|TR Property Investment Trust
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
TR Property Investment Trust News
|TR Property Investment Trust Daily Update: TR Property Investment Trust is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker TRY. The last closing price for TR Property Investment Trust was 338.10p.|
TR Property Investment Trust has a 4 week average price of 329p and a 12 week average price of 299.80p.
The 1 year high share price is 347.60p while the 1 year low share price is currently 241.70p.
There are currently 317,500,980 shares in issue and the average daily traded volume is 468,237 shares. The market capitalisation of TR Property Investment Trust is £1,103,633,406.48.
|skyship: 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.|
|sharpshare: 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%
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
TR Property Investment Trust share price data is direct from the London Stock Exchange