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
  -0.20 -0.28% 71.00 1,386,623 16:35:02
Bid Price Offer Price High Price Low Price Open Price
68.60 72.40 72.40 72.20 72.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 20.85 14.07 6.66 10.7 149
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:35 O 250,000 69.00 GBX

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Date Time Title Posts
16/4/202112:47EDISTON - A propco Managed for Yield416
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... (EPIC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-16 16:15:0069.00250,000172,500.00O
2021-04-16 16:15:0069.00250,000172,500.00O
2021-04-16 16:06:3571.006,0004,260.00O
2021-04-16 15:35:0271.003927.69UT
2021-04-16 15:23:1570.55700493.85O
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Ediston Property Investm... (EPIC) Top Chat Posts

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 71.20p.
Ediston Property Investment Company Plc has a 4 week average price of 67.20p and a 12 week average price of 65p.
The 1 year high share price is 72.60p while the 1 year low share price is currently 40p.
There are currently 210,333,737 shares in issue and the average daily traded volume is 519,275 shares. The market capitalisation of Ediston Property Investment Company Plc is £149,336,953.27.
brwo349: I've been watching this for a while and bought this morning at 70.4p. I just found out today the dividend has been raised 25%. It's strange the price has not risen and I honestly don't think the seller has realised this. It was a low key announcement hidden away in a monthly dividend declaration.
spectoacc: Not before time but def yippee - reads v well: "Dividend rate increase of 25% from May 2021 The Company will increase its dividend by 25%, to 5.00 pence per share annualised, from 4.00 pence annualised. The first payment at the increased rate will be made in May 2021, for the month of April. The Board believes that the new dividend level will be well-covered and sustainable, based on net income projections, subject to there being no dramatic deterioration in the trading conditions, as was the case a year ago. The 25% dividend increase takes into account the improving outlook for income and rent collection and is not to the detriment of the Company's current projected investment and asset management activities. Should the improving outlook continue, there could be further dividend progression in due course. The projected annualised yield based on the closing share price of 69.20 pence as at 7 April 2021 would be 7.2%. The Company will publish its 31 March 2021 net asset value later this month and will provide a full trading update at that time."
ec2: I would prefer to see a merger with another small REIT. On a market cap of just GBP144m EPIC is hardly big enough to be economically viable. SREI market cap GBP200m would for example be a good match. Similar type of portfolio and investment style and also on big discount. Chairman of EPIC understands the SREI portfolio well from his days at Schroders where he was Head of Real Estate having responsibility for SREI. Many benefits of merging in terms of economies of scale, greater diversification, increased liquidity and marketability in the shares. I could go on and on about the many benefits all of which would further improve performance and lead to a narrowing of discounts.
spectoacc: Nice to see a few buyers today, EPIC been stuck in this range for a while, a break up is overdue IMO.
nickrl: It was part of the Stadium acquisition "Prestatyn Shopping Park was acquired by EPIC REIT from Stadium Group as part of a 4-property portfolio in December 2017, for a portfolio price reflecting approximately £144 million" Would have been helpful if they told us what yield it went on as they've forgone income here and given SUPR are splashing the cash current a bit of premium would have been nice.
spectoacc: "Well, he would say that". But an interesting read, perhaps marred a little by the last few paras where they state how badly EPIC has done, inc the divi cut. Still a fan tho - discount, yield (which will rise), rent collection during lockdown, going to be well-placed for the new normal. Https://
clausentum: I feel relaxed holding EPIC, the share price increase since October has been nice and steady, compared with volatility of RGL and SREI.
spectoacc: Down 1.3% on the qtr at CREI, I don't see a comparable figure for EPIC? "Fair value independent valuation of the property portfolio at 30 September 2020 of £273 million, a like-for-like decrease of 2.9% compared to the valuation at 30 June 2020." -4.7% with capital expenditure & gearing. But doesn't appear to break out Retail Warehouse valuations. Forget how many offices EPIC has: Retail warehouse 60.6 Office 26.8 Supermarket 9.6 Other commercial/ Leisure 1.9 Development 1.1 Seems unlikely the supermarkets have been down-valued by more than the retail parks, but the offices and "Other commercial/Leisure" could be. Would concern me if share price 85, NAV down from 90p to 86p. But a long way from 86p to 52p.
spectoacc: Pleased with that - 86p NAV, divi 139% covered (& will rise in time), rent collection gone well and continues to, new lettings, Haddington income kicks in next year. Valuation drop relatively small, magnified by gearing & capital expenditure, but - NAV 86p, share price 51p. EPIC come through the first lockdown, will get through any subsequent ones. Talking book, but too cheap down here IMO. Edit - re CVA's: "Company Voluntary Arrangements (CVAs) The Company was affected by two CVAs during the period. First, fashion retailer New Look completed its second CVA in September. The Company has two units let to this tenant, at Widnes and Prestatyn. In both locations the tenant will continue to trade, but with the rents changed to a turnover only basis. This means the rental income received by the Company will be linked to the performance of the individual stores. The Company voted against the CVA. The expected loss in rent from the CVA equates to 0.96% of the Company's contracted rent roll. The tenant did not pay its full rent in the March or June quarters and it was assumed that it would not pay the full rent in the September quarter either, therefore the rent collection projections are not affected by this event. Under the CVA there are mutual break options which give the Company an opportunity to terminate the leases at regular intervals over the next three years. The intention is to do so when new tenants for the space can be identified. The Investment Manager is exploring options for each location and will report on these in due course. The second CVA affecting the Company was completed by Pizza Hut. The Company's exposure to this tenant is at Clwyd Retail Park in Rhyl. The unit was 'Category 1' and will be retained by Pizza Hut with the rent maintained at the pre-CVA level (and not linked to turnover). The only change is a move from quarterly to monthly rent payment terms."
skyship: An extract from my spreadsheet on 16 secondary propcos. # Extracted to show those on 40%+ discounts # AIRE & RGL included because of the great yields # All NAV stats are to Jun'20, exc. MCKS still to Mar'20 EPIC share price ...NAV...Disc...Divi..Yield --------------------------------------------- AIRE 51.00 83.60. 39.00 5.00 9.80 BCPT 67.20 120.70 44.30 3.00 4.46 BREI 52.00 96.60. 46.20 2.50 4.81 EPIC 49.50 90.24. 45.10 4.00 8.08 MCKS 190.00 329.00 42.20 7.20 3.79 RGL 66.00 102.60. 35.70 6.00 9.09 SLI 46.80 79.60.. 41.20 2.86 6.10 SREI 32.85 57.70. 43.10 1.54 4.70 "You pays your money you takes your choice"....but sure looks to be some great value out there, especially those showing good rent collections.
Ediston Property Investm... share price data is direct from the London Stock Exchange
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