Unite Group has moved up 22 points since the last post here. A strong move is expected considering that price broke out of a long period of consolidation. Do bear in mind that the £10.00 psychological round number resistance is not too far above which may slow price down. Last week ended with a strong bullish bar and if the momentum continues then the £10.00...
Unite Group has been in an uptrend since the end of 2011, experiencing a long period of consolidation from August 2015 to October 2017. During the period of consolidation it would have been best to stand aside until a breakout happened. Consolidations are very difficult to trade and your capital is best used on stocks that are actually trending. Patience here...
UTG rents rooms it owns to students. Recently raised more capital and bought more rooms. Property prices are rising in UK. Next valuation will be published ~1/7/15. Admittedly trading at a premium to NAV - possibly the reason it has been going sideways for a few months. Expect something to happen ~1/7