Updates

Workspace - NAV jumps 20% to 597p per share

January 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 Workspace, which lets out flexible office space to SMEs in London, went through £7, buoyed by the capital’s robust economy and likelihood that interest rates will be kept lower for longer in 2015. Interims also beat forecasts with pretax profit rising 61% to £65.9m, helped by a 15% revaluation of its portfolio to £1,230m. Net asset value per share rose 20% to 597p (ahead of Investec’s forecast for 541p).Underlying pretax profit rose 28% to £12.4m, thanks to a 6.5% jump in rent roll to £42.4m. Like-for-like occupancy was unchanged at a high 90%, while demand for space helped it squeeze rents 6% higher to £15.47 per sq. ft.Nine refurbishment and redevelopment projects we ...

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Telecom Plus - Peel Hunt has Â£20 price target

Workspace - Protect gains with stop-loss (January 2016)

Workspace - Shares close in on Â£10 (August 2015)

Workspace - Flexible office space provider sees NAV rocket (August 2014)

Workspace - Flexible office space provider going great guns (July 2014)

Workspace (July 2007)

Workspace (April 2007)

Workspace - Flexible office space provider eyes massive redevelopment gains (September 2006)

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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