Couple of disposals but the Warrington one is exceptional. Its an industrial is vacant but has planning permission sold for 61% premia. |
Hmm - highly unlikely as both Investment Managers would want to be top dog! |
So we have CREI and PCTN both jilted perhaps they will have a conversation |
Likewise with CLI; though of course it is XD 5.35p, so equivalent to c91.5p... |
Thanks...I think very few thought CREI or SHED wouldn't succeedI saw your comments re API over on its thread ...toying with buying sub 50Really hoping CLI picks up! |
@riverman how have the board tarnished there reputation. They pitched a low ball offer and got the API BoDs to support it. Unfortunately the risk was always there that the API shareholders could vote it down.
I also never know why they traded so much better than their peer group, especially pre covid, but 70p was nice entry point for the yield. |
Badtime - well done - good trade. I screwed it up as never sold cheaply bought API, thinking the CREI offer success inevitable. Traded out a few; but now bought back as below 50p API really cheap on wind-up. GRY could well be more than 20% pa... |
Well done to those who got out first thing - surprised it bounced back so strongly, but don't think it was justified as the board have tarnished their reputation somewhat and would expect it to take a while to recover. And frankly never understood why CREI always had such a high rating, when it doesn't really look any better than the other REITS on much wider discounts |
Liberium thinks that CREI is in play now HTTps://www.investmentweek.co.uk/news/4190911/custodian-property-income-reit-considered-takeover-target-failed-abrdn-merger |
Depends on how the new owners of Mattioli Woods,Pollen Street Capital, view it.MW created CREI.I do believe this will have shone a positive light on CREI and its management team.PSC might well supply funds to increase the portfolio. |
Also out, lovely result.
Mid 80's was my 12 month target.
Luck to holders. |
Seems a very decent reaction. So I've decided to take the ill gotten gains here and get out of Dodge. Good luck to those that stay |
Lovely, sold a few. |
Does this now leave CREI vunerable to an approach? |
Well they would need to pay cash now, and for the best assets would need to much pay closer to NAV (certainly not at a 25% discount which they would have got with this deal) |
Presumably CREI will now be in a position to cherry-pick just some of the best assets from the wind-up so overall it could be to their advantage? |
Surprised tbh. Although it's the reason I opted for CREI, over API (on recent trades) - I had rejection as an outside possibility.
API might possibly be worth a look tomorrow, price dependent.
Not all PI's will be happy with a wind up situation, difficult to judge an attractive price - tax implications as well.
And tax implications need to be allowed for in any buy price.
Expensive diversion for CREI, but we should open higher Thursday. |
Thought it would be tight vote as there was no dominant shareholder like Phoenix which made the LMP-UKCM merger guaranteed once they declared support |
Offer for API terminated, not enough support |
Short term direction is guess work,
yes it could take another lurch down,
however would view this as an opportunity. |
riverman - I did! |
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. |
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