Amati AIM IHT Portfolio Service on Springfield Properties PLC
Thesis
Springfield Properties is a housebuilder focused on Scotland. Its shares recovered during August as the market began to recognise the scale of housing demand in its core geography. The fund highlights a large requirement for quality housing in the north east as the key structural support for the company. The investment case therefore rests on Springfield's exposure to an undersupplied regional housing market.
“the market begins to appreciate the huge requirement for quality housing in the company’s core area in the north east.”
Key risks
- Fragile UK confidence and elevated long-term interest rates remain macroeconomic headwinds