It's always nice to find out you're not the only one averaging down on losers :-) Nice-but not as nice as when they eventually turn out to be winners :-/ Does that ever happen? |
I've been averaging losers today too. |
Topped up @76p |
Yes there was a time when extending a lease by 10 years at an above market rental rate would be good news. I guess the bond markets are dictating the share price movements presently. Just have to close my eyes and collect the dividends. |
Uk is not investable anymore |
Well that was well received |
12 year low is 77p. |
Decided to come on board here, assured by the presence of Skyship's analysis.
No pressure.
;)
Does seem like an overlooked situation, which I also noticed on a Paul Scott buy list for 2025. |
Although we've yet to have a RNS regarding recent property sales, I see that the CLS website has reduced the number of properties owned from 81 to 80 today. Looks to be one of the UK properties although not Spring Mews. No doubt they'll update us shortly. |
As I stated on the VALU thread on New Year's day:
"As regards any further falls in the NAV; if you slash another 15% from 227.4p to 193.3p the discount would still be 59.6%! Slash by 25% and still 54.3% discount...
The shares have fallen so far, so totally friendless that the resulting NAV discount is almost irrelevant. It is the dividend that is more important.
The dividend of 7.95p is covered 1.3x by EPS; and looks totally secure. So that 10.2% yield handsomely rewards as we await events." |
The good thing about well diversified REITs is that you don't get a calamity; other than sentiment against their chosen sector.
We've had that in spades of course; but the valuation takes everything into account. A 66% discount and 10.2% yield suggests a new year rally more than likely. |
Indeed yield now firmly above 10% but market is clearly expecting a calamity still!! |
Looks like ending the year at a new low. Where is the spring mews sale? |
Look what Christmas Eve did! |
SP now at multi year low. |
GPE is 99% London, from memory
and within London they are geographically tightly focussed.
Their vacancy rate is also negligible.
They specialise to Grade A office space and rapidly growing flex space offering. I'm not making a buy case for GPE here, just facts.
There are older offices a plenty in Surrey
that are lying idle for years now. It's extraordinary to think these were once hives of activity and now left desolate. |
The IC states this in their article on office player GPE:
"A bargain way to bet on the office market recovery. With the pandemic well and truly a thing of the past, now is the perfect time to reconsider these unloved assets"
You wouldn't believe any recovery in offices sentiment looking at the CLI sp! |
Looks like they have updated/revamped their website, very good. |
There really is something radically wrong with the UK stock market when a share such as this barely trades. |
And bought a few more again this am. |
The reasoning is here, dated 27 Novemberhttps://development.towerhamlets.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=DCAPR_142995 |
But why (given the latest planning bad news)? |
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