Aew Uk Reit Share Discussion Threads

[spectoacc] 24/12/2019 11:26

Wish I'd kept hold of more now! Sold the last few from ISA at a quid, wow. The L's look a total bargain in comparison..

[2wild] 19/12/2019 11:26

SpectoAcc AEWL added

[eezymunny] 19/12/2019 09:13

Exactly RCTurner

The thicko valuers were knocking down valuations right left and centre, because a tiny fraction of the comprop market was being flogged off at a discount for technical reasons. Rent rolls, the real driver of value, were barely touched in the "financial crisis".

Helped me make a shedload, so thanks to all the thicko valuers and here's to more of the same in the next recession!

[spectoacc] 19/12/2019 07:35

@2wild - interesting post, thanks. Can you add AEWL?

[rcturner2] 19/12/2019 07:27

The NAV of a propco is calculated on the best information available at the time. Clearly that valuation can change, hardly rocket science. During the last crash, open ended funds were gated and were dumping properties onto the market, which affected valuations. Once that stopped valuations went back up again.

[2wild] 18/12/2019 17:50

I do wonder how AEWU has an 109% covered 8p dividen on below 98p NAV.

Yield adjusted to 100% cover basis per 100p of NAV:
AEWU 8.9%
RGL 6.8%
EPIC 6.1%
NRR 7.1%
SLI 4.7%
UKCM 3.6%
AEWL 4.3%

Obviously these do not account for levels of gearing or interest rates. Interesting all the same with AEWUs LTV towards the lower end of the scale at 25%. I tend to agree some NAVs appear dubious.

[eezymunny] 18/12/2019 16:53

Sorry SKYSHIP but valuing commercial properties is hardly the realm of investment geniuses. "Valuations" were savaged by thicko valuers in the last crash, and then put back up once the whole world hadn't blown up and it was clear that rent rolls hadn't blown up). It's a nonsense of a profession IMO. I've made a fortune doing my own valuations and ignoring thicko valuers thank you very much....

[a0002577] 18/12/2019 15:04

Blimey - even Methuselah could only make 969 years old!

But Doctor Who is older :)

[skyship] 18/12/2019 12:20

Eezy - this is the worst part of a rather childish post - a rare thing on this thread:

"NAV that is made up by some thicko valuer"

[skinny] 18/12/2019 11:49

Blimey - even Methuselah could only make 969 years old! :-)

[eezymunny] 18/12/2019 11:44

redhill9

You could spend 1000 years trying to convince SKYSHIP that divi sustainability is significantly more important than the NAV that is made up by some thicko valuer. Don't bother. I wasted 1000 years of my life all for nothing. He's positively Araldited to faith in NAVs ;)

[cwa1] 17/12/2019 18:07

I am Spartacus too...released mine into the wild today myself.

[redhill9] 17/12/2019 17:43

I tend to be sceptical of propco NAVs as I suspect there is a fair margin for error in either direction, and put more faith in apparent sustainability of dividends. I certainly wouldn't sell RGL just because it went to a premium if the yield still remained attractive.

[spectoacc] 13/12/2019 16:34

Bought back nothing today, fwiw. Many are higher (NRR, AEWU, EPIC, OIG), all not by much, and some (eg ESP, SQNX, SQN, CSH) unchanged or lower. "Cheap insurance", as @chucko1 would say, albeit I called it completely wrong.

Housebuilder moves seem ridiculous, running a painful s/b short on BKG, as well as running losses on some $ exposure.

A good weekend to all.

[skinny] 13/12/2019 09:49

HL still incorrect after nearly 2 hours.

[spectoacc] 13/12/2019 09:36

DMA only for me too, but wasted time attempting quotes. When there's the size on the OB, they really shouldn't be switching the RSP machines off!

Just seen someone paid 99.98p for 50k AEWU earlier - madness.

[chucko1] 13/12/2019 09:32

HL web site effectively ground to a halt. Had to use PLUS500 for proxy sales.

[spectoacc] 13/12/2019 09:22

Plenty of other risers I think won't hold it - some really daft ones first thing, eg DRX. NRR went 214p bid!

Buying/selling thru the RSPs was next to impossible, as ever when it's busy & there's money to be made.

[chucko1] 13/12/2019 09:19

HL was a disaster this morning.

[spectoacc] 13/12/2019 08:20

True. A binary issue (Brexit) decided on a FPTP GE.

Shorting HL one of the easier trades this morning.

[chucko1] 13/12/2019 08:00

Not going on Andrew Neil was exactly the correct calculation. In a half hour interview, it can always be filled with embarrassing angles on events or thoughts which require nuance and context. AN has perfected the art, so why subject yourself to it?

In the event, it likely would not have made a jot of difference.

[rcturner2] 13/12/2019 07:28

RCTurner212 Dec '19 - 07:45 - 611 of 629 Edit
0 1 0
The key question is whether Dominic Cummings has worked his magic or not. I actually think the size of the Tory win will surprise a lot of people. Labour are polling very badly in a lot of their traditional seats. I have heard that Labour is pulling its ground workers out of many supposed marginals in order to defend what were supposed to be safe seats.