Ediston Property Investm... Share Discussion Threads

[alan pt] 19/11/2021 19:04

Discount down to 11% yesterday, made it onto the Trust Watch "expensive" list
hxxps://citywire.co.uk/investment-trust-insider/news/trust-watch-trying-times-for-lindsell-train-and-activist-trian/a1585377

[killing_time] 18/11/2021 08:58

Think we are bouncing off the back of LAND results or one of the other big property companies.
I read this morning that out of town retail parks were doing really well so should be good for EPIC.

[playful] 13/11/2021 22:57

Lovely jubbly!

[cwa1] 11/11/2021 12:53

XD today, no damage to share price Pay day 30/11

[rambutan2] 09/11/2021 14:28

Same owner, TRY:

11. Additional Information

This disclosure is the result of Ameriprise Financial acquisition of BMO's EMEA Asset Management business effective 08 November 2021.

[wskill] 09/11/2021 14:24

6% with a new owner.

[spectoacc] 05/11/2021 15:27

It's about there on BCPT too, taking the previous payout not the recent increase, and divided by the latest (not the previous) NAV.

Anyone into REITs would spot straight away the comparisons are wrong, and all in AEWU's favour :) So agree likely a screw-up, but a fairly heinous one.

[alan pt] 05/11/2021 15:22

SpectoAcc That works for EPIC and BREI, not quite for SREI (I get 4.0 vs 4.2 on slide)

I'm thinking maybe screw up rather than cunning plan :-)

[spectoacc] 05/11/2021 13:45

Have they cheekily done it as yield on NAV?

[alan pt] 05/11/2021 13:30

SpectoAcc - Good idea, but EPIC ((0.3333*6)+(0.4167*6)/77=5.84%, slide has 5%

[spectoacc] 05/11/2021 13:05

They claim it's from Morningstar - I've not the time to work out if it's accurate based on a 31st Oct share price and a previous 12 months of paid divis, rather than declared & based on the latest as it claims.

But agree it's poor - the only one that looks correct is AEWU's :)

[alan pt] 05/11/2021 12:44

catch007 It would have been interesting data if it was correct and you had every reason to expect that an official presentation by a professional(?) fund manager would indeed be correct!

[catch007] 05/11/2021 12:39

It seems there are several anomalies on the slide I wonder if they havent updated the June presentation correctly. I went to AEWU site to see if I could get into slide pack to extract the slide however the presentation pack is not available. Sorry for any inconvenience I thought it would be great to get an overview of peer group performance.

[chucko1] 05/11/2021 12:29

If so, then that is pretty poor. If their own shares have been moving around a lot, I cannot see why they did not consider that the shares of other REITs would being doing so similarly.

Very amateur.

[spectoacc] 05/11/2021 11:36

"As at 29th October 2021" (about 7.50 in to the presentation).

Looks completely made up - can only think they've included some cut divi time, but even then it's way off, and not just for EPIC.

"Yield is based on most recent monthly or quarterly dividend"

Clearly isn't.

Edit - to give an example, BCPT declared a 0.375p divi on 27th Oct, making a 4.5% yield on share price of £1, vs the 3.1% that AEWU's slide claims.
SLI declared 0.8925p in August, a qtly divi giving a yield of 4.9% on an end-Oct share price of 73p, vs 4.1% on the slide.
BREI declared a 1p qtly in September, giving 4.7% yield vs 3.2% on the slide.
That's without even looking at EPIC (or RGL).

Suspect it's neither based on the most recent monthly/quarterly, nor on the correct share prices. They've likely taken it from last payment date, and backwards 12 months, but based it on current s/p's.

[alan pt] 05/11/2021 11:31

Hmmm... their yield slide seems to be dramatically wrong though?

[catch007] 05/11/2021 10:44

AEWU presentation was shown on Investor Meet yesterday. Within it there is an excellent comparison slide covering the peer group REITS highlighting lots of good metrics and yields.

[marktime1231] 04/11/2021 13:11

So the BoE thinks a rate rise could be a few months away yet. Plan A today was to cash in some EPIC, hoping it had stepped up on a dividend rise, to restore the balance of my mortgage offset account.

Instead I have made a maiden investment in AIRE where the share price does not yet reflect the NAV improvement announced yesterday nor the well-covered progress in dividend with a quarterly 1.3p due to go ex-div next week. Thanks for the tip here.

[spectoacc] 04/11/2021 12:22

Surely all about the offices sale - difficult to increase divi if about to lose all the income there. Far more likely they offload them, and increase the divi once they've utilised some or all of the proceeds.

Being paid to wait, and doesn't make the co any less valuable.

[alter ego] 04/11/2021 12:20

full year results were out mid December last year. Maybe some news then?

[marktime1231] 04/11/2021 12:03

That was a huge disappointment, this was an obvious moment to progress the dividend so I too am puzzled and wondering what they are waiting for. The narrative until now has been that such a move would be well-covered, and there is a complusion for REITs to distribute a high proportion of net property income.

When might the next opportunity for progress be, after the annual report in December?

[alan pt] 04/11/2021 10:50

Flyer61 I'm also "over my limit" on EPIC, not too disappointed with the current 6.5% forward yield!

[flyer61] 04/11/2021 07:41

SKYSHIP…..patience!😄 but yes need it to happen to justify having gone LARGE here…

[cwa1] 04/11/2021 07:39

5p, not 5%, not to be sniffed at :-)