Highcroft Investments Share Discussion Threads

[skyship] 09/2/2023 08:46

Indeed, though the valuation uplift adds only 3p to the NAV - 0.25%.

The share price now returning to better value levels after the false high inspired by the Simon Thompson (IC) tip.

The spread always a concern here; but may well be tempted back in at c900p

[topvest] 08/2/2023 20:42

A disposal well above book is quite impressive in this market. Makes you wonder whether the valuation is on the cautious side?

[c3479z] 11/9/2022 21:32

crumppot

ST in the IC verdict is 'buy' at 1000p mentions offshoring becoming onshoring pushing up demand for industrial warehouse space and their selling the smaller retail outlets which declined in value.
personally, Think Wynnstay property marginally better prospect, similar discount less geared and fewer percent void property but almost impossible to buy because of the spread.

[crumppot] 08/9/2022 10:43

Article in the IC, has anyone seen it?

[1tx] 08/9/2022 10:28

HCFT has two "concert parties"!The Kingerlee party which has circa 41%.The Kingerlees have been involved in HCFT since at least 1973 and I think were instrumental in it becoming listed on LSE.The family have other house building & property interests in Oxford area.HCFT was originally an investment company and gradually became a property company then a REIT.The unconnected Conn "concert party" own about 24% they also own property company Stewart & Wight which was formerly LSE listed.

[nickrl] 06/9/2022 18:06

The concert party own 41% i believe its Kingerlee who directly controls 24%. He was a an executive director of the business but last year stepped back to a NED now just an interested party although with 41% a very interested party!!

[crumppot] 06/9/2022 16:07

1tx agreed

[1tx] 06/9/2022 15:59

I think the Conn "concert party" who own around 24% may have been looking for a change in NED.

[crumppot] 06/9/2022 11:44

The property in St Austell looks promising.
We need to see if they can let the Cardiff offices.
They have money to invest at the moment but they might be holding some of it back for the development in St Austell.

[nickrl] 06/9/2022 11:30

spangle reads well but i noted this cautionary comment though

"second half has already started showing increasing signs that the impact of rising interest rates, soaring inflation and increasing negativity surrounding the economic outlook are starting to push out valuation yields which could negatively impact valuations"

Looks like they've recovered a fair amount of unpaid rent over last 6mths which is great but it flatters cashflow even so at the operating level they are covering the dividend even with reduced rental income.

Also i see Kingerlee is fully stepping down may have been reported before although given his concert party own 40% of HCFT he will be keeping a close eye on matters so hopefully this doesn't presage a move to sell down.

[spangle93] 06/9/2022 07:44

Assets up 7% in value (1364p)

Income 7% down on last year as Cardiff is empty

Dividend up

[superadams] 27/6/2022 18:00

Still buyers after the Alpha tip I expect.

[marko60] 27/6/2022 15:30

Good jump today, I can't see any news to cause this!

[bench2] 16/6/2022 19:08

What a day to buck the bear trend

[forensic] 16/6/2022 12:58

Investors Chronicle Alpha

[crumppot] 16/6/2022 10:38

Somewhere HCFT has been tipped. I haven't found out where yet.

Superadams , this is not all time high, a few years ago they were higher.

[superadams] 16/6/2022 09:44

Am i right in thinking this is an all time high ?

[semper vigilans] 16/6/2022 09:28

Strange share price movement this a.m.?

[1tx] 18/5/2022 22:39

I did not attend but although David Kingerlee was re-elected over 1.1 million votes against him.I suppose these were in the main from the Conn concert party,but DK vote was below Kingerlee concert party total.

[semper vigilans] 16/5/2022 16:25

Sorry, not me.
Hope they release a statement if anything is happening.

[crumppot] 16/5/2022 16:14

Anyone intending on going to the HCFT AGM on Wed? I heard it might be interesting.

[hugepants] 13/5/2022 15:32

This one only gives NAV updates every 6 months but recent Q1 updates from peers such as CREI, BREI and SLI suggest NAV here should be at least 5% higher than the 1275p at end December.

[topvest] 14/4/2022 13:14

A good set of results. Only problem is the 2 voids. The average remaining lease term of the portfolio is shortening as well. Still, a good REIT. On balance, I think I prefer VIP over this but happy to hold.

[hugepants] 14/4/2022 09:54

Found it.

On 28 March 2022, the directors declared a final property income distribution for 2021 of £1,711,000, 33.00p per share, together with a special property income distribution for 2021 of £nil per share (2020 final property income distribution of £1,555,000, 30.00p per share, and special property income distribution for 2020 of £311,000, 6.00p per share), payable on 7 June 2022 to shareholders registered on 22 April 2022

[hugepants] 14/4/2022 09:42

This could be the best value of the industrial/warehouse focussed reits now. It's on a 5.6% yield and a 23% discount. 73% of the portfolio is warehouses (45% industrial, 28% retail) and they only have 9% offices. The shares are not very liquid though. Anyone know when is the ex-dividend date?