Good luck with IG. My impression is their corporate actions team are extremely under resourced. I'd expect a delay in getting your payment. |
It's in with ii; what are the experts doing; reinvesting the divi back in ASLI? |
iDealing have paid me 4p |
I've emailed IG. I'll let you know the outcome. |
No, IG have paid an amount of 0.81p per share to us as well, rather than the 4p we were expecting. What's going on? |
I've been paid by AJ Bell too but IG Index have paid the divi of 0.81p rather than the distribution of 4p. Anyone been paid correctly by IG? |
Must have another look at SWEF Guess the risk is that the impaired loan takes a lot longer to repay - and possibly with greater losses If your comfortable with that, then the average life of c1 years is attractive The team who put together the loans at SWEF are very good (much better than GABI) plus Starwood's US CRE lending platform has a good record |
Skyship,
My post 809: I appreciate that its just maths, but I wish they (and indeed all the wind downs) would take a leaf out of SWEF's book and reduce the shares in issue following the B issue. Just makes it so much easier to keep track of the dividend and NAV per share.
Yours 811: ASLI propose the same procedure.
The key thing I referenced was the reduction in share count which is not proposed here, hence the c. 4p fall. Makes it harder to track true performance.
Also as someone (was it Spec?) pointed out the fall is never the correct mathematical reduction allowing for the discount as it allows MM's to play games.
SWEF is a lot simpler and more transparent |
finally got paid by A J Bell |
Got it ii but not HL, they're usually around Noon. |
Still nothing from AJBell |
Got it in x-o but not aj bell or iweb yet |
Yes, cash in at ii now |
ii have credited with it this morning |
Mine came in this morning |
Not in my A J Bell yet |
Anyone received their return of capital yet? |
Stolenscone - indeed - thnx for that |
Thanks @Stolenscone. |
Just to add: c30m euro of debt is secured against the pair. |
Two properties brought to the market:
1. 194k square ft logistics centre at Floersheim, near Frankfurt. Last NAV valuation at 25m euro.
2. 290k square ft warehouse at Erlensee, near Frankfurt. Last NAV valuation 38m euro.
JLL marketing, as a pair or individually. We'll see what offers arrive, but they appear to be being marketed at or around the latest NAV figures. |
Funds due tomorrow with the div at the end of the month. If they are true to their word, we should have some news over the next 10 days.
My biggest holding now and not only has this a lot more to come, I'm sure it's help protect our portfolios from this years volatility. |
Yep bad news about AGR. I had earmarked them as the new home for my 4p. I already have decent amounts of SEQI and SUPR but will take a look at SOHO. I'm also considering INPP, which yields less than the others but does feel relatively safe and could easily be another takeover target.I guess my rock atm is PHP.Cheers! |
I have "too many" as I do not hedge out the FX and own enough EUR property anyway. Perhaps this European "reawakening?" provides a decent tailwind to the currency. Trump/US imported inflation perhaps the counterbalance.
There are still some decent things to buy other than ASLI, but the choice is rapidly diminishing with AGR being eliminated as well as WHR. It's quite some momentum.
SOHO and SUPR my now favourites, but SEQI is my rock. |
I would not expect the market to follow fundamental value! So, yes, fundamental value would dictate 58.1p ceteris paribus, but the market price will wander wherever its heart desires until such time as discounted values are exchanged for cash. You can always discount cash, but one day it turns up in your account and is not subject to market forces - only your own!
The wind down of TENT has led to a very mispriced situation where there appears to be 6p of remaining cash and receivables trading at effectively 2p. I think there is actually 4p of pure cash within that, but you have to wait a year or so to see it. To a lesser extent, the same thing happened with EPIC. Fundamental value seems not to be as strong a force in today's markets as compared with pre rate rises, but that is natural. But also to be taken advantage of for the patient investor, it seems to me. |
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