Supermarket Income Reit Share Discussion Threads

[ramellous] 20/9/2019 16:59

Why disappointing? Raising funds to buy more divi paying assets and more diversification.

[belgraviaboy] 20/9/2019 16:47

I am hoping to nearly double my holding. I usually sell a few ahead of results and then add the back, and some more, on the subsequent fund raise.

KIV this should be positive for NAV.

Price has held up exceptionally well considering.

Last raise I applied for 14,000 and got them all. This time I have applied for 30,000

Perfect REIT for my SIPP

[rat attack] 20/9/2019 16:35

Absolutely, but still a bit disappointed it is the second fund raising in 6 months!!

[ramellous] 18/9/2019 17:09

Are we all jumping on this placing then?

[cwa1] 27/8/2019 08:51

Sounds like a decent piece of business on a quick glance...

[ramellous] 07/6/2019 10:19

2 nice buys of around £150k this morning. Not a flicker on the share price

[mw8156] 30/5/2019 08:56

this gets a prominent mention in the TR Property investment trust report today by Marcus Phayre-m as the only retail exposure worth having in uk property..lambasts many of the others for poor balance sheet management and not foreseeing the secular changes in retail.

[cwa1] 30/4/2019 12:05

Solid grist to the ongoing mill......

30 April 2019

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537

Agreed rent review on Tesco extra cumbernauld

Supermarket Income REIT (LSE:SUPR), the UK supermarket real estate investor, announces that the annual rent review at its Tesco Extra in Cumbernauld has been concluded, resulting in an RPI increase of 3.3%. As a result of the review, the rent increased from GBP2,936,121 to GBP3,032,178 as of March 2019.

Including the review and the recent acquisition of a Tesco Extra in Mansfield, total passing rent for the Supermarket Income REIT portfolio is GBP19.2 million.

Ben Green, Director of Atrato Capital, the Investment Adviser to Supermarket Income REIT, said: "The conclusion of this rent review further underlines the attractive, RPI-linked rent reviews that are a feature of all our leases".

[rat attack] 02/4/2019 16:30

belgraviaboy - just rechecked the email I had from them yesterday and definitely says 800 not 8000, account still not updated so will contact them and see if it is a typo!!

Just checked this morning 3/4 and 8000 shares added, not the 800 quoted. Careless, but at least full allocation!

[belgraviaboy] 02/4/2019 16:20

Rat - just checked mine, also AJ Bell looks like I got all the 14,000 I applied for...

[rat attack] 02/4/2019 15:46

Apparently only getting 800 shares out of 8000 applied for and here we are 8 days after trading began and AJ Bell are still sitting on my cash!!

[bscuit] 22/3/2019 23:01

I got all of two subscriptions.

[rat attack] 22/3/2019 08:14

belgraviaboy - that is certainly true, but this was too good an opportunity to ignore.

[belgraviaboy] 22/3/2019 08:06

Rat - surely depends how many existing shareholders applied and for how many?

[rat attack] 22/3/2019 07:53

Unfortunately with subscription being £2m this could be heavily scaled back! On current market cap equates to 1:83 if all shareholders applied!! Complete waste of time and money applying to get so few!! Another BOD who dont care about existing shareholders!!

[belgraviaboy] 22/3/2019 07:14

Scaling back occuring as applications for over £45m

£42m placing - £2m subscription

Does not say whether scaling back is for placing, subscription or both

Hopefully subscription will be met in full....

[belgraviaboy] 20/3/2019 13:15

Issue size increased - a lot of support for this REIT

[cwa1] 20/3/2019 08:09

Disappointingly, if unsurprisingly, they have said I am too late as they had a deadline of 15/3 to apply for shares. Oh well.

[cwa1] 18/3/2019 08:36

Bscuit, thanks for that information, much appreciated.

As a result of the discussion here, and in the light of what I perceive to be the ambitious announcement this morning of Justin King being announced as an Investment Advisor, I've decided to dip one of my small toes in the water with a very modest starter holding here with an open market purchase at 102p. I know I paid over the odds-but it is a minuscule holding and gives me some "skin" in the game to start with.

I've further written to my broker asking them to advise me how I can get on board the current open offer/placing that has been announced. I would intend to take a meatier, cheaper, stake through this avenue, should my online broker be capable of grasping the complexities of so doing. No sure thing unfortunately.

I realise time may be against me but que sera sera, etc, etc.

I'll advise whether I have any success or not.

Thanks, once again, for all comments.

[bscuit] 16/3/2019 15:32

I administer a holding in nominee holds. I contacted Stifel and it's a public offer so though two other Pension Funds I administer are not on the register there was no difficulty in my having the PFs subscribe , so no need to be on the register. Subscription avoids Stamp Duty.

[cwa1] 14/3/2019 20:54

Thanks, I appreciate you taking the time to post that. However, I'd need to be sure that the date for being on the register to allow me to participate in the issue in the first place hadn't already passed.

Obliged for your help regardless.

[redhill9] 14/3/2019 18:42

CWA1, if it's any interest there's still time. The following is the relevant extract of the message I received from HL:

.......Subscribe for new Shares at 101p per Share: If you wish to subscribe for new Shares under this Offer you must inform us of your election before noon Tuesday 19 March 2019. Applications must state the share amount you wish to apply for subject to a minimum of 1,000 and multiples of 1,000 thereafter. You may apply to purchase Shares in any portfolio you may have with Hargreaves Lansdown but you must have the required funds available in that portfolio on our deadline of noon Tuesday 19 March 2019.You may make an application to purchase Shares in the Offer online at hl.co.uk.

[cwa1] 14/3/2019 17:54

Thanks redhill9, I did wonder but wasn't sure either way. I might have taken a punt on a few as I think they are reasonable value at the rights offer price. However, I wasn't sure what the cut off price was for qualifying for the offer. Oh well, next time perhaps!

[redhill9] 14/3/2019 16:00

Apologies, my post above is incorrect.

It appears existing individual shareholders CAN apply for the subscription offer - I've just had a message from Hargreaves Lansdown with the details. I'll be taking advantage of this offer to increase my holding.

[redhill9] 12/3/2019 10:54

The timetable is shown in the RNS.

This is a "placing and offer for subscription" (rather than a rights issue which would be open to all shareholders) so the target £25m is intended to be raised in chunks from either existing large shareholders who have been approached or from new fund investors.

From the perspective of an existing shareholder, this cash raising at 101p looks OK to me. Clearly they have assets lined-up to buy with the proceeds which they believe will add overall value. I like SUPR for providing a reliable income from solid assets with RPI linked rent reviews to guarantee reasonable protection from inflation. IMO one of those investments ideal to hold long-term in a pension or mortgage repayment fund.