26 August 2010 – interim results

Looking at fundamentals it is difficult to see why shares in office2office are not significantly higher. The latest results were in line with expectations and analysts only expect a very modest fall in earnings for the full year, placing the shares on a P/E ratio of less than 5. Given the fact that 2011 should see an improvement in profitability and the attractive yield of over 10% we have no hesitation in rating office2office as a BUY.