Hello, Share Likers. Don't you hate companies which go by the name of initials only? Never mind, there are some promising ones out there, including IWG plc (IWG). Though there’s no clue in the name, this company should be able to cash in on the covid effect. It rents out shared offices. By the way IWG stands for International Workplace Group. And the company’s mission statement is to ‘help millions of people have a great day at work – every day’. Well, good luck with that.
On several occasions in the last couple of months, our venerable Sheriff has explained his view that commercial property is uninvestable on either a short term or long term view and that although the share price of British Land (BLND) and Land Securities (LAND) stand at a big discount to their NAV, the real value is substantially lower. The purpose of this note is to put the alternative view.









