Hansteen Holdings (HSTN)
Posted: March 23rd, 2019, 11:39 am
Full year results for Hansteen are due on Monday. This one has been on my watchlist for a while but I have never bought. I note that the return of capital last year was not received well (on this forum at least). The half year results last year seemed OK, but the share price has been under 100p ever since. Nav was reported as 100p at the interims so is at around 8% discount. Am I missing something here? Hansteen invest primarily in industrial property mostly in the UK, so I would expect that like many REIT's they are under the cosh at the moment with the Brexit uncertainty. Does anyone else have a view?