Share Name Share Symbol Market Type Share ISIN Share Description
Tritax Big Box REIT LSE:BBOX London Ordinary Share GB00BG49KP99 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.40p +0.28% 142.00p 141.40p 141.80p 142.30p 140.80p 141.60p 2,659,165.00 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 74.7 91.9 10.5 13.5 1,569.33

Tritax Big Box Share Discussion Threads

Showing 551 to 574 of 575 messages
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
DateSubjectAuthorDiscuss
16/3/2017
09:15
Yes, xd 1.55p ... so maybe this isn't, strictly, a down day just yet.
jonwig
16/3/2017
09:14
It's gone ex-dividend today that's why it's down
grumpyoem
16/3/2017
09:10
Bought some more today. Hopefully they will recover from this, think they go ex dividend today. Usually there is a good run up to ex dividend day
wingrove4
16/3/2017
08:51
Buying opportunity?
wingrove4
16/3/2017
08:38
Make it 8 days in a row. WTF
tyranosaurus
15/3/2017
09:37
Down 7 days in a row since last weeks announcement. Hmmm
davr0s
13/3/2017
18:47
Edmond Jackson has suggested BBOX holders may consider switching to Hansteen(HSTN), as HSTN trades about 7-8% below estimated year end NAV. I hold Hansteen and really rate it, however there are differences between HSTN and BBOX, so not sure they are directly comparable.
essentialinvestor
08/3/2017
11:36
Point well made Jon.
essentialinvestor
08/3/2017
11:34
EI - BBOX's latest tranche of debt is 2.54% 10 yr fix. Rates linked to LIBOR might be a problem. "Borrow now while stocks last."
jonwig
08/3/2017
11:12
jon, hold HSTN so agree with your view, however these borrowing rates may not be available in perpetuity, worth keeping in mind.
essentialinvestor
08/3/2017
11:04
Thanks for replying jonwig
steptoes yard
08/3/2017
11:03
Agree with the 5% over the 2.5% scenario the term of the debt. I think of these how a filthy private landlord with 30 houses is placed once the debt is gone. Most of the break clauses on the loans are after the debt period (5-7 yrs). The threat is interest rates but they ain't hitting 5% anytime soon - besides the covenant is getting stronger and stronger
steptoes yard
08/3/2017
10:49
Steptoe - for a propco, having no debt makes no sense. If you can borrow at 2.5% fixed and collect rents at 5% rising, what's not to like? Shareholder returns would suffer without leverage. That said, you can have too much, as companies with 70% LTV found in 2009. Most companies seem to have learned that 50% is a prudent ceiling, and 30 - 40 seems to be the norm.
jonwig
07/3/2017
19:15
Thanks Shauney
gswredland
07/3/2017
16:34
A good summary of the results from the DIY investor hTtps://tinyurl.com/jq3x3o4
shauney2
07/3/2017
10:19
Buying gradually into these with the aim of it being 20% of my portfolio on retirement date
steptoes yard
07/3/2017
10:15
thanks for the explanation
davegk
07/3/2017
10:07
dave - you've worked out the gross asset value - subtract the debt to get the net value.
jonwig
07/3/2017
10:06
Yep but I assume you have to strip out the debt to get the NAV per share and if you did you would get to 129.
nimbo1
07/3/2017
10:04
A very pleasing set of results but the something I can’t quite get, hope somebody can help. It says in the results “Portfolio independently valued at £1.89 billion as at 31 December 2016 which includes all forward funded commitments.” And also that on 31 December 2016 “EPRA NAV per share 129.00p” A market cap of £1.89 billion divided by the 1.11 billion shares in issue equals £1.70 per share
davegk
07/3/2017
09:46
Excellent yield here! Progressive dividend target of 6.40 pence per share announced for 2017 I'm not complaining about the share price rise either nimbo1 :-)
cheshire man
07/3/2017
08:58
I really can't see it continuing to go higher but I have thought that for the last week and it keeps going higher! Its 10% of my pennies now so I will be delighted to be proved wrong.
nimbo1
07/3/2017
07:05
FULL YEAR RESULTS Financial highlights · Dividends declared in relation to 2016 totalled 6.20 pence per share, in line with our target. Dividends fully covered by Adjusted earnings per share of 6.51 pence. · Total Shareholder return for the period was 15.1% (based on the increase in share price assuming dividends reinvested), as compared to the FTSE 250 Index, the FTSE All-Share REIT Index and the EPRA NAREIT UK index which delivered total returns of 6.7%, (7.0%) and (8.5%) respectively. · EPRA net asset value per share increased by 3.46% or 4.71%1 on a like-for-like basis to 129.00 pence at 31 December (31 December 2015: 124.68 pence). · Total return (being the increase in EPRA NAV plus dividends paid) for the year was 9.6%, compared to our medium-term target of 9% per annum. · Market capitalisation of £1.54 billion as at 31 December 2016. · Portfolio independently valued at £1.89 billion2 as at 31 December 2016 which includes all forward funded commitments. · The portfolio's contracted annual rent roll has increased to £99.66 million (31 December 2015: £68.37million), which includes all forward funded commitments. · Further diversified our sources of borrowing, with a new £72 million, long-term, fixed-rate facility with Canada Life. The Loan to Value (LTV) as at 31 December 2016 was 30.0%. · A reducing EPRA cost and total expense ratio of 15.8% and 1.06% respectively, reflecting the benefits of increased scale. · Raised £550 million of equity during 2016, through two substantially oversubscribed share issues. Operational highlights · Acquired 10 Big Boxes during the year with an aggregate purchase price of £524.4 million, further diversifying the portfolio by geography and tenant. · As at the year-end our portfolio comprised 35 assets, covering more than 18.2 million sq ft of logistics space. · Four forward funded pre-let developments reached practical completion in the year, with a total valuation of £272.8 million at 31 December 2016. · Average net initial yield of the portfolio at acquisition is 5.70%, against our year-end valuation of 4.93%. · Our portfolio was fully let, or pre-let and income producing during the year. · At the year-end, the weighted average unexpired lease term ("WAULT") was 15.3 years, against our target of at least 12 years. Post Balance Sheet Activity · Progressive dividend target of 6.40 pence per share announced for 2017. · Invested in the forward funded development pre-let to Hachette UK. · Agreed a new 10 year fixed term loan facility with a fixed rate payable of 2.54%pa. 1 Having stripped out the effect of the different timings of dividend payments between December 2015 and December 2016. 2 Excludes Howdens units II and III at Warth Park, Raunds. * Each year makes reference to 31 December.
skinny
24/2/2017
16:48
And on past record - it shouldn't be long in coming (the fundraising).
skinny
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
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