Standard Life Investment... Share Chat (SLI)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Standard Life Investments Property Income Trust Ld	LSE:SLI	London	Ordinary Share	GB0033875286	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.10	-0.11%	88.10	87.80	88.30	88.40	87.80	87.80	550,322	16:35:11

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment & Services	27.8	30.9	7.7	11.5	357

Standard Life Investment... Share Discussion Threads

Showing 301 to 322 of 325 messages

Chat Pages: 13 12 11 10 9 8 7 6 5 4 3 2 Older

Date	Subject	Author	Discuss
25/10/2019 14:20	Supportive article in DT today though it didn't mention that some divi subject to tax deduction. OK if in ISA and can be claimed back.	r4end	Read Full Thread Reply
28/8/2019 14:59	Unaudited Net Asset Value as at 30 June 2019 - HTTPS://uk.advfn.com/stock-market/london/standard-life-investment-SLI/share-news/Standard-LifeInvProp-Unaudited-Net-Asset-Value-as/80476877 Net asset value ("NAV") per ordinary share was 91.1p (Mar 19 - 91.1p), resulting in a NAV total return, including dividends, of 1.3% for Q2 2019... The portfolio valuation (before CAPEX) increased by 0.3% on a like for like basis, whilst the IPD/MSCI Monthly Index dropped by 0.7% over the same period... Prudent LTV* of 23.4% at the quarter end, one of the lowest in the Company's peer group and the wider REIT sector... Investment outlook * Durable income will remain the key focus for investors in the current risk-off environment. It is highly unlikely that there will be any material change to the investment themes playing out in UK real estate market until more clarity is provided on the macroeconomic outlook. * Significant weight of capital targeting long secure income is supporting pricing at levels which are out of reach for most balanced funds, but remains supportive for liability-driven investors where inflation linked income in other assets classes does not match the required income yield. * The wide dispersion in returns at the sector level is expected to continue in the short term. This is driven by the structural shift into logistics and multi-let industrials to the detriment of retail.	speedsgh	Read Full Thread Reply
26/5/2019 10:03	Old taboos were Politics and Religion. New ones Boris and Brexit.	mam fach	Read Full Thread Reply
24/5/2019 09:02	Recently sold here (ex-div). Like this trust and they seem to know what they're doing but I think we are due for a return to a discount. (Current slight premium to NAV and pleased to see that the dividend is now covered (104%)). The Q1 update did spell out the management's view of near term prospects and it did give me pause for thought. Commercial/industrial property does seem the best place to be but the prospect of Boris as PM has me looking further afield.......REALLY !!! ....BORIS!!!!....what world do Telegraph readers live in??...I may have answered my own question. As someone once said "I'll be back".....perhaps.	pavey ark	Read Full Thread Reply
01/2/2019 17:57	from Unaudited Net Asset Value as at 31 December 2018... Investment outlook * Brexit-related uncertainty is reducing liquidity and visibility of pricing in most areas of the market. It is even now affecting the industrial sector after a very strong run of performance. The principal exception to this is assets with long, secure income streams, which remain highly sought after and in short supply. * We are conscious that many of the buyers of such properties are not focused on performance relative to the wider real estate market and have different targets, sometimes radically so. This is making assets let to annuity-grade covenants more challenging to access for investors with targets linked to real estate market returns. * If the change in momentum during the fourth quarter is sustained and we observe more distress and weaker liquidity in the market during the first quarter of 2019, it is likely that this will create some opportunities. Those with capital to invest may be able to access good-quality real estate at prices that are attractive in the long term. As ever, it is vitally important to assess asset-level risk and income prospects to identify such opportunities.	speedsgh	Read Full Thread Reply
01/2/2019 17:56	from Unaudited Net Asset Value as at 31 December 2018... Market commentary * UK economic growth has been fairly uneven this year. After a weak, weather-affected start to the year, third quarter growth was well above trend at 0.6%. However, this appears to be a temporary spike rather than a decisive strengthening of the economy, with indicators in the fourth quarter turning down sharply. * The ongoing uncertainty surrounding Brexit negotiations appears to be restraining business investment and household spending. With trend growth estimated to be lower, the output gap largely closed, and a relatively weak global backdrop, it is hard to see a substantial acceleration in economic growth. * Occupational markets continue to behave quite differently across sectors, with structural forces being the key drivers. The familiar pattern of falling retail rents, modest upticks in office rents and robust growth in industrials is little changed. The risk of more serious declines in the retail sector is palpable and clearly affecting investor sentiment. * The industrial sector continues to be the stand-out performer in the UK real estate market. Although IPD/MSCI data suggests that rental growth is beginning to moderate, with vacancy rates remaining exceptionally low and interest in available space healthy, the necessary drivers are still in place to support further rental growth for the sector. * The long-term structural challenges facing the retail sector are now beginning to be reflected in IPD/MSCI data. The outlook for retail tenants has become more challenging as time has gone on and this is now weighing on performance, with all forms of retail experiencing declining rental values. With few retailers, aside from the value operators, expanding and further distress in the sector widely anticipated, it is expected that this trend will continue through 2019. * Capital values declined in Q4 2018, according to the IPD/MSCI Monthly Index, with sharp declines in retail and slowing growth in the industrial sector. It is our observation that liquidity became increasingly impaired towards the end of the fourth quarter and that the number of buyers has thinned out across the market. * The listed sector has seen discounts to NAVs widen over the quarter, which in part reflects the wider equity market sell-off experienced over the fourth quarter, but it is also a function of slowing NAV growth rates in the second half of this year. The hierarchy of preferred sectors remains largely unchanged with industrials and income-focussed real estate stocks remaining the top picks, and ever wider discounts for retail specialists. Intu and Hammerson shares were down 55% and 40% respectively in 2018.	speedsgh	Read Full Thread Reply
01/2/2019 17:55	Unaudited Net Asset Value as at 31 December 2018 - HTTPS://uk.advfn.com/stock-market/london/standard-life-investment-propert-SLI/share-news/Standard-LifeInvProp-Net-Asset-Values/79152933 Key Highlights Solid Performance * Net asset value ("NAV") per ordinary share was 91.0p (Sep 18 - 91.4p), a fall of 0.4%, resulting in a NAV total return, including dividends, of 0.9% for Q4 2018; * The portfolio valuation (before CAPEX and transaction costs) increased by 0.7% on a like for like basis, whilst the IPD/MSCI Monthly Index dropped by 0.2% over the same period. Investment and letting activity * Purchase of a multi let office on the Hagley Road in Birmingham for GBP 23.75m, reflecting an initial yield of 7.6%. The building has an average lease length to earliest of break or expiry of 4.3 years with 30% of the income from the Government. * Sale of the Company's largest void unit, an industrial property in Oldham for GBP6.3m. The sale price was just under 13% above the valuation as at 30 June 2018. * Letting of the Company's largest vacancy, a logistics unit in Swadlincote. The 141,000sqft unit, which became vacant in July 2018, has been let at a rent of GBP813,000pa on a new five year lease subject to a lease break after the third year to a 3rd party logistics company. This represents a 21% increase on the previous passing rent. Strong balance sheet with prudent gearing * Prudent LTV* of 24.4% at the quarter end, one of the lowest in the Company's peer group and the wider REIT sector...	speedsgh	Read Full Thread Reply
31/1/2019 09:04	Sold 40% of my holding this morning but this was largely due to the fact that I bought more than I intended when the price fell to 78p and thought I had better not look a gift horse in the mouth. A bit disappointed that the dividend was not fully covered but then realised that the improvements in voids and the new purchases don't produce instant revenue and certainly not over the entire quarter. I am pretty sure that the dividend is now or soon will be fully covered. Happy with the low LTV and reassured by the six year average lease to break figure. Will now hold my original share and expect to have them for some time.	pavey ark	Read Full Thread Reply
28/1/2019 17:43	https://www.edisoninvestmentresearch.com/research/report/standard-life-inv.-property-income-trust5/preview/	ramellous	Read Full Thread Reply
28/1/2019 17:09	Ah I know that feeling PA, it’s the recovery time that’s doing for me as I get older. But I’ve had a steady resurrection in the past few years, more running less time spent on shares/ITs . Even managed my first marathon in twenty years back in 2017 , which was also my best year in terms of total returns/ beating indexes for some time..... there’s a lesson there re more time enjoying other things, less time worrying about stocks and making unnecessary changes !	dragonsteeth	Read Full Thread Reply
28/1/2019 09:25	How you doing PA , you still running?	dragonsteeth	Read Full Thread Reply
26/1/2019 12:04	Update this week (30th ?)and looking at the previous years it will be very detailed. Given the activity and positive news in Q4 it should make good reading but the BREXIT nonsense it bound to have an effect. I expect the dividend to nudge towards 5p which given the assets and very modest gearing makes this a fairly good place to be.	pavey ark	Read Full Thread Reply
18/1/2019 16:36	5% in a day. I have a wad in my SIPP that is in cash and I was looking to add here - made a deal with myself to wait after brexit but can't help wondering whether the boat has sailed. Still sure there will be some down days in the months ahead...probably monday	dr biotech	Read Full Thread Reply
18/1/2019 11:46	https://www.telegraph.co.uk/investing/funds/questor-two-years-first-change-income-portfolio/ probably got a few people buying and although I don't buy on telegraph tips its better to have main stream media agree with you than disagree with existing positions : )	nimbo1	Read Full Thread Reply
16/1/2019 11:58	It's the most simple way to make money - buy things when everyone else seems to be selling. Investment trusts make it doubly easy because you can see when sentiment is depressed due to the widening discounts to nav. The worst case downside scenario everyone frets about hardly ever transpires. And even if it does - as you say life goes on : )	nimbo1	Read Full Thread Reply
16/1/2019 11:39	nimbo1, I agree.I bought many more of these than I originally intended and now comfortably in profit but that may not last. Given the assets, the lease length, the client list, dividend and discount to NAV I felt that thing had turned a bit silly here. Yes, the swivel eyed Telegraph readers may yet win the day and a hard Brexit will be really hard but life goes on.	pavey ark	Read Full Thread Reply
16/1/2019 09:30	I just got some at 81p - a lot of these Uk focussed assets too depressed. Yes I know you can argue the outlook is bad but it’s not like that’s a secret! So how much lower could they reasonably go. IMO only	nimbo1	Read Full Thread Reply
11/1/2019 15:53	Had a few at 78.25 If it's a No deal, we are in to the 60s share price IMV.	essentialinvestor	Read Full Thread Reply
11/1/2019 08:35	Bought more at the end of play yesterday at 6% yield and 14% discount. I expect the dividend to be covered and a fair chance that after being held for two years it could be increased. Still have both eyes on this Brexit shambles but given their portfolio spread, client list and average length of leases in place I'm not that concerned. A mad, no deal exit will hurt us all and the price of all shares will fall but I see some resilience here and would buy more if things got silly.	pavey ark	Read Full Thread Reply
06/1/2019 11:32	With the recent acquisitions, would think so. The more interesting question perhaps, is it sustainable through the next cycle, that remains to be seen. Whoever was buying SLI on an 8% premium to NAV just last September, has little grasp of commercial property in what looks to be late cycle.	essentialinvestor	Read Full Thread Reply
06/1/2019 11:25	The dividend yield may be 6% but is the dividend covered by rental earnings?	sleepy	Read Full Thread Reply
05/1/2019 15:14	Might expect some support around the current SP, with a yield of 6%. If not, then the post referendum plunge lows were around 72-73 pence. For lower than that, I think you would need a wider equity bear market and recession. Undoubtedly Brexit uncertainty is now impacting significantly on sentiment. I added yesterday at just over 78.	essentialinvestor	Read Full Thread Reply

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