Supermarket Income Reit Share Discussion Threads

[bountyhunter] 05/10/2020 20:11

The price might pick up again now that the offer is closed.

[bountyhunter] 05/10/2020 19:31

Likewise, surely this will be significantly oversubscribed?

[williamcooper104] 05/10/2020 04:13

Thanks - will check on Wednesday

[bscuit] 04/10/2020 17:38

WC, the money may have gone, but allocation is not assured any oversubscription will be returned to you.

[rik shaw] 04/10/2020 15:37

If you look at the timetable in the prospectus you will see that the outcome of the fund raising will be announced by 5pm on Wednesday. At present the number of applications will not even be known by SUPR as receipt of application only closes tomorrow morning and closure of placing commitments is on Tuesday. The fact the cash has been reserved by your broker against the fund raising is no indication of what scaling back there may have to be. We should all hear by RNS on Wednesday.

[williamcooper104] 04/10/2020 14:27

I've a line in my HL account saying - "SUPR assured line" and the funds I needed to subscribe are gone

[bscuit] 03/10/2020 09:31

how do you know?

[williamcooper104] 03/10/2020 05:01

Looks like I got most of my applied for allocation - 80k v 83k applied

[return_of_the_apeman] 29/9/2020 00:21

Applied for 100k, not expecting to be scaled back, we shall see

Gla

[bathcoup] 28/9/2020 10:32

For clarity the JV (with British Airways Pension Trustees Limited) has 25.5% stake in the Portfolio consisting of 26 Sainsbury's supermarkets. The JV is 50:50, so SUPR holds 12.75% share in the Portfolio for £51m. In other words, the NAV of the Portfolio was £400m. All from below:

hxxps://www.supermarketincomereit.com/jointventure

[jonwig] 27/9/2020 17:30

Long leases generally have break clauses for use if terms get too onerous and there's a chance to switch. I don't see it as a huge issue for SUPR, though it would be for Sainsbury's!.

[bathcoup] 27/9/2020 17:08

jonwig, Thanks.

I suppose investors have to live with uncertainty that Sainsbury's may not extend the lease.

[jonwig] 27/9/2020 11:47

@ bathcoup #143 - sorry, I missed your query.

The 26 in question are held in a JV where SUPR has ~25% stake. The leases end in March 2023 and Sainsbury's needs to inform the owners of its intentions by Sept 2021. (All according to the prospectus.)

[bscuit] 25/9/2020 18:44

I think AJB are under processing capacity pressures as the confirmation response times weren't immediate.

[chucko1] 25/9/2020 18:10

On HL, you simply apply in each each every account you hold SUPR stock in. Very easy.

[janeann] 25/9/2020 18:06

thanks; that was what I have done but in 2 accounts. will see what happens

[bscuit] 25/9/2020 16:15

We did Secure messages inside respective accounts

[janeann] 25/9/2020 15:01

Bscuit - did you have a form to complete with AJB or just write and request the purchase?

thanks

[bscuit] 24/9/2020 15:15

Seems to have gone very mainstream with even PB getting in on the act. I anticipate an increase in the size, but also a significant scaling back. I and my wife have applied in three different tax-free accounts with AJB.'s

[jonwig] 24/9/2020 15:12

Thanks asm.

The Questor article begins with general quotes from Justin King (who is an advisor to the company) which are in the AR, and ends with:

The trust has recently added Waitrose to its original tenant roster of Tesco, Sainsbury’s and Morrisons, and continues to focus on stores that are able to meet both online and in-person demand.

The fund has grown quickly in the past year: the value of its portfolio was £477m at its year end in June, compared with £231m a year previously, and since then it has announced plans to raise more money from shareholders to buy more assets. Private investors can take part via the PrimaryBid platform.

Not only are its tenants financially solid but they are tied into long-term leases that involve “upward-only” inflation-linked rent increases.

As a result of this, and of the trust’s 100pc record of rent collection during the pandemic, it intends to increase this year’s dividend in line with inflation (on the RPI measure, normally more generous than the CPI) to 5.86p from 5.8p in the year to June.

At last night’s share price of 109p the new divi would give a yield of 5.3pc while the premium to net asset value is 7.9pc. Such a high yield, based on a secure and rising income stream, appears strikingly attractive to Questor when Bank Rate is 0.1pc. A strong hold.

Questor says: hold

Ticker: SUPR

Share price at close: 109p

[asmodeus] 24/9/2020 14:52

Thousands of shares were traded today at the bid price - all described here as sales, and I bought some myself at that price, and so know that it was a purchase. They were tipped today in The Telegraph, and it seems to me that Supermarkets are in for another bonanza of panic-buying. I understand that my local Tesco has already had an influx of customers with a severe diarrhoea problem........

[rat attack] 24/9/2020 08:51

Jonwig, yes it was from broker - AJ Bell

[cwa1] 24/9/2020 07:47

iDealing never participate in any of these type of corporate actions(unless they are intermediaries) in my experience, very frustrating but I can't budge them on this policy. Most other brokers seem to be facilitating it

[bscuit] 24/9/2020 00:11

Clearly depends on providor attitude. AJB ok.