Custodian Property Incom... Share Discussion Threads

[arbus5000] 20/2/2024 19:45

its the wacky races.

[cwa1] 20/2/2024 19:34

Agreed re relief rally but there's two concerns...

Firstly, there's a worry that a bidding war might erupt.

Secondly, if CREI goes up too much and SHED takes a bath, they could be back in pole position to get API again 🤪

[essentialinvestor] 20/2/2024 19:26

Relief rally for CREI?.

[spectoacc] 20/2/2024 16:52

SHED are either doing CREI a massive favour, or else CREI is about to get involved in a bidding war. The REITs have gone nuts, the sector specialists (big tick) are turning themselves into the cr*ppy generalists (first BBOX, now SHED).

I've always rated SHED, pah.

[cwa1] 20/2/2024 16:51

Didn't see this coming!!

[skyship] 20/2/2024 15:10

What shocked me about the merger detail is the costs involved - £5.9m!!!

Still, I reckon it will all be voted through; and over the following 2-3months CREI will recover back to the mid 70s. 10%+ up on where we are now.

It is a well-run operation and Richard Shepherd-Cross widely considered one of the best investment managers in the sector. Hence why CREI for so long traded at a premium and able to issue so many new shares at a premium.

Even in recent times before the API crash, they still traded at a mere 12% discount.

[spectoacc] 20/2/2024 13:54

I guess we're all surprised the deal wasn't DoA after the initial CREI fall - I wonder where the CREIAPI discount will settle if/when the merger goes through.

[essentialinvestor] 20/2/2024 13:38

Hopefully back over 70 pence soon.

[nickrl] 16/2/2024 17:51

@EI thanks for the update on ii trading. Anyhow ive been put off topping up because of the time it took me to get through last time so didn't want to be left holding more and no one answering the phone so good to hear. They told me a month ago it was just a matter of uploading the KID and was with their IT!!

[essentialinvestor] 16/2/2024 14:10

ii now alliwing online trading in CREI.

[essentialinvestor] 16/2/2024 13:15

70 plus should be doable short term?

Around 72 pence..but predictions can quickly look silly.

[essentialinvestor] 15/2/2024 13:08

CW, yes all at web rates

They are training up a bunch of new starters atm so it's a little easier to get through this week.

[cwa1] 15/2/2024 13:02

I assume that was a phone deal EI? They should do those at online rates

[essentialinvestor] 15/2/2024 12:59

Raj, my latest purchase was this morning - 22788 shares at .6460, so the answer is yes, it is possible with ii.


But there may be a proviso, as you have identified correctly there is a KID 'issue'.

ii gave clearance to buy as I said that I had read this previously.

[cwa1] 15/2/2024 12:46

No doubt due to the lack of a KID. Goodness only knows why though. Seems to be a regular problem with ii unfortunately :-(

[raj k] 15/2/2024 12:44

Does anyone know why you cant buy CREI on Interactive Investor? It comes up on their mobile app as no regulatory docuemtns. Has anyone been able to buy on phone or is it a no go with them?

[essentialinvestor] 14/2/2024 14:26

With cavernous sector discounts available atm, it's impossible to discern a share price low. The higher yield 'should' provide some eventual support, particularly as it's a covered dividend.

API suffered hugely from the financing fiasco
and arguably their discount to NAV may not reflect the quality of assets. The API discount more a reflection of ABRDN (best guess).

It could look very different in 12 months (or may not!). Would be very surprised if the deal does not complete.

[spectoacc] 14/2/2024 14:10

Even if the deal fell through, would CREI ever deserve a premium discount (if that isn't a non sequitur) again? I'd argue not.

[hugepants] 14/2/2024 13:50

The share price is 20%+ down since this acquisition was announced. Not bad considering the intention was, and I quote, to "deliver shareholder value"!! Just looks like an act of sabotage now. CREI probably a takeover target themselves now. Maybe API should make an offer?

[dr biotech] 14/2/2024 13:26

Me too. Now have just over £40k across API/CREI. Looking at a LTH I need to start getting more income from my holdings. Not that a bit of capital appreciation wouldn’t be welcome.

[badtime] 14/2/2024 10:55

I'm tempted

[essentialinvestor] 14/2/2024 09:47

And a few more, that's my lot for the day.

[essentialinvestor] 14/2/2024 08:38

Added a few.