Balanced Commercial Prop... Share Discussion Threads

[aim999] 03/5/2023 20:25

Maybe an increase in june

[cwa1] 03/5/2023 15:28

Balanced Commercial Property Trust Limited today announces a monthly property
income distribution payment in respect of the financial year ended 31 December
2023 of 0.4 pence per share as detailed in the schedule below.

The key dates for this interim dividend are as follows:

Ex-Dividend Date 11 May 2023
Record Date

12 May 2023
Pay Date

31 May 2023

[nickrl] 25/4/2023 20:32

@dodger they ran up well ahead of others for no obvious reason either

[dodger777] 25/4/2023 12:19

That’s quite a decline in a week, 10% since results. Drop seems a bit excessive 🤔

[nickrl] 19/4/2023 09:58

Results out today but bare min info compared to others and full annual report not yet on website. Anyhow don't tell us much that we haven't seen on qtrly NAV update but reasonable progress on increasing NRI despite slight void increase although that is largely down to one office block tenant vacating. The divi is well covered and would have scope for another small uplift. They are on the case with sorting out the 24 debt maturities with first due Jul 24. They have plenty of cash in hand so don't know why they are bothering with the 50m RCF (even undrawn they cost c0.7-1% to maintain).

I liked this comment not "The Company purchased 51.6 million shares during the year at an average discount at the time of purchase of 19.6 per cent and a cost of £58.5 million. OK saves 2.4m on divi costs but 60m quid to get 1p NAV benefit!! Better off keeping cash on deposit and investing it in high yielding assets.

Being sub 6% doesnt interest me but i wonder now London tourism back on form whether if the St Chris estate might be the prop here that has boosted share price a fair bit when others have been falling by the wayside.

[hindsight] 10/4/2023 16:18

One of my better ones, its in profit, not many in my reit world. Broken the downtrend pennant hopefully.

[skyship] 10/4/2023 15:23

Perhaps due to London exposure

[spectoacc] 05/4/2023 16:06

Not in it, but BCPT has held up a lot better than many others - not sure why.

[cwa1] 05/4/2023 15:59

Dividend Declaration

Balanced Commercial Property Trust Limited today announces a monthly property income distribution payment in respect of the financial year ended 31 December 2022 of 0.4 pence per share as detailed in the schedule below.

The key dates for this interim dividend are as follows:

Ex-Dividend Date
Record Date
Pay Date 13 April 2023
14 April 2023
28 April 2023

[aim999] 30/3/2023 11:33

Payday tomorrow....worth reinvesting back in

[aim999] 09/3/2023 02:44

Roll on payday and I buy more. Also nice to see a nice gradual appreciation of the share price

[cwa1] 08/3/2023 15:29

Balanced Commercial Property Trust Limited today announces a monthly property income distribution payment in respect of the financial year ended 31 December 2022 of 0.4 pence per share as detailed in the schedule below.

The key dates for this interim dividend are as follows:

Ex-Dividend Date
Record Date
Pay Date 16 March 2023
17 March 2023
31 March 2023

[aim999] 07/3/2023 12:01

This share is boring but very profitable.... Next ex dividend this week. Roll on payday at the end of the month. Nice little earner

[aim999] 25/2/2023 06:47

Doing quite nicely. Payday next week and ex dividend the week afterwards...... a nice little earner.

[aim999] 13/2/2023 06:57

Hopefully a nice little earner, I topped up about the same price...with a bit of luck decent capital growth with regular dividends. Be interested to see if they take advantage of depressed prices and add to the portfolio

[skyship] 10/2/2023 13:34

Did so at 81.35p

[aim999] 10/2/2023 11:10

Another bite of the cherry.... But the dip!

[aim999] 09/2/2023 00:18

Still good value here even if gone up a few pence. Seems 90p+ is more reasonable. Also the monthly dividend is really handy,especially if reinvested

[skyship] 08/2/2023 09:28

Yes, seems I missed this one. Still, EBOX flying & SERE strengthening, so well pleased with the sector. Also hold EPIC, SREI and a residual small holding in CTPT - the runt of the litter!

[aim999] 08/2/2023 09:23

Nice timing getting in at 80p......

[nickrl] 07/2/2023 20:47

They also have a Barclays 100m facility due Jul 23 split 50m in a term loan and 50m RCF undrawn. The loan is backed off by a cap at 2.37% LTV 50% ICR 1.6 and 0.74% fee on used 50m RCF. With Barcs agreement they can extend by a year but it will revert to SONIA + 1.85% so nigh on 6%. Given the amount of cash they are holding maybe can drop the bulk of it is most sensible option.

[aim999] 07/2/2023 10:16

Hopefully they can take advantage of depressed prices in London that should be the first to rebound. Also the dividend is monthly so no big ex-dividend drop....and regular income that can be reinvested

[skyship] 07/2/2023 10:03

Added to my watchlist. Cheapest offer currently 80.61p; at which level they stand on a 32% discount and a 5.95% yield.

A couple of negatives are the 31.6% allocation to offices; and the bulk of their debt needing renewal Dec'24. Interest rate on their £260m L&G loan is 3.32%; so if interest rates do come down again later this year they may be able to renegotiate that at not much of a higher figure.

[aim999] 07/2/2023 07:23

Taken first position here at 80p. Happy to sit it out and collect the dividends. If the recession is less severe than forecast we could see the mood and things pick up. Lots of unknowns but feels a fair price to buy in (while the gloom is priced in)

[aim999] 06/2/2023 13:28

It does feel like a good contrarian play with a nice dividend especially if the downturn isn't as bad.