Tue, 05 Aug 2008
6th Podcast – Paul
Apologies for not making the recent filming. David came in with another property play with Hirco, which he also then tipped in the FT Money Supplement. Research on the boards suggests that the discount to NAV is not as great as David would suggest. The NAV excluding any unrealised profits in the investment companies would move the discount down. There is still a very substantial discount but I am not sure I am interested in the company.
Accsys, another growth play in a time people are looking for value. The timber product is already selling very well, it is a shame that the product is appearing at the wrong stage of the economic cycle, this is what would concern me the most combined with the high price. However, the company has not let down on its promises like many tech companies and as a result is being added to my holding again.
posted at: 11:33 | path: | permanent link to this entry