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ASLI Abrdn European Logistics Income Plc

59.60
0.00 (0.00%)
Last Updated: 11:37:56
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn European Logistics Income Plc LSE:ASLI London Ordinary Share GB00BD9PXH49 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 59.60 371,184 11:37:56
Bid Price Offer Price High Price Low Price Open Price
59.60 59.80 59.80 59.60 59.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust EUR 42.07M EUR -81.8M EUR -0.1985 -3.00 245.66M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:04:49 O 83 59.688 GBX

Abrdn European Logistics... (ASLI) Latest News

Abrdn European Logistics... (ASLI) Discussions and Chat

Abrdn European Logistics... Forums and Chat

Date Time Title Posts
11/12/202407:36Aberdeen Standard European Logistics Income plc670
24/8/201812:20Gross yields1
14/12/201718:22Aberdeen Standard European Logistics Income -

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Abrdn European Logistics... (ASLI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:04:5059.698349.54O
13:56:4259.6916,6559,941.00O
13:55:2359.80276165.05O
13:55:2259.6048,23228,746.27AT
13:55:1259.6031,85218,983.79O

Abrdn European Logistics... (ASLI) Top Chat Posts

Top Posts
Posted at 12/12/2024 08:20 by Abrdn European Logistics... Daily Update
Abrdn European Logistics Income Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker ASLI. The last closing price for Abrdn European Logistics... was 59.60p.
Abrdn European Logistics... currently has 412,174,356 shares in issue. The market capitalisation of Abrdn European Logistics... is £245,655,916.
Abrdn European Logistics... has a price to earnings ratio (PE ratio) of -3.00.
This morning ASLI shares opened at 59.80p
Posted at 10/12/2024 08:12 by spectoacc
Phayre-Smudge a book-talker - only have to look at the poor performance of TRY, or his comment that NAVs are "well well underpinned...by market activity".

He instigated the EPIC sale at well below NAV, EBOX has gone at below NAV, API portfolio has sold at below reduced NAV, CTPT went all-share below NAV, & so on.

REIT share prices reflect all this of course. TRY looks a particular mess of UK, European, and directly-held "grey" property to me, with an annual report showing a hundred and one holdings right down to miniscule size.
Posted at 06/12/2024 20:21 by wshak
Now freely available to read for anyone interested #ASLINB. It has gone ex-dividend for 0.87p since this article was written.https://open.substack.com/pub/paulypilot/p/bonus-article-asli?utm_campaign=post&utm_medium=web
Posted at 01/12/2024 13:57 by riverman77
Agree that ASLI looks a relatively safe bet in that you're unlikely to lose anything, although I find these wind-up situations tend to take a lot longer than expected, while prices achieved are usually well below par (I suspect because management just want to get rid of the thing as quickly as possible). Add in all the fees and other costs that will no doubt crop up and returns not likely to be particularly exciting. In terms of ASLI itself, they have been frustratingly slow in announcing any sales - basically no news in well over 6 months.
Posted at 22/11/2024 09:14 by llef
Very poor European PMI nos this morning, which can't be good news for ASLI's sales team.

On the other hand, the bad PMI nos have increased chances for a 50bp cut by the ECB in December, and 150bp of cuts are priced in for 2025, which should encourage buyers financed by debt.

An update of any sort by ASLI would be nice really....
Posted at 11/11/2024 21:31 by pyufak
any thoughts on when we get news - 27th of Nov last year was the Q3 NAV statement and announcement of strategic review.

I think we're all disappointed on the slow progress - I am guessing any sales would have to be announced as they are share price relevant therefore must be disclosed is my understanding .. is this thinking correct or do others know for certain on this front?
Posted at 31/10/2024 15:35 by stupidboypike
Just had a quick look here and the NAV looks like around 75p. What gives confidence that a wind down will yield significantly above the current 58p share price? This is a genuine question as on the face of it there seem better options but I know from the posters on here (Skyship in particular!) that it must represent a very good risk/reward play.

Best regards SBP
Posted at 26/9/2024 10:20 by spindoctor111
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.
Posted at 13/9/2024 13:36 by hpcg
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.
Posted at 30/8/2024 18:59 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 23/5/2024 14:29 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’.
Abrdn European Logistics... share price data is direct from the London Stock Exchange

Abrdn European Logistics... Frequently Asked Questions (FAQ)

What is the current Abrdn European Logistics... share price?
The current share price of Abrdn European Logistics... is 59.6p.
How many Abrdn European Logistics... shares are in issue?
Abrdn European Logistics... has 412,174,356 shares in issue.
What is the market cap of Abrdn European Logistics...?
The market capitalisation of Abrdn European Logistics... is GBP 245.66 M.
What is the 1 year trading range for Abrdn European Logistics... share price?
Abrdn European Logistics... has traded in the range of 52.80p to 67.00p during the past year.
What is the PE ratio of Abrdn European Logistics...?
The price to earnings ratio of Abrdn European Logistics... is -3.00.
What is the cash to sales ratio of Abrdn European Logistics...?
The cash to sales ratio of Abrdn European Logistics... is 5.84.
What is the reporting currency for Abrdn European Logistics...?
Abrdn European Logistics... reports financial results in EUR.
What is the latest annual turnover for Abrdn European Logistics...?
The latest annual turnover of Abrdn European Logistics... is EUR 42.07M.
What is the latest annual profit for Abrdn European Logistics...?
The latest annual profit of Abrdn European Logistics... is EUR -81.8M.
What is the registered address of Abrdn European Logistics...?
The registered address for Abrdn European Logistics... is BOW BELLS HOUSE, 1 BREAD STREET, LONDON, EC4M 9HH.
What is the Abrdn European Logistics... website address?
The website address for Abrdn European Logistics... is www.eurologisticsincome.co.uk.
Which industry sector does Abrdn European Logistics... operate in?
Abrdn European Logistics... operates in the REAL ESTATE INVESTMENT TRUST sector.

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