|Invista Foundation Property
||ORD SHS NPV
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Invista Share Discussion Threads
Showing 601 to 624 of 625 messages
|ok will do|
|Enviro - will you reissue this thread under its new name & EPIC of SREI?|
|"The transaction adds to the Company's cash reserves and the proceeds will either be redeployed in a combination of higher yielding investment opportunities and capital expenditure within the existing portfolio or be used for debt repayment."
So they have no plans on what they're going to do with cash. It must have been an opportunistic sale and too good to turn down. Nevertherless, I reduced my holding this morning. I was a bit top heavy here anyway.|
|LG - Their strategy is to invest in high yielding assets; and the BT building had become only a moderate yielder due to the value increase. An opportunist purchase delivered a great profit.
The transaction adds to the Company's cash reserves and the proceeds will either be redeployed in a combination of higher yielding investment opportunities and capital expenditure within the existing portfolio or be used for debt repayment. The use of cash funds in these ways should be earnings accretive to the Company's dividend cover by either improving the overall level of rental income or reducing the cost of debt.
Can't see why they would want to reduce debt, unless linked to that interesting objective of restructuring their debt ahead of maturity in 2014 - see this extract from the recent IMS:
"The Company has a single on-balance sheet loan facility of GBP173.5 million that matures in July 2014, with no other on-balance sheet financing maturing prior to this date. The Company is considering longer term re-finance strategies that reduce the overall interest cost and avoid crystallising swap break costs."|
|Looks like a good deal has been done, although I am slightly concerned that we have lost a good asset, a good tenant and a good income.
My only concern with IFD is dividend cover and the BT. building was supposed to cover a large part of the shortfall. I just hope that they have got something lined up to replace it. I am not sure that a simple repayment of debt is the way forward if we want the company to grow.|
|Impressive disposal - see Header:
"Invista Foundation Property Trust exchanges contracts to sell BT Office Building in West Bromwich in GBP19.5m transaction.....
.....The sale enables the Company to realise the strong and swift capital appreciation of this asset, as the sale price reflects a 31% uplift compared to its acquisition price and an uplift of GBP0.6 million or 3.2% compared with the independent valuation as at 31 December 2011 of GBP18.9 million."|
|Gary - in your dreams!|
|Even better though a breakout of £1.40 would be even better though!! :-)|
|lurvely, a break out of 40p would be even better though.|
|dendria - thnx for that. Plantation Place could end up providing us with another £5m-£10m on out net assets - £8.2m would lift our NAV by 3p/share.
Having broken my 10% asset allocation rule by buying a few more cum-div 4 weeks ago, I top-sliced 20k @ 35.3p today. No reason other than wanted to bank a few profits into this overall Market rise.
Onwards & upwards...|
|CoStar Finance item on Plantation Place:
|Sleepy - the 14 March 2012 EGM is for the name change. If approved IFD would be renamed 'Schroder Real Estate Investment Trust Limited' and the code changed from IFD to SREI.
|BT - no, regretably not. Good article on PCTN yet again in the online IC yesterday; but they keep overlooking the better value IFD.
Still, we're UP again & KERCHING - 0.88p divi arrived in my Sippdeal a/c today.|
|Anyone have some broker reaearch on this one....|
You could well be right on your assumption that the seller has finished. I would happily take a 0.25p rise every day.|
|Looks as though no more stock available @ 34p...|
|So - announcement of an EGM but nothing about what's on the Agends. Presumably it will include shareholder approval for the change of name.|
|Ticking up nicely on good volume...definite break out|
|The placing was discussed at some length on this Board at the time. The market (and the IFD share price) had already well recovered by July 2010 and there was certainly no need for it. It has been dilutive to both asset value and dividend cover. The management company has presumably benefited from extra fees as a result of the placing.|
|Sleepy - 2007/8 was a near catastrophic bear market for all commercial property companies. Most companies had heavily dilutive Rights Issues in order to survive/recapitalise. Compared to that, IFD tried to pay back all of its secur-tised debt - regrettably noteholders declined the offer. They did repay £40m odd; and they did have that small 9.99% placing @ 38p.
That said, the share price has marginally underperformed; but I expect that under-performance might soon be reduced. Of course, if you adjust for the dividends we have been receiving, performance is on par, or even better than the "big boys".
free stock charts from uk.advfn.com|
|Lord G now AT trade at 33.25p so we are sitting on resistance at that point.....we need by trades going on now at 33.5p to signal breakout coming....|
|Lord G..AT trade at 33.5p so signals breakout....have a look at chart....|
|Yes - see post 33 onwards on this thread. Smiled when I saw in post 41 reference to a presentation from July 2010 showing dividend cover increasing to nearly 100% over the next two years. Is this presentation still available?|
|Where's the 'Woooosh'? Tap on?|