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PILR Pacific Ind

119.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pacific Ind LSE:PILR London Ordinary Share GB00BYV8MN78 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 119.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
117.00 121.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 119.00 GBX

Pacific Ind (PILR) Latest News

Pacific Ind (PILR) Discussions and Chat

Pacific Ind Forums and Chat

Date Time Title Posts
29/4/201807:13Pacific Industrial & Logistics REIT - from the Pacific stable82

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Posted at 17/4/2018 17:08 by spectoacc
269k at 121p is interesting, tho prob delayed-reported.

I like PILR in that they're shrewd - can see them being eg £2.50 in a 5 years time, whereas eg RGL (which I also hold) are further down the scale, albeit with a great yield.
Posted at 10/4/2018 10:11 by tiltonboy
This was done at a premium to the price you could buy at in the market, and even more so when considering you don't get the dividend either!
Posted at 10/4/2018 09:20 by skyship
Specto - agreed, that 119.5p placing price is pretty impressive, as likely to have been at a premium to underlying NAV. 116.2p as at 30th September, so by now may be up 2%, but no more than 119p.

With the historic yield below 3%; of course set to move higher but every new placing provides funds that have to be put to work - so an earnings lag.

Sp unlikely to make any progress IMO. Better value elsewhere, especially RGL & RLE; though have to admit I'm talking my book in that respect!
Posted at 09/4/2018 07:54 by spectoacc
Price is OK at least - 119.5p, not bad in this market.
Posted at 30/3/2018 09:40 by lovat scout
I won’t bore you with the full story but PILR were first movers in the listed mid/small logistics space, have great management and board but have been let down badly by their choice of brokers in trying to gain scale. Warehouse REIT overtook them in one leap but Warehouse then panicked and bought a fully priced portfolio from Hansteen. PILR is a good investment but they don’t make it easy for us to get involved. The second fund raise was mostly from platforms and intermediaries- why not repeat the exercise?
Posted at 29/3/2018 18:07 by lovat scout
So placing scaled back to £20m and no access for PIs. The company is really doing a good job of alienating investors, especially as the wide share price spread discourages already. It will be interesting to see where the placing is done as NAV must be north of 120p in this strong property sub-sector.
Posted at 19/3/2018 07:29 by spectoacc
Like the sound of the assets, the name change, the 10-15% targeted return and "in excess of 6%" divi - but is a placing price mentioned?
Posted at 16/3/2018 09:57 by spectoacc
Haven't seen the press, and seemed to be covered last month anyway, but - they'd better not dilute:

16 March 2018
Pacific Industrial & Logistics REIT plc
("Pacific Industrial & Logistics " or the "Company")
Response to Press Commentary
Pacific Industrial & Logistics, (AIM: PILR), the specialist UK industrial and logistics REIT, notes the recent press commentary in Property Week.
Pacific Industrial & Logistics has a strategy to build a significant real estate business with a focus on assets in the industrial and logistics real estate subsectors with individual values of less than GBP10 million. The Directors believe that an attractive investment opportunity exists to develop a diversified portfolio of properties which meet its target investment criteria, which are located in key logistics locations and which have strong cash flow characteristics.
The Company confirms it is in preliminary discussions with existing and potential new investors to raise equity finance of up to GBP50m to fund the acquisition of an identified pipeline of urban logistics assets. There can be no certainty that either the fundraising nor the acquisitions will complete.
The Board will provide a full update in due course.
Posted at 13/8/2017 14:32 by nimbo1
Yes I will wait for the next raise but of course price may fall as new 115p shares aren't on the market yet. When they arrive more stock may become available. Don't really mind either way to be honest. This will probably be at 130-140p within 12 months I would hope with decent Dividend yield secure if course
Posted at 31/7/2017 12:23 by spectoacc
Ha ha there it is.

"46,086,957 Placing Shares have been conditionally placed with Placees at 115 pence per Placing Share to raise gross proceeds of approximately GBP53.0 million. The Placing is not underwritten. "

Tiny NAV dilution but since that's a moveable feast in itself, I'm happy enough - 115p placing price. Didn't raise as much as they'd hoped but significantly better than last time, and probably only one more placing away from being a serious player.
Pacific Ind share price data is direct from the London Stock Exchange

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