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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 0.42% 120.00 119.50 120.00 120.00 119.50 119.50 758,439 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.0 32.8 9.8 12.2 973

Supermarket Income Reit Share Discussion Threads

Showing 351 to 374 of 550 messages
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older
DateSubjectAuthorDiscuss
02/3/2021
11:04
alan Well, many are frequently detailed on the CP+ thread; but to offer just three: # AIRE@64p: Disc.=24.4%; Yld=7.0% (8,6% prospective) # MCKS@200p: Disc=36.1%; Yld=5.1%prospective # SREI@41p: Disc=30.3%; Yld=6.1% For a pure yield on only a 6%discount, go for the perennial favourite RECI@142p; Yld=8.4%
skyship
02/3/2021
10:47
Jon, Historically my recollection is that placings have always been targeted against acquisitions and not merely to raise cash, but the value of SUPR for many is the income and without acquisitions the secure income may result in increased buying pressure, which seems to get dampened down by using the capital strength to justify more placings for targeted acquisitions rather than allowing the capital value to move up, which would provide an additional benefit for holders wishing to exit.
bscuit
02/3/2021
10:11
Bscuit - "Whenever the price goes up as at present I suspect another placing." If they raise equity cash when they don't have target acquisitions it leads to cash drag on the balance sheet and an uncovered dividend for maybe a year. This tends to be frowned on. They can make single acquisitions from their debt facility and would raise new equity only when they had made a few of these or intended buying a bigger portfolio. As they said, they expect to increase present LTV of 27% to as high as 40%.
jonwig
02/3/2021
10:01
I wasn't able to buy it with Interactive broker so had to use HL IB are now allowing me to hold, not sure if they are now covering special fund segment or whether SUPR has moved its listing (it should if hasn't)
williamcooper104
02/3/2021
09:48
And yet it’s still in the specialist sub-sector. II wanted to buy it in the last two placing with one broker, but was refused as it wasn’t for retail clients- even though in one of our accounts it was already held - but AJ Bell had no problem. Whenever the price goes up as at present I suspect another placing. There may be better value in the sector, but for simpletons like me that involves much more research and being better informed than I feel I am.
bscuit
02/3/2021
09:19
They didn't say, but emphasised flexible balance sheet and higher LTV target, so I'd guess not ... not large ones anyway which could involve PIs.
jonwig
02/3/2021
09:13
Any chat on further raises, Jonwig?
frazboy
02/3/2021
09:08
Presentation interesting, but no surprises for those who've kept up to speed with other recent ones. Question at end: any thoughts on overseas expansion. Answer NO. Not surprising but reassuring. They answered my own question, about profitability of online delivery. Costs have reduced with increased scale (by about 15%) and they expect profitability to be secure in future.
jonwig
02/3/2021
09:01
Skyship - where's the better value in the sector?
alan@bj
02/3/2021
08:36
I suppose that's why folk are willing to pay a small premium for secure and unexciting and why they(occasionally) prefer that to riskier, more exciting, better value elsewhere :-)
cwa1
02/3/2021
08:18
Yield is actually 5.3% at 110p. Debt cost is astoundingly low; but all floating over LIBOR so will rise as interest rates are normalised. Main problem is the 5.7% NAV PREMIUM; and the likelihood of further equity issue limiting capital gain. Secure, unexciting and better value elsewhere in the sector.
skyship
02/3/2021
08:06
Thought the yield would be c4.5 - but good results and the implied yield on the share price is c4.5
williamcooper104
02/3/2021
08:03
They don't come more solid than that Webcast at 8:30 Https://webcasting.brrmedia.co.uk/broadcast/601d6f87a6bfbf43d06adbd9
return_of_the_apeman
02/3/2021
07:51
Good results.
brexitplus
02/3/2021
07:16
HY results; https://www.investegate.co.uk/supermarket-inc-reit--supr-/rns/half-year-report/202103020700037791Q/ LTV 27% at 31/12, medium-term target 30-40%. Can borrow well under 2%. NAV is 104p, so premium only 5.3%. A bit surprising when some sub-sectors (health centres, warehouses) have much bigger ones.
jonwig
01/3/2021
15:11
You get the tax back in an ISA (or SIPP). How it happens depends on your broker. Either they pay the gross amount (because they've sorted it with HMRC) or they pay you the net and claim the tax back for you, which can take some weeks. Most 'proper' brokers do the former. When REITs started, some posters were saying their brokers wouldn't get the tax back (cheapskates like Barclays, I think), so check with your ISA provider which way they work.
jonwig
01/3/2021
12:49
My dividend last Friday (26th) was taxed at 20%. Is it still taxed if I put it in an ISA ?
jong
18/2/2021
15:46
Some paid for research from Edison... https://www.edisongroup.com/wp-content/uploads/2021/02/Supermarket-Income-REIT-Strong-accretive-growth-continuing.pdf
cwa1
18/2/2021
11:37
Probably will be - hope there is - likely to be at a discount to share price and small premium to NAV. So long as we can invest at the discounted price as could last time then I'm fine with it Getting market cap to over £1bn will help liquidity/institutional investors, and further drive down equity cost
williamcooper104
18/2/2021
10:59
Does the price pick up mean there is a possibility of another placing coming? Doing it repeatedly might risk the potential to trade at a premium to NAV? The two-ago placing was very attractive as it carried an immediate quarter's dividend, which was not the case with the last placing. One wonders why the structure in the two-ago placing?
bscuit
18/2/2021
09:53
Yep - most U.K. investment trust investors don't realise that trading at a premium to NAV is often a good thing as means there's a cost of capital advantage
williamcooper104
18/2/2021
09:45
I’m invested here, for income. I believe supermarkets are keen on sale and leaseback, to generate cash to invest in restructuring their business models towards click and collect and dark warehouses for home delivery. Given SUPR’s cost of capital is substantially less than their (risk unadjusted) return on capital, there is plenty of scope to expand the business rapidly and fairly safely, in the process increasing the dividend rate - and hopefully resulting in capital appreciation too. A no brainer then.
tim000
18/2/2021
07:47
Another acquisition.
brexitplus
17/2/2021
11:49
Yep - even if only get c1 percent rental growth with a bit of leverage we are easily into double digit return The 10 acre site (coverage of c20 percent) is interesting too; could be asset management upsides
williamcooper104
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older
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