Schroder Real Estate Inv... Share Discussion Threads

[essentialinvestor] 01/4/2021 15:12

I've bought back in today, small amount.

No great conviction, other than I'm seeing very little decent risk/reward
elsewhere given the fat % gains since mid November.

Hoping for some market volatility over the next few months.

[spectoacc] 01/4/2021 10:38

Hadn't thought (nor heard about) the negative balance protection. Per usual with regulation, having the opposite effect - instead of being better for (most) consumers, now most can't really trade at all.

IG seem to be in a mess - first whacking up comms, then removing a load of stocks altogether. I'm sure they'd be delighted if everyone was just punting Forex & crypto.

Back OT - surprising the SREI buyback doesn't stop it from drifting. Where would it be without it? Still looks great value to me.

[cc2014] 01/4/2021 07:28

It's about a 1000 instruments IG have to their 100% margin list.

IG used to be a bucket shop so that didn't require margin at their prime brokers as they didn't hedge the trades. 95% lost, 4% short term winners were good advertising and the 1% persistent winneres bets were refused.

Over time they have been forced by regulation (and their market size) to become closer to a conventional broker. It's my view it's the customer negative balance protection (you can't lose more than your pot) has partically triggered this decision as now they have additional costs (and presumably their prime broker sees they are carrying more risk). If they hedge your trade but it gaps excessively they lose money due to negative customer balance protection.

Note margin trading is still available to IG clients with professional status where negative balance protection is signed away.

[essentialinvestor] 31/3/2021 18:22

I don't have a spread betting account so was unaware of this,
thanks for the info.

Would tend to view BCPT further out on the risk scale than BREI/ SREI or SLI,
as indicated by their wider NAV discount.

[hindsight] 31/3/2021 18:00

They are doing the same on a long list of trusts ie FCIT. They claim they are not making enough money on finacing now they have to post primes more capital. Would have thought the answer was to increase finacing charges, but what do I know

[skyship] 31/3/2021 17:28

Totally bizarre. Can someone ask them? BCPT I can partially understand due to their large London retail holdings; but all in the price in any event. SREI though - doesn't make any sense whatsoever!?

[essentialinvestor] 31/3/2021 16:08

When was that notification?, thanks.

[theprovosts] 31/3/2021 14:37

I wonder why IG Markets Prime Broker (UBS, I believe), have decided clients can no longer hold two of the largest discount REIT's (SREI, BCPT), on margin anymore? Forcing some fairly large positions to unwind within a month of notifying. Makes you wonder if there trying to pick things up themselves on the cheap? /thinking

[essentialinvestor] 31/3/2021 14:06

Price capped around the 40 pence mark?, any view appreciated, thanks.

[skyship] 30/3/2021 20:08

ppceh - see the more recent dividend announcement. You now need to use 4 x 0.625p, ie 2.50p/annum. Ergo @ 40p the yield = 6.25%.

[frazboy] 30/3/2021 16:14

"The Company announces an interim dividend of 0.625 pps for the period 1 October 2020 to 31 December 2020. This equates to a 9% increase compared with the prior quarter’s dividend level and reflects progress with rent collection, asset management, acquisitions and share repurchases. This dividend level is anticipated to be fully covered by recurring net income, with further net income growth potential from asset management and further new investment. The dividend will continue to be reviewed by the Board targeting a sustainable and progressive dividend policy"

[ppceh] 30/3/2021 14:47

Skyship

Dividend is 2.3p so 5.75p yield?

[skyship] 30/3/2021 06:49

On 6th April last year we had a "Company & Dividend Update". Wonder whether we will still have that.

In the meantime today's lettings update serves to underline the ongoing good value here. At 40p the discount is 32% and the yield 6.25%; this whilst buybacks continue apace.

[spectoacc] 30/3/2021 06:27

Industrial has never been hotter.

[playful] 30/3/2021 06:10

Happy with today’s update

[skyship] 26/3/2021 17:51

26/03 - BUYBACKS - 130k @ 39.97p (39.90p - 40.00p)

[skyship] 26/3/2021 07:26

25/03 - BUYBACKS - 197k @ 39.83p (39.60p - 40.10p)

[skyship] 23/3/2021 20:45

Pleased to see them hold up...& off the low. If they hold tomorrow, then likely to recover above the 40p threshold.

[skyship] 23/3/2021 20:43

23/03 - BUYBACKS - 332k @ 39.86p (39.60p - 40.15p)

[hugepants] 23/3/2021 13:26

now on a 32% discount to NAV and a 6.3% yield.

[skyship] 23/3/2021 13:20

I too would have expected the 40p level to have held. Won't be adding as already fully loaded; and technically the break down through that 40p level suggests 36p/38p could be on the cards.

[spectoacc] 23/3/2021 11:53

Surprised the buyback isn't keeping it above 40p still, but the latest Covid wobbles can't be helping - slower UK vaccination, new lockdowns in Europe etc.

[flyer61] 23/3/2021 08:54

Thinking SKYSHIP maybe a short term trade here if I can get in around the 39p mark...

[skyship] 23/3/2021 07:53

22/03 - BUYBACKS - 322k @ 40.28p (39.7p - 41.7p)

[skyship] 21/3/2021 13:11

CC - thnx again...