Argo Real Estate Opportunities Fund TICKER: AREO     EXCHANGE: AIM

Argo Real Estate Opportunities Fund is a property investment company that is now managing 5 out-of/edge-of-town shopping centres in Romania and the Ukraine, of which it developed three and has recently acquired the other two, each of which is the leading shopping centre in its catchment area. It also owns some development land in Ukraine and Moldova.


Double discount offers extra value
Published: Oct 07 2011

Argo Real Estate Opportunities Fund is a property investment company that is now managing 5 out-of/edge-of-town shopping centres in Romania and the Ukraine.
AREOF's last reported interim results for 2010/11 showed that it has moved into profit at both operating and pre-tax levels.
The shares currently stand at a 43% discount to Net Asset Value. We consider this excessive, and set a fair value target for the shares of Euro 8.5c.
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Foreign buyers gorging on UK stocks

Document can be downloaded here: UK plc ‘going for a song’

Being a shareholder in a company that receives a juicy takeover offer is a marvellous feeling. Something that many fortunate investors have experienced over the past 3 years. Thanks to a spate of M&A bids by deep pocketed overseas buyers – partly triggered by the June 2016 Brexit result, which sent the £ tumbling and adversely affected the FTSE.

Consequently today, given this trend is unlikely to end anytime soon, we’ve highlighted 30 possible acquisition ideas in the attached research paper. Spilt equally between large and smallcap stocks – covering a broad selection of industries.

What’s more we believe most of these businesses are underpinned by strong fundamentals and substantial upside in the event of predatory interest.

According to Factset Mergerstat/BVR, the average bid premium paid for such deals between 2004-14 was 30% – with the figure trending upwards since the global financial crisis.

Happy investing. Published 27th August 2019