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Share Name Share Symbol Market Type Share ISIN Share Description
Tr Property Investment Trust Plc LSE:TRY London Ordinary Share GB0009064097 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.50 0.74% 476.00 476.00 477.00 477.50 474.00 475.00 307,780 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 36.6 39.7 12.3 38.9 1,511

Tr Property Investment Share Discussion Threads

Showing 1 to 25 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/1/2004
22:32
Honiton, Are the benefits of the French REITs already in the NAV or are they yet to be reflected in the price?
mangal
14/1/2004
22:27
mangal I don't know about others. However TRY have a lot of property in France which has already adopted REITS type tax structures.
honiton
12/1/2004
21:54
After reading Sat's FT article about how property shares may start trading at premium to NAV once REITs are introduced in the UK, I searched for property ITs that may benefit from this. I found 4(%discounts)on trustnet site: TRY(-9%), TPY(-23%), UBR(22%) & WGM(-8%). Honiton, your post seems to suggest that you think that TRY will benefit from REITs. Do you know if the others are likely to benefit too?
mangal
28/12/2003
09:42
My view:- interest in REITS and soft landing for UK london commercial property mkt. May have a bit to go. Also, they may be renewed takeover talk with property cos - about 2 years ago Land was a potential target - but its all gone a bit quiet.
honiton
19/12/2003
19:56
Silent Night is fine but why oh why such silent days? This is a key stock for us old folks, it may be about to slip back (the other property funds have started to wobble) but no one says nothin. Any advice.....Any comments on recent stellar performance?
ben gunn
18/6/2003
00:35
There's some speculative interest in TRY today - high turnover of shares and nice uplift in price.
ed 123
22/4/2003
11:14
...and good news today: TR Property Investment Trust Plc (TRPIT) has sold its interests in two properties located in Swanley and at Tavern Quay, Docklands, SE16 for a total of #3.465 million. ..at a premium to book value.
arichard
16/10/2002
00:40
The Property market in general is totally misunderstood by Fund Managers who follow rather than anticipate every trend; just look at the 5-yr chart of SLOU and you'll see the bigger picture: 7 major trends in just 5 years; and in that time the share price is back to where it started, but the diluted NAV is up 50% from 340p to 512p. These trends provide superb trading opportunities. Right now we have had a major shake-out as Fund Managers concentrated on falling rental values, even though the weakness has really only been seen in The City and the TMT sector in the South-East. Capital values have actually stood still or risen as the attractions of pure property investment have become apparent to investors craving secure income. Now look at the chart of the Real Estate Index (UB86) and you'll see a pretty convincing base platform for yet another sector bull run. As with other bull runs, this will be instigated or fanned by a series of broker recommendations stating that the sector fall has been overdone. TRY is a totally secure route for buying into the next upturn; with the added advantages that: 1. The Company is buying-in its own stock 2. At 57.75p the shares stand at a 19.5% discount to the 71.8p NAV 3. This 19.5% figure is a recent high and is likely to reduce back to the 16-17% range which is the Norm for this stock (worth nearly 4% on the share price) 4. At 57.75p they are sitting on the bottom and haven't yet reflected the past week's market rise and sector rise All in all, a good buy for anyone cherry-picking safe ways back into the market.
skyship
15/10/2002
14:22
Parrett: The Annual Report is admirable in its detail - well worth getting hold of a copy. Phone either Computershare on 0870-702-0010; or the Company on 0207-638-5757. Key facts are: Direct Property holdings: 19.4% UK quoted stocks: 51.7% Continental Europe stks: 28.7% Cash: 0.2% 2001 saw a major shift of the UK quoted portfolio across to Europe: UK: 2000-71%; 2001-52% Euro: 2000-4%; 2001-29% The Co's top 40 holdings are listed. The TOP 5 are: Land Secs: 6.3% of Gross Assets B. Land: 4.5% Unibail (Fr): 3.8% Hammerson: 3.8% Slough: 3.5% The other principal strategic action last year was the prescient decrease in a formerly overweight exposure to the london Office market. Much of what they have been doing is proving to be a good call.
skyship
15/10/2002
14:16
ta - so its really a uk real estate and /or construction and building play rather than bricks and mortar ownership parrett
parrett
15/10/2002
14:14
parrett As at 31 March year end, TRY 19% directly invested in property, 52% in UK shares, 29% in European shares.
ashtongray
15/10/2002
14:12
Timely new thread and good post to kick off. Bought some this morning with those sort of arguments in mind.
ashtongray
15/10/2002
13:37
Skyship Do you know any details of what areas/types of property TRY is invested in Thanks Parrett
parrett
15/10/2002
13:25
I should love to agree with you as TRY is one of my favourite stocks of all time .....but I sold off the second half of my holding last week because the sector chart is bleak and the newsflow is bleaker. Isn't it good that we didnt buy Canary Wharf instead?
ben gunn
15/10/2002
13:17
Skyship, agree with your reasoning and had in fact bought a few of these for my ISA before seeing your post! Having said that, the sector isn't looking particularly strong this morning and there doesn't seem to have been much volume behind the recent rally.
deltablues
06/8/2002
10:14
61.5 - 62.0 and standing at an 18% discount to the 75.5 NAV. Getting itchy fingers to buy this one for an anticipated recovery in the property sector. Pity the warrants have gone now.
skyship
01/7/2002
13:37
ben gunn Sorry, I just didn't notice that box. Thanks for pointing it out. I'm not worried about the recent fall. This is part of my pension fund and I've got another 30 years to go!!!!
honiton
01/7/2002
11:37
Honiton NMS,Normal Market Size, as shown in the bottom right hand corner of ADVFN's main page for this stock is 25,000 which makes about £17,000 worth of stock the most that you can hold and still be able to sell at the quoted market bid price. The recent fall is a little scary as you and I both like this stock because it has de-coupled from the main market index. If it re-couples we would be better off with the funds under the mattress.
ben gunn
10/5/2002
16:01
ben gunn What is the NMS? These are as safe as houses in a low inflationary environment.
honiton
10/5/2002
13:44
Money money money Honiton I like these so much I am up to the NMS. Would you happily invest well over normal market size in a trust with a price as stable as this one? Ben
ben gunn
26/2/2002
16:17
Held them for 6 years now. The're super aren't they. I didn't suffer any dotcomn fallout and I now enjoy steady growth and a good yield (7% on initial investment). On top of that, I can't see this sector really failing. As investors chase yield they will push the price of commercial property (and commercial property shares) up. A solid hold and a very good long term investment. Stick it in your bottom draw and get a good night's sleep.
honiton
26/2/2002
15:24
I fell in love with the sector and this Trusts 0.8% spread. Any other buyers out there? Ben
ben gunn
07/11/2001
09:08
still cheap, the interest rate cuts should help the property sector. The only thing to bear in mind is that you will need to exercise the warrants by 31/7/2002.
younasm
06/2/2001
14:19
Agree with all you say about the low CFP but would make two cautionary noises: 1 The CFP for investment trust warrants is really only relevant when you are choosing between the ords and the warrants. Clearly you have to like commercial property (direct and shares) to consider TRYW. The Manager has consistently added value over his sector, so it really is a question of whether you like the sector. 2 When it comes to the sector, it is very old economy and has had a good run in the last year. Which comes to the essential point that TRYW are probably not a trading instrument (very low volatility) but, in my view, an excellent way of playing a commercial property investment. Yes they are cheap, TRY itself is cheap for a trust with such a good record and TRY and its warrants are a much better way of investing in this sector than buying a basket of property shares, where one is open to greater volatility and the sneaking suspicion that one is paying to run expensive Mayfair offices and fleets of Rolls Royces. In conclusion, I agree that TRYW are cheap, even after the last 3p move, but it has to be looked at over the life of the warrants, rather than as a short term trade.
brnf
22/1/2001
16:11
TR Props warrants is looking good value with a low CFP. The Capital Fulcrum Point (CFP) is the annual percentage growth of the equity required for you to do equally well in terms of capital appreciation with either the equity or the warrant. CFP = [ ( e/[s-w])^(1/y)-1]x100% where e = exercise price s = share price w = warrant price y = years to expiry CFP of 0% on 13.25p with a gearing of 4.58x exercise price of 47.5p at 31 July 2002 ords at 60.5p Nav at 72.64p at 18 Jan 2001 Ord Discount to NAV of 16.4% low warrant spread of 13b 13.5o ord spread 60.5b 61o Warrants with a gearing of over 4 usually have a much higher CFP A CFP of 6% would not be expensive implying a warrant price of 17.25p Any thoughts?
sharpshare
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