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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Abrdn European Logistics Income Plc | LSE:ASLI | London | Ordinary Share | GB00BD9PXH49 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.20 | -0.34% | 59.00 | 390,646 | 16:35:17 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 59.40 | 60.00 | 60.40 | 59.40 | 59.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | EUR 36.6M | EUR -18.44M | EUR -0.0447 | -13.29 | 244.83M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:17 | UT | 29,003 | 59.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/5/2024 | 15:20 | UK RNS | BlackRock Group Form 8.3 - abrdn European Logistics Income plc |
| 01/5/2024 | 15:00 | UK RNS | Quilter PLC Form 8.3 - abrdn European Logistics Income PLC |
| 01/5/2024 | 14:38 | UK RNS | Brewin Dolphin Limited Form 8.3 - abrdn European Logistics Income plc |
| 01/5/2024 | 09:31 | UK RNS | Brewin Dolphin Wealth Management Form 8.3 - Abrdn European Logistics Income.. |
| 30/4/2024 | 13:34 | UK RNS | Brewin Dolphin Limited Form 8.3 - abrdn European Logistics Income plc |
| 30/4/2024 | 09:55 | UK RNS | J.M. Finn Form 8.3 - abrdn European Logistics Income plc |
| 29/4/2024 | 15:00 | UK RNS | Quilter PLC Form 8.3 - abrdn European Logistics Income PLC |
| 29/4/2024 | 14:28 | UK RNS | State Street Global Advisors Form 8.3 - abrdn European Logistics Income plc |
| 29/4/2024 | 13:06 | UK RNS | Brewin Dolphin Limited Form 8.3 - abrdn European Logistics Income plc |
| 26/4/2024 | 20:59 | ALNC |  EARNINGS AND TRADING: Aura confident in Tiris; Cindrigo enters Germany |
Abrdn European Logistics... (ASLI) Share Charts1 Year Abrdn European Logistics... Chart |
|
1 Month Abrdn European Logistics... Chart |
Intraday Abrdn European Logistics... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/4/2024 | 11:50 | Aberdeen Standard European Logistics Income plc | 332 |
| 24/8/2018 | 13:20 | Gross yields | 1 |
| 14/12/2017 | 18:22 | Aberdeen Standard European Logistics Income | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:35:17 | 59.00 | 29,003 | 17,111.77 | UT |
| 15:21:41 | 59.77 | 332 | 198.43 | O |
| 15:19:14 | 59.77 | 10,630 | 6,353.23 | O |
| 15:16:46 | 59.40 | 1,446 | 858.92 | AT |
| 14:59:16 | 59.40 | 135 | 80.19 | AT |
| Top Posts |
|---|
Posted at 01/5/2024 09:20 by Abrdn European Logistics... Daily Update Abrdn European Logistics Income Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker ASLI. The last closing price for Abrdn European Logistics... was 59.20p.Abrdn European Logistics... currently has 412,174,356 shares in issue. The market capitalisation of Abrdn European Logistics... is £244,831,567. Abrdn European Logistics... has a price to earnings ratio (PE ratio) of -13.29. This morning ASLI shares opened at 59.40p |
Posted at 29/4/2024 11:50 by stun12 EBOX is on something of a tear currently. Poor old ASLI getting left behind. |
Posted at 22/3/2024 10:03 by stun12 Indeed. Some of the rise in debt yields which damaged the share price should start to reverse as longer term rates fall. Logistics is still the sweet spot in the CMBS market with a few big players (M7, Blackstone) hoovering up assets to add to their 'last mile' funds. |
Posted at 22/3/2024 09:22 by stun12 I'd forgotten to look at the news. ASLI secured a new tenant for the Madrid warehouse at 8.7% above the previous rent. They didn't get a lease break fee from Arrival, but decided that getting them out was a better idea. New tenant will pay for site improvements.Share price is looking a bit neglected down here - added a bit at just over 61p. |
Posted at 19/2/2024 12:39 by williamcooper104 Expect it will be round up like EPIC (though hopefully at a better price/close to NAV) Part of reason why I'm comfortable with EBOXs tight divi cover as either they make it post the 2026 refi or else they cut and are forced to sell up |
Posted at 19/2/2024 08:36 by cwa1 TBF, it would've been much worse if they had said: sorry guys, nobody is interested at a remotely sensible price and we're back to the drawing board! It shows there's still enough interest from more than one party to take it to the next stage.MILDLY positive is the way I'm looking at it... |
Posted at 19/2/2024 07:30 by speedsgh Discussions ongoing with third parties that have made non-binding proposals. Q4 dividend axed; payments to be recommenced as per previous timetable subject to outcome of strategic review. But at what level?Update on Strategic Review & Fourth Int. Dividend - The Board of abrdn European Logistics Income plc (the "Company") provides an update in respect of the strategic review announced on 27 November 2023 (the "Strategic Review"). Since 27 November 2023, the Company has received a number of broad ranging preliminary, indicative non-binding proposals. While there can be no certainty at this stage that the final terms of any proposal will prove to be sufficiently attractive to merit a Board recommendation to the Company's shareholders, the Board is encouraged by the progress made to date and the Company's advisers are actively engaging with a select number of parties to satisfy their due diligence requirements. The Board will provide further updates as appropriate. Fourth Interim Dividend In light of the initial response to the Strategic Review, the Board and its advisers are keen to ensure that the Company is optimally positioned, and that it maintains the maximum flexibility, to allow it to advance any particular proposal. As a result, the Board has taken the decision to forgo declaring a fourth interim distribution for the quarter ended 31 December 2023, which has historically been declared in February and paid in March each year. Subject to the outcome of the Strategic Review, the Board intends to recommence dividend payments in line with the Company's standard dividend timetable. |
Posted at 10/1/2024 12:53 by williamcooper104 Buying back in here The divi is not sustainable but that's been admitted by ASLI so the cut must be nearly fully priced in In any event, ASLI is up for sale, so buying for capital gain not for income (A merger with EBOX will likely be Abrdn's preferred outcome but think a sale more likely given the discount) |
Posted at 17/12/2023 15:20 by skyship ASLI beginning to look interesting as the share price drifts back below 60p; and as other REITs continue strong recoveries.A 732k UT trade at 59p after hours on Friday, so may well be on offer below 60p tomorrow. At 59.8p the discount is 30.7% (03'23) and the yield 8.01% - the yield now one of the highest across the board for the "sensible" players; in spite of the ongoing Strategic Review. NB: The dividend is uncovered and would be "rebased" if the company continues; so prospective possibly just 6.75%-7.0%. |
Posted at 27/11/2023 08:08 by cwa1 Strategic ReviewIn line with its constitutional terms as set out on launch in December 2017, the Company is required to propose a continuation vote at its next Annual General Meeting, expected to be held in June 2024. With that in mind, and cognisant of the feedback received from a number of shareholders in recent meetings, the Board believes that the current point in time represents an appropriate juncture at which to consider more fully the basis on which the Company might best proceed, having regard for the best interests of shareholders as a whole. Accordingly, the Board today announces that it is undertaking a strategic review of the options available to the Company (the "Strategic Review"). The Board will consider all options available to the Company that offer maximum value for its shareholders including, but not limited to, undertaking some form of consolidation, combination, merger or comparable corporate action, selling the entire issued share capital of the Company (which would be conducted under the framework of a "formal sale process" in accordance with the City Code on Takeovers and Mergers (the "Code")), and selling the Company's portfolio and returning monies to shareholders. There is no certainty that any changes will result from the Strategic Review and, for the avoidance of doubt, a continuation of the Company's current investment strategy with a rebased target dividend level is a potential outcome of the Strategic Review. Tony Roper, Chairman, abrdn European Logistics Income plc, commented: "The Board's priority at all times is to act in the best interests of shareholders. Whilst we retain a strong conviction in the strategy, today's proactive decision to launch a strategic review largely reflects the unprecedented macro backdrop that real estate companies are operating against and provides greater optionality to deliver shareholder value." The Board has appointed Investec Bank plc ("Investec") as Financial Adviser to manage the Strategic Review and formal sale process. Investec is acting as Rule 3 adviser to the Company under the Code. The Board will make further announcements in due course. Portfolio Update and NAV |
Posted at 27/10/2023 11:31 by wiganpunter morning , sorry i dont check this every dayok I have been to the top 10 - I have a large position for my family office and we do rigorous due diligence inc site visits. its actually quite fun and we had a great weekend in Madrid. you will be aware that the meung sur loire building is the oldest by far in the portfolio built in 2004 , unlike the rest of it which are all sub 5 years. it represents 2.7% of the rent roll and sits next to several buildings owned by prologis. I don't know a 100% but I suspect this will be sold to prologis who run the rest of the park . in the interim it has been updated but as the oldest asset given the esg focus I would sell it if I were them . your question on Madrid ill take in 2 ways - not sure why you think Madrid is at the top of its cycle ? you will know the Leon Spanish asset was sold at a small premium to book a few months ago. Madrid last mile space ( 3rd largest city in Europe ) is very sought after and they paid using equity proceeds c 170 euros per square foot. the whole rent roll is index linked and uncapped and is adjusted annually so the lookback creates the base rent foe the next 12 months - you will note the passing rent roll at mid year was 12-15% up yoy reflecting those changes and more to come. I find a really useful publication to be the green street indices which capture all transactions . "London, 5 October 2023 – The Green Street Commercial Property Price Index decreased two percent in the third quarter. The index, which measures bid pricing levels across a broad swathe of B/B+ quality Pan-European commercial properties, sits 22% below its May '22 peak and is roughly on par with its ’07 peak. The retail and office sectors saw price declines of about five percent each in the three months to October 1st. The investment theme of a widening yield gap between A/A+ and B/B+ quality buildings resulted in average price declines across most geographies in both sectors. By contrast, a muted expansion in B/B+ quality yields in residential and industrial was offset by resilient fundamentals fuelling meaningful cashflow growth. Asset prices thus nudged one percent higher in each sector." the point off all this being yes there are good and bad news in all these portfolios - we can talk about the 4 new leases signed in august too if you like but this is a super high quality book and currently is priced at 50% of its nav which makes zero sense in any scenario. longer term the capital uplift from here via a refinancing cycle in 2025 ( c4.5 rates anticipated puts you holding a modern portfolio with a 7% div at prices that are a glassy away from anything that is actually happening . I know Tony Roper the chairman bought stock and the fund managers are paid from carry in the fund so there is alignment but always nice to see more share purchases . hope that answers your questions sorry for the delay. |
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