Updates

Workspace

July 2007

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.

Results from Workspace, the provider of flexible office space to small and medium sized businesses, have been somewhat overshadowed by concerns about a rise in the cost of borrowing and the shares have not escaped a wider de-rating in the property sector. Nevertheless, its final results were creditable.For the year ended 31 March, net asset value (NAV) per share rose 43% to 340p, while pretax profit fell 24% to £112.5m. Underlying trading profit before re-valuation surpluses also fell one third to £10.2m, reflecting higher interest charges, more national insurance costs and initial dilution from acquisitions. Once again Workspace benefited from a revaluation surplus of £95m, 70% of which came from higher rents an ...

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

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 (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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