Life Science Reit Share Discussion Threads

[gbcol] 09/2/2023 16:54

I’ve bought plenty of these with AJ Bell and never paid stamp duty.

Really don’t understand why this is doing so badly in terms of discount to NAV although there is obviously a big seller out there (> 2 million sold today). Frustrating but I’m confident it will turn at some point as long as they keep up the divi.

[orinocor] 09/2/2023 15:01

Not with IG.
I bought 3000 at 65.3p. Cost for a trade is £3
The total cost was £1962. This is what IG have charged me,

[aamhager] 09/2/2023 14:41

You might want to check the trade confirmation. Stamp duty is due on this one

[orinocor] 09/2/2023 14:31

I tried with iweb and they are charging stamp duty as well.
IG rules

[orinocor] 09/2/2023 14:29

Not a spreadbet just a straight share trading account.
65.3p to buy now.

[aamhager] 09/2/2023 14:22

Spread bet/ CFD?I tried through ajbell and they added a stamp duty to the quote as well

[orinocor] 09/2/2023 14:01

sorry no it was IG

[aamhager] 09/2/2023 13:58

I am surprised. I simulated a to buy on ii and stamp duty is well due. Which one is your broker?

[orinocor] 09/2/2023 13:31

I just bought 4000 @ 66.05p and I did not pay any stamp duty.

[aamhager] 09/2/2023 12:11

Massive discount to NAV here (assume NAV is current)
Would love to buy some but hate to pay stamp duty. I usually buy shares not subject to stamp duty

[chrisdgb] 09/2/2023 10:06

Despertaely need some interest here.............

[jonwig] 25/1/2023 09:26

This looks a decent letting:



But no rental amounts given initial yield, etc.

[jonwig] 18/1/2023 07:58

A rare piece of good news:



Quantum computing isn't life science, but we won't quibble!

[chrisdgb] 12/1/2023 14:13

One of the only stocks not to budge..............

[chrisdgb] 15/11/2022 12:38

Volume chunking through, Jeffries are the latest crew to give it a push........

[chrisdgb] 14/11/2022 15:15

Disappointing this one hasnt really made up any of the falls...

[jonwig] 03/11/2022 07:54

It won't do any harm!

UK supposed to become a world leader in biotech, etc. and a shortage of suitable space in the key triangle (Oxford, Cambridge, London) should work through when (if) the atmosphere of crisis clears.

[chrisdgb] 03/11/2022 07:41

Agreed, JP Morgan were trying to push it the other day......

[gbcol] 03/11/2022 07:32

Admission to main market should be a positive step forward. I’ve got a decent chunk invested here and although I’m down a bit at the moment, with a NAV around 102p this move should hopefully help the share price make some progress in closing the massive gap from 73p ish.

[disc0dave45] 10/10/2022 11:28

Is their overall rental yield (£17.2m pa on £413m assets) of 4.2% on the low side?

[jonwig] 07/10/2022 11:37

Possible explainers for poor LABS performance;

1) All asset-backed companies - higher interest rates increases the discount rate used in valuation and lowers NAV.

2) Higher interest rates... but 77% of LABS debt is capped until 2025.

3) They have some projects awaiting redevelopment which would add to risk ... but they appear to have secured fixed-price contracts for these.

4) Most leases appear to be short (WAULT 6.7 years) which raises risk of voids in the future.

5) Their NAV has progressed well (102.1p) but unless the discount can close, equity fundraisings will be ruled out.

6) The LDI fiasco last week may have led to some forced selling of property companies, not necessarily this one, but sntiment was very poor.

[chrisdgb] 07/10/2022 10:51

The fightback is on..........

[sphere25] 07/10/2022 08:06

Hold onto your hats folks, the turtle appears to be bouncing!

Someone picked up another big block of 4.94m yesterday. These are definitely forced sellers on the back of recent events. If they're cleared, this should bounce now. It looks well bid and the market makers are moving higher.

JEFF (good ole JEFF) was on the offer getting the sellers out yesterday and regularly on the bid this morning so possibly a sign sellers are cleared.

0.5p at a time - turtle power!

(Hek, have to try and lighten the mood now and again)

All imo
DYOR

[gbcol] 06/10/2022 13:32

Yes I was encouraged by that increase by Investec. I’ve been adding all the way down including today. Personally I’m happy to take the dividend - 4% target on IPO price but much better than that at these share price levels. Plus with the NAV at circa 102p there has got to be decent potential for capital growth of 10-20% IMO.