Share Name Share Symbol Market Type Share ISIN Share Description
Ediston Property Investment Company Plc LSE:EPIC London Ordinary Share GB00BNGMZB68 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.40 -0.52% 75.80 124,175 16:29:45
Bid Price Offer Price High Price Low Price Open Price
75.80 76.40 76.20 75.60 76.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 17.37 11.28 5.34 14.2 159
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:12 O 121 75.996 GBX

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Date Time Title Posts
26/6/202214:48EDISTON - A propco Managed for Yield1,173
07/9/202014:36Inspecs Group - Designer and Manufacturer of Eyeware-
27/2/200813:11Earthquake - On line survey - add your input3
15/3/200519:00What's in an EPIC?2
14/12/200204:48shorters charts8

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Ediston Property Investm... Daily Update: Ediston Property Investment Company Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker EPIC. The last closing price for Ediston Property Investm... was 76.20p.
Ediston Property Investment Company Plc has a 4 week average price of 75.60p and a 12 week average price of 75.20p.
The 1 year high share price is 88p while the 1 year low share price is currently 67p.
There are currently 210,333,737 shares in issue and the average daily traded volume is 553,087 shares. The market capitalisation of Ediston Property Investment Company Plc is £159,432,972.65.
rambutan2: In the just published TRY annual report, its stake in EPIC was valued at £22m as at the 31/03/22 Y/E. For reference, the shares closed that day at a bid of 78p. So that does tie in with a 15-16% stake as seen on the rns by Ameriprise etc.
skyship: playful - sorry, but that's just plainly incorrect. A quick look down my spreadsheet shows: # BCPT - 10% R/W # BREI - 18% R/W # CREI - 18% R/W # HCFT - 33% R/W # SLI - 10% R/W # SREI - 11% R/W Most have general portfolios; EPIC are a specialist play on the one sector. Personally I view EPIC as fully valued on a 17% discount. Better value beckons from SLI, SREI & UKCM all on c25% discounts; whilst Best Value is BREI on a 29% discount.
marktime1231: Enough with banging the drum about buybacks, we heard you the first time. If they were up to scale with a mature outlook and looking to deploy surplus income or capital it would be worth considering, but they are not. EPIC are looking to expand and redeploy capital from other assets to retail parks. Patience, it is obviously not a quick process, and as you note the market is bubbling. EPIC do not need to consolidate share value nor concentrate the dividend which is already top drawer, if you believe the fundamental theory of REITs in the right sector then there is much more long-term value to be gained by investing in property through the current cycle. For all we know there are value-add opportunities on the table. The plan, which will close the NAV discount, is to redeploy funds in a retail park development opportunity where they can add value and earn the income needed to cover the stated 5.5p dividend target. You are translating your frustration of a few months out of the market into chorusing for a strategy u-turn. Give them a chance, take a longer view, they seem to know what they are doing so far. If a bigger REIT is eyeing EPICs wide discount, high yield, and now healthy cash pile, and considering a take out offer, we will get a sharp share price boost. So no need to panic, nor keep on about a buyback. Please and thank you.
nickrl: This extract from UKCMs annual report shows both the opportunity and challenges that finding a retail pk at the right price is for EPIC. "The strong performance of the retail warehouse sector is reflected in the returns generated at the Company’s two retail parks held throughout the period being Junction 27, Leeds and St George’s Retail Park, Leicester, which generated returns of 36.4% and 42.8% respectively. Both have been subject to significant asset management and now have the attractive fundamentals investors are focussed upon, namely strong locations, rents rebased to the current market level and robust tenants fit for their catchment. These same characteristics can be applied to the newly acquired Trafford Retail Park in Manchester which saw an 11% capital uplift from purchase in September to 31 December 2021" The revised investment strategy, when announced, was already behind the curve although still with value in the market but six+ months on with no acquisition and a loss of income from the sales im not so sure anymore and its no wonder the share price is stagnating.
rambutan2: TRY picked up the shares to take it to 14%/15%. Like Mr Phayre-Mudge, I upped my holding this week, seeing EPIC as currently the best bet among the reits with its combination of sustainable high yield and potential for upward travel in the nav. I know SREI, BREI and SLI well, and they were the competition in my eyes, but none of them offered such a high yield, to a greater or lesser degree they all had some offices - a sector I'm avoiding - and all of their navs had enjoyed good uplifts over the last year. I like EPIC as a pure play in an uncomplicated sector, with cash to invest by a manager who needs the trust to succeed. We shall see!
marktime1231: Good and very relevant question. The price needs to look extra cheap AND there has to be a narrative for a 10p-or-so upswing potential. What will drive that prospect ... on the horizon is the dividend being upped to 0.4583 (5.5p) ... and when do you think we can be really confident it is coming, rather than just very hopeful. I loaded up with a deliberately temporary overweight chunk in the low 70s last year with the sole purpose of taking some gains when the share price motored, which pleasingly it did sooner and higher than expected, in the meantime the dividends were extra juicy. I am now invested for the long term and happy with my stake, not looking to accumulate or place another big bet, but it would certainly be rewarding at this share price My point is, it is not just about looking at the chart and saying 77p or 75p and going all-in. What is going to happen and when to return us to 85p or 87p again?
marktime1231: Terrific share price surge I think this was a press tip grabbing attention before Christmas. Through my target price a couple of months before I was ready to trim a few, so what to do? I think Poole Retail Park was bought by M7/Oxford Properties who I think have been finding deals for EPIC, but the site has already had its potential developed and at £58+M this is not necessarily a bargain or in EPICs capex budget, so possibly something for a bigger property fund with lower dividends.
tournesol: In today's (Thursday's) Telegraph - Questor is devoted to Ediston and is extremely positive. Sell this trust, we said in 2019. Now 23pc cheaper, it's worth owning again. ….we feel able to return to a positive stance now…Ediston's portfolio is particularly well positioned….its decision to concentrate on retail parks looks wise….At the current share price of 80p the yield is 6.3%….that kind of yield is too high from a business that is increasing its dividend….any move to a more realistic figure entails….a rise in the share price…. Hopefully that should help us have a good day today. Incidentally HL's website reports the yield as 5.63% - not got the motivation to check calculations and see who is correct…..
marktime1231: By yield compression I understand BCPT to mean that the outlook for rental collection is more secure and the prospect for rental prices is stronger but without actually increasing, and we have already seen that similar good news is coming our way from the trend in EPICs preceeding updates. EPIC has also been trading and investing in assets. Both those features should mean an upward valuation of EPIC NAV maybe +6-7p in line with BCPTs would not surprise me. The yield in percentage terms gets compressed as a result of the denominator increasing. It is an unhelpful way of describing a positive situation though. Dividends, the numerator, are also being improved in absolute terms, cover has improved and another step up is due. And actually BCPT just stepped up their monthly payment too, from 0.35p to 0.375p in line with the NAV advance. Despite which their share price has hardly responded today. Worth noting that BCPT is a much much lower yielding REIT and has been buying back shares but also trades on a wide discount. But then I don't understand why anyone would seek to invest in BCPT because in comparison EPIC is equally as secure (or not) but twice as rewarding. What is the appeal of BCPT over EPIC to new or existing investors? I remain optimistic of EPICs dividend being stepped up to an annual 5.5p and the share price jumping into the low-mid 80s as NAV is uprated.
cwa1: Rubs eyes...shakes computer...mutters a bit...nope, in spite of all that, the EPIC share price really DOES start with a 7...lordy...
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