Balanced Commercial Prop... Share Discussion Threads

[vacendak] 06/12/2024 17:34

Got my money with EQi.

[wilcolator] 06/12/2024 15:54

Sign, another UK REIT I invested in winds down. First it was EPIC...

[hindsight] 02/12/2024 15:25

IG credited proceeds too

[hindsight] 02/12/2024 14:04

Idealing paid on Friday, still awaiting IG to credit it

[1knocker] 28/11/2024 11:39

Yes. 'within 14 days after the effective date', which was 14 November.

[evg] 27/11/2024 12:27

I read somewhere it's due on 29th November

[hindsight] 21/11/2024 17:25

Anybody received payment yet ?

[1knocker] 25/9/2024 19:13

Quite a number did, and I profited from some of their timely exits though I have forgotten the names now. I also remember some of the squarks from investors who could not see that all good thing come to an end, especially in a cyclical sector. Think too of the entrepreneurs who unloaded estate agencies for fabulous sums to majors which could not recognise the cycles of their own sector!

[williamcooper104] 25/9/2024 17:02

Sam Zell did that in 2006 with Equity Office Properites, most of whose assets he'd bought in the early 90s recession Same with Pillar properties to British Land

[1knocker] 25/9/2024 16:58

It had better be quick, as presumably we have had the last monthly dividend we are going to get. A useful chunk of money every month.

Sorry to see this company go. I suppose it is too much to ask for a property company to sell AHEAD OF rather than DEEP INTO the down cycle. Years ago there were some who managed to do that and get taken out at the top or at least before valuations slid much. Owning those was doubly valuable, as it was a signal to lighten or sell other property company shareholdings at the same time!

[vacendak] 05/9/2024 11:53

Just got a notice of "Scheme of Arrangement" message through EQi. The settlement is expected for Q4 2024.

[williamcooper104] 05/9/2024 11:45

Just as EPIC had done the right thing (other than forgetting to put tens of millions on an interest bearing deposit) and yet was still sold, so should BCPT after having gotten shot of its doggy offices stayed listed Discounts to NAV will go when the muppet money managed by the Wealth Managers can't get a >4 yield on gilts BCPT wasn't too small either

[williamcooper104] 05/9/2024 11:43

Bought in over last couple of months at 82p Had a couple of divis and a 16% capital gain Nothing not too like Despite that and having bought it for the wind up, I do agree with the investment manager and I know Starwood are far from anyone's idiots So would have been better if it had stayed, it should have internalised and stayed listed

[redsonning] 05/9/2024 10:48

Average buy price 78p, yielded near 6% for much of that time over several years. Well managed, low gearing, low voids, excellent mix of properties. Taken out at 96p. What's not to like.

[vacendak] 05/9/2024 07:09

AVI have sold their shares apparently. They were in favour of the proposal.
I guess this was with MIGO as AGT did not hold BCPT as far as I know.

[topvest] 04/9/2024 18:38

Yes, a disappointing investment. Only return for me is the dividends, partially offset by a 9% capital loss.

[vacendak] 04/9/2024 08:43

For those interested in history, graph FCPT from 2005 to about mid 2019. It is still in the ADVFN database. I had built most of my stake between 2015 and 2019.

To be fair, yes, I have had the divis, so end up slighty in the black, but that would have worked as a bad savings account. Oh well, cannot win them all. :(

[williamcooper104] 04/9/2024 07:31

Not great but not terrible, at least it's cash and quick

[nickrl] 04/9/2024 07:29

Proposal much closer to NAV than others have achieved so this one will get pushed through.

[vacendak] 04/9/2024 07:05

Not sure if putting that thing to sleep at 96p is the worst that could happen. We had been "rebalancing" by selling offices slighly below valuations and told that these were good deals. So this one is being shafted in one go instead of progressively.

Not much choice anyway, the big investors seem to be on board. Of course having entered the game at 150p+ all those years ago is not funny. I did top up a bit around 70-80p so those batches will have an uplift.

[morph7] 04/9/2024 07:04

Auction time...

[vacendak] 04/9/2024 07:00

Just got the RNS email notification from Investegate.

[spectoacc] 04/9/2024 06:35

7.00.36am from Starwood, the Rule 2.7 is actually the offer RNS.

[skyship] 04/9/2024 06:33

Strange, nothing on their website.

[morph7] 04/9/2024 06:06

96p per share.We've just been mugged.