Invesco Uk Property Income Trust Share Discussion Threads

[andrbea] 11/4/2013 14:28

92% spread

[bsg] 10/4/2013 11:12

It's almost like someones looking for stock.

[tooledupsquirrel] 29/3/2013 11:14

The market makers are playing around with this. Now its appeared on the top% lists loads of new pi/mugs will come sniffing around and the mm boys will be able to off load some junk. note the huge bid/offer spread.

[goldenhorse] 19/3/2013 09:07

No idea... I keep this share as my 'lessons learned'! lol

Weird price movements, for sure...

[bsg] 19/3/2013 09:06

The bid went to .43p yesterday, so what was all that about ?

[goldenhorse] 19/3/2013 09:03

The bid's the thing... quietly marooned at 0.11...

[asmodeus] 19/3/2013 08:32

And now "up 71.9%", it says here.

[asmodeus] 19/3/2013 08:32

And now "up 71.9%", it says here.

[asmodeus] 18/3/2013 14:44

Yes -- downwards! (66.7% according to ADVFN, as I write.) Correction - as I write now, a few minutes later, the share price is said to have risen 30.3% !

[bsg] 18/3/2013 14:40

Seems to be twitching today!

[asmodeus] 14/3/2013 20:39

Very strange. They have a negative NAV and a minus sum of cash (according to ADVFN) - so what can explain the sudden rise? Perhaps something will explain tomorrow? I am showing a huge loss on these.

[investor_tp] 14/3/2013 18:26

Someone must have accidentally bought a share ;)

I am surprised these haven't been suspended yet really.

[asmodeus] 14/3/2013 18:05

sp "up 134%"!

[flyingswan] 28/1/2013 11:25

mentions IPI:

[chrisgail] 29/10/2012 15:06

And then the sellers get out while they can. Certainly getting movement.

[chrisgail] 29/10/2012 14:12

Someone has bought 300,000 at 0.89p £2,670 It's not me.

[goldenhorse] 29/10/2012 13:09

lol

cant see the trades... has someone bought one?

[chrisgail] 29/10/2012 13:07

or maybe not!

[ihavenoclue] 27/9/2012 09:12

Looks that way ...

[bsg] 27/9/2012 08:11

share price death throes?

[flyingswan] 21/8/2012 11:10

Invesco Property Income Trust Limited

Net Asset Value and Interim Management Statement

The unaudited Adjusted Net Asset Value per share of Invesco Property Income
Trust Limited as at 30 June 2012 was -7.69 pence (31 March 2012: -7.78p). The
unaudited Net Asset Value per share was -14.88 pence (31 March 2012: -16.56p).

The Adjusted Net Asset Value per share is calculated in accordance with the
Company's prospectus and the Net Asset Value per Ordinary Share under
International Financial Reporting Standards.

The net asset values incorporate the external valuation of the Group's property
assets as at 30 June 2012.

Analysis of movement in net asset value.

At At
30 June 2012 31 March 2012

Investment Properties

UK (£m) 74.8 75.4

Europe (£m) 109.3 114.9

Investment Properties (total) 184.1 190.3

Other assets (£m) 26.0 27.0

Other liabilities (£m) (34.6) (37.0)

Bank borrowings (£m) (187.3) (192.2)

Adjusted Net Asset Value (£m) (11.8) (11.9)

Adjusted Net Asset Value per (7.69)p (7.78)p
share

Goodwill (£m) 5.1 5.8

Interest rate swaps (£m) (6.0) (6.0)

Deferred taxation (£m) (10.1) (13.2)

Net Asset Value (£m) (22.8) (25.3)

Net Asset Value per share (14.88)p (16.56)p

Portfolio Valuation

As announced on 3 July 2012, the Company's property portfolios were valued in
aggregate at £184.13 million as at 30 June 2012. The underlying like-for-like
changes in values, adjusted for disposals, over periods to 30 June 2012 are
shown below:

Periods to 30 June 2012

3m 6m 12m

UK portfolio (in Sterling) -0.9% -1.5% -5.4%

European portfolio (in -1.4% -2.4% -4.8%
Euros)

Total (in Sterling) -3.2% -4.3% -11.1%

The portfolio analysis as at 30 June 2012 is shown below:

UK France Belgium Spain Germany Total

Industrial 29.4% 12.1% - 3.4% - 44.9%

Offices 11.2% 27.6% 7.1% - 9.2% 55.1%

Total 40.6% 39.7% 7.1% 3.4% 9.2% 100.0%

The top ten investments by value are set out below:

Ranking Investment % of Ranking at
Portfolio
Now 31 March 2012

1 Le Directoire, St-Cloud, France 15.4% 1

2 St-Michel sur Orge, France 9.2% 2

3 SchickardSt, Boeblingen, Germany 9.2% 3

4 Le Diapason, Paris, France 8.2% 4

5 11 Old Jewry, London EC2, UK 6.6% 5

6 Priory Business Park, Bedford, UK 5.0% 6

7 Brackmills Industrial Estate, 4.3% 7
Northampton, UK

8 Hellaby Lane, Rotherham, UK 4.3% 8

9 Interface Business Park, Wooton Bassett, 4.3% 9
UK

10 Le Verdun, Gentilly, France 4.0% 10

Transactions

No transactions took place in the quarter to 30 June 2012. The Directors and
Investment Manager evaluate the prospects and local market conditions for each
asset and will consider opportunities to make disposals where this is judged to
be in the Company's interests.

Asset Management

During the quarter a lease amendment was agreed with Daimler AG at the
Böblingen asset in Germany for an additional 1,160 sqm office, some storage and
54 parking spaces until May 2019, replacing one of the smaller tenants. This
takes their total occupation to 89% of the property and the agreement included
a waiver of their first break option in May 2014 for the remainder of the
space.

We were also successful in leasing 476 sqm of space at the asset in Rozendal,
Belgium, comprising half of the space on the first floor which has been a long
term vacancy.

At Le Directoire in France the largest tenant Sogesma agreed to a lease
extension for a further 6 years certain, and a new tenant was found for 298
sqm, helping to restore occupancy in this building. However we also received
notice from two other tenants in the building occupying just over 2,000 sqm
combined, to exercise their break options in December of this year.

At St Esteve, Spain, the incumbent tenant agreed to a 6-month extension on the
current terms to December 2012.

In the UK vacancy increased slightly as leases expired at Webner and Gerrard's
Cross as expected.

Financing

Sterling and Euro bank borrowings at 30 June 2012 were £75.3 million and €140.2
million respectively, unchanged over the quarter, although currency movements
have reduced the sterling value of borrowings. Since 30 June the Company has
repaid EUR 1.89m of borrowings from its cash resources in connection with an
amendment, agreed in July 2012, to the covenants in the facility agreement.
Details of the amendment were included in the Company's Annual Financial Report
dated 30 July 2012.

At 30 June the LTV ratio was 102.2% (31 March 2012: 101.0%) and the interest
cover ratio was 175.8% (31 March 2012: 176.0%).

All enquiries:

Angus Pottinger

Invesco Asset Management Limited

020 7065 3714

Rory Morrison

Invesco Real Estate

020 7543 3500

20 August 2012



END

[goldenhorse] 18/6/2012 17:14

Actually nearer £150 at EOD price

lol again

[goldenhorse] 18/6/2012 17:13

26% fall on £230 total trade value

lol

[goldenhorse] 08/6/2012 18:07

2 month high!!