Argo Real Estate Opportunities Fund

http://www.argocapitalproperty.com 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.

LATEST REPORTS

 
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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