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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Value And Indexed Property Income Trust Plc | VIP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.50 | 2.01% | 178.00 | 16:35:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 177.00 | 177.00 | 177.00 | 178.00 | 174.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 28/11/2023 17:37 by jellypbean You can see in the numbers in the annual report.However basically it's 0.6% of gross assets that go to the investment manager (OLIM), via a company that is a subsidiary of VIP (required for regulatory reasons (AFAIK). On top of that there are expenses at the VIP company level that come to a bit less than the management charges. These include fees for the board, secretariat etc. I'll admit there is a reasonably sized 'other' in there as far as I can remember. Of course for management fees, gross assets are 40-50% higher than net assets, so that 0.6% becomes 0.8-0.9% of NAV. The above is consistent with the KID published on HL which says management costs 0.88% and other costs 0.6%. Then the KID will also include interest costs. I think they've got about 7 years fixed debt at 3.5% ish. To me this is a big positive, so why it would be included as a cost I don't know. There is also portfolio transaction costs on the KID. There have been quite a lot of these recently as the trust had restructured to property only, so I expect these might reduce going forward? I also noted that the NAV is given with debt at par, though you can see somewhere in the report that if it's valued at fair it will be a bit higher (I tend to look at fair for ITs, though most normally show both). Any how, these numbers are from memory, so check annual report for details, and compared to KID to see how one becomes the other. Main thing I don't really get with this is the tax treatment, as this isn't a REIT (I have it in an ISA). Chair is Prof. John Kay, who was instrumental in tranforming the finances of one of the richest Oxford Uni colleges (with a large property portfolio) whilst he was chair of economics there. So that seems a positive to me. Oh yes, there is a mandate to return investors cash at NAV minus costs in 2026, if they want FWIW. |
Posted at 13/6/2022 10:06 by topvest Agreed. I think there is a bit of a mindset out there at the moment that investors need to recover the c10% inflation immediately. This is very difficult / virtually impossible to achieve. Equities generally should protect for inflation over the medium term unless we are into hyperinflation. Actually, the UK and global economy is buckling already and will buckle further after a few more interest rate increases (negative growth is accelerating). Inflation should start moderating as the world adjusts to global recession and higher rates. |
Posted at 10/6/2022 21:54 by rambutan2 Sneaked out late. And a very good read:Conclusion - Index-Linked Income Still Seriously Undervalued UK commercial property values stabilised in late 2020 and have since been rising rapidly. Industrials have been by far the star performers, but their yield re-rating must be over as prices are clearly overheating especially at the prime end of the market. Offices' relative performance is going from bad to worse. Retail values started to recover early in 2021, as gains for retail warehouses, supermarkets and convenience stores offset slowing rates of decline in shopping centres and high street shops, which have now finally bottomed out. The alternative sectors have also bounced back strongly with pubs, hotels, bowling and caravan parks booming, especially outside London. Healthcare and nursing home investments will stay in demand despite their staffing problems. 2022 may see a similar pattern of relative property performance, despite current short term interest rate rises, and possibly sharp increases in current unsustainably low long term bond yields, with alternatives, retail and industrials leading the way and offices bringing up the rear. The COVID crisis has taught UK property investors a stark lesson: stay on the right side of structural change, avoid offices, and stick wherever you can to properties let to strong tenants at affordable rents on long, preferably index-linked, leases. Safe, long-term indexed income will be even more highly prized as inflation rises faster for longer than myopic markets and complacent central bankers expect. Wars are always inflationary, and however long the hot war lasts in Ukraine, the West is clearly now in an economic cold war with Russia and its allies, with sanctions and shortages biting for years to come. Secure, index-linked, UK property offers massive yield margins over index-linked gilts, and a comfortable yield cushion still over conventional bonds. It is still seriously undervalued. |
Posted at 22/3/2018 12:19 by jpuff "Vipera shareholders who are not members of Vipera's management team will not be offered the opportunity to exchange all or part of their Vipera Shares for shares in SOFP. This might not be well received by these holders!" - Quote from Investors Champion. I Agree only a 20% premium at such an exciting time for the company and existing shareholders is not good I feel. |
Posted at 01/2/2018 18:42 by davidosh Just to mention that Vipera will have a stand and be presenting at our huge Mello2018 event in Derby on 26/27th April and all shareholders and potential investors are welcome to attend Vipera attended and presented at our Mello2014 and Mello2015 events and the management are always happy to engage with individual investors. Do come and join us at this quality two day event. |
Posted at 02/5/2017 21:10 by thejaba So he is invested in 2010.....7 years on and he's still sat on fat losses having bought at 20p/25p.Ace investor indeed. |
Posted at 11/9/2016 19:48 by davidosh Bapodra....Your honesty is refreshing but although your strategy is clear we have to accept you are not an investor at all and you certainly do not take any ownership rights or engage with management.....you are simply gambling away hoping momentum takes you into profit and a stop loss preserves it ! Equally you go to sleep each night hoping good news comes before bad !That is the problem with AIM. Smaller stocks can be ramped or misunderstood that move with a tidal wave effect if gamblers get involved but bearing no resemblance to the operation of the actual company. Then directors and City advisors see the opportunity to maximise their gains and take big fees or salaries or bonuses based on very little true performance. Meanwhile decent, boring but often well run family firms often paying dividends just get ignored by all but sensible long term investors. I could write a book on the different ways that people make a living from the markets and how most lose their money but suffice to say I prefer investing to gambling ! |
Posted at 09/9/2016 12:46 by johnma Hi DavidNot sure what your question is, I have a number of investors who are keen to buy VIP. |
Posted at 08/9/2016 15:31 by davidosh Well out of the 25 investors that attended the event on Tuesday only four had previously heard about or knew what Vipera did so that is definitely a company flying under the radar imho. |
Posted at 28/10/2014 17:54 by johnma If you're having trouble viewing this email, you may see it online.Investors Champion logo OBJECTIVE COMPANY COMMENTARIESDon't miss the biggest AIM investor event of the year! Mello 2014, which is being held at the Derby Conference Centre from 6th to 8th November 2014, promises to be the event of the year for anyone interested in investing in smaller quoted companies, particularly those listed on AIM.This new investor show is being organised by David Stredder, a highly successful private investor in AIM, who runs the popular Mello evenings in Beckenham.A host of interesting high growth companies are due to present at Mello 2014 including:AO World PLC, the online retailer of domestic appliances.Acal PLC, a specialist electronics group supplying niche electronics to industrial manufacturers and the healthcare sector.Hardide PLC, a provider of advanced tungsten carbide-based coatings that significantly increase the life of critical metal parts Ideagen PLC, a leading supplier of Information Management software to highly regulated industriesRightster Group PLC, a provider of cloud-based services that optimize the distribution and monetization of live and on-demand video.Sphere Medical Holding PLC, a provider of innovative monitoring and diagnostic devices for the critical careSprue Aegies PLC a supplier of home safety products, smoke and CO alarmsSynairgen PLC, a respiratory drug discovery and development companyTrakm8 Holdings PLC, a technology designer, developer and manufacturer of telematics products and solutions.Vipera PLC a provider of mobile financial services platformAfter a very busy year so far which has seen several acquisitions and some encouraging contract wins, Pressure Technologies PLC, a business we have followed since admission to AIM back in 2007 will also be also be there.A number of well-known fund managers will also share their investment thoughts and stock ideas and there will be a presentation on investing in AIM for inheritance tax planning purposes.To register for this fantastic event and secure a half price discount please visit the following link:http://mello201 |
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