Picton Property Income Ld Share Discussion Threads

[skyship] 18/4/2013 09:53

Managed a top-up @ a smidgeon under 40p this morning. They can now be released onward to that 43.5p/43.75p target!

[skyship] 17/4/2013 14:51

Bought half back @ 39.44p last week, looks as though I should have bought them all back as they appear to be gearing themselves for a run at the 40p ceiling. A break should take them to 43.5p where the yield would still be 6.9%.

[deadly] 26/3/2013 19:16

75k director buy announced.

[skyship] 20/2/2013 11:48

Also taken the turn here - 39.42p average, so over 40p adding in the divi.

They're not really a sale IMO; I just wanted to raise my CASH level a tad!

[tiltonboy] 13/2/2013 20:36

badtime,

I would want them to drop back to mid 30's to buy them. I just feel they are further through the disposal programme, and closer to distributions.

[badtime] 13/2/2013 19:15

Tilts ...what attracts you to TEIF rather than APT..the NAV on the property seems less than APT..on the last IMS..when adding back deffered tax it seems much higher...am i being a tad thick here (dont answer that)

[skyship] 13/2/2013 16:26

A nice run for sure...

[tiltonboy] 13/2/2013 16:13

Have had a look at DSC, but more likely to add to TEIF in the short term. I've had a nice rotation out of SREI, into APT, into CIC, and then into PCTN. If only I could get compound growth like that all the time.

[skyship] 13/2/2013 16:01

TILTS - Yes, well you can do so much better by dealing on the book. Still, I'm hoping that they will continue to 40p, will then assess, but as they still yield 7.5% at that level, I may stay with it.

So where do you go next for a property play? APT is off and running ahead of you, though I was lucky enough to get some @ 38p yesterday, so that could recur. How about DSC - have you taken a look at those?

[tiltonboy] 13/2/2013 15:44

Probably premature...again...but I've taken a nett 3p out of this in less than two weeks, when including the dividend, which in effect was the CIC money being re-cycled.

[eeza] 13/2/2013 09:02

Very encouraging, Jaws.

[jaws6] 13/2/2013 08:50

PICTON SCORES REGIONAL LETTING HAT TRICK -RNS
and .75 p xd

[nil desperandum] 06/2/2013 18:56

Some chunky trades revealed at the close... could be seller cleared ... time will tell...

[hugepants] 06/2/2013 13:14

Ive PCTN and UKCM. DSC another property play worth a look. 3.5% yield but 40% discount to NAV. Soros recently bought 6%.

[bolador] 06/2/2013 10:46

I think the most recent basics are as follows,
Dividend .75p X4 a year
Thus 3p per annum div gives 7.8% yield at 38.5p
The dividend is now covered by net rents received.
The NAV is 51p.
The discount to nav is 24%
Long term finance was arranged last year.

The discount compares with that of about 3% on UK Commercial Props which whilst about five times larger in market cap has some doubt about the cover on the div.The yields are similar. Looks worth 44p to me in steady markets.

Investec recently increased its holding of Picton to 9% from about 8%.

[sleepy] 05/2/2013 22:15

And dividend has been rebased

[cwa1] 05/2/2013 21:11

Urmmmm. I confuse easily. WHAT contains dodgy information please?

[this_is_me] 05/2/2013 20:44

That contains dodgy information - 2012 was a 15 month 'year' so. for example, the 5p dividend gives a false impression - think 4p for 12 months.

[cwa1] 05/2/2013 11:51

That might well have something to do with the recent relative strength:-

[mister md] 05/2/2013 11:49

Investec Wealth & Investment Limited have increased holding

[cwa1] 05/2/2013 08:33

Morning

Trickled off 36.5p. Has Mr "have all you want at 36.5p" dried up completely, or just taking a breather for a day or two and will be back soon?

[asmodeus] 29/1/2013 11:27

Yes (in my opinion),if its based offshore, and I believe it is, because divs. are paid gross.

[jimcar] 29/1/2013 09:23

Is there any tax advantage in holding this in an ISA for dividend income?

[cwa1] 29/1/2013 08:33

Morning All

Just finished my topping up here. Reasonably pleased with the position now. If there is a "tame" seller, I wonder who it is and how many? Getting them on the order book below the published offer has been very little problem recently, so I guess, as tilts says, that one of the MMs has got a seller in their back pocket.