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Buy Sirius's gaping discount

Shares in Aim-traded property company Sirius Real Estate (SRE) are going so cheap that, for bold investors, it now looks worth taking on looming financing risks. The shares currently trade at little more than half house broker Peel Hunt's cautious estimate of book value for next March. With rents on an upward trend and property valuations showing signs of bottoming out, this huge discount looks too wide given recent progress on refinancing and the potential for further positive news in coming months to put a rocket under the shares.

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By Stephen Wilmot,
05 September 2013

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