CT Property Share Discussion Threads

[spectoacc] 08/3/2022 12:05

Must admit I've given back those bought under 81p, but BREI remains absolutely my largest holding.

[flyer61] 05/3/2022 12:44

I realise this is off topic but Russia is 2% of global GDP....a gas tank with a wasteland attached to it. In the short term we need their gas in the long term we can do without Russia...completely.

Topped up BREI yesterday as well.

[nexusltd] 04/3/2022 23:19

Potential Off ramp / Bridge for Putin?
hxxps://video.foxnews.com/v/6299652274001/

[spectoacc] 04/3/2022 20:27

Agree that we've been appeasing Putin far too long - Georgia, Crimea, Donbass, Syria..

But disagree that we should appease him in any way whatsoever - either he wins, or we do. The world has changed, and the markets are being unusually slow to wake up to it.

[nickrl] 04/3/2022 19:14

Specto this was always the risk with him and we've been on notice since invasion of Crimea but West did little with Germans verging on stupidity selling their soul to Russian gas and then shutting down their reactors. Still feel the West are badly prepared here and they would be better finding a golden bridge so Putin has a way out even if its means abandoning Ukraine in the short term. The risk is massive economic dislocation across the globe and that will inevitably spark other conflicts.

The West also needs to deploy every covert trick it has in its locker to foment Russian people to up the ante. Russians have much to lose having experienced some good improvements in lifestyle over the last decade.

[essentialinvestor] 04/3/2022 14:04

Spec, if the unthinkable happens then the benefit of being near London is
it will be a quick end!, would like to think that remains very unlikely.
Seeing the public circus last week with his advisers, it is concerning.

Is was like something out of a Bond movie with the mad villain centre stage surrounded by terrified people.

[spectoacc] 04/3/2022 13:54

Indeed. And let's hope other unthinkable things haven't occurred in 2 weeks' time.

We/the markets have had it good for a long time, but taking Russia (or rather, Russia taking itself) out of the world economy has a long way to play out IMO.

Can't help feeling a lot of dodgy money funded (& funds - isn't only Russian) London.

[essentialinvestor] 04/3/2022 13:40

Recession and bear market looming?.

Seemed unthinkable just 2 weeks ago.

[nickrl] 04/3/2022 13:39

CLS on 44% discount although i guess high risk of recession in Germany given there big exports and economic tie ups with Russia.

[alan pt] 04/3/2022 12:44

A further nibble at BREI for me but also some larger bites at HICL and INPP

[spectoacc] 04/3/2022 12:03

PCTN are very much all talk IMO.

Nibbled a few REITs today but fear things will get much worse.

[strathroyal] 04/3/2022 12:01

Despite the share price falls and extremely generous discounts, there isn't any evidence of stake building in any REITS by the likes of PCTN which suggests to me no serious intent to consolidate the sector. MCKS very much a one-off.

[alan pt] 04/3/2022 11:59

SLI and SREI both also having a bad time, both out to around 26%, but still no reason I can see why BREI should be so much further adrift

[frazboy] 04/3/2022 11:41

Markets pricing in recession and drop in capital values. Yield approaching 5% here

[hugepants] 04/3/2022 11:19

Strewth. On a 33% discount now.

[nickrl] 01/3/2022 17:03

BREI held up well today although SUPR can do know wrong up another 5% to trade 17% above latest NAV although bound to close when results released tomorrow.

[spectoacc] 01/3/2022 16:02

You'd do well to not buy anything with at least Chinese components, and on some things (solar panels, lithium batteries, iPhones) they're close to having the market sewn up. But agree a good idea to try.

I think - hope - that ultimately this puts off the Chinese, due to both the Ukrainian resistance and the (mostly) united Western response.

Xi made a mistake killing Hong Kong democracy - Taiwan isn't going to go over peacefully after that.

Digressing again. BREI been the laggard in the REITs still.

[citytilidie] 01/3/2022 15:42

They’re probably waiting for the para Olympics to take place before they go into Taiwan, unless they are afraid a lot of the world will start to boycott Chinese goods.That will really hurt their Economy. We haven’t bought anything Chinese for 2 years, but politicians of the world are afraid to say anything.

[spectoacc] 28/2/2022 10:42

Possibly true, tho he needed the ground to freeze for his tanks apparently. Will look too late if it takes many weeks, not the days he'd planned.

Plenty of oddities about it - attacking a sister country, a country that's been independent for over 30 years, expecting it to roll over despite the previous two quasi-revolutions to turn to the West, one where 30% of the population speak Russian.

Only sending in 40% of his 190k troops, and some bizarre tactics - where's the total air control?

Giving so much time for Ukraine to prepare - US intelligence was spot on, even when Ukraine said they didn't believe it.

Now threatening nuclear war, uniting NATO, and finally prodding the EU to take control of its own back yard and send arms to the Ukrainians..

Read an interesting piece today likening SWIFT/banking restrictions to the Lehmann collapse - going to be a lot of unpaid-for goods, & think that's still to play out.

Hope we're nearer the end than the beginning - but I fear we're not.

Small REITs holding up so far - vs eg POLY -53%. Russia is uninvestable.

Is China?

[nickrl] 27/2/2022 22:33

Specto my take is Putin has jumped in here too late. Northern Hempishere is coming out of winter high energy demand and can afford to lose Russian gas in short term although will leave it short on storage build as summer progresses as no way LNG can make up the deficiency in the short term but gas can come in from N.Africa and Turkey as well.
I also hope that the West uses this as a wake up call over its current obsession with fossil fuels and realises better we control as much as we can ie code for getting whats left out of N.Sea and revokes the closure of remaining coal fired plant.

[essentialinvestor] 27/2/2022 11:56

Russia invading Ukraine likely to result in fewer rate rises
as oil prices stay higher for longer, squeezing disposable incomes.

Analysis from Bank of America estimating Britons now face the biggest % fall in
household income since the 1950's.

Would doubt recent market volatility is over and corporate margins perhaps
a key headwind for equities in the year ahead - what appears cheap and interesting
can quickly look expensive following a profit warning.

[nickrl] 25/2/2022 20:01

nexus good summary. As i see it the sanctions are slow burn and with Europe needing Russian gas they are avoiding any sanctions in that area and as a result yesterdays spike up in UK gas prices has completely unwound today so no immediate threat on energy costs. So short term I agree that economically not much has changed from markets perspective but could all change at the flick of a switch of course.

[nexusltd] 25/2/2022 18:47

It was dumped a couple of hours before the US markets opened. My view is that the markets are not interested in the outcome of the war; they dance to the tune of sanction strength.
- Will access to SWIFT be curtailed causing severe cash flow issues to banks and their customer's?
- Will oil & gas imports be hit?

Absent those two I think the market volatility will reduce with a market earnings multiple deflation trend as inflationary pressures rise owing to the current sanction regime; back to Fed watching.

What do you think?