Small Cap Value Report (19 July 2016) – RCDO, ENTU, STAF, SFE, PEN, IDEA, BRY, GTLY, DPP | Paul Scott | Stockopedia

Brexit impact – this is probably the most important issue of the moment, determining what shares are worth, so I will continue to focus closely on what is happening. Evidence is mounting that we’re not heading for any imminent catastrophe.

An example – one of America’s largest banks, Well Fargo, has just agreed to buy an 11-storey London office building for c.£300m. That’s surely a good endorsement of their perception of London remaining a major international finance centre.

In a similar vein, an update from British Land (LON:BLND) yesterday was reasonably reassuring.

So the market is perhaps pricing-in too much of a downturn? Who knows, time will tell. I’m tempted to dabble though, as the discount to NAV should reduce if confidence returns.

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Read more: Small Cap Value Report (19 July 2016) – RCDO, ENTU, STAF, SFE, PEN, IDEA, BRY, GTLY, DPP | Paul Scott | Stockopedia

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Mike Rawson

Mike is the owner of 7 Circles, and a private investor living in London. He has been managing his own money for 35 years, with some success.

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Small Cap Value Report (19 July 2016) – RCDO, ENTU, STAF, SFE, P…

by Mike Rawson time to read: <1 min
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