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ASLI Abrdn European Logistics Income Plc

60.80
-0.90 (-1.46%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn European Logistics Income Plc LSE:ASLI London Ordinary Share GB00BD9PXH49 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.90 -1.46% 60.80 60.80 61.20 61.00 60.70 61.00 1,012,823 16:09:51
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 36.6M -18.44M -0.0447 -13.60 250.6M
Abrdn European Logistics Income Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker ASLI. The last closing price for Abrdn European Logistics... was 61.70p. Over the last year, Abrdn European Logistics... shares have traded in a share price range of 49.45p to 82.60p.

Abrdn European Logistics... currently has 412,174,356 shares in issue. The market capitalisation of Abrdn European Logistics... is £250.60 million. Abrdn European Logistics... has a price to earnings ratio (PE ratio) of -13.60.

Abrdn European Logistics... Share Discussion Threads

Showing 1 to 4 of 350 messages
Chat Pages: Latest  2  1
DateSubjectAuthorDiscuss
15/12/2017
16:48
Welcome, LG. Good to have you here :o)
speedsgh
15/12/2017
16:31
Greetings speedsgh. Thanks for setting up the thread. One to watch for me for the time being. I may get lucky if it dips below the launch price on a bad day for the market.
lord gnome
15/12/2017
15:29
Director/PDMR Shareholding (15/12/17) -
MR PASCAL DUVAL (NON EXECUTIVE DIRECTOR) bought 30,000 @ 100p = £30,000

Director/PDMR Shareholding (15/12/17) -
MR JOHN HEAWARD (NON EXECUTIVE DIRECTOR) bought 20,000 @ 100p = £20,000

Director/PDMR Shareholding (15/12/17) -
MS CAROLINE GULLIVER (NON EXECUTIVE DIRECTOR) bought 25,000 @ 100p = £25,000

Director/PDMR Shareholding (15/12/17) -
MR TONY ROPER (NON EXECUTIVE DIRECTOR) bought 30,000 @ 100p = £30,000

Director/PDMR Shareholding (15/12/17) -
MS DIANE WILDE (NON EXECUTIVE DIRECTOR) bought 20,000 @ 100p = £20,000

speedsgh
15/12/2017
15:23
!FOLLOWFEED
An investment trust listed on the premium segment of the London Stock Exchange offering a focused long term income strategy exploiting the demand-supply imbalance in European logistics.

Listed on the Main Market: 15 December 2017

Website -

Publication of Prospectus (20/11/17) -
Result of Initial Fundraising (13/12/17) -
Admission to Trading (15/12/17) -

From IPO prospectus...

INVESTMENT OBJECTIVE
To aim to provide a regular and attractive level of income return together with the potential for long term income and capital growth from investing in high quality European logistics real estate.

INVESTMENT POLICY
To deliver the investment objective through investment in, and management of, a diversified portfolio of ‘‘big box’’ logistics warehouses and ‘‘last mile’’ urban logistics assets in Europe.

The Company will invest in a portfolio of assets diversified by both geography and tenant throughout Europe, predominantly targeting well-located assets at established distribution hubs and within population centres. In particular, the Investment Manager will seek to identify assets benefitting from long-term, index-linked, leases as well as those which may benefit from structural change, and will take into account several factors, including but not limited to:
* the property characteristics (such as location, building quality, scale, transportation links, workforce availability and operational efficiencies);
* the terms of the lease (focusing on duration, inflation-linked terms, the basis for rent reviews and the potential for growth in rental income); and
* the strength of the tenant’s financial covenant.

The Company may forward fund the development of, or commit to the forward purchase of, new assets when the Investment Manager believes that to do so would enhance returns for Shareholders and/ or secure an asset at an attractive yield. The Company intends that forward funded or forward purchased assets will be wholly or predominantly pre-let at the time the investments are committed to.

DIVIDEND POLICY
Subject to compliance with the Companies Act, the Company intends to pay Sterling dividends on a quarterly basis. The Company will declare dividends in Euros, but Shareholders will receive dividend payments in Sterling. The date on which the Euro/Sterling exchange rate is set will be announced at the time the dividend is declared; and a further announcement will be made once such exchange rate has been set. Distributions made by the Company may take the form of either dividend income or ‘‘qualifying interest income’’ which may be designated as interest distributions for UK tax purposes. It is expected that the majority of the Company’s distributions will take the form of dividend income, rather than qualifying interest income, in the period during which the proceeds of the Initial Issue are invested; with the proportion increasing to a significant majority once that investment process has been completed. Prospective investors should note that the UK tax treatment of the Company’s distributions may vary for a Shareholder in the Company depending upon the classification of such distributions. Prospective investors who are unsure about the tax treatment of distributions which will apply to them should consult their own tax advisers.

The Company is targeting, for an investor in the Company at launch:
* an annual dividend yield of 5.5 per cent. per Ordinary Share (in Euro terms); and
* a total shareholder return of 7.5 per cent. per annum (in Euro terms),
(the ‘‘Target Returns’’).

Timing of Ordinary Share distributions
The Company’s financial year end is 31 December and the Company’s first financial year will end on 31 December 2018.

The Company intends to declare quarterly dividends to Shareholders with dividends declared in respect of the quarters ending on the following dates: 31 March, 30 June, 30 September and 31 December in each year.

The Company is targeting a first dividend of no less than 0.7p per Ordinary Share in respect of the period from Initial Admission to 30 June 2018, and expects to pay, in aggregate, dividends totalling no less than 3.0p per Ordinary Share in respect of the period from Initial Admission to 31 December 2018.

Publication of Circular and Prospectus; Placing, Open Offer and Offer for Subscription, and Share Issuance Programme (5/7/19) -

Links to Circular & Prospectus (Jul 2019) -

speedsgh
Chat Pages: Latest  2  1

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