Aew Uk Reit Share Discussion Threads

[lord gnome] 30/7/2020 08:20

Good call yesterday 2wild. Nice one.

[lord gnome] 30/7/2020 08:19

LoL. And there was me looking to add after the fall on ex-div day. I suppose I should be smiling, but why couldn't he just have saved his piece until tomorrow?

[spectoacc] 30/7/2020 08:08

Thanks - tsk, tipping it on XD day... (yay)

[skinny] 30/7/2020 08:06

Yes - here's .

[noiseboy] 30/7/2020 08:05

Questor in the Telegraph

[skinny] 30/7/2020 08:04

Well I wasn't expecting that open!

[spectoacc] 30/7/2020 08:02

Has to be a tip, getting bought AT 78p on XD day.

[2wild] 29/7/2020 15:39

These go ex 2p div tomorrow. Added at 74.55p giving annual yield of 10.7%. In fact with 5 x ex divs in the next 365 days that's a yield of 13.4% in the first year. Even if they reduced to 1.8p going forward that's still 12.3% in the first 12 months with low LTV and 2.05% all in cost of debt.

[shieldbug] 28/7/2020 12:35

From the Kepler Research "At sub-£108m in market cap, AEWU will be too small for some wealth managers" - that sounds like a good thing for income investors. Keep the price low and the yield up.

[cwa1] 27/7/2020 08:01

Link to the Kepler research:-

[essentialinvestor] 25/7/2020 18:17

With respect to Tom, you may be under a misapprehension that people are
hanging on his every word?. Not sure that is the case and the same applies to the rest of us.

[shieldbug] 24/7/2020 19:25

Dagenham Bingo is open - according the Mecca website. It has a Hollywood Bowl on the first floor - which is re-opening next weekend - from their website. The third business on the Dagenham site is McDonald's which has been open for a while.

There is a lot of housing being built nearby - these are going to be used more not less in future. AEW own the rest of the leisure park where there is a (popular) Gym, a cinema and a Travelodge along with about 3 empty smallish units.

[chucko1] 24/7/2020 15:21

25p is a darned sight closer to 0-20p than to the share price of 80p which is where the intellectual* contest was bitterly fought. Where was the NAV at the time? - oh, 90p or so. It's now 46p, so that line fails also.

Johnwig is like someone attempting to lecture Engineering at Oxford, but with a B in maths A level. The crowd aren't buying it, even if the lecture is given in colourful prose!

*I'm being really, really generous.

[chucko1] 24/7/2020 11:05

Redhill, only 6?? If you had had doubts about Woodford and contributed to the WPCT board, the number would be three times as high. They're not all Johnwig, but they're equally as maladjusted.

[skinny] 24/7/2020 11:02

I didn't realise that you had to be a premium member to downtick - I thought anyone could - that makes it even more bizarre/pathetic!

[redhill9] 24/7/2020 10:57

I think I now have all of Johnwig's aliases filtered (6 I think) and the number of green ticks he gives himself for innocuous posts with no content is a bit of a giveaway in identifying him.

Surprised he seems to be paying for two premium memberships enabling him to give you two red thumbs on occasion.

[1tcm1] 24/7/2020 08:36

spectoacc or adae or secundum or whatever else you are calling yourself today, that third paragraph above is pathetic, utterly pathetic. Every word is a lie.


His posts under his many synonyms extend to the tens of thousands. A pathetic little troll tit. But malevolent.

[spectoacc] 24/7/2020 06:58

@kenmitch - agree re buybacks for trading companies, but do think "discount to NAV" co's are different. Also, buybacks in general (& over-paying divis) frequently indicate a lack of profitable investment options (almost by definition) - with repercussions both for future values and future performance (ie what they're holding is toppy, and future growth is low). Again, would hope there's a different argument where the cyclical property market is concerned, but may be talking own book :)

VSL another example - big discount, huge yield, using money from maturing loans to buy back shares rather than (or as much as) make new loans in a market where the govnt is artificially suppressing yields.

(Re downticks - every post I make on ADVFN gets down-ticked by a troll with a dozen or more logins by the name of @Johnwig, after I called out Woodford over several years. Needless to say, he was & remains a big fan of Neil :) Tiresome, but easily ignored/filtered, & a total waste of somebody's time. Every BB has a troll).

Re Odeon/Bingo - both clearly at risk in this market, but perhaps too soon to call either? Bizarrely, tho masks compulsory in shops & cafes, they're not in cinemas. Should a vaccine appear, both ought to recover IMO, but wouldn't rule out a CVA in the meantime..

[stemis] 23/7/2020 21:58

Well you can see Odeon Cinema's Limited accounts here



£44,000 represents an average of £183 a day per screen. Doesn't seem that much considering they show a number of films each day in each screen.

[loglorry1] 23/7/2020 21:24

Yes I assume the parent groups which look well capitalised will support these rents for the time being. Obviously a bit of a loser in the covid problems. Perhaps they can be re-purposed.

Amazed an 8 screen Cinema can make enough money to pay 44K a month in rent alone. That's a lot of popcorn!

[stemis] 23/7/2020 21:15

I suppose a rather big blue bottle in the ointment is two large leases to

1. Mecca Bingo Limited Leisure London East Leisure Park, Dagenham 625K 3.6years2
2. Odeon Cinemas Leisure Odeon Cinema, Southend 535K 3.1 years

These two alone bring in over 1.1m in rental income. Hard to repurpose too.

£1.1m rental is 7% of total so it could be the outstanding balance. However Mecca is owned by Rank which seems to be okay. Odeon is owned by AMC in the US which is still trading, although showing some distress, but the UK business seems reasonably well capitalised and normally profitable.