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Two FTSE250 Penny shares to buy when the index hits a new high

The· FTSE 250 The index topped 22,000 earlier this month. Since then, it has consistently exceeded that level. As a result, this month is the best month on the index record. The downside is that there are fewer FTSE250 penny stocks to choose from.

But there are a few around, and two of them I like.

Barely penny stock

Initially Cineworld (LSE: CINE), Its stock price is 100p shy. In other words, it’s hardly eligible as a penny stock, but it’s there. Cinema chain stocks have gained enough momentum to exceed 100p by early March. It was able to stay there until early April.

However, it has been trading at the sub 100p level for about a week.The drop to these levels is reported by Tom Cruise news “Top Gun: Maverick”, This was expected to be a big summer release, but will be released in theaters by November.

But given the recovery in the stock market and the fact that shareholders have approved the suspension of Cineworld’s borrowing limits, I think stock prices should rise soon. I think it will continue to grow as cinema footfalls increase later this year and other promising movies appear on the screen.

Strategic FTSE 250 stock

At the price of 77p, UK Commercial Real Estate Investment Trust (LSE: UKCM) Another FTSE250 penny strain to consider. Stock prices have fluctuated considerably over the past year, but have hit a ditch since early 2021. It has risen sharply since mid-January.

I am interested in four types of commercial real estate: industrial, retail, commercial and leisure. As the business resumes, it should slowly recover from difficult years.

The latest results available are for the six months to June 30, 2020. This makes it difficult to reliably assess performance. However, subsequent performance indicators are positive. Rent collection was 84% ​​in the first quarter of 2021. The company benefits from tenants that are part of the growing sector in 2020. Ocado And Amazon..

The company also pays dividends and has a cautious strategy for the rest of 2021.It aims to invest in Supermarkets and logistics, In the sector “If the structural impetus for demand is positively impacted or largely isolated by an ongoing pandemic.” Depends on company release.

result

Still, as in the case of Cineworld, we cannot be confident that it can manage sustainable growth until it works and really returns to business. The damage to businesses from pandemics has been a huge boost to businesses, and it will take some time before they get back on track.

On the other hand Breeze until 2020 And it still shows a promising outlook. This includes miners, healthcare companies, online marketplaces and more. Before buying these FTSE250 Penny shares, I will also consider them.


John Mackey, CEO of Whole Foods Market, a subsidiary of Amazon, is a member of The Motley Fool’s Board of Directors. Manika Premusin I own shares in the Ocado Group. Motley Fool UK owns a stake in Amazon and recommends Amazon. Motley Fool UK recommends the Ocado Group and recommends the following options: A long January 2022 Amazon $ 1920 call and a short January 2022 Amazon $ 1940 call. The views expressed about the companies mentioned in this article are those of the author and may differ from the official recommendations made by subscription services such as Share Advisor, Hidden Winners, and Pro. Here at The Motley Fool, by examining different insights, Better investors than us.



Two FTSE250 Penny shares to buy when the index hits a new high

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