||EPS - Basic
||Market Cap (m)
|Real Estate Investment Trusts
Hansteen Share Discussion Threads
Showing 101 to 122 of 125 messages
|I too added yesterday, and agree with your above points.|
|Hope so as continued to add HSTN, particulalry yesterday.
The dividend cover looks wide, coupled with a large undeveloped land bank.
As mentioned they actively manage assets, the last statement appears very positive.|
|Thanks all, I think the market has missed the higher occupancy or reduced vacancy rates, covered in the RNS at the end of last year. Hansteen is all about adding value to existing & prospective property positions, so conventional occupancy measures are less applicable than to (say) a company less prepared to trade their portfolio. Hansteen tries to buy into higher vacancy, under-valued sites - where they can be confident of reducing vacancy over time, and pushing up carried value (and passing rent). This is now trading at a small discount to TNAV and yielding circa 5%. And in 2016, they achieved 100% ownership of their former Ashtenne vehicle. All feels like steady progress in the right long-term direction. Finally, as they have euro-based assets and also euro-based borrowing (at improved rates through 2016) there is an element of internal currency hedge. I rate this team and their business model. ex|
|From this week's IC.
The company is focused on light industrial property which is something of a property hotspot due to the demand being generated by the growth of online retailers and their need for warehouse space to distribute their goods, rising demand, rents and property values. Still, there is expected to be a market-wide hit from the combination of the uncertainty created by Brexit and falling bond prices, which property values are linked to.|
|EURO/GBP strength NAV accretive, coupled with their rapidly falling occupancy rates
should bode very well for 2017, at least that is what I hope.|
|May regret not buying a few more earlier this week.|
|Added on that little dip this AM, hopefully more opportunities.|
|Thanks bench I sold at 116 and waiting to get back in.
Yes. I thought it European holdings would have sent it up.
Yday someone bought 500,000 at 111
British Land recovering|
|Why the recent drop? Any views.|
|Hansteen Holdings plc invests in a range of industrial properties located across Europe including the Netherlands, Germany, Belgium, France and the UK.
5% divi. Recommended by IC corrs who know.|
|anyone know anything about these,,,|
|I rather like it like that. I have other things for instant gratification. Being delighted as Hansteen chugs along doing good deals and paying valuable dividends is a different kind of thing.That last deal looked excellent to me.|
|Wake up you lot this is good investment|
|the high short ratio - if it is still in place - is probably just hedging by convertible bond holders. this is very common. unfortunately it doesn't help the share price on a short squeeze as stock is delivered from the converted CB when the short is closed, so no new demand is created for the ordinary shares although one does get better liquidity which in a pretty quiet post can be useful.
But on a on a completely different note this gives me the impression of being a really smart, well-run outfit and thus largely a case of sit and hold with just a weather eye on the vauation metrics.
And the most recent news on the portfolio sale confirmed my impression.|
|Still 11.85% stock on loan for March. What is it with these guys? Have they decided they just won't give in, no matter how much money they lose?
Not my problem any more. I bought for income, not dreaming the price would move significantly one way or the other, but 20% profit had to be taken. I've had profits slip away before.|
|This is starting to look like a sweet spot for HSTN.
European property exposure about to benefit from QE and a wall of money over the next 18 months. Most of the property (industrial) is in Germany which should do particularly well from a lower Euro. Importantly, NAV in sterling terms is protected by the permanent hedging policy. 80%+ of the debt recently rolled over + cheap interest rates to fund further acquisitions.
Convertible bond due in 2016 is the only black spot. Be interesting to see how long the shorts hold out here.|
|Happy XMAS to all the Hansteen holders who have just benefited by the sustained rise.|
|I don't pay for the daily stock on loan figures, but the monthly shows August essentially unchanged form July. If these are long term shorts, they won't want to be paying those costs forever - so quite conceivably the large short position could eventually drive the price up.|
|Thanks Bernardhy. I already have some Sainsbury's, don't need another that the professionals are betting against!
Still I remain very interested in this - I'll just have to do a bit more research.|
HSTN are in the top 10 most shorted stocks. Some put this down to a likely rise in interest rates and borrowing costs.|
|I have been looking through REITs on a recommendation but most seem to have drawbacks - paying out more than earnings, imminent placings, already having gone up 20% in a year...
This one seems such a standout, I wonder if I am missing anything?|
|Yes John. This has come on my radar. I think the divi is nice. They have made some smart deals and exits. The Euro weakness will hit the bottom line though. Any views on potential upside here? Will the change to the Bond conversion price mean anything material?|