Sirius Real Estate Ld Share Discussion Threads

[topvest] 05/6/2015 09:56

Well I thing the acquisition and placing are good news. I don't really want more of these anyway. Looking them to deleverage and become a strong capital and income play which is what is happening. I'm now in profit which is good.

[blackpoolsteve] 05/6/2015 08:12

Small investors own only a small portion of the company. Institutions such as SA Karoo and others own the majority,hence easier to let them absorb the placing.

I agree not fair,but thats the real world. On the positive side,the Booard are delivering, and "gaining momentum",which should benefit all long term shareholders. Comparisons with bodged boards IERE and ALPH are in direct contract.
Hope this sugars the bill,
Regards, Steve

[glavey] 05/6/2015 03:46

Second placing in circa 6 months with nothing generally available for existing shareholders. One is unfortunate, two seems like carelessness.

The company should be working for all shareholders not just personal favourites. A small open offer for those who have not been given opportunity to participate is warranted and not that difficult. I don't find it savoury to expect existing holders to buy in the market to avoid dilution and thus hand a quick profit to placees.

[4spiel] 22/5/2015 11:17

Good results. Increased dividend. lower borrowings. Keep some!

[blackpoolsteve] 15/2/2015 19:26

I bought in sterling,and this is converted from euros at the time you deal.Euro is a worry,but properties are in Germany and Institutions are on board;so with increased divi looks a reasonable growth play.

[netcurtains] 15/2/2015 09:31

I'm interested in the currency angle.
Do we buy these in Euros and as such is that at a 14% discount to 2 weeks ago?
Are we expecting the EURO to rise or fall short term from here?

[blackpoolsteve] 28/12/2014 21:25

Merry Christmas everybody,

Does anyone have any idea how many institutions hold this company - percentage wise? I know of Kagoo (23%) F& C(reduced to under 3% I think), and Premiere A/M (8%) Annual Report doesnt appear to disclose?

Cheers,Steve

[stevenlondon3] 22/11/2014 13:34

I am trying to get a feel for the longer term dividend growth. Fnncap, their NOMAD,is forecasting 1.6p for 2014/15 and 1.8p for 2015/16 which equates to a prospective yield of 4.8%.

[topvest] 14/11/2014 17:34

Yes, all looking much better....about time. Still on quite a discount as well so not pricey!

[stevenlondon3] 14/11/2014 11:26

Interim dividend of .77 cents and NAV up 7% in the six months to 47.3c per share.

[stevenlondon3] 07/11/2014 12:19

Some large trades going through over the last couple of days.

[ibarty] 17/6/2014 02:02

In the webcast CEO mentioned prospective yield is 4.2% at 33c. On occupancy, from the commentary in the results a lot of this is property with limited economic value unless refurbished. They are addressing this through disposals and the 9m Capex programme

[blackpoolsteve] 16/6/2014 21:15

Agree with above positive comments. It appears that a lot of Institutional buying today,only disappointment is the the occupancy rate of 75%
Overall very encouraging with restored dividends

[topvest] 16/6/2014 20:01

Yes, all looks much more encouraging. With 2.7c earnings and a 65% pay out ratio we could be looking at a 1.8c payout next year. A 5% prospective yield?

[stephanie_m] 16/6/2014 09:09

Dividends restored

FinnCap appointed joint broker.
Interesting!

[sammy_smith] 16/6/2014 08:49

Listen: Andrew Coombs, CEO, Sirius Real Estate (SRE)
Full year results to 31 March 2014

Click the link below to listen

[ibarty] 16/6/2014 07:52

they even have a webcast uploaded as well. Does seem quite attractive play to me

[stephanie_m] 16/6/2014 00:05

Results in the morning. Interesting!

[blackpoolsteve] 10/4/2014 09:35

Agree. Compared with other dogs such as ALPH,which is ramped a lot,but NAV declines regularly ;it is much more encouraging.

Long term prospects for capital growth look ok,with big discount to assets. Only downside is the euro,but at least its in Germany and not in the PIGS

[topvest] 09/4/2014 21:17

All looking more positive here at last.

[sammy_smith] 09/4/2014 15:29

LISTEN: Sirius Real Estate (SRE) - Trading update

Click here to listen

[sammy_smith] 26/3/2014 16:30

LISTEN: Sirius Real Estate (SRE) - Financing and corporate update

Click the link to listen

[praipus] 06/12/2013 10:21

Your not alone Weiss have ditched their holding seemingly on the news.

[jeff h] 06/12/2013 00:48

Yes, I agree topvest.

I started reading the equity raising RNS and thought "oh good" when it mentioned, additional equity would be offered to existing holders but then hopes dashed when I realised it was only for the big boys.

I routinely vote my shares in all my holdings against any "disapply pre-emptive rights" AGM resolutions - not that it makes any difference!

[blackpoolsteve] 05/12/2013 21:29

I agree with your comments Topvest - problem is these Institutions own the majority of shares as IERE and TRV.

Both look interesting NAV plays if you wnt to check out.

Regards,Steve