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| 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% | 57.20 | 549,669 | 15:25:52 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 57.20 | 57.40 | 58.80 | 57.20 | 58.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | EUR 42.07M | EUR -81.8M | EUR -0.1985 | -2.88 | 235.76M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:20 | UT | 49,257 | 57.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/11/2024 | 07:00 | UK RNS | abrdn European Logistics Income plc Q3 2024 Net Asset Value and 3rd Interim.. |
| 22/11/2024 | 13:58 | UK RNS | abrdn European Logistics Income plc Result of General Meeting |
| 22/11/2024 | 10:41 | UK RNS | abrdn European Logistics Income plc Director Declaration |
| 06/11/2024 | 07:00 | UK RNS | abrdn European Logistics Income plc Publication of B Share Circular and.. |
| 07/10/2024 | 09:34 | UK RNS | abrdn European Logistics Income plc Doc re. Half Yearly Report |
| 27/9/2024 | 13:22 | ALNC |  EARNINGS AND TRADING: AdvancedAdvT keeps up "positive momentum" |
| 27/9/2024 | 06:00 | UK RNS | abrdn European Logistics Income plc Half-year Report |
| 23/8/2024 | 18:09 | ALNC | IN BRIEF: abrdn European Logistics Income NAY falls in quarter to June |
| 23/8/2024 | 06:00 | UK RNS | abrdn European Logistics Income plc Q2 2024 Unaudited NAV and Second.. |
| 23/7/2024 | 09:49 | UK RNS | abrdn European Logistics Income plc Result of General Meeting |
Abrdn European Logistics... (ASLI) Share Charts1 Year Abrdn European Logistics... Chart |
|
1 Month Abrdn European Logistics... Chart |
Intraday Abrdn European Logistics... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/1/2025 | 10:28 | Aberdeen Standard European Logistics Income plc | 686 |
| 24/8/2018 | 12:20 | Gross yields | 1 |
| 14/12/2017 | 18:22 | Aberdeen Standard European Logistics Income | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-01-14 16:35:20 | 57.20 | 49,257 | 28,175.00 | UT |
| 2025-01-14 16:17:19 | 57.20 | 763 | 436.44 | AT |
| 2025-01-14 16:15:53 | 57.20 | 2,899 | 1,658.23 | AT |
| 2025-01-14 16:15:38 | 57.30 | 3,687 | 2,112.61 | O |
| 2025-01-14 16:14:46 | 57.30 | 2,985 | 1,710.36 | O |
| Top Posts |
|---|
Posted at 14/1/2025 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 57.20p.Abrdn European Logistics... currently has 412,174,356 shares in issue. The market capitalisation of Abrdn European Logistics... is £235,763,732. Abrdn European Logistics... has a price to earnings ratio (PE ratio) of -2.88. This morning ASLI shares opened at 58.40p |
Posted at 08/1/2025 15:47 by wunderbar I bought a few small tranches of stock in ASLI between Oct 2023 and Jan 2024, average c.57p, purely for income. On 20 May, following a strategic review, the board announced a wind-down of the company. Following this news the share price jumped from 60.8p to 62.4p, a mere gain of 2.5%. Market completely uninterested.Exactly six months later [Nov 2024] with NAV barely unmoved c.74p, I picked up more stock at 58p [c.22% discount to NAV], looked very enticing given we are in wind-down mode, purely invested for capital gain. At the time I’m thinking to myself why is the discount not narrowing. Today, I doubled my holding with another buy at 56.5p. My senses telling me there is good money to be made here. But what on earth is going on. Here we have a company in managed wind-down and yet nearly 8 months post announcement the share price is c.10% lower despite NAV remaining almost unchanged. Furthermore, the board stated on 28 November, “An initial return of capital is expected by early 2025 at the latest". Has the market not factored this in? This looks like easy money to me. Sometimes the market makes a complete hash of company valuations thus creating value for money, that’s the beauty of the stock market. Right now ASLI share price is on special offer in the January sales. With regards to the initial return of capital I’d expect shareholders to receive this no later than end of March. Will be interesting to see how many pence per share they intend to pay out. The strategic review analysis implied a wind-down period of 12-24 months for the entire portfolio, with capital being returned to shareholders from Q4 2024 and expected quarterly thereafter. On this basis we should see additional pay-outs before end June, Sep, Dec 2025. All the while receiving dividends, albeit decreasing. Given the fact we’re well into the wind-down process logic dictates the discount to NAV has to start narrowing at some point. However, an illogical market might have other ideas. In closing, I consider ASLI a safe haven. Offering a decent return on capital in a relatively short period of time [all being well, wind-down completed no later than May 2026], with a few dividends along the way. |
Posted at 15/12/2024 18:17 by pyufak At the end of the recent update - ASLI has 20.4m cash and 18m other assets (I would assume this 18m is the PV of the swap hedges which can be unwound as sales progress). Not trying to throw more posts into a potentially echo chamber of bullish-ness on the wind up but did wish to check if I am viewing the company's current discount and non-property assets correctly below please. Thank youAm I calculating correctly that 38.4 (cash and other assets) less deferred tax + other liabilities 23.8m = 14.6m. 14.6m dividend by number of shares = 3.54p per share in cash Friday close @ 58.6 minus 3.54 = 55.06 Using recent updated NAV of (73.2 - 55.06) dividend by 73.2 gives 24.78% discount Is the above fair the correct way to view ASLI as we're winding up the company. |
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 |
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 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’. |
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