NCB Stockbrokers has recommended Dunloe Ewart as a buy for investors. It suggests investors should seek to mop up the shares at around 33p.

It believes Dunloe Ewart is the purest and most leveraged play now available to investors on the Irish commercial property market.

The group has several projects on line in Dublin and Belfast which could boost the underlying value of the company. By 2000, NCB suggests the share price may reach 50p.