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Primary Recommendation

Lakehouse - Prospective PE of 3.9 could expand due to sector rotation

February 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LAKE
  • Price:
  • 39p
Lakehouse, a property services business, makes all of its profits in the UK with most of it from social housing and public sector organisations, which in normal conditions will not cut spend during an economic downturn and should in theory make the shares tailormade for a “risk off” market as investors rotate into recession proof businesses.This time, however, the social housing sector has come under the cosh mainly because the government has reversed a 19 year old formula that allowed social rents to rise by the consumer prices index (CPI) plus 1 per cent each year. For the next four years from April, housing associations have to cut social rents by 1 per cent each year in a move that the government says will help redu ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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