Abrdn Property Income Share Discussion Threads

[spectoacc] 21/2/2024 07:22

Look at the chart - this is a co that's had two bids.

And it's hardly a view I've just formed.

I'm sure either bidder would be delighted to get Baggaley & co on board.

[skyship] 21/2/2024 07:19

Specto - "What a mess. And more proof of how poorly managed API have been, and continue to be"

Jumping to the polar opposite conclusion there surely!?

[spectoacc] 21/2/2024 06:56

And SHED aren't retail warehouse, even remotely - they're one of the most specialist REITs on the LSE.

Or were.

What a mess. And more proof of how poorly managed API have been, and continue to be.

Who'd have thought all that Scottish moorland would be so desirable eh?

[garbetklb] 21/2/2024 02:17

Interesting how SHED's announcement cites API's portfolio of "industrial and retail warehouses", giving their shareholders quite a different perspective than if they had said "retail warehouses & industrial".......

[riverman77] 20/2/2024 22:39

SHED must have seen what happened to CREI so somewhat surprised they've put in a bid. Might well be a defensive action - eat or be eaten.

[essentialinvestor] 20/2/2024 22:05

SHED might be worth a look IF it gets clobbered.

[mindthestash] 20/2/2024 21:50

Spot on guys. As an api holder recently I'll take cash, over time if necessary, vs flimsy paper today

[riverman77] 20/2/2024 20:46

Quite right - both these bids are at a roughly 25% discount to NAV and undervlalue API. Shareholders would do much better with an orderly wind-down.

[skyship] 20/2/2024 20:38

Agreed, API the belle of the ball; but so far no-one prepared to pay for her virginity!

Sack the BoD and give it all over to Jason Baggaley to wind it down over two years and pay us back perhaps 70p from our assets, used to reward us - not some greedy bidder not prepared to pay a true price.

[pavey ark] 20/2/2024 18:41

In spite of the misinformation/disinformation spouted here I have long considered API to be a solid investment .........very well run and at a ridiculous discount to NAV.With the recent sales coming very close to eliminating the RCF it is obviously a prime target.Given that any purchaser could sell off any assets they don't want I agree that it is time for someone to come up with a cash offer.

[arbus5000] 20/2/2024 17:59

suddely API is the prettiest girl at the ball, if only the suitors offered hard cash instead of future promises!

[cwa1] 20/2/2024 17:57

I wonder which bid will be worth more by the end of the day tomorrow? SHED to slump and CREI to relief rally? Will be interesting to see whose bid is worth the most! API to gain a little.

[cwa1] 20/2/2024 17:53

Tilts, it was announced at 4.31pm, just in time to allow some sharp, slippery. customers to get their SHED holdings away in the auction...

[spectoacc] 20/2/2024 17:52

PE buyers would be calling the bottom for generalist REITs; BBOX & SHED seem to be calling the top of the warehouse boom, desperately trying to diversify and also get themselves in the 250.

SHED are going to fall on this IMO, it's batsh*t. Fees all round for the advisors, costs incurred by CREI & SHED, but perhaps a bump for API holders.

[riverman77] 20/2/2024 17:42

SHED a bit cheeky as the offer is slightly lower than the original CREI offer (that is before the CREI share price collapsed). Happy for a bidding war to take place if they both really want it.

[spectoacc] 20/2/2024 17:31

If they've an ounce of sense they'll now walk away, but bidding war seems the likely outcome - fees all round.

Sod's law I hold both bidders.

[spooky] 20/2/2024 16:43

Interesting activity in the auction.

[dr biotech] 20/2/2024 10:00

I'm not even sure I can vote. I have a corporate action on my Halifax account but as yet no possibility to express my opinion. I know its not so easy to vote at AGMs, unless I contact them well in advance. Guess its a drawback of nominee accounts.

Not sure that either company will benefit from the merger. I think I'd be likely to vote no if I was a CREI holder, purely on the fall in the share price since the announcement.

[pillion] 20/2/2024 09:49

GC didn't last very long.
Watching not holding.

[yump] 19/2/2024 21:14

It occurs to me that knowing all the detail might not make an investor’s decision any easier and may just cause brain-freeze.