Ediston Property Investm... Share Discussion Threads

[cwa1] 02/8/2021 10:06

I'm hoping, and do actually think, that it is a reflection on things having "normalised" to a certain extent and that they no longer feel the need to comment on stuff like that every time they make an announcement. I admit I have my rose titnted specs on this morning though...

[nickrl] 02/8/2021 09:26

Back to the minimal info in the announcement but i guess as NAV announcement was only 10 days ago not much new to say I guess but even a single sentence "we've continue to collect arrears" is reassuring.

Looking forward to hearing Prestatyn funds have found a new home before next months divi RNS.

[cwa1] 02/8/2021 07:27

Announcement of Interim Dividend

Declaration of Interim Dividend

The Company declares its interim dividend (property income distribution) payment in respect of the period from 1 to 31 July 2021 of 0.4167 pence per share, as timetabled below:


Ex-Dividend 12 August
Date:
Record Date: 13 August
Pay Date: 31 August

This monthly dividend of 0. 4167 pence per share equates to an annualised dividend level of 5 .00 pence per

share and is unchanged from the previous dividend declared on 8 July .

[spoole5] 01/8/2021 20:41

Very happy to have got in here a couple of weeks ago. Plenty of upside left, nav gap will close and there is also scope to increase the portfolio and enhance nav further. Property will be an attractive asset when stagflation arrives which won't be long

[orinocor] 30/7/2021 15:50

i Got some just now at 72.55p. Happy I waited a day before buying.

[robert0taylor] 30/7/2021 11:59

First monthly dividend received. Very nice plus 8% capital gain. X div again soon.

[jlondon] 28/7/2021 14:13

Further to the discussion today, Wed, 28 July 2021, the share price of EPIC
is 74p/74.8p [Advertised] +0.54%.

A/c to HL, "the Estimated NAV is 87.13p.
Premium/ Discount: - 15.75%.
Dividend Yield: 6.52%."

The dividend yield was higher when Midas recently wrote up on EPIC and another Warehouse REIT, the latter of which at the time had a lower dividend yield and from recall not at a discount? Dividend Yield for EPIC is monthly.

[nickrl] 27/7/2021 23:33

Matteo thanks for clarity still seems odd that the owning entity isn't reported as such or do Thames LLP effectively control TRY?

[rambutan2] 27/7/2021 21:43

Yes, thanks for the link Matteo.

[skyship] 27/7/2021 20:53

Thnx Matteo - & well done TRY managers. Someone had the sense and the capital to do it; and TRY did...

[matteo1989] 27/7/2021 20:41

For those that want to watch: https://secure.emincote.com/client/trproperty/agm2021Play it from 46:40 onwards

[matteo1989] 27/7/2021 20:38

It's definitely TRY that bought the stake. Confirmed by their manager in their AGM today (during the Q&A, about 40 odd minutes into the whole presentation).

[nickrl] 27/7/2021 17:13

I see Thames River Capital LLP is essentially an offshoot of BMO although not that I expect anything to happen as they have small holdings in a few propco's. If it was TRY buying wouldn't they have been quoted as the purchasers?

[hindsight] 27/7/2021 16:52

On an interview TRY said looking to buy retail parks so that would tie in rambutan2

[rambutan2] 27/7/2021 15:56

Thames River usually means TRY is the buyer. A good holder to have.

[chucko1] 27/7/2021 15:06

One of the risks to waiting to invest was just this event - outright fund purchase. Seeing the price move from 67.5 to 74 may frighten people into holding off again. After being at the lower price for so long, many would think they might be chasing it at this higher level.

I would ignore that as there still appears to be substantial value even after the breakout, taking fully into account the reason for the time spent at the lower level.

[skyship] 27/7/2021 13:37

Bravo Thames River Capital. Just strange that no other fund manager hadn't seen the logic of taking out the Stadium rump; and immediately benefit from the end of tap jump!

[nickrl] 27/7/2021 12:36

Thames River Capital LLP appeared on the register with 6.44% presumably the rump of the Stadium holding

[nickrl] 27/7/2021 12:18

I see a NED has picked up 13672 shares at 72.7. Presumably they had to sit it out whilst Stadium unloading?

[skyship] 27/7/2021 10:55

Too kind; but thnx for posting the link in the first place 😊

[alan pt] 27/7/2021 10:47

Thanks CWA1, that's how it was intended, but sometimes ADVFN decides to mess with the link, for no reason I have been able to determine

I see that SKYSHIP now improved the article as well :-)

[cwa1] 27/7/2021 08:02

Hope you don't mind if I post a clickable link to that article:-

[alan pt] 26/7/2021 19:57

Some nice coverage from Citywire (ignoring the Mr Bleeding Obvious Numis analyst comments!)
hxxps://citywire.co.uk/investment-trust-insider/news/epic-doubles-down-on-retail-parks-as-revival-starts-to-show/a1534966

[chucko1] 26/7/2021 16:04

Not expensive at all. I see a further revaluation at some stage continuing to drive these. The expectation of the revaluation may also help near-term.

Now my biggest holding (partly due to a quick 10% rise). Overtook SUPR and VSL.

[spoole5] 26/7/2021 15:28

Still plenty to go