NEW PROPERTY KIDS ON THE BLOCK
Adrenna, Annuity and Ardor. Have you heard of any of these listed companies before? I hadn’t. They are new property stocks on the market and that’s only the few which I don’t recognise – there are dozens more. The property sector has been f lying and this has created a listing boom of note as companies scramble to l ist and raise cash from a booming market. As sure as day follows night, a listing boom always ends in tears, so be careful with these new kids on the block. Sure there are some great companies and great assets but price collapses are a real possibility. That said, I’m not saying the fall-out is just around the corner (or that it has even started), I have no idea when it’ ll happen – just that it will. email@example.com
@SimonPB * The writer holds shares in MTN.