Now’s your chance

Finweek English Edition - - MARKETPLACE -

This stock is trad­ing at 52-week lows af­ter a mas­sive run dur­ing 2015 saw it dou­ble in price. The driv­ers of the re­cent sell-off are in part the run-up in 2015, the re­cent rand strength against the pound and con­cerns about the Brexit ref­er­en­dum in late June (also see page 18).

In truth this re­mains a com­pany with some of the best prop­erty as­sets in the world as it owns key as­sets in Covent Gar­den and Earls Court es­tates. The old cliché, “Buy land, they’re not mak­ing it any­more,” not only rings true, but the prop­erty in ques­tion is also in some of the most prime parts of Lon­don and the world. Of the three is­sues listed, only the stronger rand re­ally is a con­cern and it is pos­si­ble that it will strengthen fur­ther. But longer term the rand will weaken and this com­pany will still own some of the world’s best prop­er­ties. If you own the stock al­ready, hold onto it. If you ever wanted to buy some Cap­i­tal & Coun­ties, here’s your chance to get some at lower prices.

The Southamp­ton and The Beecham, Capco's lat­est lux­ury res­i­den­tial con­ver­sions, came to mar­ket for rent and sale in 2014.

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