Disappointed no more buy-back, and not particularly clear what they're going to do with the third of the £31m that isn't needed for working capital/restricted.
MySpace also seem like toast, tho Parasol paying monthly.
But a covered divi, some strong rental increases coming, and SOHO continues as a cash cow.
Feels like we get the yield until something gives - more disposals, corporate action, shareholder action. |
Very pleasing; venison and a good Bordeaux can't be beaten |
At least you had a decent lunch then... |
Went to take some profit but alas lunch ended after the markets closed |
Good to see just north of 60p again here. I'm not sure how sticky >60p will be though in this market. |
Do think that there is some merit in SOHO buying some of the better properties being sold by HOME and repurposing them for its own market.A tad better than another buyback I think. |
Glad to have locked in 10%+ dividend yield at recent bargain prioes. Chunky quarterly payment always very helpful too. |
Still well oversold here as soon as my space rent agreements are concluded parasol has already got a agreement in place and my space is getting there there should be a decent recovery . |
Hoping to see 60p again here. Peak base rate can only help, next move will be a 0.25% cut. |
Can we keep the brexit warrior stuff of here. Its supposed to be a board about SOHO |
Wskill
The UK thankfully is not in Europe.
The UK economy is doing far better than most of the EU.
I note that the Epi Centre of the whole failed project, Germany, is in dire states . The windmill warriors beloved Siemens wanting 16 billion off its government to stop it going bankrupt!
Of course Germany won't be allowed to bail out Siemens because that would be illegal under EU law .
A National Government bailing out its Industries.
We are about to see the Sanctimonious Europhiles in full hypocritical mode
SS |
No rise in Euro rates today will help the high Yielders UK would have to be demented to raise rates now with recession in Europe . |
At 30.6 LTV was 36% |
Do they have a lot of debt to service ? What's their gearing like ? |
Very odd to see todays strength with all other REITS negative |
Yep the big red flag was when HOME didn't appear to know what the EPC of their assets was and that anyone would refurbish to below C - which of course showed that most of the refurbishments hadn't actually happened and as we now know the money for refurbs was instead used to pay rent |
On the latest impact report for SOHO 71% of homes have an EPC of C or higher and target is 80% ,30% of homes are new builds with SOHO more like CSH than HOME. |
No clue but welcome The bar is pretty low for SOHO after HOME - just have to show they aren't actually fraudulent |
Nice to see a good day at SOHO. Anyone know why, there's no RNS that I can see? |
Do they have to update when its less than 5% . |
PRS reported strong results and 99% rent collection. Not directly related but may explain the rise here. The Chief Investment Officer has spent £500k+ on shares in the last year or so which gives some comfort. |
Either the Blackrock fund manager is out of the office for a couple of days or possibly he has been given a reason to back off. |
Respectable UT at 52p. If it wasn't for the fact we've been here umpteen times before-and been disappointed-I'd tentatively have hoped we'd turned the corner. Thankfully I know better :-) |
Likewise the 66p bid of 8 weeks ago was unexpected. You would have though war had broken out. |
At one point I hadn't expected to think that 50p on the bid would be a red letter day! |
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