||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
Assura Group Share Discussion Threads
Showing 676 to 698 of 700 messages
|Big box was tiped by Midas some months ago, I am in for loads more at 134.|
|Pike I did the same ,I am waiting for 55 as well.|
|I love this share but I have sold them today at over 60p. That's a 20% premium to NAV. (5 years of dividends!). I would rather sit on cash at that premium. I will certainly buy back in if they drift nearer to 55 again. I notice that PHP is on a similar premium. Anyone any thoughts for any other safe income shares?
Best regards SBP|
|I would sell some on this spike, but I simply do not know where else to put the money with this safety and income. Any thoughts anyone, PHP?
Best regards SBP|
|Prominent IC tip 30/09/2016.|
|A bit naughty to bury the last RNS in the Assura web-site. Basically, if you find the detail, it says that they are going to let Graham Roberts have his VCP shares if the criteria are met even though he is no longer employed. OK, if that's the decision why not post the half page RNS properly rather than hide it.
I'm sure Graham Roberts deserves something for what he has done here which has been an excellent job. We all wish him a speedy recovery.
However, I don't like VCPs as they are based on greed. Directors are already paid lots of money and shouldn't need millions of free shares if the criteria of doing their job properly are met. I don't mind normal option schemes, but this VCP is just giving a proportion of the company away to the inner circle.
Not announcing it properly gives the Board a black mark in my book. They know its sensitive which is why they have buried the content rather than simply say what they have done. Poor!|
|Really nice piece. Here it is for anyone who wants to read:-
Thanks for flagging it up Jombaston
Best regards SBP|
|Quiet thread but just been tipped by Midas.
Results must be imminent. Has been a reliable holding for me for several years.|
|GRIO - this gives great inflation protection as over two-thirds of the ground rents are index-linked, yet it still trades close to NAV. The yield of 3.2% might not sound like much but compares well with gilts, especially index-linked. Virtually no leverage either.
CREI have an investment strategy of buying the smaller value units that the big institutions can't be bothered with. This gives it a decent yield without having to gear up (LTV was only 17% last I looked). Premium to NAV is low to mid single figures.
AEWU - this is a bit riskier as they are only recently fully invested and targeting an 8% yield. Looking at some of their recent purchases I'm hopeful they can sustain it. Seems decently priced, again just above NAV.
UKCM - this is a big diversified commercial property fund with possibly the least gearing in its peer group (currently only 10% LTV with a 25% limit)yet it still has a yield of 4.6%. The discount to NAV is over 6% when they have publicly stated they will not let it stay under 5% for a prolonged period. So I'm looking for some buybacks to push that closer to asset value.
EPIC also satisfies my criteria for low premium and LTV and decent yield
Please don't take these as recommendations - you might have a different investment strategy to me. You can see the LTV and NAV stats are very different to the health sector!|
Interested to know what ground rent and commercial funds you hold and why?|
|I am experienced investor in REITs and property trusts but haven't been involved in this sector to date. The reason has been the high gearing which seems quite common. Also the premiums to NAV can also be quite chunky.
However, I am reconsidering these objections in view of the NHS/government-funded tenants.
It seems the key players are PHP,AGR & MXF. Choosing between them is quite tricky as they are all a bit different.
Structures - PHP and AGR are REITs and MXF is Guernsey-based.
Balance Sheet/Funding - AGR has the lowest LTV but this will rise closer to 50% as funds are used. This would put it in line with MXF. PHP has more debt at 63%. Not only that, it also has a much shorter maturity of debt outstanding at 6 years v 11 for AGR and 16 for MXF.
Income - MXF is almost 7%, AGR just shy of 4%, PHP is 5%. But MXF's dividend is a long way off being covered so it isn't as attractive as it looks. It seems to be that the true income-generating potential of all the companies is between 4 and 5% (once AGR completes its acquisitions).
Track record - PHP has been around the longest and had the same CEO since 1996. AGR came on the scene in 2003 and MXF in 2006. Looking at the chart AGR has the worst performing of the 3 by a long way since the beginning of 2007, thanks to the sell off in the financial crisis.
Does anyone know why AGR performed so badly relative to its peers in 2007-08?
NAV - these all trade at 20% or slightly higher to NAV. Seems like I have just missed the AGR placing which is unfortunate as I doubt there will be another soon. Perhaps PHP or MXF will do a fund raise?
So I might just buy a bit of AGR (if I can satisfy myself it won't repeat its prior underperformance) and wait for a fund raise to buy the others cheaper to NAV. Since I am targeting a yield of 5% on my REIT portfolio just buying AGR is a bit of a yield drag.
BTW: I already have care homes,students,ground rents and diversified commercial funds.|
|Should be joining the FT250 this week!|
|Liberum Capital have issued a Broker Note on Assura this morning and upped their target price to 60p from 55p.....I would have thought there should be some news in the near future given that the board had earmarked £125 million of the recent fundraising for acquisitions and developments.|
|British Land now selling at 10% below NAV. Low LTV and solid assets mostly in prime London areas. I just bought some. I figure the discount to NAV offers good protection.|
|Many thanks one and all - will research. Best regards SBP|
|Read-across from PHP--Bearbull in IC prefers ESP to PHP [better yield by 1% and operates in a "favourable big picture"] and brought PCTN into the equation. All yield better than AGR.|
|MXF's div cover has been improving ..but I'd wait for a pullback to to 78/80 before buying.I hold|
A care home provider.Riskier probably when you think back to Southern Cross.They have just done a placing which was over subscribed.Trading above NAV.
BBOX,completely diffferent sector.Distibution warehouses.A play on internet shopping.
Article from the IC includes both the above.Not up to date though.
Well in the same sub-sector you could have PHP [dividend now nearly fully covered and with much better overall return performance in the last year or so--5% of my portfolio[AGR 3%]] and MXF [dividend only about 65%$ covered but paying a better divi.|
ESP is another one I like atm for a niche, growing market, with good potential for income & capital growth, but as always, dyor.
|Anyone know any other shares with similar potential income profile over the long term?
Best regards SBP|
|5% of my portfolio.
Content with that.
|I'm amazed at the lack of interest on this BB compared to the more sensational risky growth stocks.
I have steadily topped up since they were around 32p and subscribed for a lot more at the recent placing. I think that once they join the FT250 next month they will gain a higher profile which could drive the price higher. But they make up 10% of my portfolio now - by far my biggest holding - so I must resist the temptation to buy more.|