Share Name Share Symbol Market Type Share ISIN Share Description
Triple Pnt Soc LSE:SOHO London Ordinary Share GB00BF0P7H59 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 102.00p 101.75p 102.25p - - - 47,275 06:33:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts - - - - 204.00

Triple Pnt Soc Share Discussion Threads

Showing 151 to 171 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
13/10/2017
08:45
.£10.5m acquisitionEventTriple Point Social Housing REIT has acquired 12 supported housing properties for an aggregate purchase price of £10.5m (excluding costs). Nine of the properties are in Sunderland with the remainder in Bournemouth, Durham and Newcastle. New 20 year FRI leases have been agreed with Auckland Home Solutions, Bespoke Supportive Tenancies and Falcon Housing Association for these assets. The lease have the option to extend to up to 25 years. Rents are subject to annual, upward-only reviews linked to the CPI. This is the company's third portfolio acquisition since launch. Approximately £31m has been deployed to date (excluding transaction costs) and the company expects to be fully invested within nine months of launch.  Triple Point trades on a 4.1% premium to NAV compared to a 3.5% premium for its closest peer Civitas Social Housing although we note Civitas has taken a large valuation uplift due to a portfolio premium being applied to its assets post-acquisition.  
davebowler
12/9/2017
08:56
Liberum view on Civitas;The pipeline indicated by Civitas highlights the ongoing need in the supported living and adult social care sector and the supply of property coming from local authorities and housing associations, which need to raise capital to invest in new social housing. Triple Point Social Housing launched last month and has a similar investment strategy, although it will take forward funding risk. All the leases associated with these social properties are inflation-linked (generally CPI). Recently, the Housing and Communities Agency sounded a note of caution to housing associations in relation to these transactions as the Local Housing Allowance Cap, which comes into effect for supported housing in 2019/2020, could put financial pressure on housing assoications. In addition, rent restrictions, which came into force for social housing in 2016 and supported housing in April 2017, are currently driving down rents in the social sector.The shares are currently trading at a 6.4% premium to NAV, this compares to an average  premium of 3% for the specialist real estate funds and a 4% premium for direct peer Triple Point (to NAV at IPO). The current annualised yield is 2.7%.
davebowler
05/9/2017
13:29
hTTp://citywire.co.uk/investment-trust-insider/news/james-carthew-how-the-two-social-housing-reits-compare/a1045891?ea=252901&re=48989&utm_source=BulkEmail_Investment+Trust+Insider+Weekly&utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&utm_campaign=BulkEmail_Investment+Trust+Insider+Weekly
davebowler
04/9/2017
09:11
Liberum;Triple Point Social Housing (Mkt Cap £204m)£21m of IPO proceeds deployedEventSince raising £200m at IPO early last month Triple Point Social Housing has announced that it has completed the acquisition of it £17.9m seed portfolio of five supported housing properties, in addition to a further portfolio of three supported housing assets (18 beds) for £3.0m. Both acquisitions have an initial yield in line with the company's target net initial yield of between 5.5%- 6.5%. All properties are subject to 20 year inflation linked leases. The company targets full deployment of the IPO proceeds within 9 months of admission. The portfolio will focus on supported housing assets (c.80%), which are subject to inflation linked, 20-25 year fully repairing and insuring leases. The portfolio will comprise both operating assets and forward funding of developments, will provide enhanced returns but will only be considered in circumstances where a lease agreement is already in place.On 14 August the company gave notice to HMRC of its intention to operate as a REIT. Liberum viewTriple Point has an immediate peer in Civitas Social Housing, which also focuses on supported housing for vulnerable adults. However, Civitas does not take any forward funding risk. Civitas has traded at a premium to NAV since launch (currently 7.3%) demonstrating the perceived attractiveness of the social housing strategy. Given that provision of supported living and adult social care has been hit particularly hard by local government funding cuts, which show no sign of meaningfully abating, it was inevitable that private investment in the sector would increase to meet demand. Non-specialist funds, such as GCP Infrastructure and GCP Asset Backed Income Fund, have also started moving into the social housing/supported living sector (on the debt side) in the past c. two years.Triple Point currently trades at a 4.2% premium to NAV at IPO.
davebowler
08/8/2017
16:19
!FOLLOWFEED
davebowler
17/6/2000
00:45
Is the guy to the left of Tina that bloody road rager.:-) M
bullshare
16/6/2000
14:11
Martini - blimey, so it is, he's changed his email too! Sands - jealousy will get you nowhere, well it hasn't helped me! Ps. Wanna buy a Rotweiller ? or better, as you know my towering physical presence would stop any intruder, yours@7stoneweakling.security.com
aquila
16/6/2000
13:52
Martini: Oh yes and who was his Master then in these shops. And tell them what you bought as well? M PS How is the blow up baabara.
bullshare
16/6/2000
13:34
Looks like some kind of frog to me monsieur
sands
16/6/2000
13:05
Who's the chap in the cab with her???? A.
aquila
16/6/2000
11:25
You should have seen the size of my pupils. Off to get the daily Star to see what I have been missing
sands
16/6/2000
11:21
Sands Yes and wasn't that your left ear on the first photo and look how big those pupils are as she looked at you............. M
martini
16/6/2000
11:15
YEAH Release your inside info SANDS.
smallchange
16/6/2000
11:13
Sands, you lucky boy, tell us more :)
addo
16/6/2000
11:12
She looks much better in the flesh..........errrrrr, as it were
sands
16/6/2000
11:10
I remember her well.
smallchange
16/6/2000
11:08
Martini, very fortunate that you were sitting opposite her in the taxi, what a coincidence, if I had been there, I would have gone for that seat as well. Very TV sort of face, maybe see her on Dah Bigg Brekkie
addo
16/6/2000
10:56
You should have seen the bite on the neck of the guy next to her.
martini
16/6/2000
10:45
Hmmmmmmm, she gets my vote...... Any more pictures from later in the night ?
addo
16/6/2000
10:39
Remember this young lady? Yes it is the delectable Tina, sister of the infamous Nik of E*Trade (Monticello and many a ramp) that came to the Xmas Soho Soho lunch. It appears that she has made her bid for a career in the media and today she appeared on a Sky TV programme called Trouble TV were they run a competition called pick a presenter and our own Tina was on this morning presenting. I am informed that anyone phoning 08705 775533 and voting for No. 5 - Tina will get a kiss from her at the next Xmas do :o) I of course will be expecting a much bigger commission than a kiss for this blatant attempt to influence the out come of the competition. M
martini
22/12/1999
18:02
I did take a photo of you but........ do you appear when you look in a mirror? M
martini
Chat Pages: 7  6  5  4  3  2  1
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