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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Abrdn European Logistics Income Plc | ASLI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 59.40 | 08:41:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 61.00 | 59.40 | 61.00 | 59.40 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 23/08/2024 | Interim | GBP | 0.0077 | 05/09/2024 | 06/09/2024 | 27/09/2024 |
| 23/05/2024 | Interim | GBP | 0.0121 | 06/06/2024 | 07/06/2024 | 05/07/2024 |
| 12/10/2023 | Interim | GBP | 0.0123 | 30/11/2023 | 01/12/2023 | 29/12/2023 |
| 18/08/2023 | Interim | EUR | 0.0141 | 31/08/2023 | 01/09/2023 | 22/09/2023 |
| 22/05/2023 | Interim | EUR | 0.0141 | 01/06/2023 | 02/06/2023 | 23/06/2023 |
| 17/02/2023 | Interim | GBP | 0.012 | 02/03/2023 | 03/03/2023 | 24/03/2023 |
| 24/11/2022 | Interim | EUR | 0.0141 | 01/12/2022 | 02/12/2022 | 30/12/2022 |
| 22/08/2022 | Interim | GBP | 0.012 | 01/09/2022 | 02/09/2022 | 23/09/2022 |
| 24/05/2022 | Interim | GBP | 0.0119 | 01/06/2022 | 06/06/2022 | 24/06/2022 |
| 18/02/2022 | Interim | GBP | 0.0121 | 03/03/2022 | 04/03/2022 | 25/03/2022 |
| 23/11/2021 | Interim | GBP | 0.0121 | 02/12/2021 | 03/12/2021 | 30/12/2021 |
| 19/08/2021 | Interim | GBP | 0.0121 | 02/09/2021 | 03/09/2021 | 24/09/2021 |
| 24/05/2021 | Interim | GBP | 0.0121 | 03/06/2021 | 04/06/2021 | 25/06/2021 |
| 24/02/2021 | Interim | GBP | 0.0124 | 04/03/2021 | 05/03/2021 | 26/03/2021 |
| 24/11/2020 | Interim | GBP | 0.0124 | 03/12/2020 | 04/12/2020 | 30/12/2020 |
| 25/08/2020 | Interim | GBP | 0.0124 | 03/09/2020 | 04/09/2020 | 25/09/2020 |
| 26/05/2020 | Interim | GBP | 0.0124 | 04/06/2020 | 05/06/2020 | 26/06/2020 |
| 24/02/2020 | Interim | GBP | 0.0127 | 05/03/2020 | 06/03/2020 | 27/03/2020 |
| 20/11/2019 | Interim | GBP | 0.0127 | 28/11/2019 | 29/11/2019 | 20/12/2019 |
| 06/09/2019 | Interim | GBP | 0.0127 | 19/09/2019 | 20/09/2019 | 07/10/2019 |
| Top Posts |
|---|
Posted at 04/9/2024 09:50 by williamcooper104 EBOX hadn't rebased their NAV to a net realisable value ASLI have |
Posted at 04/9/2024 08:18 by spectoacc Sadly, I agree. Only slight caveat is that ASLI have at least knocked their NAV back recently (as did API). |
Posted at 04/9/2024 08:16 by llef All share bid by Segro for Ebox.At last nights prices it was a 14% discount to March NAV. To my mind, that doesn't augur terribly well for bids close to NAV for ASLI. |
Posted at 30/8/2024 19:59 by paulboz Skyship: do you still see ASLI returning around a GRY of around 18% ? The share price has stagnated over the past couple of weeks in light of the NAV reducing a tad. |
Posted at 30/8/2024 16:19 by llef another cut would be helpful background economic data for ASLI sales...from bloomberg: "Euro-area inflation plunged to the lowest level since mid-2021 – reinforcing arguments for another cut in interest rates by the European Central Bank in less than two weeks." |
Posted at 30/8/2024 09:23 by spangle93 write up of the recent results"The cost of winding down has wiped a chunk off the value of Abrdn European Logistics Income (ASLI), although stabilising property markets should make offloading its portfolio of warehouses easier...." "The Reit continues to trade at a chunky discount of 17% to NAV and Rees said this likely ‘reflects caution over management’s ability to drive competitive tension in the sales process when the fund is seen as a motivated seller in the market’. Investor returns will not only be driven by the prices achieved for the assets but also the timeline in which sales are completed and cash returned, he said. |
Posted at 23/8/2024 08:57 by loglorry1 API estimated £6.7m costs vs c€25m for ASLI? ASLI NAV is bigger but not that much bigger. |
Posted at 23/8/2024 07:33 by spectoacc Agreed.Property takes time, but with both ASLI & API, they'd already had the "advertising period" before choosing to wind up. Wouldn't expect everything to go early - always some duffers left over - but might have expected both to have achieved early sales of some, if not a majority. But at least it's a waiting game with dividends. |
Posted at 30/7/2024 13:27 by garbetklb I wonder if API / ASLI would announce individual sales? Or provide something more like a 1/4ly update, together with divi announcement?I'd imagine it would be possible to find many of the properties for sale (like Far Ralia) and track when they become unavailable. But without the sale price, that's of limited use, I'd guess. |
Posted at 23/5/2024 15:29 by simon gordon Flagged up on Citywire on Tuesday....Abrdn European Logistics to wind down after dismissing 11 low-ball offers Abrdn European Logistics Income (ASLI) is to wind down after failing to strike a deal with one of the ‘significant number’ of parties that showed interest in the real estate investment trust (Reit). After a six-month strategic review born from frustration at the wide discount on the share price, the board of the £251m portfolio of warehouses and distribution depots has concluded that a managed disposal process and return of capital is in the best interests of shareholders. Chair Tony Roper said the board had received 11 approaches proposing a range of options, including all-share mergers, plans to change the investment management team, recapitalisations and cash offers. However, he said as all were priced at ‘material discounts’ to net asset value (NAV), none could compare with the shareholder value obtained from selling the trust’s assets over the next year. In addition, he said the Reit’s current vacancy rate of 6.5% ‘provides the potential opportunity to capture the value associated with letting this vacant space ahead of a disposal’. The board believes the majority of assets can be sold by the end of the second quarter of 2025 given the fund has ‘completed a substantial amount of preparatory work’ on the 25 urban and mid-box logistics assets to enable swifter sales. A significant number of the interested parties that came forward when ASLI hoisted the ‘for sale’ sign were keen to acquire assets within certain geographies or individual assets rather than the whole portfolio. The board said this provides ‘comfort as to the likely level of offer or interest in the managed wind-down process’ and predicted that the ‘pool of potential offerors is expected to be large’. The news was not unexpected and the shares firmed 1% to 63p – 37% below their 2017 launch price and trading at about 22% under their estimated NAV of 81p on a 6% yield. The macroeconomic backdrop that ASLI will be offloading assets into will also be more favourable, as drivers such as e-commerce and nearshoring continue, and lower interest rates in the second half of the year continue and will ‘support transaction volumes and pricing,’ Roper said. Assuming shareholders approve the wind-down, the board will continue to pay dividends to maintain the investment trust status but the level of distributions will decline as the portfolio reduces in size and capital is returned to shareholders. Deutsche Numis analyst Andrew Rees said transaction volumes had been subdued over the past 18 months but that the ‘industrial and logistics sector remains sought-after, particularly for urban, last-mile buildings, and therefore assuming the wind-down is approved by shareholders, we would expect the sales processes to yield swift outcomes for several assets’. |
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