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Share Name Share Symbol Market Type Share ISIN Share Description
Highcroft Inv. LSE:HCFT London Ordinary Share GB0004254875 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 885.00p 870.00p 900.00p 885.00p 885.00p 885.00p 550 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.0 3.3 132.3 6.7 45.73

Highcroft Share Discussion Threads

Showing 201 to 224 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
03/12/2018
21:19
Yes, good news. Happy to hold.
topvest
03/12/2018
18:12
"sale proceeds that were GBP945,000 (34.6%) in excess of the June 2018 valuation" 34.6% in excess of valuation! Of course that uplift will surely be exceptional; however it is a very clear indication of a conservative valuation policy. Great news.
skyship
03/12/2018
17:14
Adds 18p to NAV. Decent business
stemis
03/12/2018
16:38
Decent sale and uplift on recent book value.
semper vigilans
10/10/2018
13:09
Posted in no.144 above: "Missed that £4.9m purchase of the Nuffield Health Fitness & Wellbeing Gym in the Broadway Plaza, Birmingham. 7% yield. Doesn't exactly shoot the lights out though, as what chance of asset management gains. Maybe we'll hear more in the Interim Statement." We didn't hear any further justification on a fairly poor acquisition in my view. This was all they had to say: " After the period end we reinvested the total proceeds of GBP2,475,000, together with the proceeds of additional disposals of our equity investments, into the freehold of a health and fitness club in Birmingham for a net initial yield of 7.0%. "
skyship
10/10/2018
08:48
Skyship I agree with you. HCFT has a good portfolio. What was wrong with their last acquisition?
crumppot
10/10/2018
08:44
SteMis - ~"Alternatively there is a surplus of properties and rents (and valuations) will remain depressed."...…;….? Not sure what the point of that post really was. The Market is tight and tightening in the regions. There is certainly no surplus; hence rents and valuations are rising. My point about replacement costs applies just as much to HCFT; and as Semper states, HCFT does have an excellent portfolio, though as I stated earlier, not exactly enamoured with their last acquisition. So Stemis, what was the point you were trying to make?
skyship
10/10/2018
08:18
Highcroft’s portfolio is pretty solid - it would be extremely difficult to assemble it from a standing start. Hence at some stage, will someone come knocking?
semper vigilans
10/10/2018
08:13
Alternatively there is a surplus of properties and rents (and valuations) will remain depressed. I think HCFT has a nice portfolio (I've no idea about RGL) but there's a lot of dross out there...
stemis
09/10/2018
11:37
Having top-sliced a few post the XD date, bought back yesterday @ 920p & today @ 910p. Look very good value again. Re valuations in the regions, IMO very interesting to look at replacement costs, something both RGL & WHR have talked about recently. Take a look at the Edison interview I refer to in this post on the RGL thread. =============================================== I was replaying that Edison TV interview today (see Header) so as to write down the best stat not usually covered; and I believe not mentioned before on this thread: # RGL's office valuations are based upon £130/sq.ft VERSUS a replacement cost averaging £200/sq.ft # RGL's industrial valuations are based upon £42.75/sq.ft VERSUS a replacement cost averaging £85/sq.ft This explains the lack of development in these sectors in the regions. The existing properties are too lowly valued by the open market. So with very little new stock being built, rents for existing properties might be expected to remain keen; and therefore valuations continue to rise. The stats are pretty incontrovertible, but it is the degree of the difference which certainly surprises me! ===============================================
skyship
10/8/2018
14:02
REITs have to pay out at least 90% of the their profits.
crumppot
10/8/2018
13:46
As a REIT the co is obliged to distribute its rental profits as a property income distribution. If net income rises the dividends will increase.
alanji
10/8/2018
11:22
SteMiS - I suspect unnecessarily cautious in view of the high dividend cover. Also these facts: # 2015: Divs = 36.0p....+6.7% # 2016: Divs = 38.8p....+7.8% # 2017: Divs = 41.0p....+5.7% # 2018: Divs = 46.25p....+12.8% I expect we'll see a Total anything between 52p-54p. Only 7 & a bit months to wait on that result!!! (23rd March last year)
skyship
10/8/2018
10:04
The 15.4% increase in the interim dividend follows a 15.4% increase in last years final dividend so I'm assuming there won't be a similar increase in this years final dividend. Even if they increase it by say 2.5% to 30.75p, total dividend for the year would be up by 7% to 49.5p, which is more than acceptable.
stemis
09/8/2018
06:57
They have always been conservative on NAV - would rather have it that way. Good PID increase and sensible gearing.
semper vigilans
09/8/2018
06:19
I was expecting a slightly better NAV performance; but not such a good hike up in the dividend. So, all looks good and at 950p the discount = 20% and the prospective yield increases to 5.5% assuming a 34.25p final (+14%).
skyship
01/8/2018
12:59
Sorry, a bit late to this Missed that £4.9m purchase of the Nuffield Health Fitness & Wellbeing Gym in the Broadway Plaza, Birmingham. 7% yield. Doesn't exactly shoot the lights out though, as what chance of asset management gains. That's higher than the yield on our current portfolio which is about 6.4%. However since at 950p, the share price is an 18% discount to NAV, the effective yield to shareholders is about 8.5%.
stemis
01/8/2018
08:36
Glenstone - 2% premium to NAV, not LSE listed, resi & retail.....definitely not one for me. Thanks all the same; always useful to see other valuations.
skyship
01/8/2018
08:18
They are listed on the channel island stock exchange. they are capitalised at about £125m. They have a mixed portfolio of Resi, shops, pubs and even an ice rink.
crumppot
01/8/2018
06:28
Maybe this: hTTp://www.glenstoneproperty.co.uk/
eeza
01/8/2018
06:23
Crumppot / SV - I am unable to find a stock called Glenstone! Could you perhaps oblige with an Epic....Thnx
skyship
31/7/2018
09:54
Thanks Crump - bit too biased toward resi and retail compared to HCFT. Sensible gearing though.
semper vigilans
31/7/2018
09:26
Anyone looked at Glenstone, which is tightly held but also another well run REIT.
crumppot
31/7/2018
09:03
Good point Skyship. There are other REITs that do not yield as much as HCFT but have a narrower discount to NAV. They don’t seem to be so prudently run either. I think the past has normally shown asset values to be slightly conservative here, but perhaps the spread deters investors slightly.
semper vigilans
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