@EI yield is pathetic not sure why anyone bothers with it and doesn't shift their holdings to other REITs. |
Not a single post following the FY results may indicate a lack of interest among PI's.
The sub wider sector yield a large factor at a guess. |
23.8M TRADE |
Well I referenced Gilts in the post and
since then price action is ugly with yields blowing out. |
Yield remains very low, so a lot depends on the Gilts market. |
Sold a few. Hopefully can add those back on a down day. |
Any views on the update?, steady as she goes.. |
Norges potential interest from Telegraph |
About time! |
We may be moving in to a new higher trading range, lovely. |
Today's announcement was an open secret. Hopefully the small lot disposals will continue. |
Nick, they have acquisitions in the pipeline, so paying a higher level of dividend now not on the cards - all be it the divi should rise nicely over the next few years.
Clear medium term upside, barring something leftfield. |
It is good update plenty of free cash need to up the divi as the current yield is lousy |
Rodd, take the point, however this also coincided eith a sharp transition to a post ZIRP environment. |
Wonderful update today, however, it overlooks the share price demolition post-merger
At current levels, I think it is a “buy”, just. |
Quality hold |
Acquisition of a further chunk of Covent Garden may be announced this week?. |
I hope it continues. I've lost a packet on these over the years!! |
Recovery well underway |
It's rammed 7 days a week tbf, but yes
was surprised at the extent when there earlier this week. |
Covent Garden rammed on Monday |
Thanks for the view, yield 4.2% on their last update so it has moved out.
I would disagree with a lack of liquidity for asset sales in their geographic area,
there is a long history of selling off parcels of the portfolio.
The current discount to NAV allows for a lot, however if wider equity markets do take a hit this autumn
then agree there is likely downside. |
Highly unlikely, their initial yields are so low that they can’t afford to finance themselves and a bad time to sell assets to pay down debt as Central London is illiquid for the low yielding properties they own. Little organic growth to come from rents, no catalyst for values to increase. More than likely a major downside. |
Is £1.80 plus a share realistic within the next 5 years?.
An autumn dip may provide a nice longer term entry. |
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