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Share Name Share Symbol Market Type Share ISIN Share Description
Alpha Real Trust Limited LSE:ARTL London Ordinary Share GB00B13VDP26 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 175.00 170.00 180.00 175.00 175.00 175.00 1,731 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 5.3 2.2 0.0 - 106

Alpha Real Share Discussion Threads

Showing 351 to 374 of 425 messages
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
22/9/2020
15:48
On a more general note to holders and potential holder, I just plotted on the ADVFN overlay facility, SLI (the only REIT I hold) against ARTL over 1,2,3 and 5 years.... ...well I bought some SLI back at 50p recently and although the value is only c.25% of my ARTL holding I really don't know what I was thinking. ARTL has produced a COMPOUND growth of 18% a year over the last five years ....including COVID and if I go back to the beginning of March (not the peak share price but the start of the covid effect)the COMPOUND growth was 23% a year for the previous 4.5 years.(excluding dividends) This management is very nimble and exited the ground rents sector just at the right time, built the H20 shopping centre then sold 70% for much gain, the data centre in Germany for much gold, the student accommodation in Leeds and Birmingham again for considerable profit and now they are making short term asset backed loans to property developers. I wondered how they could get such high rates of return on such low risk loans (very high asset backing)but it seems that banks etc can't enter this market without jumping through a large number of hoops so if you want a million or two for six months or so to finish your multi million pound project you don't have a big choice. My point is that as long as this is a profitable place for their cash then these guys will be there but if not they will simply move on. Not only are these loans heavily asset backed but there is a large number of them which obviously spreads the risk. There have been no defaults but it would not surprise me if ARTL simply took over a seriously distressed project and this would be at very advantageous term. Cash is still coming in from India and recent property sales so my guess is that they will let the Covid dust to settle(if it ever does), manage their existing loans then there will be any number of developers desperate to get their projects finished.....step in ARTL.
pavey ark
22/9/2020
15:07
Skyship, As I said before I am not here to convince you or anyone else ....each to his own but you are investing in companies with much greater risk than ARTL and have a much poorer record of enhancing shareholder value. To suggest that their Spanish shopping centre is a cause for concern when they now have close to 50% of their assets value in cash is a rather strange way of looking at things.....you must have a rather "rose tinted" view of some of your property holdings. Simon Thompson did not MAKE the share price he merely pointed out to people the rather obvious merits of the company and investors have taken it from there. The share price has maintained its value simply because any serious investor looking at ARTL, doing proper research and subsequently buying the shares has not been disappointed in their investment. Anyway you are not really interested here and as I said before it is NOTHING like the list of your recent buys but it is much more likely to increase shareholder returns and it is a MUCH,MUCH safer investment than say SLI and the others for the reasons I pointed out previously. PS. "chance their arm"...........these people NEVER chance their arm....that is my point.
pavey ark
21/9/2020
16:12
As I said in my earlier: "Meanwhile, it will be very interesting to see where/when they decide to chance their arm & invest some of that cash." I recognise their talents; it's just that I think they are fully valued thnx to ST!
skyship
21/9/2020
16:09
Pavey - yes, as I stated back in April, I share the same concerns as cerrito, he too concerned as to the valuation of a Spanish shopping centre which represents 15.6% of the portfolio. I was right as I stated re the Simon Thompson tip. On the Friday 19th June they rose interestingly from 149p to 154.5p; then on the Tip on the Monday they jumped to 169.5p; and have largely held that gain.
skyship
20/9/2020
18:18
They were good long before Simon Thompson's recent tip,H2O Isn't a big asset now as they built it ,developed it and sold most of it for much gain......it's what they do.I'm not here to convince you but you did comment on my post, that is why I responded.I noticed that you were looking at them before and were put off by another poster which suggests to me that you were never serious .ARTL is not to be compared with the likes of SLI and the others on your list .(I bought quite a few SLI in Dec 2018 and sold when they got ahead of themselves but bought some last week. SLI does not occupy the same place in my portfolio as ARTL)If things get rough again then these guys with a very large wedge of cash and their very nimble approach will certainly do much better than a bunch of landlords bemoaning non payment of rents ,rising void rates and loans to pay...............but each to his own.
pavey ark
20/9/2020
16:57
Hi Pavey ARTL had a good rise back in June after Simon Thompson re-tipped again! They have largely held onto that gain; so IMO the current share price is rather tip enhanced. One possible concern is the large asset H2O - a shopping centre in Madrid. Meanwhile, it will be very interesting to see where/when they decide to chance their arm & invest some of that cash.
skyship
19/9/2020
23:20
Skyship, I also hold (very,very recently SLI) but you are comparing apples with oranges..The guys at ARTL are in a different league to anyone buying a shed that's leased to B&Q and up until the recent turmoil the share price reflected their ability.ARTL is much more of a bargain than anything like SLI but only if you appreciate their history of deal making and their ability to make the right move time after time.Each to his own and yield alone does not make a good investment but in that area and with their fairly recent change of direction I expect the yield to increase at a much greater rate than the shares in your chosen list.
pavey ark
19/9/2020
21:30
Certainly not the same yield though!
skyship
19/9/2020
20:32
Bit more like RECI now, rather than other Commercial Property co.s.
davebowler
19/9/2020
15:18
Pavey - I currently hold 5 propcos - BCPT, EPIC, RGL, SLI & SREI. The average discount = 41.3%; and the average yield = 6.3%. ARTL far from under-valued IMO.
skyship
18/9/2020
10:58
hTTps://uk.advfn.com/stock-market/london/alpha-real-ARTL/share-news/Alpha-Real-Trust-Limited-Trading-Update-and-Divide/83286035
davebowler
18/9/2020
09:30
Very interesting update. As you would expect these guys seem to have positioned the company in a very nice place .....funny that....they must be very lucky !!??? Anyway as there seems to be a total absence of any kind of response so I thought I'd point out something that will be obvious to some and a complete mystery to others. With a NAV of 211p and a share price of 167p the discount appears to be c.21% Wrong!!......In any real world situation you can't discount cash. The company appears to be rapidly approaching 50% cash but to keep things simple lets say 100p/share. 211p NAV -100p 167p share price - 100p (111-67)/111 give 40% He-ho ... it is my way of looking at this. In the interests of full disclosure I hold a reasonable number of these.
pavey ark
03/7/2020
10:12
Not a subscriber...so apart from buy what else did they say :)
badtime
29/6/2020
09:33
hTTps://alpharealtrustlimited.com/investor-relations/financial-reports/ART%20Annual%20Report%20to%2031%20March%202020.pdf
davebowler
22/6/2020
14:20
Re-tipped as a BUY in Simon Thompson column on Investors Chronicle website today... HTTPS://www.investorschronicle.co.uk/comment/2020/06/22/six-small-cap-buys/
speedsgh
19/6/2020
12:48
to all LTH's - i posted previously re Antler having gone over 30% not having been aware of the concert party rule that means they are not subject to Rule 9 of the takeover code. Apologies if this misled anyone RA
redalert
18/6/2020
07:56
Antler have gone over 30%
redalert
12/6/2020
09:59
Just made a little top up here. With the Indian cash looking secure the NAV must be close to 220p. Obviously H2O must have some sort of a write down but with the Birmingham land sale added to the cash from Galaxia the cash pile is looking like 84p/share. Plenty of secure looking assets to add to this so obviously happy to add. Also quite happy with the margins in their loan book they may even be in the market for distressed assets as they have the cash....and the know how!!
pavey ark
18/5/2020
11:40
ARTL mentioned here at 3 mins hTTps://www.mitongroup.com/professional/fund/miton-global-opportunities-plc/
davebowler
10/4/2020
16:12
I for one don't need any reassurance from the company. I have read all the available, detailed information in the public domain. These guys have bucket loads of cash and are just the people to use it very wisely. If anyone needs reassurance they can look at the five year share price and have a look at how this management team has repeatedly changed its strategy and each time has come up with the goods.
pavey ark
09/4/2020
09:54
Liberum; Reassuring statement from RECI -a model for ARTL. RECI's NAV per share at 31 March 2020 was 147.0p, representing a decline of 10.1% in the month. The key driver of the NAV decline was unrealised mark-to-market volatility in the bond portfolio, resulting in a NAV decrease of 10.1p (60% of NAV reduction in the month). The bonds are valued using independent pricing. RECI also reduced the valuation of the loan portfolio to reflect lower recovery values on loan investments in a prolonged recession. This reduced NAV by 6.2p per share, predominantly relating to a loan to a UK housebuilder (5.4p). A writedown has also been made on a loan to a UK retail park (0.8p NAV impact). A loan secured on an asset in Dublin fully repaid in the month (19.5% IRR). The company has decided not to proceed with any of the pipeline deals that were due to close in March. Cash on the balance sheet at the month end was £36.7m (10.9% of NAV). Outstanding debt is £81.7m (24.2% of NAV). The manager has initiated a review of each position under the prudent assumption of a lengthy recession and a two to three year recovery period. A report will be provided in due course. Liberum view Despite the mark-to-market volatility, the portfolio is defensively positioned with a focus on senior loans and core income bonds. LTVs are relatively low (bonds 57%; loans 66.6%). The majority of the investments are relatively short duration (loans 1.2 years; bonds 2.2 years). Some of the borrowers are likely to experience cash flow difficulties but there is significant headroom in valuations. Risk is mitigated by collateral quality, loan structuring, borrower strength and robust documentation. The borrower's equity is invested before RECI provides debt capital, ensuring a further layer of protection and alignment of interests. RECI has not experienced any realised principal losses since inception. The current discount to NAV is pricing in an extreme situation for property values. At the current discount to NAV (-21%), we estimate the implied headroom in the underlying collateral value is c.50% for the loans. This compares to a peak to trough drawdown of 44% in UK commercial property values in the financial crisis between 2007 and 2009. The manager has considerable experience of workout situations in loans and bonds. Valuation policies differ across the lending sector. Most lending funds hold assets at amortised cost less any adjustments for expected credit losses and will therefore have relatively smooth NAV return profiles. A number of funds, including RECI, fair value their loans and make adjustments on the basis of credit quality of the borrower or the underlying collateral. RECI's NAV movement is broadly in line with the level experienced by RM Secured Direct Lending, which also holds assets at fair value.
davebowler
07/4/2020
18:44
Cerrito - I've been sniping profits around the sector, assessing those that have missed out on any bounce. Alighted here and read your concerns, which I share. All may be well; however too many known unknowns...so will move on...
skyship
27/3/2020
00:10
Yes davebowler, that was a good RNS from RECI and you are right to say that the more info we have on ARTL's portfolio the better. What I am trying to get my head around is to what extent ARTL who have 31pc of their loans in London will be impacted given that construction work in London is being suspended and indeed in the rest of the country with the unknown of material shortages. Given that they are secured and the 75% loan to GDV guideline my current reading is that they will suffer some inconvenience but will come out OK. Incidentally ARTL said they have had no defaults but given that they have only fairly recently gone into this business and the loans are in the 1 to 2 year maturity range, I would not have expected them to have any defaults yet. H20 will be going through a very rough patch at the moment. I do not know but I should if the Madrid Shopping centre market has the same strategic issues that the UK one has. The saving grace as as PA says the fact that at 12.10 £35m of the £123m assets were cash. I would be very pleasantly surprised if the share price gets back to 200p or even 185p in the near future.
cerrito
24/3/2020
18:03
ARTL should make an announcement like this to reassure the market- hTTps://uk.advfn.com/stock-market/london/real-estate-credit-inves-RECI/share-news/Real-Estate-Credit-Investments-Ltd-Market-Update/82041330
davebowler
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
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