Aew Uk Reit Share Discussion Threads

[kenmitch] 22/11/2021 17:06

Again half agree! Yes he’s got it nicely set up with that initial immediate big mark up. But there’s also no denying the very high success rate year after year for his bargain portfolio. Next one to get the ST treatment could be Pelatro after their news today.

[skinny] 22/11/2021 16:40

The fact remains that's a new ATH with volume @114p.

[spectoacc] 22/11/2021 16:37

Tbf I'm often grateful for his tips - a chance to sell into them.

But he's got it nicely set up where he could mention anything and it'd go up inititally.

[kenmitch] 22/11/2021 16:36

Agree that ST tends to ramp, but hard to argue against his overall success rate.

[spectoacc] 22/11/2021 16:04

Enjoy the IC. Quite enjoyed them tipping AVON as a buy a week before it halved recently :))

Can't abide ST, never been able to: Sir Rampalot. Serious doubts about John Barron MP too. IC now has a lot of "Buy my book/subscribe to my website/courses/follow my tips".

Chris Dillow has some interesting things to say but can't escape his leftism/Corbyn leanings.

But they analyse some companies I might otherwise have missed, and some of the personal finance/tax stuff is useful.

Agree there's been some funny goings-on recently tho.

[petewy] 22/11/2021 15:56

Kenmitch: I agree with you totally on every point. I can go back 50 years. I cancelled two weeks ago and the burden of it dropping thru my door and wading thru it is gone.

No one has asked me why I cancelled my subscription

[ramellous] 22/11/2021 15:34

It’s moved now lol

[kenmitch] 22/11/2021 13:58

Not surprised that there’s no share price increase following the ST tip, as it’s now fully valued.

I agree about Investors Chronicle. I’ve subscribed for over 30 years but the quality is the lowest now it has ever been. So many top writers and the Editor have gone. Have a hunch there has been a lot going on behind the scenes there, and no good reasons (or thanks) have been given for the sudden disappearance of the Editor or the others.

Simon Thompson, John Rosier and John Barron (for Investment Trusts) are the only reason I’m still subscribing, and of those 3 only ST is regular contributor. Much of the Magazine is deadly now. e.g the awful “on the one hand” and “on the other hand” and “just buy Trackers” Chris Dillow is now given increased space for his weekly waffle.

Wonder if they will soon be dropping the print edition? Also it’s infuriating that subscribers were asked to pay more for their relatively new Alpha feature. I thought that a cheek so won’t subscribe on principle, and hence haven’t read the full ST AEWU update.

[petewy] 22/11/2021 10:08

So much for ST's boost. hasn't moved

[petewy] 21/11/2021 11:06

I cancelled my IC subscription after 50 years of reading it. Too much gobbledeook.

[skinny] 21/11/2021 08:37

Thanks for the link Kenmitch - I've posted on the thread.

[kenmitch] 20/11/2021 21:28

Arguably it’s far too late ST cottoning on to AEWU. AEWU is by far the best performer in my own REIT portfolio (up 70% and 100% if including dividends). Best of the others is SERE up just 43%. And AEWU once big near 40% discount has gone to small premium. Meanwhile others on similar dividend yields are still at sometimes double digit discounts:-



I’m happy continuing to hold AEWU as the near 13% dividend yield (if held and they managed not to cut it last year) at my buy price itself justifies holding even with little if any further share price gains. But monthly dividend payer EPIC, with another dividend increase likely very soon, looks a better buy if opting for one now.

[skinny] 20/11/2021 12:35

I believe yesterday's 112.60p was/is the all time high.

[skyship] 20/11/2021 12:33

petewy - thnx for that - certainly a very detailed piece of research.

[petewy] 20/11/2021 11:16

Expect some movement up because IC's Simon Thompson has a huge piece on AEW in the Alpha section (Pay extra) of the IC this weekend.

Snippet it has graphs etc.
The investment risk looks skewed to the upside for investors taking a 12-month view on the high yielding shares ofAEW UK Reit, a real-estateinvestment trust (Reit) that raised £100m at 100p a share when it listed on the London Stock Exchange in May 2015.
That’s because 50 per cent of the fund’s £218m investment portfolio of high yielding commercial property is in the industrial sector, a hot segment of the market that has been attracting significant demand from both tenants and investors alike. In 2020, over 50m sq ft of warehouse space was let, or 12.7m sq ft ahead of the previous record set in 2016.
There was no let up in the first half of this year either with take-up rates 82 per cent above their long-term average, according to Savills. In the third quarter, property consultancy Colliers estimates that 11m sq ft of industrial warehouse space has been taken up by tenants to lift this year’s running total to 33m sq ft, the second strongest first to third quarter on record. Such is the demand that Colliers estimate that only 20m sq ft of vacant space was available at the end
of the third quarter, the lowest level ever recorded in the sector, and 38 per cent lower than 12 months ago

[nickrl] 17/11/2021 19:03

Half year results out today and can't fault the detail they provide on the portfolio top of the class. As they say themselves divi isn't covered and would suggest a few clouds on the horizon may keep it that way for a while but the buy low sell high returns more than compensate currently. They also have a unbelievable interest rate currently of 1.47%.

Looks like unloading Bath St Glasgow is going to cost us a few quid unless ive misinterpreted this statement.

"Regarding achieving vacant possession, only one tenant remains in the building having recently exchanged on the variation of W.A. Fairhurst's lease, bringing their occupation to an end on 31 January 2022, in exchange for an £800,000 surrender premium, plus nine months' rent free from 28 February 2021 to 1 December 2021"

[nickrl] 08/11/2021 18:14

Looks like it was owned by Std Life Aberdeen Retail Pk Trust and was valued at 30-35m in 2019. Presumably they are selling to cover redemptions. Good roster of tenants would suggest rents are reasonably secure but whether they will make the ERV quoted is debatable but even if it static adds nicely to income stream.

[kenmitch] 08/11/2021 17:29

Interesting to see too that the once huge discount to NAV has narrowed almost to par without recourse to buybacks, except for one of 200,000 shares ages ago. AEWU also held their 8p dividend. I’m pleased with the performance of all my IT REITs but AEWU up 75% excluding dividends is best performer of all and yields 13% at my buy price.

Happy too with SREI performance though it lags AEWU but unlike AEWU, SREI is still on double digit discount to NAV despite regular buybacks a while ago.

I know my negative opinions on Investment Trusts buying back is a minority view, and one the excellent SKYSHIP strongly disagrees with, but AEWU supplies imo clear evidence that it can be far better investing in the business successfully to get the discount down rather than trying to do it via expensive buybacks with money that could have been used for bargain buys.

[stemis] 08/11/2021 12:04

That's quite a balsy call on the continued success of retails centres and the markets underpricing of them. So far Ms Short seems to have made the right calls. Fingers crossed...

[sogoesit] 08/11/2021 11:49

Thanks for info LG.
Retail (Parks), at first sight, appear to be risky in this day and age and, as mentioned in the RNS, this will bring the proportion upto about 25% whereas at June's report it was about 18%.

Personally I hope that Retail doesn't increase much further but, as you imply, a cheap price, with upside development, should cover the risks.

[lord gnome] 08/11/2021 09:58

Looks to be a very good purchase at a knock down price.

[catch007] 04/11/2021 17:25

Investor Meet Presentation out today

[ramellous] 21/10/2021 11:39

Good looking V bottom there...