Goldbug100 - 56p´s worth of Assets for 13p - Safeland plc (SAF.L)

Last week the fund "averaged out" it´s holding in Safeland (SAF.L) by 47% at a price of 13p per share. The problem is that there is not much of a market in these shares and hence the spread is wide.

If our memory is correct the asset price was double what it is today and the share price was about 100p - see 5 year graph at Yahoo.

Description

Safeland plc is engaged in property trading, property refurbishment, including redevelopment, property investment and property fund management. The Company operates in two segments: Property trading, refurbishment and investment, and Fund management. Its principal subsidiaries include Safeland Active Management Limited, which is engaged in property fund management, and Safeland Investments Limited, which is engaged in property investment. As of March 31, 2010, the Company held 50% interest in Guilford Street Joint Venture, which is a contractual agreement between Safeland plc and Amek Investments Limited. Guilford Street Joint Venture is principally engaged in property trading and development. As of March 31, 2010, the Company held 60% interest in Safeland Property Fund Management Joint Venture. Safeland Property Fund Management Limited (SPFM) is a joint venture between Safeland plc and Electra Investors Limited.

Company website:
http://www.safeland.co.uk/

Analyst Estimates - BusinessWeek

Options - MarketWatch

Research Reports - Reuters

Director Dealings - Yahoo Finance

"Despite the fact that there has only been a small upturn in the Global economy and the UK property market remains volatile, new opportunities have emerged recently which Safeland has been able to take advantage of.

The past year has been a time of going back to basics and making low risk investments in markets we are familiar with, and Safeland has achieved this by carrying out a number of successful small developments in local areas.

These new projects are small shoots in what remains fragile soil, but at Safeland we believe that sticking to what we know best will enable us to maintain stability until the current economic turmoil subsides.

We remain cautiously optimistic about the year ahead" Safeland plc Annual Report and Accounts 2010

Not one for widows and orphans

but a recovery it London Property predicted by British Land

British Land Co - Telegraph.co.uk

British Land soars on rapid recovery. British Land has outlined the rapid ... For an overseas investor, the bombed-out UK commercial property market is an ... British Land shares climb on speculation that the UK property company is being ... AOL merger was 'the biggest mistake in corporate history', believes Time ...
www.telegraph.co.uk/finance/newsbysector/epic/blnd/ - Similar

Reita.org REIT - UK REITs - Real Estate Investment Trust and ...

The British Land Company plc - First quartner results - 04/08/10 ... "The Group is currently enjoying a recovery which we believe will show an improving trend .... The year saw a dramatic turnaround in the UK commercial property market, ...
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