We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| TR Prop.Inv.Sig | LSE:TRYS | London | Ordinary Share | GB00B1YW2J11 | SIGMA SHS 12.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 84.95 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 84.95 | GBX |
TR Prop.Inv.Sig (TRYS) Share Charts1 Year TR Prop.Inv.Sig Chart |
|
1 Month TR Prop.Inv.Sig Chart |
Intraday TR Prop.Inv.Sig Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/9/2012 | 09:39 | TRYS – A European Property Investment Trust | 23 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 26/9/2012 13:46 by skyship A very nice bonus for TRYS holders. Bank the turn and replace with APT... |
Posted at 04/8/2012 11:31 by gilston Share buybacks at last! Perhaps this will narrow the discount. |
Posted at 27/5/2011 14:00 by davebowler Sigma SharesMarch 2011 Contact the fund manager Whilst the month was positive for equities and small cap real estate equities in particular (with the EPRA Small Cap Index+3.12%) it was highly volatile intra month. The index fell -5.7% between 7th and 16th as investors reacted firstly to the consequences of the natural disasters in Japan and then the unfolding of the Libyan crisis. However from 16th, the market anticipated little contagion and the index rose +7.3% from there to the month end. Our investment views remain the same. Properties (and property equities) are offering high income yields, which have historically been growing faster than inflation. As we enter the dividend payment season (over 50% of our income is declared in the next quarter) we are confident that earnings announcements will continue to surprise on the upside. This is clearly attracting investors to the sector. Sigma's return over the month was +3.52%, exceeding the index by 40bps. The weakest markets were the UK and Germany. These had been the strongest performers in February. For the UK, the concerns continue to be the impact of the government's austerity package, employment levels and imported inflation (through weaker currency). In Germany the poor performance was very property company specific with Gagfah (residential owner/ manager) falling nearly 30% in the month. The company is being sued by the City of Dresden for allegedly failing to fulfil obligations to some residential tenants. The Fund benefitted from its exposure to Scandinavia as well as good performance from our portfolio of French small cap stocks, such as Fonciere des Murs, FPF and Argan. The Trust has a March year end and the NAV total return for the financial year for the Sigma share class was +16.4%. The shareholders' total return was +19.8% reflecting the improvement in the discount over the year. The Fund's small cap benchmark is reviewed annually at the end of the financial year. The hurdle for inclusion/exclusion is adjusted to reflect the movement in the capital return of the index over the last 12 months. The hurdle has therefore increased from £1bn to £1.126bn. The adjustment mechanism also incorporates a 'smoothing band' of 20% either side of this figure to reduce constituent volatility. Two companies have been excluded, Hufvudstaden and Castellum. The strengthening of the SEK (+ 7.5% versus GBP) over the year contributed to this outperformance. Whilst Marcus and James continue to manage this share class, from 1st April 2011 Marcus became lead manager of the Ordinary share class of TR Property Investment Trust (following Chris Turner's retirement) and James became lead manager of the Sigma share class. |
Posted at 11/4/2011 10:48 by davebowler Market ViewFor Sigma Shares February 2011 As the results season got underway, pan-European property companies' share prices responded to the steady stream of mildly (at the minimum) through to quite positive statements from company managements as well as better than expected dividend announcements. This strengthening of the 'bottom-up' picture from companies coupled with the increasing focus on safe havens of recurring income and inflation protection placed European real estate shares in the top decile of equity sector performance in the month. With the exception of Norway (a single company country) every country in the index had positive performance in the month. The EPRA Developed Europe TR Index (in GBP) rose 4.4% whilst Sigma's benchmark the EPRA Europe Small Cap Index rose +2.17%; the first month in which the large cap index has outperformed the small cap in over a year. The difference in performance was driven by the greater exposure of the larger index to UK stocks and within that the largest companies. The UK was up + 8.3%, whilst Land Securities and British Land rose +13.6% and 12.5% respectively. The message is clear - generalist investors (who primarily focus only on the largest stocks in the sector) were back buying the asset class. We are not surprised by this. Listed property companies across Europe are in good shape. They have repaired their balance sheets and in many instances have cash to use on accretive acquisitions. Within the UK, most of the companies have higher levels of fixed rate debt (which was a handicap to earnings growth as rates fell) but now look protectionist as the swap curves drift ever upwards. The EPRA Index has a 'loan to value' ratio of 54% - the quoted sector is not over indebted. Rental growth remains an elusive commodity but it is up to us to identify those management teams and those portfolios which will harness that growth as it appears. Sigma is now benefiting from its increased exposure to markets such as Central London, Paris, Stockholm, and Milan as well as early cyclical plays such as self-storage and hotels. The Fund's return for the month was +2.97% whilst the EPRA Small Cap index rose +2.17% leading to 80bps of outperformance in the month. The euro weakened against sterling in the month. Currency exposure of the Fund is matched to that of the benchmark but we remain vigilant as our income is predominately earned in the second quarter of the year and over 50% is denominated in euros. |
Posted at 07/5/2009 16:26 by skyship So, they've now made 56p. Obviously sold this one way too soon!!==================== As at close of business on 6th May 2009, the unaudited net asset value per ordinary share including current financial year revenue items was 73.4p (and 72.5p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 70.7p (and 69.7p including debt marked at fair value). ==================== |
Posted at 26/4/2009 10:57 by skyship Certainly had a good run - but at 51p the NAV discount is now at 25% and the yield @ under 4% - so perhaps now fully or fairly valued. IGRE better value IMO - as NAV discount = 37% & the yield = 7.3%. ==================== TRYS: As at close of business on 23rd April 2009, the unaudited net asset value per ordinary share including current financial year revenue items was 70.0p (and 69.1p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 67.5p (and 66.6p including debt marked at fair value). ==================== |
Posted at 08/4/2009 18:28 by skyship As at close of business on 7th April 2009, the unaudited net asset value per ordinary share including current financial year revenue items was 64.4p (and 63.5p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 62.1p (and 61.3p including debt marked at fair value). |
Posted at 30/3/2009 16:43 by skyship Alan - was it perhaps because they issued an IMS mid-Feb...jonwig - the links to the website and the RNSs are in the header here too. Sigma Shares - As at close of business on 27th March 2009, the unaudited net asset value per ordinary share including current financial year revenue items was 61.7p (and 60.9p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 59.6p (and 58.8p including debt marked at fair value). |
Posted at 30/3/2009 15:58 by jonwig Alan - I imagine it's because TRYS isn't a 'company'.The company is TRY which has two classes of shares, TRY and TRYS. To get any information on TRYS you need to read the TRY RNSs and go to the TRY website. (Links are in the header to my TRY thread.) I think that's a pretty unsatisfactory set-up! What does seem to be the case is that TRYS are better value in terms of NAV discount. There may be factors offsetting that, but I haven't looked too deeply. |
Posted at 28/3/2009 15:10 by skyship TRYS A European Property Investment TrustCo. Website: Annual Report: TRYS is the EPIC for the so-called "SIGMA" shares spun out of TRY (TR Property Investment Trust) in Q3'07. The Investment Objective of the Sigma Shares is to increase Shareholder value by investing in the shares of European property companies. The long-term objective is to trade out of the larger companies and increase exposure to companies with a market capitalisation of less than £1 billion. Top Ten Holdings as at 30 January 2009: Unibail-Rodamco 11.7% Land Securities 7.3% Eurocommercial 5.7% Castellum AB 5.1% Hansteen 5.0% Great Portland 4.8% British Land 4.3% Silic 4.1% Helical Bar 3.3% Beni Stabili 3.1% Asset Allocation: Continental Europe 48.3% UK 32.6% CASH 19.1% Sector Allocation: Retail 35.9% Offices 35.0% Industrial 18.3% Residential 7.3% Other 3.5% LINK to RNSs, esp. the daily Net Asset Values, IMSs, Interims & Finals- all combined with the TRY statements: The Dividend Statements are made in November (Interims) & May (Finals) for the year to 31st March. At the moment there is no forecast for the 2009 dividend. There was a 0.9p Interim (increased from 0.85p) and the daily NAV statements reveal current year earnings of 2.0p. Assuming a same again Final for a total of 1.8p the yield @ 39.5p = 4.56%. The value assessment for many investors will be based upon a combination of yield and NAV discount. In this latter respect the Company's strategy is to stabilise the discount with the judicious use of share buybacks. During Qtr3'08 the Company purchased 1,953,000 TRYS for cancellation at a total cost of £896,000. No shares have been purchased since 21st Nov'08. There are now 124,922,000 shares in issue & Zero debt. The 26th Mar'09 NAV statement gave a Gross NAV of 62.1p & 60.1p NET of current year revenue. Utilising the latter figure, the NAV discount @ 39.5p is at an historic high of 34.3%. The UK Real Estate sector has endured a cataclysmic 2yr fall of some 80% -though it has bounced with the wider Market in Mar'09 see sector chart above. An increasing number of analysts and commentators are now saying that, should inflation raise its head again due to global "Quantitative Easing", then the commercial property sector might once more be viewed as an attractive high-yielding asset class; and that the recent rash of UK company rights issues might well mark the bottom of the cycle. Being a well-managed, conventional investment trust, TRYS might prove to be a safe way of playing such a possibility. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
