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SLI Standard Life Investments Property Income Trust Ld

79.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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
  0.00 0.00% 79.00 79.00 79.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Standard Life Investment... Share Discussion Threads

Showing 76 to 100 of 850 messages
Chat Pages: Latest  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
24/4/2014
13:20
Another decent increase in the NAV, but there is a bit of a concern the share price is 10% above this.

I am not sure how to value a company like this - yes NAV is important. But if I have an asset valued at £1000 that gives a return of £100pa then I wouldn't sell it for just £1000.

dr biotech
23/4/2014
16:42
Yes, very welcome, and against the trend, where some uncovered dividends have been "rebased".(SRI, UKCM, PCTN)
jonwig
23/4/2014
16:14
Increase in 1/4ly divi
scottishfield
17/4/2014
18:16
No problem (as they say), Jonwig. Clearly I don't know as much about this as I thought, and will have to do more research. And the first thing to do is to find out which of the property ITs I hold are in fact REITs! And then, if some of them are, why is my ISA manager not reclaiming tax? Will report back in due course. Happy Easter.
asmodeus
17/4/2014
16:23
asmodeus - my posts are based on my holdings: all my REITs are held in ISAs (two different providers) and what I described is my experience.
Mind, it sometimes takes 3 months for the tax reclaim to come through!

jonwig
17/4/2014
14:45
Well, I have had great difficulty pinning down ISA tax treatment for REITs, but from what it says below, it does seem that ISAs can get the divs paid gross, which seems different from them having to reclaim the tax, and if this is so, there should be no difference for shares held in an ISA, with divs paid gross, or shares from a Guernsey registered company paying the divs gross.


"Tax issues
The tax issues include the fact that dividends from REITs are treated as income to the investor, and are taxed accordingly.

Distributions are subject to a withholding tax at basic rate income tax, except for certain classes of investors who can register to receive gross rather than net payments. These include charities, UK companies, and pension funds. REITs can also be held in ISAs and Child Trust Funds (CTFs), and the managers of these can receive gross distributions, making these highly tax efficient."

asmodeus
17/4/2014
14:06
O.K. I'll have to check with the IR. Perhaps the rules are completely different with a REIT, unbeknown to me. They certainly apply to all other divs., unfortunately.
asmodeus
17/4/2014
12:18
My MCKS shares another REIT are held in an ISA with ST and they claim tax back on the PID without any problem.
rik shaw
17/4/2014
12:10
Hats off to the manager, Jason Baggley. Best in class by a country mile.
1ch1ban
17/4/2014
10:53
Sorry, Jonwig No(income) tax is reclaimable in an ISA. Just no *further* tax to pay. That's why divs paid gross are so important.
asmodeus
17/4/2014
10:37
A REIT can declare an 'ordinary' dividend, in which case it won't matter where your shares are.
Or it can declare a property income distribution (PID) in which case you receive 80% of the declared amount. In an ISA, the 20% tax is reclaimed by the provider at a later date. Outside the ISA, you won't be able to.

jonwig
17/4/2014
09:58
Not sure about the dividend implication, but what is also really annoying is the stamp duty which will have to be paid on purchase of SLI if it becomes a REIT. At present one of the main advantages of the Guernsey based trusts is that one can trade in and out of them very efficiently.
redsonning
17/4/2014
08:54
Am not sure about this, Jonwig. Does it mean that divs will no longer be paid gross? If so, is it not the reverse - i.e. if shares *are* in an ISA now, they will no longer be income-tax-free? As it happens, I have got some in an ISA and some not!
asmodeus
17/4/2014
08:02
Yes , good results
scottishfield
17/4/2014
08:00
Proposal to convert to a REIT in the autumn. FCPT decided last month not to do this.

If your SLI are not in an ISA or SIPP, you'll lose 20% of the PID in tax, so worth considering a 'bed-and isa'.

jonwig
17/4/2014
07:40
Good report out this morning. I have bought more.
asmodeus
27/1/2014
10:34
Good to see you are here too Lord Gnome! This is indeed a very well managed company. Jason Baggaley's judgement has been superb all the way through the downturn.
redsonning
27/1/2014
09:01
Good news indeed on a day when everything else seems to have jumped out of the window! The share price should continue to track higher ahead of NAV increases as the property market recovers. Still a long way to go and still a lovely yield even at this price.
lord gnome
27/1/2014
08:21
... which will have been discussed over the new year by the surveyors, and leaked to some lucky folk, judging by the timing of the earlier rise.

If they manage the increase in occupancy referred to in the statement and raise some rents, they just might want to up the dividend by a few points.

jonwig
27/1/2014
08:00
Big increase in NAV this morning
dr biotech
11/1/2014
08:42
Commercial property will offer 'double-digit returns' in 2014



Probably not a lot further to go for this one, but I am happy to hold.

dr biotech
10/1/2014
11:14
Thanks for your comments I agree this is an excellent performing trust I've sold out though with the recent rise 20 percent ish premium to NAV seems hard to justify in my mind that premium could easily dissappear on any bad news
warrensearle
10/1/2014
10:29
I'm just here for the income. The share price should hopefully keep up with inflation, any growth over that is a bonus.
dr biotech
10/1/2014
08:52
The NAVs of many property companies seem to have been assessed on a very conservative basis - priced to go bust or so it seems. With the market picking up, prices should start to recover smartly. The share price is now based on two legs - a high yield when there are many in search of safe income stocks - and the assumption that NAVs will improve in a rising market. I'm more than happy to ride the wave.
lord gnome
10/1/2014
07:57
These PITs seem to all trade at a premium, especially FCPT thanks to its large London west end base.

People are paying for yield which, in the case of SLI is just about covered and the prospect of improving property valuations in the regions. These lead to higher rents and higher dividends.

Mind, it's a bit puzzling if people expect retail property to outperform, apart from the prime centres.

jonwig
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