|well seems they've read my previous post!!!!|
|What's going on anyone know?|
|@ current price yields 5.5% on 16.7% discount. Even allowing for some fall in NAV share price seems too cheap considering that riskier eastern european property funds are trading at premiums of up to 16% on slightly higher yield!! I also like IFD|
|Positive announcement today. Should create more focused management team imo. Note slightly lower management fee and increased divi - they obviously finally read my post 18 :-) Hopefully this will reduce/ eliminate the share price discount to the NAV.|
|Most of Investment Trust Property shares are down today.|
|Plus dividends of 7.13p per share. That's 4.75% based on yesterday's closing price of £1.50.|
|N.A.V 31.12.06=161p n.a.v increase in 1 year 15.5%
N.A.V 30.9.06 =155.28p
N.A.V 30.6.06 =152.36p
N.A.V 31.3.06 =145.1p
SHARE PRICE CLOSE after NAV announced 11.1.2007 =150p
SHARE PRICE CLOSE after NAV announced 10.1.2006=139.5p
therefore share price 1 year increase =7.526%|
|I noticed this morning sli( Scottish Widows stable) had declared the December NAV on 9.1.07, so I thought should be in soon.
UBR xd 17.1.07 pay 31.1.07.
I have been trading since 1963 and now I am 70 I do not have a big portfolio.
I only look for reasonable dividend yield with little risk.( UBR risk grade=43 .reference from digitalook .In comparison Vodaphone risk grade =101 )
Sold fcpt yesterday went xd a couple of weeks ago.
Other Investment Trusts Property funds
fcpt down 1.25p
ipt down 1.5
sli down 0.25p
tap down 1.25p
UBR up 2p
Very high volume today I suspect some switching into ubr.|
|Nice timing washbrook. NAV announcement out and now up to 161p. Still trading at a 7% discount which looks too harsh to me in comparison to other property investment trusts. Should hopefully edge upwards over next few days as the discount narrows. No stamp to pay, a 4.75% yield and a favourable tax environment. Who needs REITS?!|
|Welcome washbrook. NAV announcement should be any day and that will hopefully give us a boost|
|Looks good value to me nice yield no stamp duty.Bought this morning a nice size but does not show up on trades.
Most of my trading never appears on TRADES.
Therefore trades give a false position.|
|Starting to move now. I expect a positive NAV announcement next week which should push the shares higher. With luck we might also see an increase in the divi as well...|
|Finally bought some UBR today. At about 9% discount to NAV and with a 5% divi these look very good value. Significantly cheaper than any other similar trust. Next NAV announcement in just over a month will almost certainly show a further increase. Last year there was a big jump at calender year end which I wouldn't be surprised to see replicated this year. The fund manager's bonus is probably partly dependant on it... so he'll be pushing the valuers a bit harder. No stamp to pay on purchase and ISA'able too!|
Still holding CHTR but must admit I haven't payed them much attention lately.
I've been focusing on re-shuffling my oil&gas.
My first toe in UEN has just hit 100% profit since I bought them in Jan.
I've been topping up at all the wrong times, but I'm still showing a net rise of 30% and strongly believe it's got much further to go, so I'll probably buy more as and when my next divi shares pay out.
Glad I listened to my own advise (for a change) and bought some more SBDB (up 7.5% since tuesday).
Back on topic, I wasn't sure if I was doing the right thing in shedding a few UBR to pay for them,
but he who dares etc.|
|Thanks fordtin. Have thought about SBDB before but never researched it. Nice purchase for you.
Hope you've still got your CHTR.|
|If you're looking for a high dividend share, try SBDB. The share price is quite volatile at the moment with over 20 million new shares bought yesterday,
( SP's been to 250, currently at 205) but expect it to go up again soon.
I bought at 167 last october and have just received my 2nd div giving me a total yield of 20.72% on top of a nice capital growth.
Todays share price of 205 would give a div of 16.8%.|
|Great performance from WPF over last month but now it's at a 16% premium to NAV and yield of 3.75% I've sold and doubled up in TAP which is at about 1% premium and still yielding nearly 6% with next divi due in a couple of weeks. TAP has lagged the sector since launch but I'm hoping that Teesland will start to extract some extra performance from the portfolio and the shares will catch up.|
followed your link. very useful, thanks.
Have you come to any conclusions re QWIL yet?
I'm wondering if it may be better to sit and watch for a while. With investment co's having just panicked the 'last minute' people in to using up last years isa,
and now trying to push them in early for this years, I can't help thinking we'll be able to buy in to these type of funds at a better price when the isa fever dies down.|
|Similar investment style here -- may be of interest
|Good luck fordtin. Must admit my broker did a good job on ICH purchase and we only paid 0.5p above the mid.
Back on topic UBR looking quite expensive now imo on short term view. Better value in other property trusts? Not sure why WPF and TAP are lagging but confident they will catch up with the premiums soon.|
have looked at ICH before and couldn't remember why I passed on it.
Had a bit of spare cash from profit-taking on lloyds, so I put 5k in to ICH.
Then I remembered, the spread! Oh well, no pain, no gain.
CHTR doing very well, thanks|
|Ford - lol...no more to do with the waist...thanks for your ideas. i was quite interested in IUKD but in looking at this further ended up being even more attracted to ICH! 8.5% divi and about 15% discount to NAV... Just wish i'd come across this before!
Hopefully the property trusts will get another leg up in early April when the Q1 NAV announcments start coming through. Market still very strong me thinks but may not be fully reflected in valuations at this time of year. Most fund managers lean on the valuers most heavily at the year end.|
is that short for chop suey hongkong style?
Thanks for the tips. have put a small toe in to WPF and CHTR, and a slightly bigger toe in TAP.
others I hold which may interest you;
SLI SP137.75 nav@09/02 124 (Propery)
SHRS SP323 nav@01/02 315.8 (P&O, SVT, BB., FP., LLOY, ANLA, etc.)
SDV SP212 nav@21/02 224.89 (UU., SVS, FENR, ABU, DVW, HCU, etc.)
GLS share price 94 nav@210/2 91.8 (BA., HSBC, LLOY, SVT, WOLV, ATH, etc.)
CHI SP134.5 NAV@31/01 129.7 (PROPERY)
IUKD (TOP 50 DIVI'S FROM FTSE 350, no stamp duty, estimated divi 4.9% (my estimate, DYOR))|
|Sam - If you want another nice share with a quiet BB try CHTR
Sorry, you'll have to pay stamp for that one (but it probably won't take long to get it back!)|
|Another nice share, another really quiet BB.
Not a coincidence methinks.
BTW, it's nice not paying stamp duty, isn't it ;-)|