Abrdn European Logistics... Share Discussion Threads

[tiltonboy] 12/7/2024 09:24

Some iceberg this is

[skyship] 12/7/2024 09:23

61p-62p at the open.....then the iceberg returned; back to 60.8p-61.0p.

Great opportunity if you haven't yet bought!

[charly] 11/7/2024 14:49

Lovely iceberg @61p in play atm. When it goes this will be fun.

[skyship] 11/7/2024 14:12

Fantastic post by Checkers2 on the VL thread (P. No. 48) - Ennismore Fund Management flag up ASLI as a great buying opportunity:

[skyship] 07/7/2024 14:05

New Voluntary Liquidation thread ("VL"):

[skyship] 05/7/2024 13:11

18-24 months, yes. But this is the crucial bit which reduces the average payback period and increases the GRY:

"On the basis of the realisation profile of the portfolio anticipated by the Manager, the Company is targeting the commencement of returning capital to Shareholders by the end of 2024."

[stun12] 05/7/2024 13:03

Buying a bit here again. Enjoyed it last time! Paid more, but still below where I sold. Disposal plan seems to be going ahead based on this morning's RNS. Balancing debt paydown with returns to shareholders starting from late this year.

[essentialinvestor] 04/7/2024 14:07

Segro is buying larger units though?,
re the yield on their recent transaction..is that a valid observation?.

[skyship] 04/7/2024 07:34

Personally am looking for c78p inc. dividends (pretty much your figure!). If delivered by end 10/25 that would provide a GRY of 21%pa from 60.6p.

Put it another way - a gain of 28.7% in 16months.

[giltedge1] 03/7/2024 21:40

Looks good value for new entrants as can expect £0.75 or thereabouts within 18 months + 4p dividend. Units are modern about 5 years old average, sold oldest unit in France. Segro recently bought at 4.6% yield which means possible NAV rise next quarter.

[spectoacc] 03/7/2024 07:00

True, but ASLI is going to wind up, and the EBOX bid (when it comes..) will remove supply from the market. Can only help.

[essentialinvestor] 02/7/2024 23:55

Spec, the EBOX assets look a tier above ASLI to me.

There may still be some value here,
but the market appears unconvinced atm.

That being said, EBOX sold down to around 56 just a couple of werks back - the market does not always get it right.

[spectoacc] 02/7/2024 15:50

The Euro exposure doesn't help, but the impending EBOX bid ought to. The way I feel about these wind-up situations, they may go well or they may go not so well, but if it's the latter you're still unlikely not to make money.

Timescale is arguably a more key unknown than sale prices - whether most money comes back in 6 months, 18 months, or 3 years, makes a big difference to returns.

[williamcooper104] 01/7/2024 16:27

They'll bob around It's a small cap So will always be pretty volatile

[paulboz] 01/7/2024 15:07

In the short term, the market can be irrational so a 5% drop is fairly inconsequential. Like you, I've invested here for the wind down in the hope that the final return will work out in excess of 10% per annum. I'll probably buy some more of these this week.

[starpukka] 01/7/2024 14:57

ASLI: I bought for the winding-up; but it's 5% down in the last month. What's going on ?

[skyship] 27/6/2024 11:37

nickrl posted this on the EBOX thread. Interesting yields.

SEGRO acquired 3 warehouses in Netherlands for E222m at net initial yield of 4.6% at acquisition and the equivalent yield is 5.8 per cent maybe an indicator that European mkt is still alive.

[hindsight] 24/6/2024 16:18

Got a top up filled at 60.20p, will soon see how realistic the NAV is

[speedsgh] 24/6/2024 14:33

Result of AGM -

At the Annual General Meeting of the Company held on 24 June 2024, in accordance with the Board's recommendation, Resolutions 1 to 12 contained in the Notice of Meeting were duly passed and Resolution 13, the continuation of the Company, was not passed, with all voting having been conducted on a poll.

Following the AGM, the Board of Directors is pleased to note that shareholders have followed the Board's guidance in voting against the Continuation resolution. This allows the Company to move forward with the recently announced plan to place the Company into managed wind-down. The Company expects to issue a circular in the coming weeks which will provide details of a general meeting to be held which will seek shareholder approval for the required change to the Company's investment objective and policy in advance of the commencement of the managed wind-down process...

[killing_time] 24/6/2024 10:44

Yes. The continuation vote result is today so maybe we will get the result later on today.

[value hound] 24/6/2024 09:43

Is it the AGM today?

[skyship] 10/6/2024 16:44

Small top-up @ 60.7p to take me to my full 10% allocation.

Raj - yes, EBOX has a more modern estate with 89% less than 10yrs old.

[raj k] 07/6/2024 07:11

Looking at the last annual report the portfolio summary on p34 shows 18 out of 32 units (note some are at the same location) were built from 2018 onwards. i would assume these are up to date units interms of efficiency etc. I think EBOX units were all new built?

[essentialinvestor] 06/6/2024 16:07

Bought a small amount.