Ediston Property Investm... Share Discussion Threads

[flyer61] 01/9/2023 11:59

Have a look at SEMB, it is a monthly payer and now might be a reasonable time to buy.

[spectoacc] 01/9/2023 11:50

Or 12x annual payers with staggered dates ;)

Have to say, do like monthly payers - they don't suffer the share price dip on XD & the money just keeps coming. Also, less delay to the payout than with some, where declaration, XD, and payment can easily take a full qtr.

[alan pt] 01/9/2023 11:44

Extending the scope a bit, SMIF is monthly. Can't think of much else monthly, but you could potentially pick a spread of quarterly payers with staggered dates if you really need monthly payments

[spectoacc] 01/9/2023 11:23

The only other monthly payer I'm aware of is BCPT.

As to whether there are any "quality" REITs...

[chrysalis99] 01/9/2023 11:13

Thinking ahead to reinvestment of the proceeds, what other quality monthly paying REITs and income funds are available and listed on LSE?

[wskill] 31/8/2023 19:56

After the last big write down in values a premium to NAV is warranted.

[riverman77] 31/8/2023 19:36

Who knows what's going on in background, but if I were EPIC would demand they offer at least NAV right now, else walk away and carry on as they were before. They've got a good portfolio and they're not a forced seller, so no reason to accept an offer below NAV

[wskill] 31/8/2023 19:25

No they will spin it out forever its not what our American friends want after a never ending negotiation they will present a low ball bid .

For pity sake you absolute twits of Directors get them to put up or shut up please how difficult is that forget TRY and its portfolio of small REITS .

[riverman77] 31/8/2023 16:53

Wish they would just get on with this - want to deploy the proceeds in lots of other opportunities, but fear these may start to rally before this gets sorted out.

[flyer61] 31/8/2023 16:35

Has that feel Spec but volume wasn't huge....

[spectoacc] 31/8/2023 16:10

Are we close?

[starpukka] 30/8/2023 11:43

The share price is holding; but no news ?

[nickrl] 23/8/2023 16:21

They need to terminate the arrangement with Edison once the deal is closed.

[williamcooper104] 23/8/2023 15:48

It'll be returned to shareholders as the reit is wound up They ought to be able to get most of it out quite quickly

[stemis] 23/8/2023 14:12

Depends what they plan to do with the money... (hopefully distribute it to the shareholders)

[starpukka] 23/8/2023 14:03

wc104, so if the whole company is not being bought, this will presumably leave a cash shell; so what happens to the share price ?

[williamcooper104] 22/8/2023 12:55

They won't be buying the whole PLC/company as that's a lot of due diligence to do Usually the underlying companies are in individual or small portfolio SPVs, and those ought to be capable of being pretty easily sold with no/minimal SDLT (there's a little more dd than for a simple asset purchase but not as bad as for buying whole corporate structure)

[hindsight] 22/8/2023 12:35

Yes they will, non residents still subject to SDLT

Obvious thing to do is buy whole company and find it little odd it wasnt way RNS was worded

[2wild] 22/8/2023 11:40

If they buy through a Guernsey based company, does that mean they won't need to pay stamp Duty?

[cwa1] 22/8/2023 08:51

Purely for informational purposes:-

* Ediston Property Investment Company Plc EPICE.L : Peel Hunt cuts to hold from buy

[fordtin] 21/8/2023 17:43

SocGen own 2,175,000 shares.

They had previously opened a CFD to short by 1,175,000, leaving them net long by 1,000,000.

They've now increased their CFD short by 1,000,000, leaving them neutral.

If they see the share price making a decisive move in either direction, they can add momentum to that movement by closing the opposite position.

Does that sound about right?

[perfect choice] 21/8/2023 17:26

Hedging their bets?

[marktime1231] 21/8/2023 16:11

Wow SocGen increasing its short, one million bets that a deal can't be done at 70p+ is super contrary. Or perhaps it thinks a lack of committed deal news and slow negotiation will cause the share price to fall back in the coming weeks.

[adae] 18/8/2023 20:20

A tardy RNS, but at least it's 'advanced' discussions.