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Share Name Share Symbol Market Type Share ISIN Share Description
Secure Income Reit Plc LSE:SIR London Ordinary Share GB00BLMQ9L68 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  1.50 0.51% 294.00 352,005 16:35:02
Bid Price Offer Price High Price Low Price Open Price
292.50 293.00 299.50 290.00 299.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 132.68 154.50 47.50 6.2 953
Last Trade Time Trade Type Trade Size Trade Price Currency
16:54:53 O 2,335 293.00 GBX

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Secure Income Reit Forums and Chat

Date Time Title Posts
28/11/202018:54Secure Income REIT136
24/6/202014:15The bull view1
19/4/201811:01SIRIUS RESOURCES NL -- TO NOVA AND BEYOND30
02/5/200716:58Sirius Financial Solutions - with charts4
03/4/200708:40SIRIUS FINANCIAL SOLUTIONS68

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DateSubject
28/11/2020
08:20
Secure Income Reit Daily Update: Secure Income Reit Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker SIR. The last closing price for Secure Income Reit was 292.50p.
Secure Income Reit Plc has a 4 week average price of 238p and a 12 week average price of 236.50p.
The 1 year high share price is 476p while the 1 year low share price is currently 180p.
There are currently 324,035,146 shares in issue and the average daily traded volume is 928,330 shares. The market capitalisation of Secure Income Reit Plc is £952,663,329.24.
28/11/2020
18:54
pyufak: Yes; well it might even be argued that the leisure businesses may hopefully get a bit of a post Covid boost for a year or two as people catch up. The biggest question I have is regarding the substantial cash pile. If we think SIR looks good value; management saying the same and that the leisure assets are 50% cheap to book valuation; with TraveLodge sites supported by bids (Sept presentation and Oct press release, 290p share price used for calc)... surely it makes sense they put some of their cash pile to work buying back shares. They’ve said previously they’re keeping the cash for opportunities ... buying 66% of my existing portfolio at a 50% discount with 3 vaccines on the way sounds pretty appealing to me from most stakeholders perspectives.
28/11/2020
13:53
adae: Can imagine most of Alton Towers business is done in summer, and vaccine should have taken effect by then. Does feel like SIR should be nearer £3.50, itself a pound off pre-Covid levels.
28/11/2020
13:23
pyufak: Vaccine a massive positive for me with this one. The most recent presentation broke down the investment case incredibly well. Assuming flat valuation for the hospitals (which I think fair given the backdrop) then off the current share price you're buying the leisure portfolio @ 50% discount which looks attractive given the news flow since the presenation
24/11/2020
12:16
bondholder: SIR lagging behind the market today. Suspect most have not read through the positive valuation effect on Merlin/Travelodge. No reason for these to stay below 350 for long.
05/11/2020
13:27
belgraviaboy: SIR has been popular the last few days.... Long may it last
23/10/2020
20:53
rambutan2: The eminent Peter Spiller says: Within the risk asset portfolio, the period was dominated by an unusual number of large primary and secondary placings. This activity was concentrated in alternative property (“sheds and beds”) and renewable infrastructure. Earlier in this report we lay out some of our thinking as to attractions of these types of assets. The single most exciting secondary placing was in Secure Income REIT plc (SIR) which occurred in July. Notwithstanding the name, this vehicle has had a torrid crisis due to its position as a major landlord to, amongst other tenants, Travelodge and Merlin Enter- tainments (Legoland, Alton Towers, Warwick Castle etc). These underlying tenants have experienced severe short term impacts from the Covid crisis. This challenging backdrop was exacerbated by a weak market dynamic as a large institution, widely considered to be a forced seller, struggled to build a book in a secondary placing process. Unsurprisingly the share price was very weak. (Me, just a reminder. Invesco were the seller of an 8.95% stake on 15-16/07 and everything went through at between 255 and 256p) So what is it about this opportunity that is attractive? Firstly an excellent management team who we trust to guide SIR through the Covid crisis. Secondly, a port- folio containing irreplaceable and strategically valuable properties. Thirdly, and most importantly, compelling value. The Company acquired its holding at a price barely higher than the combined value of SIR’s cash and its portfolio of private hospitals (which are trading extremely well). We are always excited to find opportunities with significant upside if we are lucky and limited downside if we are wrong. This holding is now the second largest in the property portfolio and is a top ten equity holding. htTp://www.cgasset.com/~/media/Files/C/CGAM/Monthly%20Factsheets/September%202020%20Q3/CGT%20-%20Quarterly%20-%20Sept%202020.pdf
10/9/2020
10:07
adae: Thought something might have happened before now but as you say, 2 more months, and even if nothing happens, current price prices in a lot with that 386 pence EPRA. Yield, moderate safety, gap to NAV, possible upside on Travelodge sites.
10/9/2020
09:08
belgraviaboy: Wading through the results. Interesting to note SIR opted not to extend the Travelodge leases which would have voided the break option. Be interesting to see what happens over the next two months....
11/6/2020
10:48
jimbo3352: Questor in today's Telegraph recommends as a hold saying share price fall looks overdone
01/5/2020
10:01
2sporrans: SIR's rent comes in the great main from just 3 Tenants; about 87% comes from: Merlin Entertainments Limited ~31% Ramsay Health Care Limited ~30% Travelodge Hotels Limited ~26% Clearly Merlin is under the cosh as is Travelodge and some of the lesser tenants. This statement from Merlin, though 4 weeks ago, is well worth a read: https://tinyurl.com/y77hh9y6 Ramsey should bear up ok; enough to keep up the rents, though it too is on reduced fee earning business and forward guidence on hold: https://tinyurl.com/y9wmfjkb Travelodge still operating a skeleton service Guess a lot will depend upon extent/continuity of Gov't support: https://tinyurl.com/ydbv98ae So all in all pretty grim on the rental prospects going forward. For how long is the main issue and great unknown. SIR has over £200mn of 'headroom' thanks to cash reserve and has credit lines it can tap for more but guess the divi could well take a haircut in Q2, Q3....maybe Q4 into 2021.... 280p share price equates to 6% yield if the 4.2p/qtr divi holds.
Secure Income Reit share price data is direct from the London Stock Exchange
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