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Conygar

August 2023

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.

  • Epic Code:
  • CIC
  • Price:
  • 106p
It’s been tough going for property developers facing rising borrowing costs and reducing valuations. Nevertheless, Conygar has navigated the choppy waters fairly well with interim results for the six months ended March. NAV only fell £2.3m to £122.3m for NAV per share of 205p. The flagship development (and reason for my buy note) is its Island Quarter site in Nottingham. Having secured a £47.5m (3 year) agreement with Barclays Bank last December it has the funds to build out student accommodation (693 beds), targeted for completion May next year. It also has planning for 247 build to rent apartments and 30,000 sq. ft. of co-working space. Most recently, in May it gained planning consent for a 249,000 sq. ft. bioscience building wh ...

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Related Articles

Conygar Investment (February 2023)
Conygar Investments - Key planning permission granted (August 2022)
Conygar - Nottingham property development could multi-bag NAV (February 2022)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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