Simon Thompson 

High-yielding Ben Graham deep value play

Simon Thompson

Simon Thompson

It’s not often that you get to buy shares in a company on half book value when almost two-thirds of the share price is backed by cash and the balance of the asset base is income producing. But that’s exactly what’s on offer at specialist residential development finance firm and asset manager Urban Exposure (UEX:45p), a company that listed its shares on London’s junior market in May 2018 when it raised £150m of new equity at 100p a share.

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