|F&c Commercial Property Trust
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
F&c Commercial Property Trust Share Discussion Threads
Showing 126 to 150 of 150 messages
|Indeed, we are on the same page viz Brexit.
The problem I guess is that the latest NAV was for June 30th, i.e. seven days after the event, so until we get a new one - this should be soon, last year it was published at the end of September - it might be difficult to have a reliable idea of how much the various properties are really worth.
My bet, and that of those people currently buying I assume, is that the last June NAV of 134.1 (slightly down from 135.1 in March) was very conservative because of the situation at the time (valuation experts being temporarily blinded) so we could expect a higher value in the forthcoming Q3 factsheet.
Not sure if the latest inflation number of 1% YTD, or "hyperinflation" according to the Financial Times :) would have any effect on the forthcoming NAV estimate.|
|Just the slow realisation that Brexit will eventually benefit the overall economy and everything related.|
|I may have put on some rose tinted glasses, but it looks like the share price has been picking-up over the past few days, especially intra-day (right now it is up by 1.1p). The value at close is more sedate, but encouraging. Still a long way to go to be back to 145+ of course.|
|Another month, another dividend ex-date today.
The share price has sort of stabilised with a slow continuous decrease.
We need to wait for the next quarterly report and a new valuation for the NAV to see if the trend will change.|
|FCPT has been recovering slowly but steadily over the past month or so now.
Still at a discount and I am not expecting it to be back up to 145.5p any time soon (its 52w high), but with the economic data refusing stubbornly to turn sour despite our "stupid" Brexit vote, there is hope for the share price I guess.|
|Half-yearly report is out.
Mixed bag, good news on the dividend cover, which is increasing, but still below 100%.
Gearing ticking upwards slightly at 19.9%, it used to be 19%.
NAV down a bit but likely mostly due to the difficulty on obtaining a reliable valuation due to post-Brexit jitters. So the NAV could technically be also slightly up in real terms.
The yield is up, but calcutaled for the poor share price at the end of June, the important thing is to see that the yearly dividend is maintained at 6.0p per share, which is what I am mostly after with this type of investment.|
|OK. Point taken. But don't let it become a habit!!!|
I get a premium membership for free, working at a university; so I read it.
For a while after the referendum it was indeed vile, impossible to read anything at all that did not mention "Stupid voters, hopefully Parliament will ignore them...". I ended up only reading the Lex column (I like their puns) and the market updates.
As pointed in the previous post, the FT is fun again to read if, like me, one loves sarcasm. Since they are supposed to be a financial rag, they must report financial news every now and then and it is always hilarious to see them trying to wriggle out from announcing good news for the UK economy. :)|
|YOU READ THE FT!!!!!
It's a bunch of pinkos who tried to persuade peeps to vote remain so they would benefit by us staying in.
And a grossly over priced rag to boot!
PS. Rant over!|
|Brexit jitters are abating.
Yesterday the FT had to eat crows and report that people had spent more in the high street than expected/hoped-in-order-to-moan-about-Brexit; which is good news for shops since it allows them to pay their rent on time. In turn, good news for FCPT.|
|well, lets hope so!|
|I guess FCPT has found its floor and is now inching its way back-up.|
NAV is down:
"...the probability of the valuations exactly coinciding with prices received were the properties to be sold has reduced."
This is mostly due to a hit on the valuation of the London offices, retail and industrial properties are positive.
Some good news on the debt servicing side of things and an additional £50 million facility that could allow for further acquisitions - wink wink at the above mentioned problems with the open ended property funds.|
|Monty ..I'm surprised at that ignorant comment..thought you knew better than that|
|FCPT is an investment trust, not an open ended fund.
The share price can go down to zero, they will still not need to give back any money. Sure, if things go very wrong, the dividend might ne at risk, although in their case, the cover increased a bit last time they reported it.
The dividend is a stated policy of the trust, so I would expect them to increase gearing just to sustain it. Again, they do not face the same problem as the open ended funds so do not need to have a fire sale of their buildings.
In fact, it is possible that they could buy additional properties if the big funds need to realise cash quickly and flog off their own buildings.
I got into this one to diversify the portfolio a bit last year, so I am not sweating too much about the recent losses. As speedsgh indirectly pointed out, this is not the type of share for an "all eggs in the same basket" approach especially now.
Crafty me started to invest in it when there was still a premium, just to maximise losing money! :)|
|montyhedge - it is not that sort of fund|
|Will they continue to pay dividend? Or could they say we are preserving cash to pay out to investors who want to sell.|
|Very sensible vacendak!|
|Got pretty savaged recently.
Recovering slowly from the recent nadir. Steady dividend though.
Still investing regularly on the way down so that I will not miss anything on the way up. :)|
|Property trust issues Brexit warning as market cools - HTTP://citywire.co.uk/money/property-trust-issues-brexit-warning-as-market-cools/a896216?ref=citywire-money-latest-news-list|
|Aye. Good results looking backwards. It's the going forwards where the uncertainty lies hence the disappearance of the premium imo.
"The UK commercial property market is continuing to deliver good performance but there are signs that investment momentum may be easing. There are concerns about pricing, particularly in London, and the market is entering a phase of the cycle where yield compression and the rate of rental growth are both expected to level off."|
Some quite impressive features: dividend cover has risen to 81% and gearing is only 19%. Share price now roughly on a par to NAV, after a period of - arguably - too high premium.|
|"Uncovered" by cash items - rental income. "Earnings" include non-cash property revaluations. Strip those out.|
|'uncovered'? Year end 2014 the Basic Earnings were 22.5p!|
|Yes - has been for ages. It's uncovered so unlikely to increase. They are reluctant to cut it, too.|