Schroder Real Estate Inv... Share Discussion Threads

[flyer61] 23/9/2020 16:04

The good thing is Invesco appear to be taking the same tack as ourselves. Need a nice write up in the Sunday papers/IC.

[spectoacc] 23/9/2020 14:33

Think I only want them to spend it all if they can keep buying this low.

Have to wonder where we'd be without it - and if Invesco were still selling rather than having switched back to buying a few.

[llef] 23/9/2020 07:50

So under current authorisation limits, they can buy 77m shares, which at current prices, would roughly cost about 25m GBP, and equate to 15*0.25p - 3.75p a share.
That's not bad at all.

[skyship] 23/9/2020 07:04

Indeed - may well give a running total each weekend.

Currently 5.020m @ 31.56p, making an NAV contribution of £1.312m, ie 0.25p/share

A good start, but as you say: "They need to keep going..." Which I'm sure they will!

[spin doctor] 22/9/2020 21:23

Since buybacks began on 09/09/20, ~5M shares bought back.
That will have lifted the NAV by ~0.4%.

They need to keep going...

[skyship] 22/9/2020 21:00

22/09: 790k bought in @ 31.15p. Highest price paid 31.30p

[spectoacc] 21/9/2020 19:45

Cheap buybacks first, then the higher share price ;) In fairness, they seem to be doing a good job of it so far. Assuming, that is, that they don't run out of firepower when we're at the high point of Covid.

[nickrl] 21/9/2020 19:21

llef likewise!!

[llef] 21/9/2020 19:05

bit of a paradox really: i want the share price to remain low so that buybacks happen at the best possible price, but i also want teh share price to rise so that my holdings are worth more!

[skyship] 21/9/2020 18:59

21/09: 740k bought in @ 31.62p. Highest price paid 31.75p

[skyship] 19/9/2020 11:57

Thnx both of you. We didn't have those things when I worked as a broker; and the procedure had rather passed me by...

[hindsight] 19/9/2020 10:01

All auction trades are real, limit order on book will fill if limit price hit in auction

[skyship] 19/9/2020 08:34

18/09: 54k bought in @ 31.81p. Highest price paid 31.90p.

CC - Options expiry? How does that work?

I do see that every listed company has a large UT trade at 16:35.

Presumably no actual stock changing hands.....

[cc2014] 18/9/2020 17:22

Large trade is options expiry. Triple witching today

[skyship] 18/9/2020 17:00

& @ 31.40p - indeed, hoping that was a buyback...

[rthak] 18/9/2020 16:53

10.6m share trade just gone through. Do we think that's a buyback? I guess we will find out shortly...

[skyship] 18/9/2020 07:43

Indeed, thnx EI. Have posted over on the CP+ thread, with acknowledgement.

[spectoacc] 18/9/2020 07:25

Interesting, thanks.

"This will stop recent momentum in negotiations of rent deferment plans."

[essentialinvestor] 18/9/2020 07:11

Fitch Ratings sector comment:

[skyship] 17/9/2020 17:31

17/09: 264k bought in @ 32.04p. Highest price paid 32.45p.

[spectoacc] 17/9/2020 14:50

They sold on 13th Aug at about 34p I think, so can at least be claiming to be buying back lower. However - curious that they can buy 1m+ shares, and the buyback average say half a million a day - so who's selling?

[skyship] 17/9/2020 14:45

Agreed - bizarre. No Skinny, nothing to do with the buybacks - genuinely upped their stake by 1.2m shares!

[skinny] 17/9/2020 14:30

Let's hope the latter! :-)

[spectoacc] 17/9/2020 14:26

Logic says yes, reporting that they've been pushed over a 1% threshold. But... this RNS says they have 72.309m shares, last Holdings RNS was 71.1m.

So not only is the buyback not mopping up Investec's holding, they're seemingly adding.

Could either be that they've had decent fund inflows (unlikely!) and are adding proportionately, or that they've seen the light.