Only reservation with CREI is they went as low as 64p initially - who's to say they're not FV here. |
SKY - why not buy API instead if you like CREI? Currently get it cheaper that way, as long as deal goes through. |
Thanks for the view
SHC also paying off very nicely now -
not one for those seeking income though. |
EI - agreed. At 70p a 25.3% discount to the Dec'23 NAV of 93.7p; coupled with a now very attractive 7.86% yield. This for a very highly rated REIT used to trading at a premium in the good days; but even recently ahead of the API bid they still traded at just a 12% discount.
API would be a good deal for them; and it looks likely that they will succeed. So I would rate CREI a strong BUY at this level. |
If your view is medium tetm (2-3 years) then the current share price looks a steal to me.
Reading shorter term price direction is more guesswork. |
I see a few people often have problems dealing this share.I have my Sipp with II and to be honest, they are pretty damn useless, plus they have monthly platform charges and drawdown charges. I also deal with iWeb, which is owned by Lloyds. Once you have opened the account it’s £5 to deal with no monthly charges whatsoever. It’s another option if you are ticked off, plus, no problem dealing this share and several others after having the same problems with II in this and other shares as well |
I saw SHED winning this, once they entrered the fray. Events can always surprise, eh. |
and who owns ii---abrdn ! |
Spec, no issue with selling CREI on ii (as before). Only buying is unavailable online.
Just double confirmed to make sure and allows me to sell online. |
ii are very poor like that - they can't seem to understand that we deal online because we don't want to spend half a day on the phone. Giving us online commission rates really doesn't cut it.
They're the same with some Gilts, and some random shares like PHLL. And as you say, it comes & goes, so you may be in something but unable to sell it again in a hurry.
Still - beats IG ISA, where the prices are often terrible due to lack of RSPs. |
ii had permitted online dealing on my last couple of Buy trades, but that appears to have defaulted to telephone only again - sometimes it can change on the same day, so may be a glitch, or related to the current corporate action. |
I've started to buy back. Unfortunately a bit of a faff again having to call ii, then getting a newbie answer, who had to call another person while putting me on hold for several minutes..oh my.
First world problems tbf!!. |
So API show assets are worth something thus if CREI get hold of it should be able to make a nice turn but share price goes down |
SHED announced they aren't going to bid |
....and here we r again ..market backing CREI? |
So Inv Mgt Fees rejigged for next two years will save 0.3m plus waiving fees for merger worth another 0.35m. Keen to appeal to API to recommend this merger not SHEDs. |
Does the Market think SHED going to win out? Personally would favour CREI to do so; and if they do then CREI surely will fall back from here....though not back as far as 70p. Makes API look rather cheap...if CREI hold 75p then API worth 58.5p versus 55p in the market. |
Happily only sold 50% :) |
Also out a few days ago - making my fortune selling too soon ;)
Good luck those still in - still have SHED. |
Spec, very nicely traded, congrats.
I sold mine too cheaply, expecting a second sub 70 pence dip - which did not happen. |
UKCM/BBOX's agreed merger has just had a PUSU extension, can imagine we may get the same thing with 3-way API, SHED, CREI..
Edit - a reminder the current PUSU is a week today, Friday 15th. |
@pharmaboy |
Do you have a link, please nick |
At least CREIs plea to API shareholders this morning hasn't included any extra cash which is good as we don't need to pay anymore. |
@Sky that struck me as it has with others that single sale assets are achieving on average above most recent valuations. Also here one of the buildings sold recently is in my neighbourhood and has been empty for years to a developer given planning application has appeared for the site. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
