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Share Name Share Symbol Market Type Share ISIN Share Description
CT Property Trust Limited LSE:BREI London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 84.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
84.00 84.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 16.84 21.03 8.70 965.5 20,081
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 84.00 GBP

CT Property (BREI) Latest News

CT Property News

Date Time Source Headline
09/8/202221:50ALNCIN BRIEF: CT Property shares rise as it mulls share buyback
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CT Property Investors    CT Property Takeover Rumours

CT Property (BREI) Discussions and Chat

CT Property Forums and Chat

Date Time Title Posts
04/7/202222:33REIT. 6% Yield . 20% discount to NAV683

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CT Property (BREI) Top Chat Posts

spectoacc: Not sure I'd use measly - 4.75% at 84p. But agree it's due a tick up, and having paid out 1p/qtr for 4 quarters now, would hope it'll be rising soon. (UKCM pays 0.8p/qtr, or 4.2% on a 75p s/p. BCPT pays 0.4p/month, or 4.3% at 112p s/p. PCTN pays 0.875p/qtr, or 3.9% at 89p s/p. There's higher, like SREI or AEWU, but BREI isn't out of line). On a similar theme, market falls means more choices - eg PSN (gulp) on 12.6%.
hugepants: I didn't realise BREI was so low in offices now. Sector weightings as of last trading update are; Offices 21.8 Industrial, logistics and distribution 54.3 Standard Retail 5.7 Retail Warehouse 18.2 It's on a 34% discount to NAV now and 4.7% yield. LTV only 23.5%.
spectoacc: Agreed, other than EBOX it's the most unloved on my list. Interesting to see the effect of buybacks on eg API's price chart, something perhaps BREI could learn from.
spectoacc: @gs - no. Note both are changing name. CT Property Trust Ltd for BREI; Balanced Commercial Property Trust Limited for BCPT (don't mention St Chris's). BREI & BCPT my no.1 & no.2. UKCM, SREI, EBOX after that, but I think I'll be all "REIT" with them all. Real assets in an inflationary environment.
spectoacc: You wonder where the BREI share price would be without that VIP holding. Hadn't noticed how geared VIP is, and with only a small c.7% discount. BREI crying out for someone to take it on, plus ca change. Be surprised if that was VIP, and they wouldn't get mine at a 10% discount. Recent share price performance suggests nothing's afoot IMO, but if I were PE or a trade buyer, I'd be all over them.
skyship: With the share price sliding I'm intrigued as to VIP's plans for their current holding of 14.5m shares (6.024%) bought since end March at an average price of perhaps 93p, perhaps a tad more. There is talk of further rationalisation in our sector, but VIP is half the size of BREI, so it has to be unlikely that they could make a move themselves. Not impossible of course, they could drum up equity and debt support to take a shot at, say, a 10% NAV discount, so c115p. If they lose out to a counter-bidder then to the loser the spoils with a £3.5m+ trading profit on their holding. The well-timed sale of all their other REIT holdings banked a nice profit; whilst providing the cash for their BREI raid. The size of their holding is too large for a marketable trade; so IMO there is more to this than meets the eye. They could be acting as facilitator for a 3rd party; one whose name would have driven the price higher. VIP's name has had no such effect as the Market sees it as an investment decision rather than a bid prelude. I'm not so sure. Whatever is afoot, if anything, BREI at a 29.4% discount has to be a good value buy.
nexusltd: I don't know. I have always thought OLIM's style passive; not really doing much in the way of asset management initiatives to improve / develop their properties; very unlike BREI. Managing BREI's assets requires a well resourced team. Is Oakeshott up for it? Perhaps the objective is to have a sufficiently large holding to request a seat on BREI's board with a view to managing a reduction of its share price discount to NAV. VIP's is a tad under 10%.
killing_time: So the question is with Matthew Howard coming across from BCPT as lead manager do you think he will start a share buy back hear to reduce the NAV gap with the share price which they have been running at BCPT.
spectoacc: "...We continue to believe the Company's share price is not reflective of Company's value and quality of portfolio. The Board are addressing the fact that the shareholder returns do not match the performance of the portfolio." They are?
george stobbart: VIP + BREI merger inevitable now? Both at deep discount, but will BREI shareholders agree getting paid in discounted VIP stock? VIP impossible to offer cash because it is smaller than BREI so we're talking about a reverse merger and not an ordinary merger
CT Property share price data is direct from the London Stock Exchange
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