Abrdn Property Income Share Discussion Threads

[dr biotech] 27/11/2024 12:40

Looks like Far Ralia is still up for sale.

hxxps://www.knightfrank.co.uk/properties/residential/for-sale/far-ralia-cairngorms-national-park-scotland-ph21/hub2341390

Presumably we will get the majority of the cash before the sale of FR has been completed?

[skyship] 27/11/2024 11:19

Verbage below taken from the Sale RNS two months ago. So, this Friday sale should complete:
===========

Conditions and timetable:

Completion of the Transaction is anticipated to take place on 29 November 2024.

It is intended that subject to receipt of consent from the Scottish Forestry Commission, Far Ralia will be transferred from APH to API prior to completion.

Provisions have been made to complete on the sale in the event of a delay by Scottish Forestry, whilst protecting the interest of API.

The Transaction is also subject to clearance under the UK National Security and Investment Act 2021.

It is expected that following completion of the Transaction and at an appropriate point in time, API will seek API Shareholders' approval to appoint a liquidator to wind up the Company and to cancel the Company's admission to trading on the Main Market of the London Stock Exchange. Trading in API Shares will no longer be possible from that time.

From the point that the conditions to the Transaction are satisfied, API will not continue to fulfil the relevant conditions to qualify for UK REIT status.
The intention is to commence the returns of capital to shareholders as soon as the liquidator can do so.

[joey52] 07/11/2024 22:23

Date: 7 November 2024

Company: abrdn Property Income Trust Limited

Subject: Dividend Declaration

Third Interim Dividend

The Directors of abrdn Property Income Trust Limited (the "Directors") have declared a dividend of 1.0p per share payable in respect of the quarter ended 30 September 2024 split as follows:

Property Income Dividend ("PID") 0.3000 pence per share

Ordinary Dividend ("Non PID") 0.7000 pence per share

Ex-Dividend Date - 14 November 2024

Record Date - 15 November 2024

Payment Date - 29 November 2024

Dividend per Share - 1.0p

[mr euro] 04/11/2024 10:44

I have parked some spare cash here with a view to picking up the ~5% or so. Quite a lot actually, sitting tight as I dont have anywhere else for it.

[joey52] 04/11/2024 09:18

Isn't the deal set for the 29th November so, shortly after that I would assume.
Also the said a 1p dividend will also be paid.

[chapeau2] 04/11/2024 09:14

Does anyone have an idea when we are likely to realise this investment if we continue to hold. I’m sitting on 224k shares and I’m keen to redeploy elsewhere. Also having trouble working out the likely payout per share including / excluding far ralia

[garbetklb] 25/10/2024 07:57

On The Market have it listed - previously, per my post 1244, it was showing as being no longer on the market.

And I can now find it on KF's UK website :

hxxps://www.knightfrank.co.uk/properties/residential/for-sale/far-ralia-cairngorms-national-park-scotland-ph21/hub2341390

Although, just possibly, I missed it previously as it's listed under "Residential"......!

[spectoacc] 24/10/2024 14:54

Did we work out if it's sold or not? I tried calling Knight Frank - no answer, probably all dealing with potential HOME valuation litigation. 3 ringing out, the mobile numbers all to voicemail:

[skyship] 16/10/2024 12:18

Should be an RNS if sold.

[garbetklb] 15/10/2024 16:55

Far Ralia

I can no longer find this on Knight Frank's website. And On The Market are showing it as No longer on the market.

Mildly encouraging

[frazboy] 14/10/2024 16:53

Pre budget. CGT concerns? I would if I were him

[nickrl] 14/10/2024 16:31

I see a NED has disposed of 128k shares

[general george] 05/10/2024 22:27

RGL aren't that far ahead at 128p, but yeah 100p would have been a steal. I have bought a basket of different REITS and am hoping they do well.

[wshak] 04/10/2024 07:27

I bought the RGL bonds for a quick turn when they announced the placing.

I would have bought the shares if I could have purchased at the same price as Bridgemere Investments at 100p (new money).

It's pretty cheap, but the management that got them in so much trouble is still there.

[williamcooper104] 03/10/2024 21:42

Ditto - that basket case - RGL The retail bond got out both at par and at the expected maturity date

[williamcooper104] 03/10/2024 21:27

Actually there's a good lesson in HOME Despite being a literal fraud it's highly likely the senior lender gets out at par (and after fees at par and same) Only one UK reit has ever caused a credit loss for recourse, senior lenders So can't beat a little bit of hunting in distressed CRE credit There's still a bit of value in European junior/perp debt - but it's repriced a lot in the last few months

[sjl301] 03/10/2024 20:41

Well there’s only 4% left in API, and that’s assuming they get the land in Scotland away.

I have limited capital so trying to keep it working.

I’m into insurers; Aviva, M&G, Phoenix all taken a dip recently, with strong growing dividends.


Also looking at other investment trusts with decent discounts and/or yields, like ASLI, TFIF, FAIR, SEQI and SERE.

I like the look of Uk smaller companies based on valuations and discounts - ASL, AUSC, HSL

Open to other suggestions and thoughts welcome!

[skyship] 03/10/2024 19:56

sjl301 - do tell us where you can get such an ASSURED return...

ASLI perhaps?

[sjl301] 03/10/2024 19:30

I sold a bunch today at 61.5. Probably going to exit remaining holdings soon - lots of value to go after elsewhere.

[williamcooper104] 03/10/2024 14:22

Never taken a full loss of capital - but I do still hold some HOME shares that I can't sell so there's still every chance that I get one there - fortunately only a small/starter position

[skyship] 03/10/2024 13:59

I tend to remember my coups better than my catastrophes!

In monetary terms rather than %age terms; DJAN & GGP shared the honours back in 2020. The former (Daejan) a REIT which climbed c 50% on a bid arriving just 7days after I tipped them on my JDT thread. The latter (Greatland Gold) went stratospheric making a 20-bagger of my Tip of the Year for 2020 (in the JDT Header for 2020). Had a good year in 2020!

My catastrophe (also in monetary terms) was just last year with Trinity (TRIN). Pulled some of the loss back this year as it has climbed 50% on the back of corporate action. Still sold out with a c45% loss however; not clever with a high allocation!

[chapeau2] 03/10/2024 12:42

Thankfully not had any go wrong like that but mostly due to the fact that for 15 years I have pretty much been invest and hold mostly in large investment trusts like Atst Smt Fcit . I have only really started actively investing in the last year and only with 25% of my available funds so probably beginners luck !!

[dr biotech] 03/10/2024 09:07

My worst investment ever is 100% loss. And I've had several.

I'm going to stay here until the bitter end. I think there is 3% to be had in two months - not huge but I have spare cash for any (unlikely) great oppotunities I can find elsewhere, and that beats the interest I'll get elsewhere (and my share dealing ISA pays 0%)

[cwa1] 03/10/2024 08:36

LOL, I have to tip my hat(sorry!) to anyone whose WORST investment ever is a 1K profit :-))