Real Estate Investors Share Discussion Threads

[badtime] 21/6/2018 12:00

So Tilts ..these results

[badtime] 15/6/2018 12:08

Or next...

[tiltonboy] 12/6/2018 15:57

Should be this week

[hugepants] 12/6/2018 14:44

This outfit usually release some kind of trading update in June. Also a dividend announcement.

[skyship] 08/6/2018 14:21

Yes, spread quite close at the moment : 53.25p - 54.00p

[hugepants] 08/6/2018 13:36

54p to buy now

[hugepants] 05/6/2018 21:23

but on the positive side they have only 25.99% to go.

[tiltonboy] 05/6/2018 20:42

That's a worry if Invesco are now selling down their holding!

[tiltonboy] 25/5/2018 16:12

Old Mutual have been one of the sellers. The holding is inconsequential given the size of the fund, and they are exiting.

[hugepants] 25/5/2018 15:43

I wonder why someone is selling this down when its so undervalued compared to other REITS. Have we missed something?

[badtime] 17/5/2018 16:36

Lol..we'll said

[sleepy] 16/5/2018 16:36

Interesting to compare total annual costs of Highcroft with annual cost of RLE Directors

[tiltonboy] 14/5/2018 12:24

I agree and have made a number of representations to the company.

Old Mutual are still selling, but using WINS (and possibly NUMS) rather than LIBC. It's possible that LIBC no longer have a tap.

[skyship] 14/5/2018 11:59

Still on offer @ 56p; but now officially 55p bid.

Tilts - explain to me - what benefit accrues to a MarketMaker by putting the offer price @ 58p when they are actually freely available @ 56p? Surely stating the headline 58p might act as a deterrent to a passing potential buyer - so the MM loses the business! Seems counter-intuitive...

[tiltonboy] 12/5/2018 12:56

I would guess some of the 740k were sales

[skyship] 12/5/2018 11:23

WOW - just seen another 740k bought yesterday - 34 trades - all buys!

But still the tap dominates - & still no RNS on a reducing holding...

Frustrating for sure; but the opportunity extends to go overweight. Certainly
difficult to find value elsewhere!

[tiltonboy] 25/4/2018 11:03

Not me. Possibly a buyer of 600k, and LIBC have taken 1m off a seller...or even the other way round...lol...

[skyship] 25/4/2018 10:48

Interesting - 1.6m traded at 55p.

Tilts - you will know - was that a BUY or a SELL?

Perhaps that is another "small number at 55p" that you've picked up! 🙂

[badtime] 23/4/2018 19:06

Nice price

[tiltonboy] 23/4/2018 16:24

Another 90k of net buys today...I picked up a small number at 55p.

[skyship] 20/4/2018 12:10

In that same IC article they stated:

"Prior to these numbers Liberum was forecasting adjusted NAV of 71.4p/share at 31 Dec'18"

Anyone know if there has been a Liberum update post the figures?

Incidentally, on that NAV and the proposed 3.5p annual dividend, then at 56p:

# The NAV discount = 21.6%

# The Yield = 6.25%

Decided to make a small top-up at that 56p this morning.

[hugepants] 03/4/2018 07:53

This outfit were tipped as a buy in the IC (29 March to 5th April).

"...So, with strong demand for commercial property in the Midlands, and with the shares trading on a 22 per cent discount to forecast NAV and yielding nearly 6 per cent, we suggest ignoring the short term fluctuations and buying the shares for a long term investment."