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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sirius Real Estate Ld | SRE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.80 | -0.84% | 94.50 | 14:26:39 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 95.45 | 94.30 | 95.65 | 95.30 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Top Posts |
|---|
Posted at 20/11/2021 07:52 by glavey "or does the way it was carried out just pay lip service to the Private Investor and benefit Institutions" (and their personal books) might be a fair interpretation."i managed get get around 1600 shares on the primary bid - scaled back from around 2000." In which case you seem to have been lucky as someone else wrote: "Got allocated less than one quarter of PrimaryBid placing" That said, it would now seem likely to be a precursor (prerequisite? lubrication?) for the €300m debt issue just RNS'd, which may explain the rush (or need for expediency, if you prefer). |
Posted at 16/11/2021 11:37 by greenslug Hi all,Did anyone manage to subscribe to the Retail Offer via Primary Bid? I already had an account with Primary so downloaded the App expecting to be able find details and subscribe, but couldn't find anything and have now been told I missed the boat. Was there really an oportunity for the Private Investor to take part? or does the way it was carried out just pay lip service to the Private Investor and benefit Institutions. I know they were going to try to raise £135m, anyone know what price the Offer was at and how much dilution those unable to take part will have suffered? |
Posted at 16/9/2019 09:21 by davebowler Funds managed by Blackstone have agreed an all-cash transaction to acquire all of Dream Global REIT's assets and subsidiaries for CAD $6.2bn. The price represents a 9.1% premium to the June 2019 EPRA NAV.Dream Global REIT owns a portfolio of predominantly multi-tenanted office properties with a value of c.€4bn at 30 June 2019. The majority of the portfolio is located in the Top 7 German cities. The portfolio has a vacancy rate of 7.3%, a net initial yield of 4.7% and a weighted average unexpired lease term of 4.8 years. Liberum view The acquisition highlights the strength of investment demand for German commercial property. Total investment volumes for commercial properties in Germany totaled €24bn in H1 2019. This was slightly down on the prior year although is mainly due to a shortage of supply. Investor demand remains high due to positive market fundamentals. Yields for city fringe and secondary locations continue to compress due to a lack of supply of investment properties. In our view, the transaction illustrates the value offer by Summit Properties (40.3% discount to NAV) given the portfolio similarities. .................... According to this ; the Summit portfolio, in contrast to Dream, has a vacancy rate of 7.3%, a net yield of 5.4% (end 2018) and a weighted average unexpired lease term of 10 years.Bit similar but better. |
Posted at 21/8/2019 10:53 by hpcg Well a Euro based investor could always plump for a 30 year 0 coupon instead. |
Posted at 25/6/2019 14:06 by davebowler Just posted this on PSDLMiton Global Opportunities plc Berlin – a microcosm for political polarity June 2019 Berlin Residential Property has long been a theme in our portfolio however the developments of the past few weeks in the city have taken many by surprise. Anti-landlord rhetoric has been building for some time as rents have risen dramatically in the city but from an extraordinarily low base. Even today rents remain lower than any other major German city except Leipzig and are substantially lower than those in Munich. Despite this, there are many Berliner’s who yearn for the halcyon days of the 1990’s where rents were practically zero and there were a limited number of people moving to the city. They have been putting increasing pressure on the Berlin’s very left-wing coalition to step in. This culminated in June when it was announced that the local government were going to freeze rents for five years. Rent control would be a Federal, rather than Berlin, decision and the rest of Germany is unlikely to have much sympathy, nevertheless, the proposal will end up in the constitutional court and that will be a slow process leaving uncertainty to overshadow the market. Furthermore, it will not solve Berlin’s major issue; a housing shortage. As rents currently stand it is not economical to build new so there is very little supply coming on line whereas rising demand in the city is unlikely to abate. With rents capped this will not reverse, further exacerbating the problem. A good parallel would be Stockholm where similar regulation is already in place. As a result, there are very few properties on the rental market and any potential renters are compelled to buy. This increased the price of a property by three times and the wait for a rental apartment is now between nine and twenty years. We are hoping cool heads prevail in Berlin and they will not make a similar mistake as a continuation of such policies would result in a housing crisis. We believe that Phoenix Spree Deutschland (PSDL) remains a good investment and the de-rating of the shares are overdone. Rent roll is the key factor within their valuation methodology and although a rent freeze would not allow the trust to exploit the reversionary potential in the portfolio, it does mean the NAV is unlikely to fall. We predict that with the difficulties in the rental market, PSDL is likely to shift their business model into splitting up and selling off their assets into the private market. They have permissions to do this for around 60% of the portfolio which is likely to trigger a significant uplift. On the other hand, the other part of the portfolio is now very much stuck under the dead hand of regulation and we think it will be difficult to get permissions to convert the rest but management could develop their model from long-term leases to shorter, furnished leases, an area not subject to the same level of regulation. It would be reasonable to assume that given uncertainty combined with the adoption of an unproven model, that the market will place PSDL on a discount especially as uncertainty is more damaging to share prices than confirmed bad news which can then be priced in. Nevertheless, it should be remembered that PSDL shares had been de-rating for 18 months and that the trust owns scarce assets. This episode highlights that increasingly investors will have to face political uncertainty as the face of the politics in many areas of the world undergoes a dramatic shift. Populism has gradually been on the rise and established political parties are under increasing pressure from insurgent parties on both the extreme right and left. Many political certainties now lie in the past. Regards, Nick Greenwood Portfolio Manager |
Posted at 03/5/2019 08:15 by tomps2 Interesting investor presentation on the German commercial real estate market, in which SRE invests, by the CEO Andrew Coombs. Given at the May ShareSoc London event.hxxps://www.piworld. |
Posted at 07/4/2019 12:30 by sharesoc Sirius present at our London growth company seminar on Wednesday which may be of interest to current shareholders and potential investors |
Posted at 28/3/2019 12:48 by sharesoc Sirius present at our London growth company seminar on the 10th April which may be of interest to current shareholders and potential investors |
Posted at 28/11/2017 11:12 by jeff h Peel Hunt backs Sirius Real Estate after interimsReal estate investment trust (Reit) Sirius Real Estate (SRE) has posted ‘strong numbers’ in its interim results and investors have nothing to worry about from a ‘temporary cash drag’, says Peel Hunt. Analyst Matthew Saperia retained his ‘buy’ recommendation and increased his target price from 60p to 68p after a 7.8% rise in net asset value per share in the first half and a 12% hike to the dividend. ‘Sirius has reported another set of strong numbers, with an accounting return over the period of 10.4% and shareholders are rewarded with a 12% increase in the interim dividend to 1.56 euro cents per share,’ he said. ‘Good progress has been made on recycling sales proceeds, with €166.7 million of acquisitions now complete, notarised, or in exclusivity.’ He added that the ‘temporary cash drag from timing differences in capital recycling is manageable’ and the potential earnings and value accretion from recent acquisitions were an ‘exciting prospect’. ‘Shares deserve their c.3% premium to our revised March 2019 net asset value per share forecast of 69.1 cents given 4.6% prospective yield,’ added Saperia. The shares edged a quarter of a penny lower to 64p yesterday |
Posted at 09/6/2015 18:36 by glavey "Small investors own only a small portion of the company."Really that should be written as 'small investors each own only a small portion of the company' for obvious reasons. Bear in mind it's a capital raise for aquisition, as was the previous one. Together they diluted existing (excluded, non participating) shareholders by appx. 40%. Opportunity timing issues necessitated a quick placing I accept. But it would be nice to see an open offer for those left out. "Well I thing (sic) the acquisition and placing are good news." I don't disagree. "I don't really want more of these anyway." That's the point of an open offer - those who would like to subscribe can, those that don't can pass. The problem with private placings to 'favourites' is that those favourites start to wag the dog. As an aside, how many holders in nominee a/cs have been given the opportunity to participate in the scrip dividend? Anyone? |
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