Despite their focus on the office market, both Shape and Servcorp continue to regularly perform. They published today good H1 25 results and their share price increased today by respectively 7 % and 5.5 %, reaching new 52 weeks high.
While Servcorp has been listed for some time, I suspect that Shape is still relatively unknown by a lot of investors (listed in Dec 2021). Even after today's increase, Shape has a free cash flow yield of around 12 % (excluding the large positive impact of the change of working capital). While the market probably considered Shape initially as a very risky business (linked to the office market), it has shown a real ability to produce large cash flow/free cash flow on a regular basis.
