26 Oct | Purchase – Workspace Group
We’re dipping a toe in the London commercial property leasing market with the second of our buys from last week, taking up 4,300 shares in Workspace Group (WKP.L).
Quite a few years ago after doing a little homework I’d earmarked Workspace Group as a company to watch and placed it in a ‘to-watch’ portfolio. At the time the share price was consistently testing new highs all the way up to five quid.
Then one day in 2007, all that changed…
It’s a classic chart, there’s no doubt about it.
Since hitting rock bottom at the beginning of 2009, it’s been a bit of a slow burner – trading within a quite a narrow range for the last 12 months especially. Coupled with this period of consolidation is increased volume, as shown by the corresponding red and blue lines below the graph in the chart above. In fact volume is markedly higher today than at any time during the share price’s surge from 2005 through 2007.
Then there’s a little thing called the London Olympics 2012 to factor in. Nothing wrong with the eyes of the world turning to the city where you lease your space to add a little spice to your share price. So fingers crossed for some nice mid-to-long-term gains with Workspace Group.
Thanks again for dropping by. Remember, I am very much an amateur personal investor who gets it wrong as often as he gets it right. Nothing I say constitutes financial advice. If you’re after a sure thing, head on over to Kiva and help a third world entrepreneur get up and running. I guarantee it’ll make you feel good.