UK Small Cap (prime real estate worth more than the market cap)

Growing dividends, share buy backs, 70-100% upside to fair value.

Welcome to another edition of ROE The Boat.

Thanks to all those who have recently become paid subscribers.

For this issue we’re sailing to the British Isles to cover a company that has the following characteristics:

• Over 190 years old.

• Has a portfolio of irreplaceable prime real estate that’s worth more than the current market cap.

• One of only a handful of dividend aristocrats trading on the LSE.

• Buying back shares.

• 70-100% upside to fair value.

Also included in this issue is a trading update on some of the companies we’ve previously featured in the newsletter.

Let’s dive in…

Please note: this article should act as an introduction to the companies mentioned and is not a complete deep dive. Make sure you do your own research before investing in any company mentioned in this newsletter.