Market's view on Workspace
Published on April 2024
- A stock watcher anticipates that if UK inflation tops, the company’s share could nearly double, citing stable rent and occupancy.
- There is optimism about the company benefiting from WeWork’s issues, as displaced tenants may need new spaces.
- A stock watcher noted that decent inflation figures should have buoyed the company’s stock, but trading remained minimal.
- Recent business updates are seen as reassuring despite a dip in share prices due to dividend distribution.
- Concerns were raised about the company selling substantial property at a 27% discount from recent valuations.
- Positive views on a solid trading update, although the sector is currently unfavoured.
- The potential vulnerability to a takeover bid at current valuations was highlighted.
- It has been pointed out that the company’s assets, particularly in London, should retain value better than those in less desirable locations.
- Confidence in the company’s strong performance in spite of a challenging environment, with a noted low debt level and healthy occupancy rates.
- There is a sentiment that the company’s stock is undervalued, presenting a good buying opportunity, with further optimism tied to falling interest rates.