Abrdn Property Income Share Discussion Threads

[spindoctor111] 12/6/2024 08:18

Patience is a virtue...

[williamcooper104] 05/6/2024 10:35

Indeed LMP making good progress digesting LXI so will have supportive shareholders when they strike next

[essentialinvestor] 05/6/2024 10:11

Hi Nick, just to clarify on SHED, my view (as mentioned on that bb) is they are bid for by either LMP, BBOX or Segro, before the end of 2025 - Unless NAV discount rapidly closes, allowing an equity raise to buy assets.

The sector continues to consolidate, it's grow or be bid for - provided your assets are desirable.

[nickrl] 04/6/2024 21:21

@EI LMP still digesting CTPT and now have monster LXI to carve up first I would have thought. SEGRO are the ones with a stash of cash in the bank to spend unlike LMP which would have t load up debt even more although they have the headroom on the RCFs but wont be cheap.

[essentialinvestor] 04/6/2024 08:51

LMP will come for SHED next, at a guess.

Worth a look on a bad day.

[nickrl] 04/6/2024 08:35

LMP offloading indifferent LXI assets at 7% above book more evidence that valuations look reflective.

[spectoacc] 04/6/2024 07:12

This one XD at least.

Albeit probably means no imminent news on disposals, albeit they'll be pitching hard.

[nickrl] 03/6/2024 17:35

another reasonable NED buy

[spectoacc] 01/6/2024 19:32

ISA limit a la pensions LTA would be a killer, but I think most of Labour's plans will take a couple of years to come out, just as happened with Blair/Brown.

The exception to that IMO is an increase in Council Tax at the top end, probably via the addition of a couple of extra bands. Long overdue, in fairness, but will it be accompanied by a complete revaluation, the last having been done in 1991..

But yes, maybe the long-mooted flat 30% pensions relief, albeit HR & AR taxpayers have long been restricted by how much they can contribute.

[williamcooper104] 01/6/2024 18:28

£100k limit in ISAs and end of higher rate relief on pension contributions - for a start Doesn't matter much; taxes are headed one way whoever is in charge

[nickrl] 01/6/2024 18:20

Only outlier is what Labour actually do not what they say they will do especially if they get in with a thumping majority they may feel emboldened.

[skyship] 01/6/2024 11:24

More evidence that JB will be selling into a rising market:

[stupidboypike] 31/5/2024 13:18

Thanks Sky - bought a few - will add on any weakness. Looks a very good risk/reward.

Best regards SBP

[essentialinvestor] 31/5/2024 10:50

Hopefully we can crack the .533 area and move on the the mid 50's

[spectoacc] 31/5/2024 08:58

Looking forward to the divi today (pay date).

[skyship] 30/5/2024 16:40

sbp - well, a hell of a lot of posts to run through - perhaps starting with this I posted 2 months ago:

[stupidboypike] 30/5/2024 15:30

Sky, I'm new to this share. Can you point me at where I can do a little more research?
If not I'll go back through this whole thread looking but if there is a shortcut to the important points that would be great. I've always rated your insights and if 18% pa gry with low risk is even close then I need to be fully invested here.

Best regards SBP

[essentialinvestor] 30/5/2024 15:03

May be another trading opportunity develping - sector skittish atm.

[pavey ark] 30/5/2024 10:55

I went back to check this as not sure whither FROM the 31st or AFTER the 31st.

Little difference but "f the General Meeting approves the change to API's investment policy, be documented in an amendment to the Investment Management Agreement, effective from 31 May 2024."

So if there has been preliminary interest in certain properties we may hear soon.

SHED and CREI certainly know the properties so there may be early action and IF others are interested they will know they have to move.

Caveat !!: This is obviously a best case scenario.....time will tell !!!

[pavey ark] 30/5/2024 09:51

A rather bizarre and illogical post.

[my retirement fund] 30/5/2024 07:40

Pavey, I think that's what people thought about Brexit, and look where that got us, on track for a 5% cumulative drop in GDP against the background of a long-term rising population!

[skyship] 29/5/2024 20:46

nick - darned good idea!

[nickrl] 29/5/2024 17:27

@paveyark an easy option is to junk the board its no longer required.

[pavey ark] 29/5/2024 16:51

I would also add that the first £100m+ of disposals would go to paying down/off the debt and this is at a greater rate than the portfolio yield so the dividend would continue.

In my calculations I have a realised price after expenses of close to 70p (I don't accept that the current 76P NAV is a full figure) and a dividend payment of 4p to 5p depending on the speed of the disposals.

A 40% even 50% return is possible but "you pays your money you takes your chance"

There may be ways to increase these percentages further given the skittish/short term outlook from some investors.....as we have seen today.....but you could reduce these returns if you get things wrong !!!???