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Share Name Share Symbol Market Type Share ISIN Share Description
Supermarket Income Reit Plc LSE:SUPR London Ordinary Share GB00BF345X11 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.43% 116.50 116.00 117.00 117.25 116.50 117.25 4,402,376 14:26:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.0 82.0 12.6 9.2 945

Supermarket Income Reit Share Discussion Threads

Showing 301 to 325 of 625 messages
Chat Pages: Latest  13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
05/2/2021
14:05
A property revaluation would likely be met with further stock issuance, so I imagine the rise will be a drawn-out matter.
chucko1
05/2/2021
13:44
Yep - inflation at around 3 percent is the sweet spot for SUPR Annual RPI on leases really helps, means we get the income and the red book uplift and cash income that much sooner Around 130 feels like the right price here
williamcooper104
05/2/2021
13:42
Held PHP for years - sold out over last 18-6 months ago and bought US healthcare reits with much higher yields Felt that at the valuation yields PHP had gone way above alternative use values and I could buy hospital reits with values also way ahead of alternative use value but with much higher yields
williamcooper104
05/2/2021
13:16
Jeffries with a PT of 120p. Average target of 127p. Not that that really means much. More buying this morning as there has been the past week or two has nudged it a further (whopping) 0.5p higher. Just as I was in the process of buying yet more. BoE comments quite interesting in that they see rather higher inflation than originally anticipated, so this may favour REITs with demonstrable inflation protection. Long-dated nominal Gilts have lost 10% or so the past 4 days.
chucko1
04/2/2021
19:08
Do PHP/AGR feature in your thinking? I can see underlying rental attraction of low rates, which won't apply to SUPR properties where initial rents will have reflected higher rates paid by tenant.
bscuit
04/2/2021
18:19
I'm still invested in sheds - but the premium of segro and increasingly BBOX too now mean that the development pipeline really needs to deliver A 20 year prime shed is c3.5 percent - so a good 100bps ahead of a food store, and the RPI caps are now often on sheds at 3 percent
williamcooper104
04/2/2021
18:16
Yep - that would be my understanding - with caveat that the whole rates system is a mess and they might do something radical But then given everything else most likely is that they just adjust the rates for different asset classes and hugely tax sheds - it's one of the few reliable way to tax Amazon
williamcooper104
04/2/2021
17:34
But it would seem that however the rate system for warehouses might change (upwards to some varying extent), the supermarkets in SUPR are unlikely to suffer in any way? Is this your understanding?
chucko1
04/2/2021
14:41
They are meant to be assessed on their "retable" value which is supposed to be equal to the market value of the assets rent - but it's not a simple market value ERV assessment it's very hypothetical, you have to ignore disrepair for instance, and there's a whole debate about mezzinane floors which sometimes are and sometimes aren't rated It's a classic make work tax for surveyors; needlessly complex
williamcooper104
04/2/2021
14:30
Pardon my stupidity, but are the big boxes not assessed for rates at partly on their retail floor area (in an old-style Argos were the catalogues and ordering area is) and partly on their warehouse area – rather in the same way as I understand that rents are zonally assessed?
bscuit
04/2/2021
12:23
Mainly retail - particularly if it's a retail warehouse - not sure about Costco/IKEA - my guess on Costco is shed rates
williamcooper104
04/2/2021
11:24
So what level of rates are being paid by the cross-overs?
chucko1
04/2/2021
09:54
Might not some sheds serve both on-line and physical (to confuse the issue)?
chucko1
04/2/2021
00:36
The Times quoting Altus research - physical retail pays c2.5 percent of sales in rates and on-line c40bps of sales So business rates going to go up almost 6x on sheds just to equalise, and probably then some just because of general need for tax
williamcooper104
03/2/2021
20:26
Hi everyone, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes SUPR although in our chat I got a bit befuddled and kept calling it PRSR (which of course is PRS Reit). I do really fancy it though for the steady Dividend Income as I discuss on the call. As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management. We included a bit on ‘Lockdown Fever’ which our Listeners seem to have particularly enjoyed (a bit surprising !!). Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 41) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !! Cheers, WD @wheeliedealer hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-41-gamestop-gme-tsla-msft-ai-spe-boo-gtc-itrk-hwg-prsr-bgo
thewheeliedealer
28/1/2021
13:13
... or even a Beta of -1. Even better! (not so boring)
chucko1
28/1/2021
10:52
Further falls in the markets could lead to a fall in this - it has a digital beta: 0 on most days and 1 on panic days. I like the panic days even more than the boring days! Those are the days I am not making money, but know I will (delayed pleasure!). I totally get your point. Big seller still selling, but I see this as another chance to buy if you do not feel you have your full quota.
chucko1
28/1/2021
09:46
Boring, boring, boring I love SUPR in markets like this It's that rare thing - a REIT without an equity market beta
williamcooper104
27/1/2021
08:58
Biggest headwind to logistics has got to be business rates - at moment they are based of historical rental levels - so c1-3 psf - that's going to rise hugely then rates are revalued in ordinary course of rate revaluation But given the need to give rate relief to physical retail a far greater rate burden needs to be levied elsewhere and the elsewhere has to be logistics - one of the few reliable ways to tax Amazon too Cute thing about supermarkets is how for purposes of business rates they'll position themselves as retail rather than distribution/logistics and hopefully avoid huge rate rises
williamcooper104
27/1/2021
08:25
Yes, they started talking about that as I left. There's another company (SEIT) which instals and owns rooftop solar on buildings including sms.
jonwig
27/1/2021
08:04
It was a great presentation, I thought a nice little side hustle was installing solar panels on the supermarket roofs as well!
noiseboy
27/1/2021
07:40
I saw just half of the Sharesoc SUPR webcast last evening. Pretty detailed, here are some bullet points: • they target 'omnichannel' stores - ie. physical, online delivery and click-and-collect. (13% of spend is now online, 25% of that is c&c.) • they select stores with large property assets (opps for development) and strong trading growth record. • WFH is main contributor to sm spending growth (since March, Tesco has seen 150% increase in online delivery spend.) • Attractive sector: real sm property yields 5% > sm corp bonds 2% > index-lkd govt bonds -3%. • SM yields 5% > sheds, all property 4%. • LTV 20%, target 30-40%. • SUPR second-lowest borrowing costs of all UK REITs at 2%. (SGRO lowest, unsurprising.)
jonwig
26/1/2021
23:13
Last valuation was (from memory) 5 percent I put a 5 bid in a few weeks ago for 10 year income from strong (but not supermarket) covenants - it went under offer at 4.4 percent (which was c20 percent over asking price) There's no way SUPR with 16-17 isn't at 4 something now A lot of SUPRs leases have annual RPI rental increases such that there's a c10 percent cash rent reversion in next 4-5 years
williamcooper104
26/1/2021
23:07
I was on the Sharesoc presentation this evening. They talked about reasons why the market was not yet revaluing the assets higher (to reflect the "excessive" yield differential to index-linked corporate securities [there are few, but Gilts will do]). The upshot was that there is still decent supply from forced selling out of those idiotic open-ended structures, but met with increasingly keen buying from those with capital. It was suggested that the prices would reflect this changing ratio soon. Overall, very impressive thought process behind the investment thesis, driven by the experience of the principals in inflation-linked securities analysis (among other things). They are looking to grow and its pretty obvious there will be further equity raises by the response to a particular question. But whether or not they wait for higher NAV via revaluation, I have little idea.
chucko1
26/1/2021
21:48
Yep - 30-40 wouldn't increase equity cost/frighten the market and would give us a good yield boost which might help push the share price further above NAV Personally I'd go all out and lever up in that the outcome is pretty binary, either the omni-channel is the future in which case the assets can support an Infrastucture style level of debt or else it's not in which case its a 50 percent odd haircut to alternative use value (crude and not the case for all of their properties) in which case makes no odds if you are at 50 or 70 leverage - actually better to be higher in terms of making lenders less key hungry
williamcooper104
Chat Pages: Latest  13  12  11  10  9  8  7  6  5  4  3  2  Older
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