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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Town Centre - Retail property developer signals worst may be over

June 2009

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:
  • TCSC
  • Price:
  • 125p
Retail property developer Town Centre has enjoyed the recent improvement in investor sentiment as much as any with the shares already double their low of 58p plumbed in February. But while most of its peers daren't be the first to call the bottom, Town Centre has been braver than most. Buried away in the text of a trading update this month was the comment that while property values have fallen slightly further at the start of this year, the trend of outward movement in yields may have run its course. Translated into plain English this means the worst could now be over and given that the market always looks 12-18 months ahead, attention will shortly turn to the fact that the shares still trade at a whopping 54% discount to its net asset v ...

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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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