|Isis Property Trust 2
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Isis Property Trust Share Discussion Threads
Showing 101 to 125 of 125 messages
IRP Property Investments Limited today announces a second interim dividend in respect of the year ending 30 June 2013, of 1.80 pence per share, as follows:
Ex-Dividend Date - 6 March 2013
Record Date - 8 March 2013
Payment Date - 28 March 2013
Satisfactory and as expected|
|F & C,Lloyds & Deutsche Bank are all large common shareholders of both trusts.
Note 9 of the proposals makes it clear that both boards have consulted with their largest shareholders who have indicated their support for the merger.|
|I think they might have issues in getting IPT shareholders to vote the deal through. IPT have a better portfolio and are being asked to accept an offer below last market price. Template for this was UKCM failing in their bid for FCPT a few years ago.|
|Good news today - merger does make sense and the dividend does need re-aligning.|
|Hi Also a holder here and assume that at some point the dividend will be cut, it appears unsustainable.
They are obviously trying to maintain it but wonder if a cut might not be better for the long term, improve cover and cash position.
A cut to say 4.5p - 5p p.a. would still provide a decent return.
Just my thoughts.|
|Little reaction to the confirmation that IRP intend to maintain the full yr div at 7.2p for FY 2012/13. Currently yielding just under 12%. Something's not quite right.|
|Surely IRP ( I am a holder) just does not have the income to maintain this divi at these levels. Not enough trading of properties, negligible capital gain to trade and take, not enough cash to fall back on. So, to pay 10% they need to wind down ( ie use) their reserves, and in effect slowly shrink. They cannot have net rental income of 10%, prices are going nowhere, so sadly, IMHO this divi is going to get debased at some stage.
Any other views ?|
|Lots of wide dislocations at present. IRP got a huge spike due to FTSE reshuffle a couple of months ago. It then got hit extra hard after that took place whilst its cousin IPT went nowhere. Now recovering a little. Whereas FCPT has pretty much recovered its entire recent fall and the likes of IFD are still rooted to their lows. Rest of the property sector has had a very strong bounce over the last few days. Im sure it will all come back in line sooner or later.|
|Hi I bought some more this week as well, as you say only time will tell.|
|had some more at these prices guess only time will tell if its the right thing to do or not|
|Drop in NAV confirms this.|
|Not that excellent is it ? The sales don't really net much uplift considering they go back to 2004.|
|Looks like excellent buys and sales:
|Thanks Alan, I had this down for covered for some reason, so you are into isis then ?|
|You obviously missed (or chose to ignore) my post on the CP+ thread:
the dividend is not covered by income. Strip out property gains and income to 30/6/10 was 5.3p; 6 months to 31/12 2.5p
Good news is that the quoted nav does not include swap costs of 8pps (31/12).
Last time I looked IPT dividend was not covered either.
Better value elsewhere|
|Yes looks like we're headed for a share price at a premium to NAV on the basis of the excellent yield and the cover on offer here.
8% yield = 90 pence.|
|Cant get better secure dividend of 8.5% anywhere else imo|
|Starting to look pretty strong.
1.80 pence per share, as follows:
Ex-Dividend Date - 1 June 2011
Record Date - 3 June 2011
Payment Date - 24 June 2011|
|NAV still rising slowly.|
|Steady TA plus forward dividends confirmed.|
|That's the forth time I've bought these and it never shows on an ADVFN competitor trades list.|
|nav keeps going steady, and we keep getting our divi. very nice safe share to keep tucked away. we have been in a tight range for quiet some time would be nice if this just pushed it up a little to a new level.
Still guess we cant have everything.|
|NAV up 2.8 per cent. My prior post confirmed a NAV up lift i guess.|
|A sale at a good profit upon the purchase consideration of relativly low yielding property, moreover done so above current book value, which bodes well for the current quoted NAV.|
|IRP Property Investments Limited today announces a forth interim dividend in
respect of the year ended 30 June 2010, of 1.80 pence per share, as follows:
Ex-Dividend Date - 8 September 2010
Record Date - 10 September 2010
Payment Date - 24 September 2010
regular as clockwork|