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Small Cap Stocks Down Under 5 February 2021: Irongate Group, PTB Group, Metro Performance Glass
Irongate Group: Don’t open the gate
In today’s edition of Small Cap Stocks Down Under, headquartered in Sydney, the Irongate Group is a REIT dual-listed on the ASX and the Johannesburg Stock Exchange (JSE). With an investment fund of over $1.1bn across Australia and New Zealand, Irongate recently changed its name from Investec Australia Property Fund (ASX: IAP) after the group decided to reform into a stapled entity on both exchanges. Irongate is currently trading at its Net Tangible Asset value after underperforming the November REIT rally. The question must be asked, does this company have room to run or has it reached its limit?
Also in today’s edition, a look at gold and silver miner Kingsgate Consolidated (ASX: KCN) and lead and silver miner Myanmar Metals (ASX: MYL).
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Click here to read the previous edition of Small Cap Stocks Down Under published 29 January 2021