Jup Ord. Share Discussion Threads

[skyship] 02/6/2020 09:21

MTR now at 2.5p bid and IMO slightly ahead of events as now likely to be at a premium to NAV. I'm out...

[skyship] 26/5/2020 10:29

That MTR looks like a good spec for the possible upcoming commodity boom:


free stock charts from uk.advfn.com

[skyship] 19/5/2020 14:00

...and an alternative way to play BMV (My 2020 Spec as in the Header) is through 50:50 JV partner Southern Gold (ASX:SAU). Meant to post on this last week; but sadly forgot to do so as they've since advanced from 13c to 17c....but look to be headed higher - see chart below.

An alternative to SAU might be MTR which just bought a stake in SAU at 10c. MTR a Value favourite of Simon Thompson's (IC). MTR are AIM-listed at 1.7p with an underlying NAV of c2p currently.

Incidentally, herewith a piece of "research" just issued on BMV:




free stock charts from uk.advfn.com

[skyship] 15/5/2020 08:16

One alternative way to play the commercial property market might be through RECI. A pretty remarkable presentation this morning as they hold their 3p/Qtr dividend, so the 12% yield has its attractions: (sp recovering this AM - up from 96p to 98p...and climbing)

[skyship] 13/5/2020 07:23

hpcg - thanks for that. I totally agree - regularly on certain days, but not full time. Of course also would not suit all jobs.

It might indeed slice a small %age off a company's office requirement; though perhaps only those with mobile stations, which are themselves still a bit of a rarity.

Personally I don't believe WFH will affect office requirements one iota; but of course for propco investors a debate or a trend to be aware of.

[hpcg] 12/5/2020 22:15

Sky - I've said this several times on the SHA thread. From my experience the ideal WFH situation is to be able to when needs be, or even regularly on certain days, but not full time. No personal relationships are built, it would simply be impossible to bring talent through, and mistakes will multiply. Sometime one needs to overhear things to find out something is going TU. Several commentators have thankfully mentioned the difference between the higher ups with a home office, and the young and lower paid that are probably living in shared accommodation.

Having said that I do think companies will use WFH as leverage to reduce rent when renewing, or to trim some space needs. I can also see much more use being made of satellite offices. Once a VPN structure exists security is simplified, for example. Investing wise, which is after all what counts on these pages, I am on the fence. I think it pays to listen to what renters are saying, and then doing. One can't afford to get on the wrong end of a trend like retail, and I know that there is a shed load of empty units around even before this year's events.

[i like beer] 04/5/2020 17:47

Thanks skyship, actually got some INLZ a couple of weeks ago after seeing your post on that, so thanks for that as well. Noticed they have gone up a bit as well. I havent really used zdps before so will keep an eye out.Nick

[skyship] 04/5/2020 12:03

Always a chance. Nothing on the stock-market is a stone cold certainty; it is always an assessment of Risk:Reward.

[skyship] 04/5/2020 10:04

star - just look upon them as a conventional preference share in that regard. If a company goes into administration and liquidation, then ZDP shareholders rank ahead of the equity.

[starpukka] 03/5/2020 23:00

Skyship is there anything that can stop a ZDP paying out ? And, if the company goes bust are you guaranteed to receive back the share price value at the time ?

[skyship] 01/5/2020 11:41

Nick - yes, exactly that. On 1st July BBYB holders will receive 100p for their holding; and at the same time the final dividend pay-out of 5.375p.

That opportunity plainly gone now as a new buyer at 103p + Stamp Duty & Comm would be paying 103.6p, so only a 1.71% turn in the remaining two months.

Best value fixed interest play remains the Inland Homes ZDPs:

Buy at 148.9p = 149.66p. Redeeming at 201.40p on 10/04/2024. Provides a 4yr investment with a GRY of 7.82%pa.

[i like beer] 01/5/2020 11:21

Skyship, re your post 75 above. what happens once the redemption date arrives? Do the shares get cancelled and you receive the cash?
Thanks
Nick

[skyship] 30/4/2020 13:54

Gary - yes, my Tip & Spec of the Year have both been extraordinary - very much doubt that will ever happen again to that degree.

Also, just wish I still held some GGP; but I had a full 10% allocation, so was happy to sell into the rise - highest selling price I recall at 3.6p versus the current share price of c9.0p......DOH!!!

I had a much smaller allocation in BMV so held half which sold at 4.3p just last week.

With those two contributors + DJAN (see P.No. 31), I'm relieved to be exactly all square YTD. Also 67% CASH...

[skyship] 30/4/2020 13:48

BT - sold some AEWU @ 62.9pXD - that's equivalent to 64.9p. Content to be parsimonious and snipe profits where available...

[gary1966] 30/4/2020 13:40

Sky,

Just noticed in the header GGP and BMV have been star performers during the crisis, well done.

[starpukka] 30/4/2020 13:21

Me too. Thank you.

star

[gary1966] 30/4/2020 13:18

Octagonal worth a look. Current market cap is pretty much covered by a growing cash pile and therefore a very profitable business thrown in for free. Would imagine current market turmoil is good for them and yield of over 7%. Actual spread much, much tighter than the one quoted and so don't be put off by that.

ATB

[wllmherk] 30/4/2020 11:40

I read your posts too Sky, very informative,

thanks

wllm

[skyship] 29/4/2020 09:21

BT - thnx for the divi info - had forgotten that.

Not particularly relevant to any one single proposition; but thought this a rather good summary of the Market position by the Chairman of AIF in today's Annual Report RNS:

==========================

Outlook

It is now clear that the wide-ranging impact of COVID-19 will dominate 2020 and
beyond. This unforeseen event together with the US presidential election in
November 2020, continuing tension in the Middle East, the outcome of trade
discussions between the US and China and the UK's ongoing Brexit negotiations
presents a formidable list of challenges and uncertainty in the near term
outlook.

The outlook and the ultimate impact on economies, businesses, individuals and
markets are difficult if not impossible to predict at this stage. However, we
do not underestimate the gravity of the situation either in human or economic
terms and the board and its Investment Advisers are continually monitoring
developments in order to manage the impact on the Company.

The Board however remains confident in its Advisers to manage the Company's
assets through this period of turbulence and to seek out the investment
opportunities which inevitably arise from market dislocation as we are
experiencing at present.

[badtime] 28/4/2020 21:28

Good move Sky...i added to my position yesterday and for a change i have a lower buying price than you :)Due to go ex-div Thursday 2p

[skyship] 28/4/2020 20:53

The tip triggered enormous volume into which the tap sold 1.3m @ 44p; and after that AIRE zoomed up to my target of 50p.

Took the turn and switched into AEWU @ 61.8p - hopefully the next one for a run...

[apollocreed1] 28/4/2020 17:59

@SKYSHIP - Simon Thompson is very good at what he does - I've been checking out his model portfolio in Jan and Feb and he came into this market crash very well prepared.

[skyship] 27/4/2020 14:28

Thnx ASMO.

Simon Thompson revisits AIRE (an old tip) in his online IC column today - share price now 44.0p-44.76p.

Closes with this summary:

"The ‘margin of safety’ is huge. Not only do the shares trade on a 50 per cent discount to NAV, but even if the board reduces the targeted annual dividend to 4.5p a share, the yield would still be 10 per cent. Recovery buy."

There has been a tap seller for quite sometime, hence the lack of a bounce as seen in almost all the other REITs. Today we've now seem 100 trades totalling 884k, all buys barring 3 inconsequential small trades.

When the tap is exhausted these will surely recover to 50p at least, so IMO a 10%+ trade beckons.