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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Schroder European Real Estate Investment Trust Plc | LSE:SERE | London | Ordinary Share | GB00BY7R8K77 | ORD GBP0.10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -1.59% | 62.00 | 61.60 | 62.40 | - | 147,554 | 16:35:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 19.67M | -9.38M | -0.0702 | -8.97 | 84.25M |
Date | Subject | Author | Discuss |
---|---|---|---|
26/3/2024 12:13 | I'm keeping it simple and just focussing on yield and discount to nav spec. Sere's 8.3% yield is covered whereas labs 4.6% yield isn't. The discounts are approx the same. | hugepants | |
26/3/2024 11:47 | I sold my LABS shares (another disaster!) to top up down here at 61.2p | hugepants | |
21/3/2024 15:20 | thnx - edited accordingly | skyship | |
21/3/2024 10:33 | Well Kepler has that totally wrong. Divi rebased to 1.48c/Qtr, ie 5.92c pa. At 1:17 forex, that = 5.06p for a yield of 7.97% at 63.5p. | skyship | |
21/3/2024 10:07 | The Kepler research note dated yesterday says the yield is 6.3%, not 8%. "......A key difference between European and UK commercial property is that there are often explicit inflation links via CPI in lease terms in Europe, which is referred to as ‘indexation | ammons | |
21/3/2024 09:23 | New research (Kepler) | hugepants | |
20/3/2024 17:11 | Happy to sit and hold on an approx 8% yield and wait for a recovery Good to see dividend cover expanding | ntv | |
20/3/2024 10:58 | Results as expected. NAV 124.8c (106.7p at forex 1:17). Divi covered 110%; so continue like that and we could see a minor increase at the end of the year. 96% occupancy and 100% rent collection. Sir Julian Berney Bt., Chairman, commented: "The Company is very well placed, with one of the strongest balance sheets - a net LTV of 24% and €27 million in cash - and dividend covers amongst the UK-listed peer group. The Board continues to assess opportunities to grow earnings and the evolution of the strategy to maximise shareholder returns and liquidity. The current share price discount does not reflect the strength of the portfolio, growth city exposure and local expertise of the investment manager." At the offer price of 63.5p these are now on a 40.5% discount & an 8.03% yield. Rating does seem more than a little harsh. | skyship | |
15/3/2024 08:59 | Should see the Q4'23 NAV & Divi Update next week. At 64p these are now on a 40% discount and 8% yield. So now down to good value; but currently unable to see what might put them any better. | skyship | |
26/2/2024 14:10 | I post when, where and what I like. Comprehend. | neilyb675 | |
26/2/2024 14:08 | Thnx Neily - but we can all see the share price - so no need for yr pricing updates! | skyship | |
26/2/2024 13:59 | 65.40 - 67.80 (GBX) at 08:09:15 on Market (LSE) | neilyb675 | |
19/2/2024 15:12 | 66.20 - 67.80 (GBX) at 14:02:53 on Market (LSE) | neilyb675 | |
12/1/2024 14:52 | Not the most positive of updates... Property Portfolio Valuation - | speedsgh | |
08/1/2024 11:40 | Thanks Skyship, I'll have a closer look, but I like their portfolio. | boystown | |
08/1/2024 11:35 | Yes, back in with a quite high allocation. Like you was relieved to have banked a reasonable profit up at c. the 87p level - see P. No.204. After the sensible re-basing of the dividend the 37% discount and 7.3% yield certainly looks like good value. | skyship | |
08/1/2024 11:10 | Did you buy back in here Skyship? I sold at over 87p last time - but am tempted to buy back for the relatively safe yield even if the share price stagnates. | boystown | |
06/1/2024 13:16 | 30mins into this video presentation, the investment manager talks about possible buybacks, which, with the 40% NAV discount, is a subject constantly discussed with the BoD: | skyship | |
02/1/2024 20:19 | Major shareholders: # Truffle Asset Management = 10% # Schroders = 8% | skyship | |
02/1/2024 16:52 | Agreed, too small to survive as a lone entity IMO and that's partly why I took a stake in the hope that something would happen to consolidate/take it out | cwa1 | |
02/1/2024 16:46 | Indeed; however SERE is 100% in Euroland - so an entirely different proposition. | skyship | |
02/1/2024 16:30 | Will probably merge with another REIT - that seems to be the way things are going, although means no premium for shareholders. | riverman77 | |
02/1/2024 16:26 | I wonder what 2024 holds for SERE. Surely far too small to continue as an independent entity - £92m MCap! Personally feel that they should put up a For Sale notice; and if no-one approaches then opt to liquidate. Should realise something in the range of 95p-100p. 95p would provide c 33% upside. I'd be happy with that! | skyship |
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