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Town Centre Securities – A good share tip but how good?

Tom Winnifrith
Monday 29 October 2012

I recommended shares in Town Centre Securities (LSE:TCSC) – a Leeds-based northern property investor and developer – in April 2010 at 148.75p on the site I founded 12 years ago and ran until this September. The company has since paid out 20.88p in dividends and the shares currently trade at 184p – so this has been a pretty decent share tip for those who followed my advice. Results for the company’s year ended 30th June 2012 were released last month and in light of that I wonder if it really is still a red hot penny share or if it is time to take profits.

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About Tom Winnifrith
Tom Winnifrith is the editor of When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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