Town Centre Securities (TCSC).
Based in Yorkshire. Owners and developers of commercial/retail properties, predominantly in north England and Scotland. Got some in my PEP account.

Anyone else interested? See company website HERE

Share price climbed 47% in 2003, and 38% so far this year.
Trebled in the last 4 years. Doubled in the last 14 months.
And scope for active traders to enhance gains, on top of a core holding, if they can anticipate the up/down twitches along the way. (Spread around 1%. Market cap 170m)

Management very aware of shareholders interests and promising to continue with their vigorous approach.

Ardent fundamentalists I guess may baulk at the high ratings.
Southern journalists won't even know it exists..

Harry - post 3 - surely that's a yield of @5.4% ?

Yes, was just a calculation based on half year divi.. You are correct re 12 month yield.

5% spread this morning is a bit of a discouragement!

Anyone know why sudden fall today?

In IC - Town Centre Securities looks to cheap.

TCS shares trade nearly 30% below book value, reflecting downward pressure on property valuations. Yet the presssure has eased in recent months, the company is well financed and profits and dividends can start growing again.

In at 193.90

A IC update sent today.

(TCSC:198p). Interestingly, the share price looks on the cusp of a major chart break-out, too, so this looks an opportune time to investigate the investment case.

Still cheap.

Ticking up, up another 3.5% today

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Town Centre Securities - Executive team talk about the results achieved and the development of the portfolio

Click here