08 March 2018
By Maynard Paton
Today I’m continuing my hunt for Watch List shares by evaluating Town Centre Securities (TOWN).
Here are the initial attractions that prompted this research:
* Illustrious payout history: The business boasts an unbroken 57-year record of dividend payments.
* Substantial long-term shareholders: The founding/managing family boast a sizeable 52%/£78m investment.
* Discount to book value: The 281p shares trade at a 25% discount to the group’s 375p net asset value.
As usual, I’m applying a question-and-answer template to help me pinpoint companies that match the criteria set out in How I Invest. I’m looking for as many Yes answers as possible.