Abrdn European Logistics... Share Discussion Threads

[paulboz] 27/9/2024 06:12

Interim results out today. They look underwhelming to me but I'm no accountant. I don't expect a spike in the SP....

[mark5man] 26/9/2024 15:21

My thinking is to hold onto API for a bit longer (prob weeks or couple of months) and see how the news unfolds. Even if its another 10% ie 65p that would be a little more for the next deal. ASLI is tempting but I have a chunk already. Not unwilling to double that but would want a look around first

[skyship] 26/9/2024 15:21

I continue to hold both; but if you've banked a nice turn in API and moving on, then, sure, ASLI, SERE or SHED seem value - with ASLI the most assured due to the wind-down.

[paulboz] 26/9/2024 14:38

Sky: Having made a fairly quick 10% on API, I'm now tempted to take the profit and switch to ASLI. What do you reckon?cheers

[skyship] 26/9/2024 11:44

Has to be the right thing to do - especially on the API emerging news.

[spindoctor111] 26/9/2024 10:20

ASLI share price looking a little forlorn cf. API. A bit of UKP strength not helping intrinsic value. But the chart... set up to burst North; quite remarkable that it has stayed welded to 60p for so long. News to come. I've topped up.

[mr roper] 16/9/2024 08:14

Lively start today

[panshanger1] 14/9/2024 08:06

I own all those plus BIPS and MGCI- worth considering?

[mark5man] 14/9/2024 07:57

From an income perspective SMIF NCYF and TFIF (I own the first 2) also get a lot of attention on the Fixed Income thread (although there is a lot of chatter to wade through so I only read that periodically)

A little more exotic but FAIR gets a lot of support, but priced and paid in US$ so a little extra risk/reward.

Just for disclosure I am not a finance professional and am quite new to using my P/F to generate income rather than growth - but all the above look steady and the balance of interest rate risk up/down fixed/floating seems ok. FAIR is probably the wildest

[paulboz] 14/9/2024 07:17

I appreciate the recent suggestions and will definitely take a good look at CLI, GCP, OCI and SEQI. My SIPP is very much focused on income so I own all of the usual suspects such as AV, CSN, LGEN, MGN, PHP etc. I also have API, ASLI and SUPR among others.

[chucko1] 13/9/2024 13:52

It really depends on a timeframe. Total return on, say, SUPR/SEQI/perhaps GCP will exceed that of ASLI. But there is a case for a mixture of wind-down candidates with a duration of, say, 2 years and an IRR of 17% or so with non wind-down (we think) issues as mentioned above with IRRs of 9-10% over long periods as discounts narrow and performance remains steady.

The far greater tolerance to interest rate risk of the GBP-denominated wind-downs is underpriced, in my view. The lack of pay restraint signalled by this new government in its first weeks may have a way to play out. May not, but it's a new risk.

[hpcg] 13/9/2024 13:36

PaulBoz - there are renewable and infrastructure type plays that will close their larger discounts and pay a growing dividend. I don't think the risks are much higher. There are both growth and value stocks with deep buy backs going on. IMO they are no more risky over the time line of ASLI returns than ASLI and are likely to do better. I'd just be talking my own book if I named some of these and they all require some degree of personal investigation.

I'm not saying ASLI will lose money, or not make a reasonable return, but it is a long way down the list for my EBOX money that is for sure.

[spindoctor111] 13/9/2024 11:32

PaulBoz. The three mentioned above are very solid with v limited downside as has been said. I hold 2 of the three
I am also keen on OCI. A very different sector! V well managed, nice discount to stated NAV, positive exit news expected and the boss has plenty of skin in the game and has been adding.

[skyship] 13/9/2024 10:59

PaulBoz - ASLI my largest holding; then API; then CLI. Take a look at this last.

Sp has been hammered due to their chosen sector of Offices. However, look under the bonnet and the 60% NAV discount and the 8.5% yield on a well-covered dividend, does seem more than a little harsh.

Berenbergs now upgrading and looking for a 25% recovery to 114p. I'm looking for much more; especially if the 60% controlling family decide to diversify their trusts and sell out to PE. An immediate 75%-100% profit!

[mr euro] 13/9/2024 10:47

API is my 4th largest holding (now 3rd) and I am sat on a nice return. Will let it ride.

ASLI was my 3rd however I have trimmed the position this morning as I was wasn't comfortable being that over weight and had been in the red for too long.

With hindsight and had I not been sloppy, I would have allocated more into API.

[spectoacc] 13/9/2024 10:35

ASLI my 2nd largest holding (API 1st), IMO people under-rate limited downside risk. Neither will shoot the lights out, but neither seem likely to return lower than current s/p's.

Timescales key of course, but been enjoying the income so far.

[paulboz] 13/9/2024 08:48

Out of interest, which stock would you class as an amazing opportunity or at least far better than ASLI? Thanks in advance

[return_of_the_apeman] 13/9/2024 08:39

Ah ok, so just cheap - volume is tailing off

[return_of_the_apeman] 13/9/2024 08:09

1.3M in first hour, around 20x volume possible today

Confusing but I expect the answer is on it's way

[williamcooper104] 13/9/2024 08:09

Look at EBOX

[return_of_the_apeman] 13/9/2024 07:36

Strange volume here today

Average volume over the past week has been approx. 450k per day

Volume in circa. first 30mins is 900k already double the daily average

Any ideas why?

[hpcg] 13/9/2024 07:32

This still doesn't look an amazing opportunity compared with the rest of the investment universe to be honest, irrespective of what is going on at Eurobox.

[williamcooper104] 04/9/2024 08:50

EBOX hadn't rebased their NAV to a net realisable value ASLI have

[kernelthread] 04/9/2024 08:46

14% off the recently claimed NAV of 74.4p would be 64p here, so not a lot really.

[spectoacc] 04/9/2024 07:25

And yet. If you sell the whole co, stamp duty is 0.5%.

If you sell individual properties, stamp duty is 5%.

Not sure same applies on European assets - @Wc104 will know I bet - but there should be a premium for buying co over buying individual properties, of c.4.5%.