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API Abrdn Property Income Trust Limited

51.50
0.10 (0.19%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn Property Income Trust Limited LSE:API London Ordinary Share GB0033875286 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.19% 51.50 51.50 51.80 52.50 51.00 52.50 2,508,093 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 31.11M -51.05M -0.1339 -3.86 197.09M
Abrdn Property Income Trust Limited is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker API. The last closing price for Abrdn Property Income was 51.40p. Over the last year, Abrdn Property Income shares have traded in a share price range of 44.15p to 57.00p.

Abrdn Property Income currently has 381,218,977 shares in issue. The market capitalisation of Abrdn Property Income is £197.09 million. Abrdn Property Income has a price to earnings ratio (PE ratio) of -3.86.

Abrdn Property Income Share Discussion Threads

Showing 3351 to 3374 of 3375 messages
Chat Pages: 135  134  133  132  131  130  129  128  127  126  125  124  Older
DateSubjectAuthorDiscuss
22/5/2024
00:00
Chance of getting these under 48 pence has dwindled with strong recent equity markets.
essentialinvestor
20/5/2024
07:48
You don't need For Sale boards.....all assets here have been in play since the abortive bids were announced. Slide rules have been run. Expecting early announcements straight after the vote if it goes as we expect. Oh and don't be surprised if it is for sizeable parts of the portfolio.
flyer61
20/5/2024
06:56
Baron thinks smaller ITs inc API should concentrate on closing discounts, not on gaining size via mergers or winding up. But he fails to give any methods of closing discounts that don't make trusts still smaller.
spectoacc
19/5/2024
22:15
I don’t think the for sale sign can be hoisted until the vote has passed. So it may be a couple of months until first sales are announced.
dr biotech
19/5/2024
20:22
Agree with all of that...
skyship
19/5/2024
18:17
John Baron is a fan of Investment Trusts ...as am I and he is bemoaning the loss or potential loss of more than a few trusts.....for this reason logic dictates that he is not in favour of this proposal.

"a quality portfolio of mostly industrial assets across the UK under its long-serving and respected manager". .....surely not....I've heard it's badly run and just wait until we get to the "junk end" of the portfolio.....????!!!

Taking a more rational view I've long admired Jason Baggaley's careful and long term view of managing a portfolio with quality assets.

I suspect that deals are being done and I expect a number of sales to be announced soon after the 31st of May .....I also expect a number of transactions to be above the published asset value.

I don't think that JB and his team will be out of work when this deal is done.

pavey ark
19/5/2024
15:34
For full wind-up, definitely.

JB also failing to note that the 7.8% divi is partially capital, and has been for ages.

He'll have followers but I doubt his view moves things much.

spectoacc
19/5/2024
13:44
Specto - the point is John Baron did not make an argument against - none whatsoever!

Also Jason Baggeley surely won't wind it down quite that quickly. By the end of the year!? No, even the most optimistic projection has to be 15months + surely.

skyship
19/5/2024
13:38
JB's holdings won't be large, and if he thinks "..The outlook...continuing to look encouraging", then sales ought to be at a decent level.

IMO he's been in SLI (then API) at much higher prices, and can't bear to take the loss.

Also, he'll likely be out of a job by the end of the year.

But still interesting to see someone make an argument against the wind-up.

spectoacc
19/5/2024
09:50
100% Skyship.
flyer61
19/5/2024
09:10
Orinocor - thnx for alerting us to the above.

IMO JB is totally wrong to reject the proposal; and to ignore the stats is surprisingly amateur and misleading.

Herewith 2 paras from his article:

---------------------

API is held in several portfolios including the Income portfolio. The company presently stands on a c33 per cent discount, maintains a dividend that currently equates to a yield of 7.8 per cent and manages a quality portfolio of mostly industrial assets across the UK under its long-serving and respected manager, Jason Baggaley. With interest rates set to fall, inflation helping to ensure progress on rents, the outlook for its key asset continuing to look encouraging, and poor sector sentiment, I suggest now is not the time to desert the sector.

---------------------

The investment house, Abrdn (ABDN), would certainly be supportive of API continuing and would support the board in activities to narrow the discount – as it has demonstrated with other investment companies in its stable. Meanwhile, management believes company and sector prospects look set to improve: “We expect the UK real estate market to bottom out in 2024 and start to improve in the latter part of the year and into 2025.” As such, I will be voting against the board’s recommendation to wind up the company.


As to the missing stats, the wind-down will most certainly deliver 30% upside in / within 2yrs - possibly even 40%. To reject that because of the wider issue of protecting the coterie of small ITs, is frankly bizarre. JB has got it wrong; and I hope no-one makes the same mistake.

skyship
18/5/2024
21:13
John Baron of the Investor Chronicle magazine is voting against the winding up proposal.
orinocor
17/5/2024
16:04
Well spotted - they've released an RNS on the 17th, dated it the 16th, and got the date of transaction wrong too.

Can see that trade now, tho for me it shows at 10.18.30, 125k at 52.57, when bid was 52.4p.

I've been misled - he bought for the 1p XD, so it only really cost him 51.57p.

I've made 5 separate purchases based on false RNS - go API.

spectoacc
17/5/2024
16:00
The date should be the 15th. If you look closely the date of notification is the 16th, and this relates to the trade the day before. Looks like an error on the RNS.



67 52.57 125000 18:31

dr biotech
17/5/2024
14:55
Damascus - they probably own some desert there, for solar panels to offset carbon emissions of buildings.

Still no sign of his buy, nor any trade above 52p.

spectoacc
17/5/2024
14:43
So this is a non exec who agreed the handover as best for shareholders but now sees the wind_down as still a good move. Still nice to see and look fwd to our esteem chairman following down the road to Damascus
mindthestash
17/5/2024
13:12
125k director buy today, nice to see, tho not sure how he managed to pay 52.57p.

Edit - high trade today 52p, so must be delayed-reported - says the venue was the LSE.

Picked up more in accounts of others on that, at lower than he's bought.

spectoacc
16/5/2024
16:01
Interesting - same email address used for the JISAs? ii were one of the ones I reckon are much improved - a direct link from an email to vote.
spectoacc
16/5/2024
15:51
I hold mine in my SIPP with II and am also trustee/contact for my daughter's JISA which is available via my login and manage my son's account who holds in a trading account and ISA, also with II.

I've just voted - for. But II are only showing the balance in my SIPP and, on his login, on my son's trading account. So the shares held in my daughter's JISA and my son's ISA don't seem to be available to vote.

Before I query with II, wonder if anyone has any explanation / observation?

garbetklb
16/5/2024
14:03
I doubt it too, just curious - were a few voting against the merger last time, albeit that was a higher hurdle. I'm very confident the vote passes.

Haven't voted all mine as one broker still wants £25 per a/c, but put the majority to "wind up the b*gger".

spectoacc
16/5/2024
09:23
XD today - so it is; thnx for the reminder. Kerching!
skyship
16/5/2024
09:03
Not voting agin...
Note it's xd a penny today.

spindoctor111
16/5/2024
08:39
Against! I doubt that Specto - but sure would be good to hear any contrary view.
skyship
16/5/2024
08:23
Anyone voting against wind-up, out of interest? Impressed with the ease of voting via nominee brokers, definitely improving - emails & easy links, not phone calls to customer services.
spectoacc
Chat Pages: 135  134  133  132  131  130  129  128  127  126  125  124  Older

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