Buy the break-out

Simon Thompson

Simon Thompson
Buy the break-out

Imagine being able to buy shares in a property company sitting on a prime investment portfolio worth £1.27bn, mainly located in London and New York, for a fraction of the underlying value of those assets. And don’t for one minute think this company has financial problems to justify why its shares are trading on a deep 38 per cent discount to book value. It clearly doesn’t as net borrowings of only £176m secured against these properties at the end of September represent a miniscule 20 per cent of shareholders funds.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now