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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.35 | 5.11% | 7.20 | 16,625 | 08:44:50 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 6.70 | 7.00 | 7.20 | 7.20 | 7.20 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 32.44M | -8.27M | -0.0217 | -3.32 | 26.11M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:17:49 | O | 3,159 | 6.72 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/1/2025 | 11:06 | UKREG | abrdn Property Income Trust Limited - New Directorship Declaration |
| 17/12/2024 | 14:40 | UKREG | abrdn Property Income Trust Limited - Results of General Meeting |
| 10/12/2024 | 15:54 | UKREG | abrdn Property Income Trust Limited - Return of Capital to Shareholders -.. |
| 05/12/2024 | 14:22 | UKREG | abrdn Property Income Trust Limited - Holding(s) in Company |
| 03/12/2024 | 15:24 | UKREG | abrdn Property Income Trust Limited - Dividend Declaration |
| 03/12/2024 | 15:20 | UKREG | abrdn Property Income Trust Limited - Initial Distribution to Shareholders |
| 29/11/2024 | 16:30 | UKREG | abrdn Property Income Trust Limited - Completion of Portfolio Sale |
| 07/11/2024 | 16:13 | ALNC |  abrdn Property Income Trust net asset value falls in third quarter |
| 07/11/2024 | 07:00 | UKREG | abrdn Property Income Trust Limited - Unaudited Net Asset Value as at 30.. |
| 07/11/2024 | 07:00 | UKREG | abrdn Property Income Trust Limited - Dividend Declaration |
Abrdn Property Income (API) Share Charts1 Year Abrdn Property Income Chart |
|
1 Month Abrdn Property Income Chart |
Intraday Abrdn Property Income Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/1/2025 | 17:23 | Abrdn Property Income Trust - High yielding generalist REIT | 1,344 |
| 27/5/2024 | 09:01 | abrdn Property Income Trust Limited | 496 |
| 07/3/2015 | 13:14 | **** API Group **** | 1,092 |
| 01/2/2014 | 10:31 | API - Freddy's thread and so time to get in | 320 |
| 11/3/2010 | 09:18 | API - A Prime Investment (120p) | 546 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:17:50 | 6.72 | 3,159 | 212.28 | O |
| 08:55:58 | 6.96 | 7,008 | 488.04 | O |
| 08:34:09 | 6.97 | 57 | 3.97 | O |
| 08:30:28 | 7.00 | 51 | 3.57 | O |
| 08:22:29 | 6.70 | 400 | 26.80 | O |
| Top Posts |
|---|
Posted at 05/2/2025 08:20 by Abrdn Property Income Daily Update 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 6.85p.Abrdn Property Income currently has 381,218,977 shares in issue. The market capitalisation of Abrdn Property Income is £27,447,766. Abrdn Property Income has a price to earnings ratio (PE ratio) of -3.32. This morning API shares opened at 7.20p |
Posted at 14/1/2025 20:26 by pavey ark I think the problem here is when people think in terms of 61p/62p and whither it is worth holding on for a few pence more.I now hold 4.5 times my original (final?) API holding. As I said before API has been a "lucky" share for me and I have done very well from it over the past five/six years.....I sold out completely a few times and then bought back in but was able to buy very well with all the confusion last year. What interested me recently was when the 52p was paid and the price came down then ex dividend and obviously the price fell further. I've bought four times since ex dividend and just checked that my average is 6.3p on the additional shares ......my original purchases were in the very low 50p range but I'm talking about my 6p purchases. Now to the fine detail . 1. The company has a target of 64p returns .....obviously +/- 2. The land is priced at £10m and could go for more 3. Current grants for the planting have still to be paid to API. 4. When sold the land comes with additional grants to be paid to the purchaser. 5. Q3 update gave asset value of 65p with most but not all costs included. 6. after Q3 there were two months of rental not included and this comes to over £2m ? On my figures a 15% return gives a 62.25p final settlement even at 6.5p a 15% return is 62.5p. These figures are well short of the repeated 64p ( over £5m down so not trivial) Very simple arithmetic shows that a 63p return makes 8p and 64p gives 9p. Now my point is that ABRDN have said ...."take this offer it's a big discount but it will be quick and you should get c.64p at the end " or words very close to this ......61.5 or 62p is not really good enough. but anything above is a big return on c.6.5p. As for ASLI which I also hold I am almost certain that API will be done and dusted long before this is settled (never liked ASLI and holding against my better judgement) |
Posted at 18/12/2024 18:08 by swiftnick Nexus,The expression you have set out in your post 1302 doesn't work because the shares being redeemed are a different class to the shares held. And re your post 1305, the number of shares that will be redeemed is not an unknown, it is the same number of shares as your API holding at the record date. You are being issued with one redeemable bonus share for every API share held. So you will very briefly hold the same number of each. The number of API shares that you will hold post redemption will be exactly the same number as you held before. |
Posted at 18/12/2024 15:47 by swiftnick Nexus,Thanks for your reply in post 1302, but I don't think you have understood the question.We used to have x shares in APIThen we had x shares in API and x bonus shares.Soon we will have x shares in API plus £0.52x in cash.The receipt of £0.52x in cash triggers a part disposal for CGT purposes. See hTTps://www.gov.uk/g |
Posted at 18/12/2024 08:33 by nexusltd @swiftnick ref#1296 I was half asleep when I wrote my #1297.The capital payment of 52.00pps is being executed by means of a redeemable bonus share issue. In effect API will issue x shares to you, and immediately buy them back from you for 52.00 pps. So the CGT liability is very easily calculated as: = (Your average buy price per share - apportioned buy costs per share - 52.00p)*(number of shares issued to you and redeemed). |
Posted at 17/12/2024 20:19 by swiftnick Does anyone know how to calculate the capital gain or loss for UK CGT purposes on the 52p return of capital?Today's closing price (ex the redeemable bonus share) is 9.5p. Does that mean one apportions the cost price of one's holding using the fraction 52/(52+9.5) = 52/61.5 ? Or is it some other method?At times like this I wish I had bought my holding through my ISA or SIPP and then I wouldn't have needed to worry! |
Posted at 27/11/2024 11:19 by skyship 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. |
Posted at 27/9/2024 06:23 by spectoacc Leaking it has indeed forced it out much faster. Hooray."The Estimated Net Asset Value per Share represents: •a discount of 12.7 per cent. to API's net asset value per API Share of 73.3 pence as at 30 June 2024; •a premium of 6.66 per cent. to the API Share price of 60 pence as at 26 September 2024, being the closing API Share price immediately prior to the date of this announcement; and •a premium of 20.1 per cent. to the API Share price of 53.3 pence on 28 May 2024, being the date that API Shareholders approved the Managed Wind-Down." 29th November for completion. Can see why some will have wanted more - all very well to point out the time value of money, but over time the assets should be worth more/would have been bringing in income too. |
Posted at 25/9/2024 14:28 by spectoacc "abrdn Property Income Trust Limited (“API” or the “Company”Any sale would involve the disposal of the Company’s entire investment property portfolio, with the exception of its interest in the land at Far Ralia. There can be no certainty that any binding sale agreement will be entered into, nor as to the terms on which any transaction may occur. API has not received any offer in respect of the issued share capital of API." Not convinced "Advanced discussions" ties with not having received any offer - clearly the price is known. Just the junky Far Ralia they don't want. |
Posted at 14/5/2024 08:01 by spectoacc Circular is out:"James Clifton-Brown, Chair of API, said: "API has consistently sought to invest in good quality assets that produce an attractive level of income and which also have the prospect of income and capital growth, resulting in an attractive portfolio and consistent outperformance against the benchmark at the property level. Nevertheless, API, along with other REITs and diversified investment trusts, continues to contend with the significant challenges facing the real estate sector which in API's case are compounded by the relatively small scale of the Company, resulting in a sustained and substantial trading discount to net asset value, low share liquidity and a concentrated debt structure. Pursuant to its comprehensive review of API's strategic options, and consistent with its previous announcements, the Board believes that a Managed Wind-Down is now the best means of maximising value and unanimously recommends that API shareholders vote in favour of the proposed change to API's investment policy at the forthcoming General Meeting." |
Posted at 18/4/2024 17:11 by nexusltd Questions:1. In light of WM Mattioli Woods’ significant recent disposals, it would seem that they, for one, were dissatisfied with the result of the merger vote. WMs using similar valuation & risk models tend to herd; so who voted against the merger proposal? 2. The ADVFN API community believes that the API wind up vote will succeed & that on a successful vote a. the share price will move to c. 55p & b. that on a two year view from a 48p share price @ merger proposal date, the GRY/IRR will be > 15% p.a. Considering the Mattioli’s position sale, is it their view that the vote will fail? 3. What is the effect of asset sales in Q1 and early Q2, on the balance sheet and earnings? A stab at question 3), analysis of asset sales effect on balance sheet and earnings. Assumptions used in the calculations: 1. Cost of sales 2%; thanks @Williamcooper. 2. Exceptional merger expenses GBP2mn; estimate from this community. 3. Only asset sales that are named (location) and have been flagged as “completedR a. Three industrial asset sales; of 27 now 24 in the portfolio. b. One office asset sale; of 8 now 7 in the portfolio. 4. Where the NIY is not stated it is assumed the NIY=0, i.e. no current revenue as the asset may not be tenanted or may have a rent free period. 5. Loan facilities, due to expire in April 2026. a. Fully drawn term loan for £85mn; interest 150bps + SONIA, with SONIA capped @ 3.96%. b. Revolving Credit Facility (RCF) of GBP56.9mn as of 31/12/23; interest 150bps + SONIA. 6. Average of SONIA in Q1: 5.19% 7. No material change in working capital, running expenses, income due to re-gears or void % other than sales of non-income producing assets. Effect on balance sheet: Asset disposals total: £29.75mn Estimated RCF on 17/04/24 = 56.9mn (31/12/23) – 29.75mn (gross sales) + 0.595mn (2% cost of sales) + 2mn (exceptionals) = 29.745mn Effect on earnings: Estimated reduction in rental income p.a. = 1.642mn Estimated interest payable reduction p.a. = 8.446mn (31/12/23) - 6.63 mn (from 17/04/24) = 1.816mn Change in earnings p.a. = 0.174mn = 0.046pps – no material change to dividend cover. Stats of interest: Estimated averaged sale NIY = 5.52% Estimated weighted cost of borrowing facilities on 17/04/24 = 5.78% With 85mn term loan not maturing until April 2026, current caped rate of 5.46% is an issue. Until SONIA reduces by > 150bps; running hard, up, on a down escalator. |
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