Jup Ord. Share Discussion Threads

[starpukka] 16/11/2020 15:59

Sky, Dare I average up from 0.3335 ? @ SREI

[skyship] 16/11/2020 14:05

No reason why SREI should not be back up to the 41p level again quite soon. In doing so they would merely be playing catch-up with the recoveries in other REITs.


free stock charts from uk.advfn.com


free stock charts from uk.advfn.com

[gary1966] 16/11/2020 13:03

CC2014,

Thank you for your post.

That's the crazy thing though CC2014, not even the vaccine makers or UK government are saying it is going to make a blind bit of difference this year and should only expect the real effects to take place in 10-12 months time. So for the time being we will be stuck with lockdowns, restrictions and so many businesses have got many months to get through before normal business resumes. If we can believe what the negotiators and governments are saying then there seems no hope of a Brexit deal either and most people are saying that that is bad for the FTSE as well.

[cc2014] 16/11/2020 12:52

Nothing you can do Gary. The market is buying any good news and then buying the markrt again on similar good news.

Whilst I'm delighted life may return to normal soon (that's alot of faith these vaccines will be as good as we think) I'm sad to say I'm unable to tune myself into the market at the moment and contiue to be surprised by just how bullish the markets are.

That's the market for you. Every year I seem to understand it better and better but my ability to predict where it's going gets worse and worse.

[gary1966] 16/11/2020 12:20

Selling most of my holdings and shorting the market last week after initial good results on a vaccine not looking like the best decision. Add in the mix that other trial results were known to be due makes it look like an even dafter one. Just wondering how much further the market will go whilst in overbought territory.

[skyship] 15/11/2020 13:58

sp - at c3.30p sure seems right to buy ahead of Tuesday's Interims.

Sadly I took my EPIC profit way too soon - should have let them run as you have done.

[starpukka] 13/11/2020 17:42

Sky, bought into SREI today .

I still hold EPIC. Had been planning to sell but the thing keeps going up.

[skyship] 13/11/2020 11:14

SREI Interims next week are IMO extremely unlikely to show an NAV as much as 3% down on the Jun'20 valuation of 57.70p, but if so that would deliver 56p and a discount still at 40.2% @ 33.5p.

Compare that with 4 peers:

# BREI @ 60p. Disc. = 36.7%

# MCKS @ 212p. Disc. = 35.6%

# PCTN @ 73p. Disc. = 20.8%

# SLI @ 60p. Disc. = 23.9%

SREI crazy good value. I've re-opened all positions sold into the rise.

[starpukka] 12/11/2020 16:24

Yes, Santa, the tooth fairy and Boris Johnson's dad. :-)

[gary1966] 12/11/2020 14:33

Is Santa excluded from lockdown? :-)

[starpukka] 12/11/2020 12:11

Don't forget the Santa Rally guys. But I guess, Gary, you will probably be out by then.

[skyship] 11/11/2020 16:05

Agreed - perhaps half now and the other half into a further rise.. Holding off for the moment though...

[gary1966] 11/11/2020 16:03

Thanks Sky, sorry updated my post above while you were preparing your reply as I decided to enter. I had considered the 6500 level might be a bit of a magnet but the RSI is so overcooked already.

[skyship] 11/11/2020 15:58

Gary – November has thus far delivered a FTSE rise of 14.4% in 8 trading days!

The rise looks overdone and I’m mightily tempted to re-open a SUK2 short; however that resistance at 6500 is still up there, representing another 2%+ rise. So personally holding off for the moment.


free stock charts from uk.advfn.com


free stock charts from uk.advfn.com

[gary1966] 11/11/2020 14:29

Decided to take the plunge on SUK2 at £6.7609 with the FTSE around 6383. Surely got to take a breather with a 900 point gain from the lows on 30/10.

[skyship] 11/11/2020 14:12

I missed out on the RSA bid; but perhaps an opportunity still to make a turn there.

It seems inconceivable to me that the buyers would not wish to cash-in the 7.373% prefs (RSAB) rather then continuing to pay over market odds for a small corner of debt.

At 126p the yield = 5.85%. A cash offer of 147.5p at a yield of 5.0% would surely be accepted by all. It would also offer a cash profit of 20.75p for buyers at 126p + exps. That = a 16.4% turn......so I'm in for a few.

NB: There is no bull position here; so if they don't bid, I'm just left holding a reasonably high-yielding cum. pref.

[skyship] 11/11/2020 07:40

Well, we're having to look at REITs now on mid/high 30% NAV discounts rather than the very commonplace 40%!

MCKS had been left behind, but started to make up lost ground yesterday - posted the fact there, but not here - should have done so, but was all rather hectic...

BREI & SREI still on 38.5% discounts; though SREI is still on a Jun'20 valuation.

[starpukka] 10/11/2020 21:47

SUK2 would be excellent for a pull back but could also blow up in your face.

Sky, are there any undervalued Reit's left now ?

[gary1966] 10/11/2020 20:03

Sky,

Should have bought SREI and well done on RGL.

Are you tempted to buy SUK2 back with the RSI on the FTSE over 70?

[sharpshare] 05/11/2020 17:05

Got some JZCC recently
Looking at the latest balance sheet today the CULS terminal payment in Jul 2021 should be doable with a few more sales.
JZCP has been a shambles with cheeky fees too!

[sharpshare] 05/11/2020 17:01

Sky
Thanks for all your good posts, Keep it up!

[gary1966] 05/11/2020 16:23

Concerned with how far the markets in general have bounced over the last few days and so would like to utilise the money on weaker days.

[skyship] 05/11/2020 16:17

Gary - good trade, well done.

With SREI - they advanced above 32p today, then backed off to 31.5p - IMO a good entry point as more people will surely be recognising that, with the very likely resumption of the buybacks on the 17th/18th, a renewed upward move almost a certainty.