We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ct Property Trust Limited | CTPT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 82.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 82.90 | 82.90 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 25/5/2023 08:32 by spectoacc Any press on CTPT bid? Still seems very low-ball to attract a management recommendation. This is recent NAV:31/12/21 - 121p 31/03/22 - 128p 30/06/22 - 132.8p 30/09/22 - 122p 31/12/22 - 95.4p 31/03/23 - 96.6p Perhaps ignore the boom & crash, & the fact NAVs are now likely to slide again with another uptick in interest rate expectations yesterday. Consider instead that when this bid was agreed, CTPT's NAV had not only stabilised but was back on the up. And that LMP save c.5.5% in stamp duty by buying the shares not the holdings. And that it's not in cash. 85.5p (pre LMP fall) isn't generous IMO. |
Posted at 24/5/2023 14:02 by eyesofblue Not sure what to expect from this point really. Adds another reason for volatility to the CTPT share price (ie the LMP share price). So sold out at 80p, to save all the hassle of following the LMP share price and worrying about it. £1k up in the end, big relief all round. Anyone else thinking of selling and missing the June dividend? |
Posted at 24/5/2023 09:47 by nickrl @starpukka CTPT are one of the few that have a wel covered divi at the cash level. For me we are being sold out at this price but doubt anyone else will come into play. |
Posted at 24/5/2023 09:02 by starpukka I'm still 11% down on my CTPT holding. But, I am better off than I was yesterday. Do I sell up now ? What will happen to the divi after this next one goes out ? |
Posted at 24/5/2023 08:32 by spectoacc It is, but it's picking up assets on the cheap with its own over-rated shares. Guess those assets seen as even lower quality than the discount to NAV they're paying.CSH agreed a bid way below NAV, CTPT have now agreed one not only well below reduced NAV, but hugely below the 132.8p of the past 12 months. The past is a foreign country but if a buyer wanting management approval isn't willing to pay NAV, then NAV (as often said!) isn't the way to assess value. Flipside is a nice +20% on CTPT this morning, but eg still trading well below what I paid for my small holding. To get the CSH/CTPT uplift, you need both a bidder and to have bought lowly enough. Or put another way - look at the 2 year charts of both CSH & CTPT & tell me the takeovers are a result for shareholders. |
Posted at 24/5/2023 07:21 by neilyb675 RECOMMED ALL-SHARE OFFER FORCT PROPERTY TRUST LIMITED ( "CTPT" ) BY LONDONMETRIC PROPERTY PLC ( "LONDONMETRIC" ) to be effected by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies Law of Guernsey Summary -- The boards of directors of LondonMetric and CTPT are pleased to announce that they have reached agreement on the terms of a recommended all-share offer pursuant to which LondonMetric will acquire the entire issued and to be issued share capital of CTPT (the "Acquisition"). -- Under the terms of the Acquisition, CTPT Shareholders will be entitled to receive: for each CTPT Share: 0.455 New LondonMetric Shares -- On the basis of the Closing Price per LondonMetric Share of 188.0 pence on 23 May 2023 (the "Latest Practicable Date"), the Acquisition values each CTPT Share at 85.5 pence and the entire issued and to be issued ordinary share capital of CTPT at approximately GBP198.6 million. -- The Acquisition represents: o a premium of approximately 34.3 per cent. to the Closing Price per CTPT Share of 63.7 pence on the Latest Practicable Date; o a premium of approximately 33.2 per cent. to the three-month volume weighted average price per CTPT Share of 64.2 pence (being the volume weighted average Closing Price for the three-month period ended on the Latest Practicable Date); and o on a NTA-for-NTA basis, a discount of approximately 6.3 per cent. to CTPT's last reported EPRA NTA per CTPT Share of 96.6 pence as at 31 March 2023 based on LondonMetric's last reported EPRA NTA per LondonMetric Share of 198.9 pence as at 31 March 2023. -- Following completion of the Acquisition, existing LondonMetric Shareholders will hold approximately 90.3 per cent. and CTPT Shareholders will hold approximately 9.7 per cent. of the enlarged issued share capital of LondonMetric. -- It is intended that the Acquisition will be effected by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies Law of Guernsey (the "Scheme"). |
Posted at 19/5/2023 15:41 by hugepants Hmm. I hold about equal amounts of CTPT and API. CTPT is on a 6.4% yield and a 35% discount but could possibly increase the dividend by 10% and still be covered. API would have to reduce theirs by 10%+ to be covered. CTPT has a lower LTV and a much more attractive debt profile. I also prefer their portfolio slightly. It has less offices and more retail warehouses. Swings and roundabouts maybe but I don't necessarily regard API as better value. |
Posted at 18/5/2023 12:28 by hugepants Must admit to adding here. I think its best positioned of all the reits with its portfolio composition, yield, dividend cover, LTV of only 22.5% and debt fixed at 3.36% until Nov 2026.It will be interesting to see if the dividend is increased. Dividend cover was 108.5 per cent at interims and last trading update had net revenue of 1.3p (versus dividend of 1p). So an increase of 5%-10% looks possible. I suspect they'll hold off for now though. |
Posted at 21/3/2023 18:53 by nickrl @frazboy the current dividend isn't covered by cash earnings so not sure how they can raise dividend from here. Also given they have 32m of cash im pretty disappointed that only accrued 227k of interest income which is c0.7%. About time they get on with investing the cash so we can improve the divi.Edit: error in my translation from the RNS to my s/sht and im incorrect the divi is covered at the cash level and all things remaining equal by FY should be scope for a modest divi increase. |
Posted at 29/11/2022 15:35 by cwa1 Subject: Interim DividendInterim Dividend The Company today announces a quarterly interim dividend in respect of the year ending 30 June 2023 at a rate 1.0 pence per share. This dividend will be a property income distribution. The key dates for this interim dividend are as follows: Ex-Dividend Date - 8 December 2022 Record Date - 9 December 2022 Payment Date - 30 December 2022 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
