Shaftesbury Capital Share Discussion Threads

[phillis] 21/3/2024 15:25

About time!

[essentialinvestor] 21/3/2024 14:38

We may be moving in to a new higher trading range, lovely.

[essentialinvestor] 11/3/2024 22:37

Today's announcement was an open secret. Hopefully the small lot disposals will continue.

[essentialinvestor] 01/3/2024 08:26

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.

[nickrl] 29/2/2024 22:29

It is good update plenty of free cash need to up the divi as the current yield is lousy

[essentialinvestor] 29/2/2024 12:58

Rodd, take the point, however this also coincided eith a sharp transition to a post ZIRP environment.

[roddyb] 29/2/2024 09:18

Wonderful update today, however, it overlooks the share price demolition post-merger

At current levels, I think it is a “buy”, just.

[phillis] 29/2/2024 08:44

Quality hold

[essentialinvestor] 28/11/2023 13:18

Acquisition of a further chunk of Covent Garden may be announced this week?.

[mansell59] 27/11/2023 15:23

I hope it continues. I've lost a packet on these over the years!!

[phillis] 27/11/2023 10:11

Recovery well underway

[essentialinvestor] 02/11/2023 12:58

It's rammed 7 days a week tbf, but yes
was surprised at the extent when there earlier this week.

[phillis] 02/11/2023 11:11

Covent Garden rammed on Monday

[essentialinvestor] 20/9/2023 19:20

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.

[capitalhouse19] 19/9/2023 22:00

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.

[essentialinvestor] 11/9/2023 17:26

Is £1.80 plus a share realistic within the next 5 years?.
An autumn dip may provide a nice longer term entry.

[essentialinvestor] 26/8/2023 13:50

Nick, yes exactly. Any divided income is an added bonus for me.

[nickrl] 26/8/2023 13:42

@EI both on lousy yields though i guess your rationale is capital gain and possible takeout. Certainly both interims were favourable.

[essentialinvestor] 26/8/2023 12:10

Nick, unfortunately still in the background.


I'm not seeing much in the sector to tempt me to ATM,
if markets sell off into autumn then SHC and GPE.

[nickrl] 25/8/2023 22:04

maybe.......

but i sorely hope not

[essentialinvestor] 25/8/2023 11:38

Added a small amount.

If equity markets see renewed weakness this autumn SHC may be available
near or under £1 again. Longer term looks very strong barring some left field
calamity such as another pandemic.

[essentialinvestor] 06/8/2023 12:51

Up in Soho yesterday for the first time in an age and absolutely packed with people.
Loads of tourists.

[essentialinvestor] 04/8/2023 18:48

Added a small amount on Thursday fwiw,
if markets sell off again then lower levels
very likely to be available. Medium term unless we are hit by something left field like
another pandemic, SHC should do nicely on a 3-5 year view.

[hindsight] 03/8/2023 15:29

nickrl, yes the debt cost at new rates vs income will hurt a bit. But yield and rarity tend to correlate. For instance if take assets that expect to hold real value then have gold at slight negative yield, farmland 1.5%, index linked gilts 1.0%. Personally added some bcpt on its recent dip