|Invesco Uk Property Income Trust
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Invesco Uk Property Income Trust News
|flyingswan: This could be one reason IPI share price has been raising recently:
"The European commercial real estate investment market had its strongest third quarter since 2007 with 35.5 billion in transactions - up 21% on Q3 2012, according to the latest data from global property advisor CBRE.
"Commercial real estate investment in the core Western European markets UK, Germany and France was particularly strong in Q3 2013. Investment in UK commercial property was at the highest level since Q3 2007 with 14.1 billion of transactions completed in Q3 2013 - a 19% increase over Q3 2012. Germany, with 6.2 billion in Q3 2013, showed a 21% increase over Q3 2012. France also had its highest Q3 investment activity since 2007 with 4.6 billion - a 39% increase on Q3 2012. These markets also posted sequential gains compared with Q2 2013, with investment activity for all of Europe improving 7% compared with the prior quarter."
|bsg: share price death throes?|
|flyingswan: ... So heavily affected was one trust Invesco Property Income that in 2011, the trust, managed by Rory Morrison, restructured its debt and altered its investment strategy. The trust is now expected to wind down in 2014.
The investment objective was changed to reflect the fact that the trust was widening its portfolio to continental Europe, with a particular focus on acquiring and managing assets in markets such as France and Germany, where properties can be bought and sold with relative ease.
All is not bad, however. Last week, for example, saw the £1bn F&C Commercial Property Trust (FCPT) successfully raise £15m in an issue of new shares. The trust listed them on the London Stock Exchange on February 1 at 103.41p - a 3 per cent premium to net asset value (NAV).
The fund has traded at a premium over the past year. The company claims its level of dividend, which created a yield of 5.8 per cent based on the share price at the close on February 1, is attractive to investors.
In fact, since the market bottomed in March 2009, property investment trusts have staged a remarkable comeback...
|carterit: I will continue to hold until its wound up,and hope that after everything has been sold that there will be some money for distributing to the shareholders - well at least more than the current share price anyway.
The adjusted NAV in the annual report shows that it was (end of march 2011), £7.9M underwater.
...and for that year,the report shows that Net cash inflow from operating activities (rent/service charges minus bank charges/operating expenses) was approx £10M.
...so IF,the net cash inflow,continues to be positive for the next 3 years,and at a similar level AND property valuations continue to stabilise and inch upwards AND they continue to dispose of property at a price above the last valuation,then there must be a fighting chance of turning the £7.9M deficit into something positive.
Even a £15M turnaround (ie 3 years net cash inflow of £5M per year OR a sale of the properties at 8% above the last valuation,would bring this about).
...and if there were £8M for distribution amongst the shareholders at the end,would equate to approx 5p per share,so must be worth taking a chance on|
|flyingswan: Looks like the IPI share price, has good support at this level. IMHO|
|flyingswan: The share price is currently trading in a higher trading range, after the last tick up.
Not sure if you can class this as a mini breakout? IMHO|
|flyingswan: I was looking at the 3 month Chart for IPI and notice the divergence, between the share price and the MACD and RSI.
i.e. The share price has been trading down yet the MACD and RSI are moving Up.
Does this mean we may see a major move to the upside soon? As this imbalance is corrected?|
|knowing: At this valuation any upside in Commercial Property prices will be met with a significant increase in share price. Will buy more to add to my SIPP for the long term prospects.|
|flyingswan: Regarding HornBlower's IPI Chart and current update:
The Share price is now nearly a quarter to half way to HornBlowers upper resistance level:
You can see the updated details on this chart:
If you look at the 3 year chart there is early signs of a "W" forming on the chart, after the second dip in the Commercial property Sector is now starting to recover.
IPI is quite a cheap when you look at the price a year ago and nothing really changing in the company.
Rent-free periods for new lease holders coming to an end, means more income.
When inflation / hyper inflation come in, after all the money printing, we will see property prices fly up, like in the 1970's.
Most commodities are going up due in inflation - property will be the next to follow.|
|carterit: I would hope that the banks are supportive while the income covers the interest costs and the fact that the banks are picking up the penalty rate of interest for IPI being in breach of the LTV covenant.
There is no benefit that i can see in calling in the loans while IPI can service them,if it just needs time for 2nd tier property values to increase.
The downside is a complete lack of any potential dividends for years to come (or until the LTV gets back below 55%) but that should be offset by share price increases as and when 2nd tier property values start to increase.
I hope i am right,and am prepared to wait for as long as it takes,as this could form the backbone of my pension in years to come if it all turns out right.|
Invesco Uk Property Income Trust share price data is direct from the London Stock Exchange