Updates

Workspace - Protect gains with stop-loss

January 2016

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.

Solid interims from Workspace, with adjusted trading profit rising 65% to £20.4m and eps increasing 49% to 12.5p. Net asset value (NAV) per share rose almost 13% to 792p. Borrowings are conservative with loan to value just 20% while a bank refinancing saw cost of debt reduced from 5.4% to 4.8% and the maturity extended from June ’18 to June ’20.The group, which provides flexible office space to around 4,000 SMEs across London, increased net rental income 29% to almost £36m. Like-for-like rent roll rose 8.8% to £49.7m, rent per sq. ft increased 11% to £20.68 while underlying value of its property portfolio rose 9.6% to £1,631m.During the period it made £101m in new property purch ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Marstons - Fall in net debt / EBITDA

Howden Joinery - 12.8% surge in underlying sales

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

Workspace - NAV jumps 20% to 597p per share (January 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.

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