CT Property Share Discussion Threads

[kev0856153] 08/9/2021 16:14

I doubt the dividend is in danger even though I've looked back and the announcement for the september payment has never been this late ever.

[alan pt] 08/9/2021 13:37

Dividend can only go up from here I think!

Have a look at EPIC too, if you haven't already, nice yield and some growth potential

[horseyphil] 08/9/2021 13:34

Agree Alan PT, with its portfolio mix and modest gearing this should be 80p+. Much prefer this to BCPT. Have also topped-up.

[brwo349] 08/9/2021 12:45

I bought more at 73.4p fwiw. I buy for income so I'm taking a risk the dividend is not affected by the egm result tomorrow.

[alan pt] 08/9/2021 10:49

Yes, I also did a couple of little top ups at the end of Aug at 73.7 and 74.5, so it's a little annoying. But really there's no reason for this to trade below 80, looking at comparable REITs, so eventually it will catch up

[brwo349] 07/9/2021 17:16

I don't know but I think the uncertainty or even outright delay is hurting the share price. I could definitely have bought cheaper if I had waited till this week.

[alan pt] 01/9/2021 16:32

Wonder if they are waiting for the EGM on 9th Sept to announce? No obvious reason to do that, but perhaps they reckon it will give more content for a press release?

[brwo349] 31/8/2021 16:51

there's always an exception to the rule lol. if you go back far enough like 6 years the dividend was announced a week into september and the dividend date was moved back a week

[brwo349] 31/8/2021 12:09

I bought in this morning. Every year the 3rd interim dividend is announced before the end of August and always at some random time in the afternoon so keep your eyes peeled from 1pm onwards.

[redsonning] 27/8/2021 14:35

Thanks Sky! Your excellent analysis is appreciated, as always!

[skyship] 27/8/2021 13:49

Need to break up through 77p...


free stock charts from uk.advfn.com

[skyship] 27/8/2021 13:41

red - I said that simply because BREI are trading below the level of their peers on the two fundamentals of discount & yield.

Such an anomaly is often due to a tap seller - as per the recent case of EPIC.

With 241m shares in issue, we may not see an "Holdings" RNS.

[redsonning] 27/8/2021 12:16

Hello Sky. Just interested to follow why you think these are "tap" trades? I haven't seen any announcement from the company one way or the other clarifying either what whey intended to do, or what they have done. Presumably there will come some piece of info soon to explain, since we have seen 9.1m shares traded.

[skyship] 27/8/2021 11:17

The fourth quarterly interim dividend should be announced very shortly. 26th August last year.

[skyship] 27/8/2021 11:11

Alan - had missed those late trades; so thnx for pointing that out.

Looks like a put-through; and could well be the end of the recent tap.

Anyway, tempted me back for a few more just now @ 74.56p.....27% Discount & 5% Yield on the anticipated 3.75p annual dividend.

Looks to be plenty of earnings to more than cover that 3.75p at a cost of just £9m.

[alan pt] 26/8/2021 19:27

Well, something just happened, quite what I'm not sure?

£6.6M in three trades, more than a usual month!

[redsonning] 26/8/2021 15:14

Decent portfolio of properties, solid balance sheet, low gearing, good yield paid quarterly, covered by cash collected, significant discount to assets, no heavy exposure to retail, upside potential.
This is simply a matter of time and patience - the share price will float upwards in due course.

[alan pt] 25/8/2021 10:38

Grabbed a few more here, figure the discount has to close eventually - 10 points clear of anything else, so a real outlier

Maybe a dividend increase might be the trigger?

[spectoacc] 13/8/2021 14:24

Nothing we don't know, but:




"Elliott said he has been ‘surprised by the lack of recovery seen in the share prices of some property funds since the lows of 2020, and a number of the discounts real estate investment trusts (Reits) currently trade on are ‘difficult to justify given the improving outlook and the value embedded in the land and real assets’."


Not sure about lack of recovery from lows - been some great risers across the board - but agree more to come, particularly with NAVs rising again.

[spectoacc] 10/8/2021 16:21

BCPT is the most interesting IMO, if any sort of recovery in the West End. Recommend looking at the yield DLN spent nearly a quarter of a billion quid on today.

But like & hold all the above.

[skyship] 10/8/2021 15:34

Buybacks I would say. SLI (17.3% disc.) & SREI (18.9% disc.); but also same stable BCPT, which doesn't have as an attractive portfolio, but now rates a 20% discount v. 27% for BREI.

[alan pt] 10/8/2021 12:42

Discount difference vs SLI & SREI down to them both doing buybacks? Or just one of those random anomalies?

[hindsight] 10/8/2021 10:17

Personally would have liked to have seen a buyback scheme in place - as per their sister company BCPT.

I would like to see one now Skyship, just wasnt keen till had a full holding.

[skyship] 10/8/2021 10:12

Agreed. An anomaly for sure. However, an early encouraging move...