Updates

Workspace - Shares close in on Â£10

August 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in flexible office space provider Workspace soared to a new high of 978p, to stand almost 400p above our tip price, following results that were slightly ahead of expectations.Workspace, which focuses exclusively within London, increased net asset value (NAV) per share by a massive 42% to 703p, driven by a 30% valuation uplift to £328m and £137m increase in completed projects and refurbishments.Adjusted trading profit after interest rose 30% to £26.6m, while eps increased 24% to 17.2p. Net debt was £270m (loan to value down from 31% to 19%) while as at 31 March it had undrawn facilities of £140m.The estate, which consists of 42 properties, mainly business centres and industrial estate ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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