Abrdn European Logistics... Share Discussion Threads

[badtime] 09/8/2024 15:55

Well that didn't last lol

[mr roper] 09/8/2024 14:29

Picked up another batch today

[chucko1] 09/8/2024 11:03

Just be patient - it's all brewing nicely!

Sky, my assumption is that the tap finished a couple of weeks back.

[badtime] 09/8/2024 10:40

Improved a bit more ..as of now

[skyship] 08/8/2024 15:10

ASLI improving to 61.8p-62.4p in spite of some quite chunky selling. Might that tap-seller from last month be reappearing?

Then a minute later they jump to 62.4p Bid. Nice!

[mr roper] 02/8/2024 16:53

Nice finish!

[skyship] 30/7/2024 13:47

Garbet - I suspect they'll announce individual sales as they progress the wind-down.

[garbetklb] 30/7/2024 13:27

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.

[spectoacc] 30/7/2024 08:50

Timescale an issue, property doesn't move quickly, sometimes in years (eg for PCA's Hudson Qtr flats - many, many years).

Bearing in mind API had two suitors, and ASLI had multiple bidders for individual properties/groups of properties, it's noteworthy there's been next to no sales announced yet - agreed sales, let alone completions.

It'll come, & they're my two largest holdings, but property takes time.

[chucko1] 29/7/2024 22:13

I have not spread the word so much as spread the capital. I like the short expected duration at a time when the relevant rates (5-10yr Gilts/Bunds etc.) have likely levelled out. 30% gains seem over-optimistic, but are they? GABI (albeit not quite the same asset-type) has shown what is possible if you can be patient. Even AEET has been successful so far, notwithstanding what I expect to be a difficult second half.

I therefore expect to see risk premia reduce, and see 10% capital gains on the non wind-down ITs via discount reductions. A portfolio of that lot with the wind-down certainties is my aggregate theme with individual exposures graded for increasing "certainty".

[giltedge1] 29/7/2024 21:35

Hello skyship I agree with your numbers, I meant I expect speedy return of capital, 80p odd in total including income. 70% in 7 months, 30% balance in 12 months. Sales packs are ready properties new & have good esg credential & European Institutions are buyers to add to their Commercial Property portfolios with interest rates dropping. Well that's my theory!.

[skyship] 29/7/2024 14:40

giltedge - a little over the top surely!?

Last NAV stated 93.7c (79.0p). Add in some reducing income of perhaps 4.8p over 15months and we could maximally see 83.8p for a max of 35% in, say, 15months.

That would certainly be a great result.

I'm looking for a rather more conservative 78p total for a still great 26% return in that same 15months.

However we look at it, ASLI is an opportunity which no-one should miss; so spread the word far and wide on every thread you visit...

[giltedge1] 29/7/2024 14:22

Yes having a good day for once, whole Reit sector doing well. Segro up 3% & trading at a premium. A good read across to this trust. We should have an RNS soon on progress of sale. I am hoping for 60 - 70% return within 6 months!.

[mr roper] 29/7/2024 14:06

Bit of life here today

[skyship] 26/7/2024 13:31

mark55man - just the chart; and the fact that they've remained too cheap for too long thanks to that institutional tap.

[mark55man] 26/7/2024 11:10

Happy to believe you @Skyship but is there any news that makes you think that or just the chart

would be nice I've only been invested for a week and whilst I understand this is up to 18months timeframe I always feel better to be a bit up on the deal as early as possible

[skyship] 25/7/2024 14:47

Breakout coming...


free stock charts from uk.advfn.com

[citytilidie] 25/7/2024 14:13

Don't you just love the idiot that's trolled through the last few hundred posts posting red flags on everyone. Bring on the red flags

[citytilidie] 24/7/2024 18:49

It looks like the seller at 61 may have gone, however it doesn’t mean he doesn’t have more to sell higher up. On the plus side, it was an SETs trade which means that someone bought them as well

[chucko1] 24/7/2024 16:25

There have been previous false dawns, and several days needs to pass to establish this potentially higher level. Whatever, the seller has to be exhausted at some stage.

[cwa1] 24/7/2024 16:18

Is it my imagination, or have we broken the 61p level?

[skyship] 23/7/2024 13:39

99.8% - pretty nip & tuck then 😊

[spectoacc] 23/7/2024 10:50

99.8% in favour, on a c.56% turnout - comprehensive, in the scheme of things.

[skyship] 22/7/2024 16:45

Interesting trades today. Main action was at 14:42 with a put-through of 650k @ 61p.

Well over another 500k bt at 61p subsequently.

Tomorrow we have the EGM to approve the wind-down.

General Meeting

The General Meeting has been convened for 10.00 a.m. on Tuesday, 23 July 2024 to be held at the offices of abrdn plc, 18 Bishops Square, London, E1 6EG.

[skyship] 19/7/2024 13:33

dean - I suspect we won't no until they finish.