Tritax Big Box Reit Share Discussion Threads

[speedsgh] 28/1/2016 10:02

Prospectus for Open Offer, Placing + Offer for Subscription -

Also some useful info in here...
Circular + Notice of General Meeting -

[greatgiginthesky] 28/1/2016 10:00

Existing shareholders may apply for their basic entitlement which is 1 new share at 124p for every 11 shares held, so provided you hold at least 11 shares then the minimum will be 1. And pro rata thereafter.
You may then apply for more shares up to a maximum of 61,621,826. 11th February is the latest payment date. Full details are available on the company's website under the Investors tab.

[topvest] 27/1/2016 20:24

What's the minimum though?

[mach100] 27/1/2016 17:13

Under the Open Offer, up to an aggregate amount of 61,621,826 New Shares will be made available to Qualifying Shareholders at the Issue Price, pro rata to their holdings of Existing Ordinary Shares, on the basis of:

1 New Ordinary Share(s) for every 11 Existing Ordinary Shares held on the Record Date.

Seems like we will be able to partake. I have tken up my rights before and certainly will do so this time. Worth every penny!

[saltaire111] 27/1/2016 16:42

Will this offer be open to ordinary shareholders? It's not the same as a rights issue and therefore the shares may just get placed with institutions?

Salty

[greatgiginthesky] 27/1/2016 12:03

Having increased my holding very happily by 50% in the Offer last year I will probably take up my entitlement in full. However, BBOX is my third largest holding and my second largest is in the property sector too (MTVW), so I will be keeping a close eye on both.
Nice to see that the offer is not underwritten, indicating that existing institutional shareholders have indicated their appetite for more shares.
Prospects still look good.

[wirralowl] 21/1/2016 10:13

Excellent TS today, NAV now up to 124p ps, from 107p last year:


Tritax Big Box REIT plc

21 January 2016

21 January 2016

TRITAX BIG BOX REIT PLC

(the "Company")

TRADING UPDATE

The Board of Tritax Big Box REIT plc (ticker: BBOX) announces an unaudited estimated EPRA Net Asset Value per ordinary share as at 31 December 2015 of approximately 124.5 pence (the Company's unaudited basic Net Asset Value per ordinary share is estimated to be approximately 124.0 pence as at the same date).

This represents an increase of approximately 15.7% as compared to the audited EPRA Net Asset Value as at 31 December 2014 of 107.6 pence and a total return(1) of approximately 19.2% over the period, significantly in excess of the Company's medium term target of 9% per annum. The total shareholder return(2) over the period was 24.1%.

The Board expects to declare a fully covered 3.0 pence per share dividend for the six months ended 31 December 2015, representing an aggregate dividend of 6.0 pence per share for the year ended 31 December 2015.

The Board has adopted a progressive dividend policy and intends to target a dividend of 6.2 pence(3) for the year ending 31 December 2016, representing a rise of 3.3% compared to the total dividend expected to be declared for 2015 and in excess of the rate of RPI inflation over the period from the Company's IPO in December 2013 to 31 December 2015. Dividends are expected to be fully covered by adjusted earnings(4) from the Company's portfolio.

The Company will publish its audited annual results for the year ended 31 December 2015 in March 2016.

[ridicule] 02/1/2016 14:36

Many thanks Jaws6, much appreciated

[ridicule] 31/12/2015 00:26

K_T What were the other 4?

[killing_time] 30/12/2015 19:50

This has been tipped in Hargreaves Lansdown Investment Times as one of five shares to watch in 2016.

[wingrove4] 18/12/2015 19:41

Tipped in Moneyweek this week

[aylingd] 10/12/2015 09:14

Are we not overdue a div. announcement ?

D.

[skinny] 09/12/2015 08:07

The Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that it has completed the purchase of the Matalan Retail Limited ("Matalan") Northern Distribution Centre at Knowsley Business Park in Liverpool, for a purchase price of £42.38 million (net of acquisition costs), reflecting a net initial yield of 6.27% on the corporate acquisition. The purchase will be funded out of equity proceeds, with senior debt finance expected to be introduced in the near term.

more....

[skinny] 23/11/2015 12:19

From the 18th - Jefferies International Buy 130.45 136.00 140.00 Reiterates

A new high @130.80p.

[soundbuy] 18/11/2015 09:59

Increase in TP

Jefferies International Buy 128.30 128.50 Old TP 136.00 NEW TP 140.00 Reiterates

[soundbuy] 16/11/2015 14:32

Addition to MSCI Small Cap Index 12 th Nov., effective 30th Nov.

[ygor706] 12/10/2015 08:10

Having read Edmond Jackson's article on this company over the weekend I decided to open a position. This looks to be an interesting property play with exposure to internet business storage being partially fed by an oversupply of supermarket sites. The prospective 5% dividend yield is also an attraction. Not a well-known stock at the moment but suspect that this will change.

[18bt] 02/10/2015 07:29

Facilities increased and inerest cost reduced. Allows a box or two more to be acquired.

[skinny] 22/9/2015 07:41

The Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that it has completed the land purchase and entered into contracts to provide forward funding for the development of a new regional distribution facility, pre-let in its entirety to TJX UK ("TK Maxx"), a major retailer of branded apparel and home fashions in the UK and Ireland. The investment price is £59.00 million, reflecting a yield of 5.32% (net of land acquisition costs).


more....

[gswredland] 21/9/2015 09:54

Thanks skinny

[skinny] 21/9/2015 08:05

Jefferies International Buy 0.00 125.00 123.00 136.00 Reiterates

[skinny] 14/9/2015 15:17

And again @125p.