Share Name Share Symbol Market Type Share ISIN Share Description
Pacific Ind LSE:PILR London Ordinary Share GB00BYV8MN78 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 123.50p 120.00p 127.00p 123.50p 123.50p 123.50p 1,159,582 06:31:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.3 4.9 46.8 2.6 84.06

Pacific Ind Share Discussion Threads

Showing 51 to 75 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
17/11/2017
08:38
excellent disposal, suppose we can't read across for rest of portfolio NAV but shows their active management is v good imo. we should be ok here.
nimbo1
17/11/2017
07:26
Nice to see evidence of successful activity: "The Disposal follows the recent letting of the property on a 10-year lease to P W Gates at a passing rent of GBP6.29 per sq ft, a leading rate for the estate. The total consideration represents a 64% gain on the asset's cost when purchased at the time of the Company's April 2016 IPO, representing an IRR of approximately 43% and a 19% premium to book value as at 31 March 2017. "
spectoacc
21/9/2017
16:06
must be getting closer to completing on some of the acquisitions....?
nimbo1
17/8/2017
08:41
Some of the 115p placing trades reported today I see.
spectoacc
13/8/2017
13:32
Yes I will wait for the next raise but of course price may fall as new 115p shares aren't on the market yet. When they arrive more stock may become available. Don't really mind either way to be honest. This will probably be at 130-140p within 12 months I would hope with decent Dividend yield secure if course
nimbo1
12/8/2017
10:42
totally agree with you regarding management's performance Specto. I'm very hopeful it continues. The fee structure, if I remember rightly, would also be geared to management's pursuit of this strategy - been generous out to 2020 for returns above 10%...which will require revaluation of assets higher from rent negotiation or extensions as opposed to just leveraging the portfolio yielding ~7.5 percent.
pyufak
12/8/2017
10:15
@Pyufak - on management's previous record, I reckon what they're buying with the placing money will very quickly be revalued upwards. They seem to have the connections to buy off-market and relatively cheaply, as shown by initial purchase and from the last placing.
spectoacc
12/8/2017
09:08
Nimbo, surely better to wait for the next fundraising as you have 75% of your holding. 125p is an 8.7% diluted NAV premium so unfortunately I think the opportunity to get in has gone. The trades lifting the 125p offer yesterday must either a. really believe in the sector and scope for out performance or that the management will hugely outperform and land in the top end of the 10-15% target - possible given the low weighted average time of leases in the target portfolios 1 & 2. On the plus side, means that market makers didn't end up too long post placing.
pyufak
10/8/2017
17:31
Lack of stock around pushing up the price. Hopefully the placing will improve liquidity. Have about 75% of holding I'm aiming for and don't want to pay 125p for the rest.
nimbo1
04/8/2017
20:47
Agreed, I think the attraction to management of portfolio 1 & 2 is the higher number of units providing diversification and the lower WAULT. Especially portfolio 1, should they just be able to extend existing leases from the current 2.7 to 5-10 years would result in significant mark ups to the assets book value. I've got my target position on now and expect things will quieten down in coming months but will be checking in every so often.
pyufak
04/8/2017
14:43
Think the placing document says something about 1 and 2 being the purchases using this cash and 3 would require more funding.
topvest
04/8/2017
11:42
Pyufak31 Jul '17 - 22:27 - From reading the RNS it appears the £53m amount corresponds nicely (when leveraged) with purchasing portfolios 1 & 2 from the original 14th of July release while the third 83m portfolio would have required the full 110m raise. Would be interesting to know how much excess demand there was if this was the case or if everyone was fully filled. I agree - it seems the company took £53m to buy 2 portfolios instead of getting the full £110m for all 3 portfolios. I have just seen that Canaccord have raised £200m for Triple Point, a new housing REIT. Overstretched themselves? Working on two property company raises at the same time is not cricket.
trogerswinning
02/8/2017
17:26
BBOX did start this way, being on the Specialist Fund Market, but when they got bigger they let other holders participate more easily. Hopefully the directors will do the same here!
topvest
02/8/2017
17:24
I suggest that everyone emails the company then and rejects the resolutions just sent out. The resolutions will still pass, but it will maybe make the directors think again next time. They took some shares in the placing, but we weren't given any opportunity.
topvest
02/8/2017
10:39
For the latest discussion on this share you need to go to the BBOX thread.
tyranosaurus
31/7/2017
21:27
Same, disappointed couldn't go into the raise myself and had to buy at slight premium in secondary. The one thing I couldn't find was the order book size - did anyone see any info on this? From reading the RNS it appears the £53m amount corresponds nicely (when leveraged) with purchasing portfolios 1 & 2 from the original 14th of July release while the third 83m portfolio would have required the full 110m raise. Would be interesting to know how much excess demand there was if this was the case or if everyone was fully filled.
pyufak
31/7/2017
20:46
I would be keen
nimbo1
31/7/2017
18:06
Yes, agreed. Looks encouraging. We should definitely start lobbying the company to give us an opportunity to invest next time given they now have critical mass. What do others think?
topvest
31/7/2017
15:26
bought a few more to complete my holding here - paid 119.5. looks like they did a good job and minimal dilution.
nimbo1
31/7/2017
11:29
Interesting, thanks @tilts.
spectoacc
31/7/2017
11:28
I believe there is another investor waiting to come in, but couldn't get all their ducks in line, in time for this placing. Quite pleased with pricing.
tiltonboy
31/7/2017
11:23
Ha ha there it is. "46,086,957 Placing Shares have been conditionally placed with Placees at 115 pence per Placing Share to raise gross proceeds of approximately GBP53.0 million. The Placing is not underwritten. " Tiny NAV dilution but since that's a moveable feast in itself, I'm happy enough - 115p placing price. Didn't raise as much as they'd hoped but significantly better than last time, and probably only one more placing away from being a serious player.
spectoacc
31/7/2017
11:19
Still no news. Must admit I've not bothered to pick up the phone to them, being uninvolved in this placing.
spectoacc
29/7/2017
13:36
Im relaxed about the results from raise. Even if it didn't go ahead and they had to move ahead more slowly I still want access to the small unit industrial space and this is the only concentrated way to do it. Divi would remain at 6% after all with scope for further capital growth from asset management. So happy to hold for the long term either way.
nimbo1
28/7/2017
17:45
Results for the placing SHOULD have been released by today at the latest. Doesn't bode well.
topvest
Chat Pages: 3  2  1
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