Stockopedia caught up with Robert Ware and Preston Rabl of the Conygar Investment Company (LON:CIC) to discuss the AIM listed property group's trading in the first half of 2011. At a market cap of £121m, the company trades at a sharp discount to an end March NAV of 154p.

Since outlining the company's investment philosophy and outlook in an exclusive interview with us 6 months ago, the board have assessed over 30 deals at valuations of between £10m and £200m. They moved quickly to buy 86 acres of land in Haverfordwest for £14m but still see a wide disconnect between the expectation of sellers and their assessment of value. With £98m available for deals Robert Ware, CEO, is excited by the opportunities available to Conygar's shareholders. He predicts that there will be 'a lot of mayhem' in property markets providing opportunities to those who can move quickly.

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