
The upbeat nature of the speculation failed to help the shares, however, which fell back 1.7% to 143p.
References: Financial Times 25/05/06 page 42 (Small-Caps)
