Civitas Social Housing PLC Update research from QuotedData
November 19 2021 - 3:58AM
RNS Non-Regulatory
TIDMCSH
Civitas Social Housing PLC
19 November 2021
Civitas Social Housing - Update research from QuotedData
17(th) November 2021
Short shrift to short seller
An unwarranted attack by an activist short seller on the fabric
of Civitas Social Housing (CSH), coinciding with it falling out of
the FTSE 250 index, has driven down CSH's share price in recent
months. CSH has published a strong rebuttal (details of the claims
and CSH's response are on page 6) saying these claims are baseless.
The short seller may have made a quick profit, however CSH has had
to put a planned capital raise to grow its portfolio on ice and it
has impacted the wider sector to the detriment of thousands of
people in need of specialist housing.
The fundamentals that support growth in the sector remain strong
and aren't going away, namely increased demand from individuals and
a lack of supply (as detailed on pages 4 and 11). The high dividend
yield and the large discount to net asset value (NAV) that CSH's
shares are now trading on and the increased dividend target for
this year seem appealing.
Full research:
https://quoteddata.com/research/civitas-social-housing-short-shrift-short-seller-qd/
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