Supermarket Income Reit Share Discussion Threads

[makinbuks] 26/5/2022 11:55

ATH this morning, these are so in demand

[brexitplus] 26/5/2022 11:13

Good news about 250.

[cwa1] 25/5/2022 13:01

Alliance News) - British Gas-owner Centrica PLC and chemical firm Johnson Matthey PLC are set to return to the FTSE 100 index next month, replacing television broadcaster ITV PLC and postal operator Royal Mail PLC, according to indicative changes released by FTSE Russell on Tuesday.
All four companies have been in and out of London's blue-chip list in recent years. Centrica was demoted to the FTSE 250 two years ago in June 2020, while Johnson Matthey suffered the same fate this past December. ITV was bumped down from the FTSE 100 to the mid-cap index in September 2020 of that year only to be returned in June of last year. Royal Mail was demoted to the FTSE 250 in December of 2018 but returned in May of last year.
Meanwhile, online fashion retailer Asos PLC is indicated to join the FTSE 250, following its move to the London Main Market from AIM in February.
Also likely to be added to the FTSE 250 will be Bank of Georgia Group PLC, Foresight Solar Fund Ltd, Merchants Trust PLC, Supermarket Income REIT PLC and Target Healthcare REIT PLC.
Set to depart are Baillie Gifford US Growth Trust PLC, Oxford BioMedica PLC, PureTech Health PLC, Rank Group PLC, Trustpilot Group PLC and Tyman PLC.
The actual index changes will be based on closing prices on Tuesday next week and will be announced after the market close on Wednesday. They will come into effect on Monday, June 20.
Separate from the quarterly review, JLEN Environmental Assets Group Ltd replaced Clipper Logistics PLC in the FTSE 250 on Tuesday, after GXO Logistics Inc completed its acquisition of Clipper.
Index provider FTSE Russell is part of London Stock Exchange Group PLC.

[brexitplus] 25/5/2022 09:49

Makinbuks. Yes, I always reinvest my dividends. I bought a load of shares starting at 42p in TRY many years ago and always reinvest. Dividend today is about 20% based on my initial investment. Now retired I might consider taking the cash. Same with SUPR.

[makinbuks] 25/5/2022 09:24

Thanks, doesn't really matter SUPR is a clear long term hold

[jonwig] 25/5/2022 09:19

Makinbucks - yes, there's a scrip option.

Interestingly, one or two companies whose shares have been rising recently have cancelled their scrip option (eg. FSFL). It's easy to see why: SUPR announced their scrip reference price of 124.5p on 28 April, so holders will be getting discounted shares. Anyone buying after receiving the dividend on friday is likely to have to pay a lot more!

Of course if the share price is falling, it works the other way.

[makinbuks] 25/5/2022 09:07

I think the point Brexit is making is that many investors reinvest their dividend so MM's push the price up a couple of pennies in anticipation. Not sure if theres a scrip option that would thwart that practice

[rik shaw] 25/5/2022 08:25

It went ex dividend on 21/4. Friday is payment date so no reason to impact share price.

[brexitplus] 25/5/2022 08:17

Good share price movement over the last few day and dividend on Friday so expect a small move back.

[williamcooper104] 05/5/2022 22:40

https://www.jll.co.uk/en/views/jll-the-case-for-hybrid-retail

[williamcooper104] 03/5/2022 10:32

I massively reduced PHP to put into SUPR; will probably top it up if it falls much further My US REITs looking good/not so bad in sterling terms

[chucko1] 03/5/2022 09:55

The beating up of the UK logistics is a potential warning - rates are up a fair bunch and now 10yr yields at 2.01% versus SHED at 4.10% and BBOX at 3.01% is wholly different from 0.80% and around 5% and 4% as of a year ago.

PHP was a bit of a warning to extended valuations even of the highest quality stuff.

Noted on the US, but they can survive on lower yields as their track record of impressive development profits goes back 20-30 years and is pretty dependable, it would seem. That may turn out to be the case in the UK, but there is little evidence to back it up as of now. PHP, an outlier, had a 20 year IRR of around 12-13% but recently was at a very large premium and has way, way underperformed much of the other stuff.

[williamcooper104] 03/5/2022 09:33

Nice rise today given US REITs battered yesterday and U.K. logistics getting beaten up today We are a little less sensitive to rates here so makes sense

[bountyhunter] 28/4/2022 18:48

Yes same here, pleased to see they have speeded up the refund process.

[cwa1] 28/4/2022 16:45

Further credit where credit is due. The refund cash from the application is nestling safely in my bank account already. Well done PrimaryBid

[alexbadger] 28/4/2022 11:02

JT - would you be happy to share the name of your broker/platform? If you are getting sub 10% allocations that suggests you use a name with a history of short selling/short term holding.

JG has hit the nail on the head re PB allocations. They are capped at E8m so their scaling will be different to the institutional book. Retail orders usually get looked after with SUPR - I have received 100% of mine as per usual.

[jt35] 28/4/2022 09:46

The excuse I got was that most went to existing holders which is fair enough and not a problem except I am an existing holder and they never asked me that so all pretty poor. Not the first I have been given a rubbish allocation by Stifel I think they're just a poor outfit. Nice to see good allocations for the retail brokers and PB though makes a change

[jg231] 27/4/2022 19:59

PB is capped by law at €8m (euros) equivalent. That means that PB would have been oversubscribed by a different amount to the main placing which was capped at £300m. This is all to do with some consumer protection legislation which actually seems to disadvantage small investors. There is no cap on an offer for subscription but companies can only do this on the first raise off their shelf prospectus (in SUPR's case I think that was last October?). Doing a whole new prospectus is expensive, so they only do it when they have to (which is after a year).

[chucko1] 27/4/2022 18:41

But PB is such a small percentage of the overall offer. It was, even after the increase from £175 to £300mn materially oversubscribed. There are some big hands not getting what they wanted - and the price action this afternoon suggests they really wanted them.

[ec2] 27/4/2022 18:33

It's all rather intriguing. All brokers applying direct to Stifel will be treated the same as there are no favoured brokers in these situations. I also see from this morning's announcement that the directors appear to have received 100% of what they subscribed for which would imply applications via brokers will likewise receive 100%. This would suggest there could be a disadvantage in applying via Primary Bid that seemed to be allocated a separate allocation within the offer.

[elbrus55] 27/4/2022 16:13

I suspect the allocation through PB is more like: first [1000] shares in full and then next [X] shares @[85%] and then [nil]. So small orders will get a higher allocation than large orders. This would seem consistent with the intention of these European regulations for retail investors.I don't have enough data to calculate figures in square brackets, but it appears to be a tiered allocation.

[bscuit] 27/4/2022 15:50

Perhaps inference is that the unfilled oversubscription is the PB 15% shortfall, though IT35 reported only a 6% allocation, though I think that may have been through a broker with a very small order and who lacked a good relationship with Stifel.

[chucko1] 27/4/2022 15:40

EC, that is interesting. I sense that retail is being accommodated and so when they see amalgamated applications form the likes of Bell, HL and so on, they get treated well. My PB application is the only one that has NOT got 100% allocation (85% is not shoddy) and I have been in 4 or 5 of these SUPR raises so far.

Although in HL you cannot see the stock yet, I was told it was filled in full and they send out the secure email this evening.

[ec2] 27/4/2022 15:14

Seeing so many of these oversubscribed offers of late reminds me of my early days in the city back in the mid '80s. I started out on floatations. Worked on most of the privatisations and various other offers for sale, Tie Rack, Brake Brothers, Charles Church to name a few. Once the applications were in there would be a huddle around a computer terminal trying various permutations to get the required allocation for the client depending on the type and how many shareholders they wanted on their register. On the heaviest oversubscribed offers applications went into a ballot with many applicants getting nothing.