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SLI Standard Life Investments Property Income Trust Ld

79.00
0.00 (0.00%)
28 Mar 2024 - Closed
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 101 to 124 of 850 messages
Chat Pages: Latest  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
29/8/2014
12:27
From this morning's H1 results:

As stated in the 2013 accounts the Board has concluded that it
would be in the best interests of shareholders if the Company was to convert
to a REIT. The Board expects to send details to shareholders in the coming
months and to put proposals to shareholders in November 2014.

If they convert, holdings need to be in a tax shelter to avoid 20% tax penalty on a PID.

jonwig
30/7/2014
13:05
I didn't go for any in the end, but it should be time tabled Metier, probably in the relevan rns. Failing that yr broker should be able to tell you.
scottishfield
30/7/2014
11:08
Its my first offer. I noted the shares started trading on 30th July, but when do we know how many shares we have gotten?
metier9
12/7/2014
08:26
Short answer to that one is 'No'. The divi here is well covered and in danger of increasing rather than shrinking.
lord gnome
12/7/2014
06:59
Any ideas why Digital Look are now showing dividend forecast for next 2 years dropping to 3.0p ?
rik shaw
12/7/2014
06:53
Will be taking up the offer.I make it 6.4% yield,better than any other REIT,also own FCRE.Sold out of UKCM and SREI,because of Dividend now only around 4.5%.Was going to buy RDI,but very complicated with Tax,there is a 20% witholding tax,Net yield 4.75%
garycook
11/7/2014
21:18
Same here.
asmodeus
11/7/2014
20:28
I have a full weighting of these already and don't need / want any more. Nothing wrong with the company though and the price is at a decent discount to the current market offer price.
lord gnome
11/7/2014
16:43
I think I may take a few; what do other folk/holders think currently?
scottishfield
05/7/2014
09:58
From the offer document the new NAV is 69.07p a share. Last RNS 3 months ago was 67.5 (offer price 72.5p)

Works out at around 6.5% pa

dr biotech
04/7/2014
13:30
Current NAV 65p - but that is due to be reassessed imminently.

Interesting point..

If the new NAV is 70p and the new shares are 73p and the current share price is 77p, will the placing make the shares go up or down? It increases the NAV, but dilutes the enterprise value.

dr biotech
04/7/2014
11:28
It occurs to me that a 5% premium to NAV might still be a discount to the SP, but I don't need a further 3000.
asmodeus
04/7/2014
09:18
Don't think I'll go for it either. I have enough of these and UKCM - makes up about 15% of the ISA. I am happy to hold these, but given the premium to NAV I don't thik now is a great time to buy more.
dr biotech
04/7/2014
08:41
The placing prospectus is well-hidden but I found it eventually:



It's a long read!

NB: price not known until 16 July.
Offer closes 24 July.
Minimum 3000 shares.
If you want more than £12,500 worth you have the money-laundering rigamarole to get through.
You apply as an individual and get a cert or a CREST entry., not through your broker or ISA provider.

In my case this is no good unless I want to bed-and-ISA it at some point. Anyway, I'll look at the offer price and decide, but it's unlikely I'll bother.

jonwig
21/6/2014
07:54
SLI is one of the trusts mentioned - the 12% is historical compounded total return, though the writer should have added: "past performance is not ..."

The article is aimed at investors in bond funds. I would never touch one: buy individual corporate or government bonds and you know exactly your return to maturity - barring a default, of course!

jonwig
21/6/2014
07:12
It would be nice to get 12pc here...
dr biotech
12/6/2014
09:06
Sale of Assets by SLIPIT -

These have been sold to New River Retail as per their rns yesterday -

speedsgh
07/6/2014
08:48
They are following PCTN and MCKS which found ready buyers for their share issues. The share price knock was only temporary in both cases. Once the new shares were away safely, the share price recovered and went on to fresh highs. These will do the same in my view. I can't see why not. This is a good sector to be in at present.
lord gnome
07/6/2014
07:28
Investors Chronicle yesterday John Barron increased his holdings in this company along with TR Property Trust another cracking share
tiger20
07/6/2014
07:11
Yes, interesting.

Since mine are in an ISA, I'll need to sell something if I subscribe.

But NAV at 31 March was 67.8p. Allow for a divi (1.16p) and asset uplift to 30 June, and the current share price is probably a 5% premium already. There's no stamp duty on a market purchase, so not much incentive.

jonwig
06/6/2014
15:27
And there you have the answer. Long term I think its a decent thing.
dr biotech
07/5/2014
11:43
It will be interesting as to how they plan to increase the size of the company, and to what level. I notice they can not allot any more shares this year. I'm normally against that, but I think for this company it would be a good thing (particularly as NAV is lower than the sp).
dr biotech
07/5/2014
05:47
From Citywire:

The Standard Life Property Income trust
is to be converted into a real estate investment trust (Reit), in a move the board said would bring 'significant advantages' to shareholders.

After reviewing the 'tax efficiency' of its current structure, the trust's board decided it was in the best interests of the 'vast majority' of shareholders to convert. Subject to shareholder approval, this will be completed by the end of the year.

The rules covering conversion to Reits were relaxed in 2012, meaning trusts no longer have to pay a 2% entry charge. They are also exempt from UK corporation tax on rental profits and capital gains, so can often offer improved returns to shareholders.

The board also aims to grow the £200 million trust, which is currently trading at a 16.4% premium to net asset value.

'While the financial size of the company has increased significantly over the year, it remains below the level that some investors find attractive,' chairman Paul Orchard-Lisle noted in the trust's final results, announced last month.

The trust has returned 41.1% in share price terms over one year versus the MSCI ACWI/Real Estate index's 23.35% gain.

jonwig
24/4/2014
13:43
Yes, the way to go is maybe "share price total return", which you can always discover when the results are announced, and it's a bit late.

The lazy way is to set yourself a trailing stop-loss, and I must admit to doing such things (it's lazy and age-related), at 10% as a rule.

At some point this remarkable property recovery will peak, so some sort of plan should be in place.

jonwig
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