Civitas Social Housing Share Discussion Threads

[apollocreed1] 05/9/2021 14:34

I bought back in at 101.2 on Thursday, but the above post made me check "ShortTracker" and you can see that 2 hedge funds have gone short starting on the 20th and 24th of August. One of them increased the short position on Thursday 2 September. I have been watching the Short Tracker website for a few years and most of the hedge funds seem to get it wrong so I am happy holding CSH for the long-term.


Fund % short change Date changed

Anson Advisors Inc. and Anson Funds Management LP 0.64% 0.0% 20 Aug 2021
ShadowFall Capital & Research LLP 0.80% 0.06% 2 Sep 2021

[apollocreed1] 05/9/2021 14:34

I bought back in at 101.2 on Thursday, but the above post made me check "ShortTracker" and you can see that 2 hedge funds have gone short starting on the 20th and 24th of August. One of them increased the short position on Thursday 2 September. I have been watching the Short Tracker website for a few years and most of the hedge funds seem to get it wrong so I am happy holding CSH for the long-term.


Fund % short change Date changed

Anson Advisors Inc. and Anson Funds Management LP 0.64% 0.0% 20 Aug 2021
ShadowFall Capital & Research LLP 0.80% 0.06% 2 Sep 2021

[apollocreed1] 05/9/2021 14:34

I bought back in at 101.2 on Thursday, but the above post made me check "ShortTracker" and you can see that 2 hedge funds have gone short starting on the 20th and 24th of August. One of them increased the short position on Thursday 2 September. I have been watching the Short Tracker website for a few years and most of the hedge funds seem to get it wrong so I am happy holding CSH for the long-term.


Fund % short change Date changed

Anson Advisors Inc. and Anson Funds Management LP 0.64% 0.0% 20 Aug 2021
ShadowFall Capital & Research LLP 0.80% 0.06% 2 Sep 2021

[apollocreed1] 05/9/2021 14:34

I bought back in at 101.2 on Thursday, but the above post made me check "ShortTracker" and you can see that 2 hedge funds have gone short starting on the 20th and 24th of August. One of them increased the short position on Thursday 2 September. I have been watching the Short Tracker website for a few years and most of the hedge funds seem to get it wrong so I am happy holding CSH for the long-term.


Fund % short change Date changed

Anson Advisors Inc. and Anson Funds Management LP 0.64% 0.0% 20 Aug 2021
ShadowFall Capital & Research LLP 0.80% 0.06% 2 Sep 2021

[bench2] 04/9/2021 14:03

Most unusual in this subsector but I read ( Citywire ) I think that a professional short position has been built up ........ Could go either way , if nothing wrong with the portfolio or NAV calculation , their will be a nasty short squeeze . I sold this stock when it went to a premium and invested in Resi . Now tempted to reverse .

[nerja] 03/9/2021 18:26

Gulp ,if this does not hold this level, then there seems to be no support to prevent a drop to the covid low

[toffeeman] 03/9/2021 16:27

Towel thrown in - out at what I paid with divs on top.

[badtime] 03/9/2021 16:24

I thought topping up last week was sensible ..doh

[cwa1] 03/9/2021 16:04

Doubtless what I should have done myself speeds. On the FACE of it it looks decent value about here but who knows what's going on under the water?

[speedsgh] 03/9/2021 15:57

Pretty brutal sell off. Not far off the initial Covid sell-off in Q1/Q2 20. Has rapidly moved from a 11% premium to an 8% discount to 108.42p NAV as at 30/6/21 and a 5.6% dividend yield. But is still in 'falling knife' mode so am inclined to keep a safe distance until it settles.

[cwa1] 03/9/2021 14:56

Hard to believe that I've made another purchase here, at a whisker over par, now got a full allocation. Didn't see that coming just a couple of weeks ago!

Will be interesting to see if there IS something nasty lurking in the background to justify this fall, or if it is just clumsy/institutional selling?

Fingers crossed that there isn't anything really wrong out there.

BIG volume being reported.

I wonder if and at what level the board would consider putting out a "clarification" announcement

[aspringo] 02/9/2021 10:48

Bought 10k and have another order in for 10 more at 101, unless there is something lurking unknown to us, seems reasonable value.Good luck all.

[saltaire111] 02/9/2021 09:48

No idea how I duplicated my earlier post...

I still think this is cheap by the way...

Salty

[saltaire111] 02/9/2021 09:47

Just bought another 20,000 shares. The yield is too compelling and the risk reward ratio is now positive.

I’ve sold about 90% of my equity investments over the last few months but at this level, this looks a no brainier.

Salty.

[cousin jack] 01/9/2021 23:38

Apparently Civitas drops out of the FTSE 250 at the end of the month. A factor in the current downward drift ?

[aspringo] 01/9/2021 11:27

I've got over 30 in triple, so still watching this, but will probably do 20 in this and that will be me done in this sector.Triple got sold down to 102 only to be 112 a few weeks later.So maybe the same here.I'm old and boring so the dividend at reasonable risk is my objective.Good luck to others and their reasons.

[cwa1] 01/9/2021 10:39

Taken a spoonful more at just under 104p. Now got what is for me a sensible holding. Not prepared to over commit here but wanted a few to keep me interested and hopefully keep on paying the yield.

Now just the finger crossing bit...

[cwa1] 27/8/2021 16:38

Almost 600K go through in the uncrossing at 106.2p. Seems to be all over the place of late...

[lozzer69] 27/8/2021 13:54

This from Citywire today ..........Civitas Social Housing (CSH) has moved back to trade at net asset value (NAV), closing on Tuesday in line with the value of its portfolio versus a 7.7% average premium over the last three months. It represents a rare chance to invest at par in the 5.1%-yielding real estate investment trust, which derives its income from government-backed rents.Growth in the sector has been knocked by regulatory concerns about the lease-based model operated by social housing property trusts, including Auckland Home Solutions being deemed non-compliant on some governance standards. Auckland accounts for about 17% of CSH's rent roll, though this has reduced since March.Numis took a bearish view on the sector in a recent note, though other analysts are more sanguine.

[saltaire111] 27/8/2021 12:51

It’s an odd choice for a short bet.althought the price has obliged them.

[cwa1] 26/8/2021 17:06

Doesn't seem very popular

[chucko1] 26/8/2021 13:29

The two shorts together account for 7.9mn shares. Daily average vol. of 1.65mn.

Those two shorts likely account for the entirety of the cause of the net 10.76% drop. (dividend adjusted).

[cwa1] 26/8/2021 13:10

The Auckland homes announcement may have jangled a few nerves. Also the Shadowfall short may have raised a few(including mine) eyebrows.

Hopefully we can rely on the company's recent announcements that all is well...

[saltaire111] 26/8/2021 12:57

Do not understand the recent price weakness. Surely if the issue was the industry regulatory situation, then Target would have been similarly impacted (which it does not appear to have been).

Salty

[cwa1] 26/8/2021 08:07

Just chanced my arm on a few at 105.3p. fingers crossed, etc.