|Ediston Property Investment Company
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Ediston Property Investment Share Discussion Threads
Showing 76 to 98 of 100 messages
|RGL a recent poor performer; whereas the others still in a pack.
Personally I've ducked out of EPIC at prices up to 107p+ - will look to buy back again when offered below 105p...
free stock charts from uk.advfn.com|
|Net Asset Value
The Company's unaudited NAV per share as at 31 December 2016 was 108.31 pence. As at 31 December 2016, the Company owned investment properties with a fair value of GBP182.74 million and had cash and cash equivalent balances of approximately GBP10.92 million.
The unaudited NAV of the Company at 31 December 2016 was GBP139.46 million, or 108.31 pence per share, an increase of 1.16% on the Company's NAV as at 30 September 2016:|
|...and a small top-up @ 105.5p.|
|With everything in the UK commercial property sector having settled down and the re-emergence of overseas buyers post the £currency collapse, I decided to buy back in here for the yield.
Lucky to have got some cheap stock at 104.6p shortly before Christmas; though not many, so will look to add...|
|Indeed - certainly a sharply improved turnaround in both sentiment and valuation expectations, as per articles appearing on CP+ and elsewhere.|
|Your 90p was a tad optimistic|
|NAV Update as at 30th June; however the valuation excludes post Brexit action as no real evidence yet on transactional values. Conservatively managed and definitely one to keep an eye on - though quite possibly will trade down to nearer 90p in the current climate:
|Ta for reply|
|Hi BT. No, sold sometime ago @ c105p - needed the cash for something else.
Surprised to see them North of 108p and at a premium to NAV, especially ahead of the Referendum. Sp looks a tad stretched IMO...|
|Sky u still in?|
|A 5.3% yield is a pretty good titbit these days!|
|Thanks Sky. Yes, happy with results, nice steady progress and the growth in NAV is very impressive, 107.92p at the end of the December. If NAV continues to progress, its reasonable to expect the share price to be dragged along with it.|
|So, nothing to frighten the horses there - all very reassuring. NAV @ 107.92p after transaction costs of 0.74p. Dividend sustainable:
The Board is committed to monthly dividend payments. A final dividend of 0.46 pence per share for the month of September was paid in October 2015. Together with dividends paid to September 2015 of 4.63 pence total dividends for the financial year were 5.09 pence per share, in line with the prospectus.
Dividend cover during the year was 84.7% due to the diluting effect of cash from un-invested capital at launch, debt drawdowns and the new equity raise. However, the current dividend expressed as a proportion of NAV per share attributed to property assets (that is, ignoring cash in the NAV) is fully covered going forward. On this basis, the Board is confident that the dividend is sustainable, assuming investments can continue to be made at the target yield level.|
|Welcome aboard lads; much encouraged that you've also done your due diligence.
Tomorrow's Finals are to 30th Sept'15; but we will also get the updated NAV for Dec'15. I'll guess 108.5p.....|
|Ditto, Wirral. After extensive research over the past week or so, have finally taken the plunge today + joined you guys @ 103.50p. Fingers crossed for positive results in the morning :o)|
|Thanks for the heads up Sky...after a little research bought into EPIC this morning @ 103.74, ahead of results tomorrow. Hoping the expected increase in NAV will re-ignite the share price With so many propco's trading at premiums to NAV, its a rare opportunity to be able to buy into a quality company at a discount.|
|Got my balance @ 101.76p...now hope to see a reasonable NAV result on the 27th.|
|Thanks Sky, I bought a few this morning at 102.375|
|Soft markets might bring this off a bit more ...certainly some quality here|
|Skyship: thanks for highlighting, will review|
|Agreed - I've never met, but know that they have a great reputation.|
|Tremendous management, met them last year, if sector conditions turn tougher, they will come in to their own..good opportunity to top up..|
|Finally bought a few. Paid 103.5p after yesterday's sell off; at that level the yield = 5.3%. The Prelims are declared for Weds. 27th January.|