Mucklow (a & J) Share Discussion Threads

[stevegrass777] 04/9/2018 08:57

Agreed Quepassa, really robust results, and focusing on developing rather than acquiring new properties seems the right thing to do at the moment.
Also they are preparing to pick up any cheap assets if any downturn does eventually happen.
Very well run and the increase in NAV is great.

[essentialinvestor] 04/9/2018 08:54

I hold here, however think this report marks the top of this cycle.
They are astute(as per usual) in taking advantage of current strength through
disposals. LTV at 16%.

[topvest] 20/8/2018 17:34

I’m not sure if thats quite correct much as I like Mucklow. I thought the record is raised or held dividends. Didn’t they hold the dividend a few years? Great company though..one to hold forever!

[losos] 17/8/2018 12:14

redartbmud - "Rupert will be very keen to get to 50 years of dividend growth. That would indeed be a milestone."

Yes, 50 years would indeed be amazing. Even in the Investment Trust world the best I can find (according to the AITC) is 46 and only three of them.

I would be happy if they can keep the increase this year to RPI/CPI or slightly above.

[redartbmud] 13/8/2018 11:48

QP

Always live in hope, but Rupert will be very keen to get to 50 years of dividend growth. That would indeed be a milestone.

[redartbmud] 13/8/2018 10:52

QP

Mucklow will not give a "GOOD INCREASE in dividend". They have about 47 year's consecutive dividend increases, many of which are very small. If they offer too much, in any one year, they run the risk of having to declare a reduced price at some time in the future.
that having been said, they are a REIT, so are somewhat constrained by the rules. They may have to give away more than they would wish to, unless they can 'massage' some of the figures, to keep a bit up their sleeves.

red

[losos] 13/7/2018 13:11

QuePassa - Yes I can remember when they were Slough Estates and I was a shareholder when they changed the name to SEGRO, it was a bumpy road for a good few years but they eventualy exited their US properties. I hold Mucklow (Obvious since I am reading this board haha) and may well get back into SEGRO.

Seems internet shopping is becomming the 'norm' so good for cardboard box makers, warehose facilities, and delivery companies. I think I've got the first two covered but not sure on who to pick for 'delivery companies' most of the big ones are not listed on the London Stock Exchange, am I correct there ??? Some one tell me I'm wrong haha.

[losos] 19/6/2018 20:04

SKYSHIP - Thanks for the update :-)

[skyship] 05/6/2018 12:46

Losos - re those listed holdings - I think I'm right in saying that that has finished.

[skyship] 16/5/2018 09:09

You do as you wish - I merely pointed out the opportunity as HCFT on very few people's radar...

[my retirement fund] 16/5/2018 09:05

Okay Sky we will all sell up here and move to your highcroft then shall we.

[quepassa] 15/5/2018 22:40

what a vile filthy anti-semite.

[my retirement fund] 15/5/2018 20:07

Highcroft what another one of those reits whos directors have about as much skin in the game as a foreskin of a jew.Naaa think I'll hang around here for another 50p thanks.

[skyship] 15/5/2018 14:30

Well done all holders – MKLW has now extended to a 12% NAV premium whilst the yield has dropped to below 4%. They made a nice chart breakout when they broke out of their 4yr slumber (see P. No. 123 above); but now look overbought.

The warehousing strategy appears to be meeting with investor approval across the sector; so I played into that trend by buying into off-the-radar mini-propco Highcroft (HCFT). At the year end the portfolio stood at 74% warehouses and retail warehouses.

The more I read Highcroft's (HCFT) recent Prelims the better I like them, especially considering the Yield of 5.1% & the Discount of 21.6% at today's offer price of 910p.

There was an interesting appointment to the Board at the end of last year. Charles Butler - the former CEO of Market Tech - the £3bn propco which owns great chunks of Camden Market. Certainly represented a vote of confidence in HCFT & its Board.

More info here:

[my retirement fund] 20/4/2018 13:26

Fab always should be a stock that commands a huge premium imo. Just look at its history.