Civitas Social Housing Share Discussion Threads

[chucko1] 09/5/2023 10:43

You can still buy SOHO at your required yield.

[wskill] 09/5/2023 10:32

Shame that I have lost a very good inflation proof 10% yield for a small profit decent management in place now .
I am certain we will have another bidder now its in play

[spoole5] 09/5/2023 10:30

Counter offer?

[saltaire111] 09/5/2023 10:30

This is disappointing news for us long term holders!

Salty

[wskill] 05/5/2023 12:07

Just read the citywire article by David Stevenson from 04.05.23 sensible analysis of current share prices of CSH and SOHO. I have believed that central government and local gov want nothing to do with owning properties of this type and all the staffing that comes with it seems I am no longer alone.

[spoole5] 03/5/2023 10:08

Hopefully they'll announce sometime similar to SOHO with next week's update.

[spoole5] 28/4/2023 14:11

Retest of the ATL?

[lucydesouza1] 26/4/2023 09:46

Auckland was controlled and owned by Lalani and Mawji for years until they sold it to The Social Housing Family CIC, which was set up by Paul Bridge, a CSH executive.

Lalani and Mawji sold many properties to CSH through a shell game similar to that employed by Fairhome, earning millions of pounds in profits. It might be natural to assume that some of those profits ended up funding lease payments from Auckland and Falcon to CSH, given Lalani and Mawji also controlled those major tennants which have since proven to have serious governance defficiencies (much like the Fairhome/Westmoreland scheme).

Auckland subleases a number of the properties to TLC, which is owned by Civitas execs and their associates. This arrangement might allow profits from other related party transactions to flow back to CSH through Aukland.

Cleaning up Aukland and Falcon is key to resolving "governance" concerns at CSH and CSH's direct involvement in the process should be seen as undesirable, in my opinion.

[spoole5] 25/4/2023 10:31

Just liquidate the lot and buyback the stock.

[riskvsreward] 21/4/2023 19:09

Yes, not as good an update as Soho’s.

[spoole5] 21/4/2023 17:08

https://www.investmentweek.co.uk/news/4112517/civitas-reits-largest-tenant-enforcement-action-regulator

[spoole5] 21/4/2023 16:41

It took till 14.02 for them to release details of the aukland issue that SOHO released at 7, and with triple the exposure.

[indalo] 19/4/2023 09:01

Triplepoint update yesterday. Selling assets to buy shares as one poster here suggested!

[spoole5] 19/4/2023 08:36

Nosebleed cured!

[cwa1] 18/4/2023 08:26

Pulled along by the SOHO announcement and positive share price reaction perhaps?

[nicd] 18/4/2023 08:24

Something happening!

[williamcooper104] 12/4/2023 13:00

Unless it's significantly less than a 10 yielder at a buy out price

[wskill] 12/4/2023 11:33

Hoping its not a corporate action would hate to lose a 10% yielder.

[spoole5] 12/4/2023 11:04

Nosebleed territory!

[netcurtains] 06/4/2023 07:46

"if" labour win the MAY local election we might see the share price of social house builders rise substantially.
Local councils decide what housing gets planning permission in their towns.

A Labour council makes a difference to what type of housing gets built.

[lucydesouza1] 05/4/2023 22:38

BCP Supported Housing is a glorious rabbit hole.