REACTION to the six-month results ending December 31, 2003 from Spearhead Property Holdings has been excellent and the company is now increasingly seen as being in the "category of real performers on the JSE Securities Exchange", says Mike Flax, CEO of Spearhead.

Profits and distribution up

Spearhead proves it claim to be top performer in property loan stock sector

Listed asset management company Provest, which is part of the Investec Property Group, has come out in support of listed property funds outsourcing its management to companies outside the listed entity.

Did it again.

Spearhead Property Holdings has continued to acquire properties

Teeny cap Spearhead, the R240m property loan stock company, has outperformed JSE-listed peers

Spearhead’s Chief Executive, Mike Flax, quoting data supplied by I-Net Bridge, reports that Spearhead was over the last three years ranked the second top performer out of the 25 on the JSE listed property sector.

Higher earnings expected

“BIGGER is better” is the message being sent out by the property loan stock and property unit trust management industry. However, it’s one that property loan stock group Spearhead is choosing to ignore.