Standard Life Investment... Share Discussion Threads

[essentialinvestor] 16/9/2020 16:52

Spec, are you really surprised?.

As I mentioned previously on the SREI board, it would be very unlikely
for HMG not to extend to Christmas.

What's disappointing is the ...at least...comment and absolutely no sign
of this ending.

Very few of the current Cabinet have extensive private industry experience,
the country is run by a journalist in Johnson, who has previously said ...f...k business - as we know.

He's neither Thatcherite or conservative.

[speedsgh] 16/9/2020 15:26

Government extends commercial evictions ban until the end of 2020 -

The government has extended its moratorium on commercial tenant evictions until the end of 2020 in a move that will likely further deepen divisions between retailers and landlords.

In a statement this afternoon, the government said it had extended its ban on landlords evicting commercial tenants behind on their rent payments until at least the end of the year, in a bid to protect jobs.

The secretary of state for housing Robert Jenrick said extending the ban until the end of the year would give struggling high street retailers and restaurant chains a chance to “focus on rebuilding their business over the autumn and Christmas period”.

Jenrick, however, said that “where businesses can pay their rent, they should do so” as the measure was only designed to support those “struggling the most during the pandemic”.

[hindsight] 15/9/2020 17:47

Brought a few today
Anybody know why went to such a big premium earlier this year ? Tax changes for non residents maybe ?

[essentialinvestor] 08/9/2020 18:58

Nick, what do you make of the SREI buy back?.

[nickrl] 08/9/2020 18:55

Looks like it changed hands in 2009 for £21.7m to Skandia Property Fund who are now Old Mutual as to whether they are the seller...

hxxps://www.egi.co.uk/news/ing-reim-buys-mucklow-hill-warehouse-for-skandia-fund/

but could be a distressed sale from a gated fund perhaps.

[hugepants] 08/9/2020 11:58

It's a huge standalone shed (not in a retail park) so you can understand why they see the urban logistics potential in the future. LTV goes up to around 30% now.

[essentialinvestor] 07/9/2020 18:01

There may be another angle; when B&Q closed some UK stores over the
last few years, they paid £££ to extricate themselves from those leases.

So providing the Company remains solvent, if B&Q wanted an early exit on that
site it may be a win win for SLI.

However, 5 years is a lifetime in UK retail with current structural changes, let alone 11

Perhaps a case of trusting the Manager's judgment and due dilligence.

This is also a segment of the market SLI have limited exposure to at present.

[essentialinvestor] 07/9/2020 17:05

Must be a big site to pay near £20 million.

[spectoacc] 07/9/2020 17:05

I expected this qtr to be the dire one, but all (most) REITs have collected well. Will it be the final qtr - and first of next year - where things get hairy? 2nd wave, restricted Xmas, no vaccine until a few months into 2021, if at all. Reserves money used up funding earlier qtrs, furlough ended, unemployment feeding through, tax rises.

Just thinking out loud.

SLI B&Q acqn - well, the yield's good. Assume B&Q is trading well atm, tho that may change. Not sure on the covenant, Homebase went backwards fast & is now owned (I think, thanks Wiki) by Hilco.

Seen very few purchases outside of the industrial/last mile/big box, so well worth keeping an eye on, and same day as RDI's sale.

[hugepants] 07/9/2020 16:59

Looks a decent acquisition.
Rent collection increasing also. Now at 75% for Q3 which they expect to increase to 80%

[essentialinvestor] 07/9/2020 16:47

That's an acquisition I would not have expected!.

Particularly given that B&Q closed a number of UK stores quite recently.

Might be the longer term redevelopment angle

[essentialinvestor] 03/9/2020 10:50

This is what I'm hoping for on SREI, a plunge with a nice big intra day reversal.

Somethimg definite that would signal a low was in.

[cwa1] 03/9/2020 08:30

DR B

I must have missed that trade. Any chance of posting the detail/size? Cheers

[dr biotech] 02/9/2020 17:16

Was a large after hours sell yesterday at 49p. Perhaps that was overhanging? Still not sure where the bottom is here, I last topped up at 55...

[essentialinvestor] 02/9/2020 16:36

Looked at the price this morning and thought there had been an announcement
that for some reason was not showing. Went to the London Stock Exchange site,
checked the news tab, saw nothing, so had a few.

[dragonsteeth] 02/9/2020 16:29

My divi reinvestment came in sub 50, can’t find that specific trade though, maybe there was a lot of reinvestment going on today driving away early gloom.

[skyship] 02/9/2020 15:37

Agreed, an extraordinary opportunity this morning; glad you took advantage EI.

Missed it; but still pleased to have made a top-up yesterday @ 51.4p.

Anyone know what made people suddenly decide to give their stock away sub 50p?

[panshanger1] 02/9/2020 14:09

Nice timing EI

[essentialinvestor] 02/9/2020 11:42

Shake, rattle and roll, eh.

[essentialinvestor] 02/9/2020 08:22

Got a small amount @ 47.22.


Have I missed something here?.

[wayneduncan] 01/9/2020 18:44

I received it today

[gann72] 01/9/2020 11:43

What happened to the dividend?

[mozy123] 21/8/2020 15:48

Starting nibbling at this name today.

Covid will disappear from the media overnight after the Nov elections. :)