Supermarket Income Reit Share Discussion Threads

[return_of_the_apeman] 23/3/2021 12:39

All of the Directors of the Company have participated in the issue
Looks like 3 used it for their isas and Nick took approx £75k

[janeann] 22/3/2021 15:40

well someone suggested asking AJBell if they would act to buy through primary bid - their response arrived about 18 days after I messaged them........and after the close - no help at all!

Thank you for your message.
Primary Bid offers will need to taken up via the Primary Bid app.
If you have any further queries, please feel free to contact us.
Yours sincerely

[jonwig] 19/3/2021 14:39

I didn't bother applying.
The margin was small and the PB shares would be put into a non-ISA account.
When the April divi arrives I'd have been charged a 20% tax on it.
No way of transferring as I'd not enough ISA cash.
Dates would be important.

Have doubts whether the low margins on these fundraisings are worth the hassle.

[return_of_the_apeman] 19/3/2021 13:32

I am with you on that chucko1 - further raises seem inevitable, however one day they will stop and in the interim we will get a good inflation balanced return from the dividends, hopefully some amount of capital growth and then hopefully it will re-rate nicely imo

Hard assets are great in an inflationary environment + we have inflation linked rental payments

Lots to like here but a slow burner for sure until they run out of suitable acquisitions

Any other suitable inflation proof income suggestions welcome

[bscuit] 19/3/2021 11:53

There is always a PR desire to show that the issue was fully subscribed and avoid having to disclose it was not fully subscribed.

[chucko1] 19/3/2021 11:47

The trouble with that would be the risk of too many coming back onto the market too soon. But I would not rule out a further raise at around 108p in a few months. They MUST buy what is suitable and increasingly being lobbed out by other property funds.

From the recent presentation, there is a defined subset they are interested in and I am sure they would wish to always be in pole position as buyer.

[spectoacc] 19/3/2021 11:33

Interesting, thanks. Surprised they didn't up it above £150m too, if there was that much inst. interest.

[bscuit] 19/3/2021 10:41

The PB allocation was less than 40% taken up. I got both applications in full and I suspect there was no scaling back.

[ec2] 19/3/2021 09:32

Me too! Applied for 20k's worth. Got the lot.

[jaf111] 19/3/2021 09:19

same here!

[spectoacc] 19/3/2021 09:16

Got my full allocation, email just through.

[cwa1] 19/3/2021 07:27

Interesting to know if there was any scaling back at PB if anyone would like to update us on that front?

[pdt] 19/3/2021 07:22

Strong demand here;

"the Board determined to increase the size of the Issue from GBP100 million to GBP150 million. Notwithstanding this increase, investor demand substantially exceeded the maximum size of the Issue and, accordingly, a scaling back exercise was undertaken"

[jonwig] 18/3/2021 14:51

Using PB for iSAs would be difficult, as they want an upfront debit card payment, but you can only buy shares in an ISA if you have already funds in the ISA to pay for them.

PB, naturally, want to know that you have the funds by getting payment upfront.

[bscuit] 18/3/2021 14:11

I believe PB is limited to direct applications and cannot be used by SIPPs or ISAs. The £8M is a regulator set limit, so scaling back is far more likely there IMO.

[cwa1] 18/3/2021 13:58

There is a minimum subscription of GBP1,000 per investor under the terms of the PrimaryBid Offer which is open to private investors who are either professionally advised or financially sophisticated. The Company reserves the right to scale back any order at its absolute discretion. The Company and PrimaryBid each also reserve the right to reject any application for subscription under the PrimaryBid Offer without giving any reason for such rejection. Aggregate demand under the PrimaryBid Offer will be limited to EUR 8m (or the equivalent), as is legally required.

So not a huge amount went through PB. Tho' if the punters expect it to double by close of play tomorrow they may be in for a bit of a surprise :-)

[chucko1] 18/3/2021 13:45

£150mn now - on a new and "unusual" platform is impressive. (assuming they have the first idea what they have bought - maybe it was the internet angle!!). I hope they are not looking for the share price to double.

[ec2] 18/3/2021 12:52

Offer extended for a couple more hours.

[ec2] 18/3/2021 10:36

Just applied via Primary Bid before the offer closes at 11am today. Left it right down to the wire before making my decision. Recent positive press comments on the stock would suggest scaling back so upped my subscription to take account.

[wilwak] 18/3/2021 09:09

I don’t seem able to buy these with Barclays Stockbrokers. Very odd?

Bought fine through Halifax iWeb though.

[pdt] 14/3/2021 08:51

Given a tip in today's Daily Mail;

[bscuit] 09/3/2021 22:00

I am doing it through my AJB SIPP and have spoken to Stifel to get a name and a phone number to give to AJB, who I am sure will have other applicants. There is a £100
charge.

[rik shaw] 09/3/2021 16:11

As its a Placing rather than an Open Offer and it's being offered to retail investors through PrimaryBid I guess it may not be available direct through the likes of EQI, HL etc.

[cwa1] 09/3/2021 14:52

Afternoon All

Taken my eye off the ball a bit for various reasons...

Have any intermediaries been announced for the SUPR issue?

I see that it is being carried by PrimaryBid but, as yet, EQI, etc, don't seem to be offering it.

Anyone know what the state of play is currently?

Cheers

[m_kerr] 06/3/2021 13:54

IMO they should be running with much higher leverage, around 50% LTV, as they have good visibility of rents and good occupier covenants. but the investment manager is incentivised to raise as much equity as possible, as their fee is based on NAV.