Supermarket Income Reit Share Discussion Threads

[essentialinvestor] 06/11/2024 20:59

I'm kicking myself looking at the MKS SP, what a phenomenal recovery over the last couple of years. And that's including a debatable Ocoda jv, with a shedload of extra shares issued pre pandemic.

[nickrl] 06/11/2024 19:33

Piled in yesterday didn't see it down below 70 today.......

[fabius1] 06/11/2024 17:35

SpectoAcc - 'As long as you're aware what you're buying (not just some supermarket freeholds).' :).

[spectoacc] 06/11/2024 16:59

As long as you're aware what you're buying (not just some supermarket freeholds).

[riskvsreward] 06/11/2024 16:51

Warren Buffet’s saying (or is it attributed to Benjamin Graham) of market being a voting machine short term and a weighing machine long term is to the point at the current time. It is a voting machine at the moment and here lies the opportunities for long term gains. Will accumulate a few stocks like Supr so the lower the price the better.

[williamcooper104] 06/11/2024 16:31

Nope - can't ignore the budget and can't ignore Trump

[marktime1231] 06/11/2024 16:23

The depression here is surely because higher ER NICs and rising minimum wage hit the UK supermarket sector hard, and it may stiffle expansion plans if you believe reactions to the budget. Except that supermarkets are still enjoying a profit boom, and have the pricing power to counter rising costs.

Critics might even concede that a bit of geographic diversity in SUPRs portfolio begins to make sense?

Hoping for a BoE MPC cut tomorrow to reward my boldness today. Dropping through 70p is one thing but to keep going through 69p is troubling.

[badtime] 06/11/2024 16:06

So ignore the budget then?

[williamcooper104] 06/11/2024 15:49

It's got everything to do with Trump - his expected actions are setting the global cost of money Red wave implies tax cuts, more debt, more inflation

[marktime1231] 06/11/2024 15:36

Added again

[laurence llewelyn binliner] 06/11/2024 14:49

Big day for rates both sides of the pond tomorrow, see how those impact, the c9% yield on offer is tempting right now for sure, it has been worth waiting here..

[chucko1] 06/11/2024 14:47

Fabius, perhaps so, but for now, rates are front and centre. Could be worse - take a look at BBOX which is even more exposed to rates.

[fabius1] 06/11/2024 14:28

Chucko1 - 'It's good to remember that the people running this from the IM side are rates experts.'

Indeed, one would think so but there are a few macro moving parts and that is before you even get to the iffy micro ones.

[badtime] 06/11/2024 14:28

Well as has been pointed out this slump has nothing to do with him and seeing as you’ve mentioned one side, have u ever looked at who is representing the other lot? Harris isn’t exactly inspiring

[fabius1] 06/11/2024 14:24

kernelthread - 'We'll be borrowing money from the mafia soon at the rate we're going.'

I think we already do so in various guises.

[chucko1] 06/11/2024 12:59

Only going to add slowly. I like the partially inflation-protected net income available for distribution, but there may be a long period where the bond vigilantes in the US and UK cause a significant steepening in the yield curves.

This is looking more and more like a very long term total return play, but one that can still be highly profitable if managed so. If inflation and rates get out of control, however, then there could still be further meaningful short term damage. It's good to remember that the people running this from the IM side are rates experts.

[cwa1] 06/11/2024 12:37

Added some more at 69.5p. Woe is me :-(

[kernelthread] 06/11/2024 11:59

What's Donald Trump got to do with the price of this? This is going down because borrowing costs are going up up up - because the UK is basically bankrupt and who wants to lend more money to someone who already owes more than they can pay? We'll be borrowing money from the mafia soon at the rate we're going.

[mister md] 06/11/2024 09:59

Increased my holding @ 70p today - not expecting much shareprice-wise, but the dividend yield is now very attractive.

[elsa7878] 05/11/2024 20:02

It’s not great for values.
Of course. That is the crux.

My point about staff costs is that it just adds a further level of sentiment negativity around the supermarket sector and those whose income relies on it.

[williamcooper104] 05/11/2024 19:44

It's a straight pass through here With the benefit that that pass through helps a bit on rental uplifts hitting the cap It's not great for values We are almost 20bps over treasuries and we've usually been about that below