Share Name Share Symbol Market Type Share ISIN Share Description
Aew UK Long Le LSE:AEWL London Ordinary Share GB00BDVK7088 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20p -0.21% 95.10p 94.40p 95.80p 95.30p 95.10p 95.30p 34,024 09:13:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts - - - - 76.56

Aew UK Long Le Share Discussion Threads

Showing 126 to 148 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
26/4/2018
16:32
Couldn't agree more, Specto.
speedsgh
26/4/2018
16:04
Jeez - they're doing what they said they'd do, can't knock them for that, but they'd have to be at least 10p cheaper before I was interested.
spectoacc
26/4/2018
15:43
NAV Update and Dividend Declaration - HTTPS://www.investegate.co.uk/aew-uk-longleasereit--aewl-/rns/nav-update-and-dividend-declaration/201804261528562885M/ Highlights · At 31 March 2018, the fair value independent valuation of the property portfolio was £93.46 million (31 December 2017: £71.42 million), following four acquisitions during the period totalling £21.99 million. On a like-for-like basis the valuation of the property portfolio increased by £0.03 million (0.04%) over the quarter (quarter to 31 December 2017: £0.13 million and 0.76%). · NAV of £73.09 million or 90.79 pence per share (31 December 2017: £74.28 million or 92.27 pence per share). · A total of £6.19 million of portfolio acquisition costs have been incurred since the inception of the Group. The main element of these acquisition costs relate to stamp duty, and together with agents, legal and other fees, have led to a reduction in NAV of 7.68 pence per share. · EPRA earnings per share ("EPRA EPS") for the quarter of 1.01 pence per share (quarter to 31 December 2017: 0.36 pence per share). · The Group today announces an interim dividend of 1.00 pence per share for the quarter ended 31 March 2018. This follows a dividend of 0.50 pence per share for the quarter to 31 December 2017 and a dividend of 0.50 pence per share for the period since inception to 30 September 2017. · Utilisation of £28.64 million of the loan facility with Canada Life Investments. · Portfolio activity during the period included: o The acquisition of Gazebrook Industrial Park, Dudley and Provincial Park, Sheffield for £10.14 million on 23 January 2018. This acquisition comprises of a set of two industrial units and provides a net initial yield of 6.0% and a weighted average unexpired lease term of 15 years to expiry. o The acquisition of Mercure City Hotel, Glasgow for £8.03 million on 23 January 2018. This hotel, situated in central Glasgow provides a net initial yield of 6.5% and a weighted average unexpired lease term of 18.5 years. o The acquisition of Applegreen Petrol Filling Station, Crawley for £3.82 million on 20 February 2018. The acquisition provides a net initial yield of 5.3% and a lease term of 15 years to expiry (no breaks) with three-yearly rental uplifts linked to RPI, capped at 3.5%. · Post the period end, the Group acquired 500 Chiswick High Road, Chiswick for £2.2m on 4 April 2018. This gymnasium is leased to Snap Fitness for a term of 15 years to expiry with no breaks and provides 5 yearly inflation linked reviews. The transaction reflects a net initial yield of 5.5%. · A further 2 assets are currently under offer, which would take the Group to fully invested.
speedsgh
26/2/2018
08:16
Yes, 5.3% initial yield is going to struggle support a 5.5% dividend yield on cost of money, even after gearing up, once central costs are taken account of...
stemis
26/2/2018
07:23
I still struggle to understand the strategy here. A petrol station does not sound exciting, but nevermind - however, capping the RPI rent increases to 3.5% hardly offers investors much protection against inflation rising....
belgraviaboy
09/2/2018
07:31
No; pretty bad tho, that was a big chance for them to scale up in size. Not sure when they'll get the opportunity again but it won't be at that premium to NAV!
spectoacc
09/2/2018
07:18
The share issue has been pulled. Not surprising !
daveofdevon
01/2/2018
16:07
It's XD - so all the prices above come without the dividend. I must be missing something....
belgraviaboy
01/2/2018
15:21
It is xd today, though. Just saying.
jonwig
01/2/2018
14:59
Tough choices here. Suppose for a minute, you want more shares, should you: a) pay 99p in the offer b) pay 98p in the market c) wait for the market to realise they are worth leess than 92p Just saying
belgraviaboy
01/2/2018
14:46
Good luck with that
belgraviaboy
01/2/2018
14:30
New fundraising at 99p. Maximum issue size of 35 million new Shares. Proposed Issue of Equity - HTTPS://www.investegate.co.uk/aew-uk-longleasereit--aewl-/rns/proposed-issue-of-equity/201802011409566709D/
speedsgh
25/1/2018
14:43
SteMiS - - yes, price action is weird. Since trades are 'O' and go through a few market-makers, they must have a stock shortage or hidden demand. I find that strange given they want to issue stock, which ought to depress the share price. (Share price stabilisation is legal just after an IPO provided it's announced beforehand.) Anyway, folks who read the RNS and want out have a free rein here.
jonwig
25/1/2018
11:34
"...it's like there is some 'price management' going on here." More than likely with the brokers working on a large equity issue!
skyship
25/1/2018
11:23
Interesting how the price is holding at 100p. I place an order to sell yesterday at a minimum of 99p but it was only part filled, despite the sell price never falling below 100p. I'm not usually a fan of conspiracy theories but it's like there is some 'price management' going on here. Anyway out here completely now... Might go back in when it all settles down and I can see what the situation is going forward.
stemis
24/1/2018
07:55
belgravia - I'm inclined to agree - huge acquisition costs and maybe quality of assets. This from LXI, a similar company: The NAV and EPRA NAV per share has increased to 105.01 pence as at 30 September 2017, an increase of 7.15% from the 98.0 pence at the time of the Company's initial public offering ('IPO') in February 2017 EDIT: sold (happily) at 100p.
jonwig
24/1/2018
07:43
Oh dear - NAV 92p. Glad I am well clear of this one. It should be trading at a discount...
belgraviaboy
24/1/2018
07:39
Strewth - 92.27p - surely that has to be a seriously disappointing figure. Sp will be back below 100p for sure. Try to sell on the bell seems the best advice. Plenty of far better players in this income sector - RGL perhaps the best.
skyship
24/1/2018
07:09
Update including NAV. This has fallen to 92.27p due to acquisition costs which were 4.4% of previous NAV. This seems too high to me. They'll find it hard to raise new shares unless it's well below 100p. https://www.investegate.co.uk/aew-uk-longleasereit--aewl-/rns/nav-update-and-dividend-declaration/201801240700057265C/
jonwig
09/1/2018
06:31
Citywire article says the new shares will be offered to both institutional and private investors: Http://citywire.co.uk/investment-trust-insider/news/long-lease-trust-looks-to-raise-35m-as-pipeline-looms/a1081744?ref=investment-trust-insider-latest-news-list
jonwig
08/1/2018
09:25
Thanks jon. I have more than 'oo,ooo so I guess i still don't qualify :P Having reread the RNS I don't think we will be given access but assume it is a positive move as long as the placing money achieves decent yields.
mach100
08/1/2018
08:51
@ Mach - the initial NAV was 98p and they were due to calculate a NAV on 30 Sept which they haven't told us about yet. Another NAV due at 31 Dec. Actually I'd guess acquisition costs will wipe out any NAV increase in the interim. So you could be right that they issue shares at 100p or so. But will you be invited to participate - unless you've a few '00,000 I doubt it!
jonwig
08/1/2018
08:41
Morning jonwig. Do you think they will revert to the issue price of a 100p. i expect so myself given the short timeframe and that it was undersubscribed last time. I think though given what they have outlined today that it will be fairly straightforward to get investors subscribing and I shall certainly be adding myself. I wonder will some holders forward sell their holdings when the cut-off date is announced if the shares come discounted?
mach100
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