The demand is still hot so they'll let it My concern is their assumed build costs look light and need further comfort that they can actually build - mainly power requirements |
This isn't the thread for it Oxford Tech Park is excellent; the London offices (sorry labs ;) - not so good |
 SpectoAcc,
You're right about LABS spiking and then falling back but I don't think I was conned about clearing the seller.
The market maker operating for the seller had been killing that stock for months, dribbling the stock out so it fell every week.
When I organised a group to take him out at 33.7p, the selling did disappear and the stock stopped dropping every week. I think a few in the group must have flipped the stock (as is their right) but at least LABS has established a floor now. I also think the market maker might have held a couple of million shares back for himself, knowing the overhang was gone. I didn't sell any.
With SOHO, I took virtually all the stock myself at 57p and won't be selling any as I'm looking for much higher as a long term investment. As we've seen with EBOX, you can never know when a bidder approaches the company, and it's not as if we're not getting paid well to wait with a 9.5% divi.
I see the price in SOHO has spiked a little after my tweet today. The seller had been very strict about not supplying any stock below 57p (where I've been buying for some time) so wasn't killing it as was the case with LABS. When I first started buying SOHO, it was 61p but I've had 1.365p div since then, so i guess that translates to the "spike" price today.
I think both shares will do very well but I'm probably more concerned about the risk with LABS if they can't easily let out Oxford Technology Park when complete. |
Labs, seriously |
Lol fair point. |
Let's not forget that in the not exactly brilliant world of UK investment trusts Tripple Point are clearly the most incompetent - I accept they aren't fraudsters so in the assisted living space there's worse But not being a fraudster shouldn't be sufficient qualification |
Yeah - I'm still mulling a position in LABS - best to buy when the spike fades |
Tracey Fletcher-Ray is the senior independent Non Exec at Tripple Point I wrote to her a few weeks ago with my concerns that this is a sitting duck for a cheap takeover and thus the external manager needs to be changed (they've lost TENT and are losing DGI9) Atrato (manger of SUPR) have a social/assisted housing platform, key thing is that we get somebody in with both experience and market confidence The alternative to a PE takeover (cheaply of course) is a wind down - but of course we all need somewhere to put the profits of our other wind ups into - and this should be an excellent place for that |
We need to get rid of Tripple Point else this will go cheaply to PE |
Similar con happened over at LABS - spiked then tanked back to where it was. Just sayin'. |
@WShak1
I think I cleared the major seller in #SOHO today.
I've been buying steadily when funds allowed, got a call today asking if I would take a large chunk as a clear-out trade. |
I'm also putting some ebox here Would be nice to find a more permanent home :) |
It's too cheap Just needs someone to grab the nettle and restructure leases Even with that we ought to get to a just covered or only slightly uncovered divi (which means no cut given the balance sheet ) New management and some asset management with a little kitchen sinking and this should re-rate I'm more keen now in getting long term high yielders given the number of break up plays I've got - would be a shame if this is taken out - especially as would be taken out cheaply |
50% discount to NAV. |
9.48% yield on that! |
57.6p paid. Just recycling some ebox profits. |
Change of manager would really help To be fair to Tripple Point they aren't fraudsters; but that's a pretty low bar to clear, and with DGI9 they've lost all market confidence Get Atrioto in who have a social/assisted housing platform in to manage it |
It may be a snail's pace, but it may end up being a fairly juicy snail when it eventually lands on our plate. |
The update shows we are moving in the right direction, but it is at a snail's pace. |
Indeed. And most amusing of all - EBOX only up 1%. ASLI is up more.
(Granted, the EBOX move happened yesterday and when the rumours first emerged a few weeks ago). |
CSH was the read across that also didn't really read across |
Every REIT investor calling a read-across, from a possible bid (price/discount to NAV unknown) for a Euro warehouse co :)
There was barely any read-across when UK REITs were getting picked off (LXI, CTPT, UKCM, nearly API..). |
Whats the read across? |
EBOX takeover. Read across ? |
If you don't 'believe', then probably better if U don't invest here? |
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