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TRY Tr Property Investment Trust Plc

325.00
-0.50 (-0.15%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -0.50 -0.15% 325.00 323.00 326.50 326.50 318.50 318.50 423,154 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust -490.61M -547.27M -1.7245 -1.88 1.03B
Tr Property Investment Trust Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker TRY. The last closing price for Tr Property Investment was 325.50p. Over the last year, Tr Property Investment shares have traded in a share price range of 253.50p to 345.00p.

Tr Property Investment currently has 317,350,980 shares in issue. The market capitalisation of Tr Property Investment is £1.03 billion. Tr Property Investment has a price to earnings ratio (PE ratio) of -1.88.

Tr Property Investment Share Discussion Threads

Showing 1 to 3 of 350 messages
Chat Pages: Latest  2  1
DateSubjectAuthorDiscuss
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
Chat Pages: Latest  2  1

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