I wrote recently about my favorite share. Well I am pleased to say that Inland PLC continues to go from strength to strength. Signs that the UK property market has bottomed out make it a speculative buy. The shares currently stand at 20.5p making a 100% return on my first investment in the company back in June. Since then I have added at 14p and 18p.
Recent news from the company is all positive. A small disposal realised some cash and a tidy profit. Directors have been buying in recent weeks. Even the finance director is buying more for himself and his son’s trust fund and now owns nearly 8%.
This share is a key element in my SIPP. I will continue to hold it until the talented management team have finished with their value creation!
An update on my favourite share
I wrote recently about my favorite share. Well I am pleased to say that Inland PLC continues to go from strength to strength. Signs that the UK property market has bottomed out make it a speculative buy. The shares currently stand at 20.5p making a 100% return on my first investment in the company back in June. Since then I have added at 14p and 18p.
Recent news from the company is all positive. A small disposal realised some cash and a tidy profit. Directors have been buying in recent weeks. Even the finance director is buying more for himself and his son’s trust fund and now owns nearly 8%.
This share is a key element in my SIPP. I will continue to hold it until the talented management team have finished with their value creation!