Drum Income Plus Reit Share Discussion Threads

[nickrl] 04/8/2021 09:55

Biggest shareholder 7IM (c69%) want out so looks like a done deal to me.

[baner] 04/8/2021 09:22

CREI trade at a PREMIUM to its claimed TNAV.........so it is even worse than it first appear, this bid.

[edinandy] 04/8/2021 09:02

Looks like liquidity in a bigger Reit for 7IM. Not a good result. Should be selling the assets over the next year or two. Unless of course the valuation is a fabrication.

[baner] 04/8/2021 08:03

´This is a very bad bid - better liquidate the company in an orderly manner and pay a dividend meanwhile. Terrible.

[ammons] 04/8/2021 07:34

So CREI bidding 56.6p a share for DRIP when drip NAV as stated on 22 July was 70.11p a share. Whats in it for DRIP exactly? Scale?

[spectoacc] 23/4/2021 07:27

I don't understand that RNS. Not a single mention of calling it a day.

[spectoacc] 23/3/2021 14:14

Another 5p over the offer trade from someone, 20k at 60p. NAV north of 70p & hopefully coming back to us this year, but getting a little tighter.

[spectoacc] 12/3/2021 09:01

Someone paid 5p over offer (inc the wide spread) for just 4k of shares. Wondering if there might be a squeeze on, & a chance to exit pre-liquidation.

[spectoacc] 05/3/2021 20:54

Liquidation could take a while, but is very likely now - merger/outright t/o the alternatives. They can't reasonably do nowt after today's RNS.

[lord gnome] 05/3/2021 17:28

Because I prefer AIRE, AEWU, RGL and strangely, NRR. Equally good yields (except NRR) and good discounts to NAV, but without the risk of being stuck in a very illiquid stock if you needed to get out. To buy this is a gamble on liquidation and life's too short for that.

[baner] 05/3/2021 15:10

gnome - still very cheap so why not pick up what ever you can get at these low prices.

[lord gnome] 05/3/2021 08:56

One to ignore. Better options out there with good yields and discounts to nav on offer. This is almost impossible to trade in any meaningful way.

[spectoacc] 05/3/2021 08:47

Difficult to buy any. Last NAV 73p, seemingly going OK since, with re-opening of UK to help.

But will be months before they decide what they're doing, and won't necessarily be a piecemeal sale of properties. And if it is, could be say a year to get money back.

Still cheap here tho.

[baner] 05/3/2021 08:45

so 60p+ per share in the pipeline and until paid out the divi is indeed good.

[nickrl] 28/3/2020 18:27

Sitting at about 50% of last reported NAV, not that means much now, but given 80% shares held by seven inv mgt i wonder if they will see this an opportunity to buy out the rest after suspending the divi of course to push the price down a bit more.

[apollocreed1] 15/1/2020 13:52

@jonwig - Thanks.

[jonwig] 14/1/2020 20:22

I think if poor quality properties and sub-prime tenants, a big risk is that there will be more CVAs and unfilled voids, especially if we enter recession.

[apollocreed1] 14/1/2020 20:18

Is this better value today than it was a few months ago?

[lord gnome] 08/7/2019 07:45

Currently uninvestible imv.

[jonwig] 08/7/2019 06:56

What's the situation here?

NAV is 91.7p and forecast dividend is a fully-covered 6p (PID).

But - LTV is 40% and loan matures in Jan 2020. Seven Inv Mgt hold 80% of the shares and MCap is only £30m. One tenant has enetered CVA. There are more attractive UK REITs for buying consideration.

[jonwig] 21/12/2017 07:54

Here's the full year results. Very decent too, and yield covered and high.



Shares about on a par with NAV (94.5p) but spread of 91-98 is savage, and would probably pay full offer price as there have been no trades this month, as far as I can see! (Will try it out later this morning.)

[lord gnome] 09/2/2017 13:02

Hi Jonwig. Thanks for your comments. I came across DRIP by accident, so I haven't had chance to do any real research yet. I will be taking a closer look when I get time. It does however, look to be at the riskier end of the spectrum.

[jonwig] 09/2/2017 08:54

Hi, M'Lud. I looked at this from time to time but there were very few trades and the nominal spread was pretty huge. Don't they invest in property nobody else wants? And isn't a huge chunk of the shares held by one institution?

A new REIT is coming to market this month (public offer via some brokers), LXI REIT. Haven't weighed it up yet.

[lord gnome] 09/2/2017 08:45

No thread for this, so I thought I'd start one. 5% yield paid quarterly.

'The Company aims to provide shareholders with a regular dividend income plus the prospect of income and capital growth over the longer term. The Company invests in smaller UK commercial properties, principally in the office, retail (including retail warehouses) and industrial sectors, which have the potential to offer a secure income stream, to create value through active asset management and have strong prospects for future income and capital growth.'

Web Site: hxxp://www.dripreit.co.uk/

[toffeeman] 09/2/2016 12:23

Hi Patrick

I presume you are leaving your RMV short running - great call!

I sold 80% of mine at 4049 just before they tanked and that recouped my initial stake - so I shall let the rump run!