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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Unite Group - Property disposal boosts student accomodation provider

November 2004

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:
  • UTG
As the chart below shows, shares in Unite, the leader in the development and letting of affordable, high quality student accommodation, are building up a head of steam following a period in the doldrums. Up until two years ago, Unite had fashioned an impressiverecord with its net asset value (NAV) increasing from 50p in 1998 to 286p in 2002. However, subsequent concerns over its high levels of gearing forced it to slow its rate of expansion and the resulting investor backlash took the shares down to a level where the discount toNAV was 60%. But things are now looking up, with last month's interim results showing a return to profit, while the recent disposal of five accommodation blocks for nearly £50m has seen balance sheet fears recede ...

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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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