Standard Life Investment... Share Discussion Threads

[skyship] 27/11/2021 08:29

RAM - sorry, but that clip the most gut-wrenchingly awful thing I've watched in a long. long time. He with the glasses (was that Baggaley?), saying he was happy to spend a load of time considering ESG matters! I would prefer he spent more time in active management of the portfolio.

ESG is just the latest opportunity for the legal profession to make hay and waste our money on wholly irrelevant guff. Read any Annual Report and it now occupies 50%! I suppose the printers and tree fellers are happy; but surely not shareholders; and in the long run not capitalism.

[skyship] 26/11/2021 16:07

Mine arrived today at YouInvest (AJ Bell)

[spoole5] 26/11/2021 15:56

Still not had divi from hl. Anyone else had a problem?

[rambutan2] 25/11/2021 21:19

Worth a watch, with some interesting points made by Mr Baggaley:

[nickrl] 22/11/2021 20:02

Presumably SLI as an independent company would need shareholder approval to scale up but looks like SL runs several property funds so SLI would need a billion plus to absorb them. Has this been done before?

[spectoacc] 22/11/2021 15:27

Much as I'm not a fan of Citywire, it's a valid point about some trusts effectively having a Unit Trust twin, and the wisdom of merging them together (ie ditching the UT). Guess the management get to double-dip the fees, but easier for all concerned if it was one portfolio.

[essentialinvestor] 22/11/2021 15:06

Added another 10k.

Perhap to break out of the recent trading range the market wants
to see some of their capital deployed in asset purchases?.

Lots of asset sales as they reconfigure the portfolio.

[skyship] 22/11/2021 11:40

free stock charts from uk.advfn.com

[cwa1] 22/11/2021 10:37

A, hopefully, clickable link:-

[mushypeas] 22/11/2021 10:34

Great minds think alike.
citywire.co.uk/investment-trust-insider/news/james-carthew-standard-life-reit-s-reward-is-yet-to-come/a1586199?ref=investment-trust-insider-latest-news-list
(citywire update)

[hindsight] 22/11/2021 09:42

Have my self imposed limit on these (and EPIC) so wont be adding for that reason, otherwise would on weakness. The office rent comments seem rather positive compared to market pricing on office reits

[spoole5] 22/11/2021 08:36

Probably the best managed reit around this

[essentialinvestor] 22/11/2021 08:24

Welcome news.

[cwa1] 22/11/2021 08:20

(picked up some more at 73.3p FWIW)

[cwa1] 22/11/2021 08:19

Seems to be quite a bit of stock available out there at the moment

[spectoacc] 22/11/2021 08:14

Market can do one. Just picked up a load more. That's £625k income come in, with a write-back from provisions at next accounts/NAV, even ignoring the lettings & lowering of void rate news.

[spoole5] 22/11/2021 08:03

Market indifferent

[spectoacc] 22/11/2021 07:36

Excellent from SLI, and arguably why they previously traded at a premium/par:


"Asset Management Update

Standard Life Investments Property Income Trust (SLIPIT) would like to update the market on several asset management initiatives.

Two new leases have been completed. The vacant industrial unit in Dover that represented 2% of portfolio voids has been let to a Government agency on a ten year lease (with tenant break in year 5) securing an annual rent of just over £600,000pa. The new rent is 25% higher than the previous rent on the building. In addition, a letting has been completed on a 5,700sqft suite at Hagley Rd Birmingham, maintaining the rental tone of £20psf.

Two rent reviews have also been completed, the first on a logistics unit in Bristol showing a 12% increase compared to the previous rent, and the second on an office, also in Bristol, securing a 30% increase in rent. Combined, the two give the Company £95,710pa in additional rent.

In the recent NAV statement comment was made about taking legal action to recover arrears from one particular tenant who the manager believed had every ability to pay but had chosen not to, and represented the largest arrear in the Company. Full payment of that debt has now been received. This has the effect of increasing rent recovery over each time period by circa 1% with a receipt of £ 625,850. The rent arrears for this tenant had been provided for in the Company's provisions."

[essentialinvestor] 15/11/2021 15:13

The Manager has aggressively reconfigured the SLI portfolio and it's arguably
also now of higher quality overall.

The main issue with having sold a chunk of assets, is now buying well
in a very hot market and avoiding overpaying

[cwa1] 11/11/2021 12:52

XD today, pay day 26/11

[spoole5] 09/11/2021 19:25

Back on point, bit of a disappointing reaction to the NAV rise, these still offer great value, should be a divi inc coming soon.

[mushypeas] 09/11/2021 19:16

Up ticked!

[spoole5] 09/11/2021 18:42

Chill dude

[mushypeas] 09/11/2021 18:07

Which bit of "UK registered" do contributors not understand?

[clausentum] 09/11/2021 17:21

I paid stamp duty on some EPIC shares this afternoon.