Social Housing Reit Share Discussion Threads

[chucko1] 04/8/2023 10:49

Not quite the same as the original cost on many HOME purchases was a fairytale.

[wskill] 04/8/2023 09:41

Looking at HOME today it has sold empty properties at 40% of cost not far off where SOHO is priced .

[cruelladeville] 02/8/2023 13:02

Spoke too soon and doomed it.

[cruelladeville] 31/7/2023 20:25

Certainly very nice to see a few days of positive price movement at last. Share price beginning with a 7 again by Q4 23? I hope.

[spectoacc] 31/7/2023 08:21

Optimistic on SOHO - holding firm without yet the possible good news on resolving the couple of difficulties with tenants, or yet any news on securing some sales. Catalysts to go higher, should either/both happen.

[wskill] 28/7/2023 09:43

What a terrible state of affairs at HOME and management staying in place to avoid any legal problems by stringing it out to make prosecution impossible .

It does go to show what well run companies SOHO and CSH are pity we lost CSH but I invested more in SOHO with the proceeds, There is decent value here with assets valued at around £1.30 not for everyone of course I will stay for the end game.

[williamcooper104] 27/7/2023 13:48

Yep - that's about right I've got my losses on HOME (assuming it's a total write off - haven't had one of those before) now more than covered by realised profits on CSH and unrealised on SOHO

[indalo] 27/7/2023 13:43

This industry is about as OUT of vogue as possible. This presents a deep value opportunity with strong divi return, good potential for a bid at 30-50% share price premium, and if sentiment turns and questions over the operating model are resolved then there are significant growth prospects to be unlocked. All in all I am very comfortable holding.

[cruelladeville] 26/7/2023 13:58

No doubting the reputational damage caused by HOME to social housing investment. Whether real or imaginary, the apparent fraud or near fraud management of HOME seems to have almost terminally damaged the entire industry. There's no doubting huge present and future demand out there.

[williamcooper104] 26/7/2023 11:51

Yep Leaving HOME

[wskill] 26/7/2023 11:43

It will be taken out with a bid in the fullness of time CSH was a decent operator as well pity the city did not see it,Part of the problem is so few pension funds hold UK shares but who can blame them really poor management in the UK based listed companies is all you ever see ,much safer to invest abroad at least in the USA they jail the crooked management which is a decent deterrent not so in the UK.
Hedge funds seem to be shorting everything in sight here there is very few buyers of UK stocks to stop them.

[cruelladeville] 26/7/2023 09:39

Yes, I don't want a bid though. Not on the discount to NAV that CSH rolled over with anyway.Almost everyday, there's media articles demonstrating the dire shortage of social housing in the UK. Looks like opportunities galore to me in the social care market.

[wskill] 26/7/2023 09:31

Yes thought the same about CSH then out of the blue a bid appeared ,at least we have a decent dividend whilst waiting.

[cruelladeville] 25/7/2023 11:52

A shame this doesn't look to break through 60p. News vacuum doesn't help.

[wskill] 19/7/2023 08:01

What a huge surprise inflation down a tad best buy the oversold high yield inflation proof asset backed shares ,a good move upwards in any case.

[spectoacc] 14/7/2023 13:41

CK lot were running CSH I thought? Or at least, owned a part of Civitas Investment Management. Haven't followed it too closely but an "inside job" in the sense that they were indirectly running it, and just had to deal with the Board for the t/o.

Saying that, agree that they'd have looked at SOHO too (next?).

[cruelladeville] 14/7/2023 12:27

Presumably the Hong Kong people did the numbers on SOHO too before bidding on CSH. I wonder what they saw?

[spectoacc] 14/7/2023 08:31

CK gone over 90% at CSH so now acquiring the lot. Probably a marginal effect on SOHO, but should be some.

[hindsight] 13/7/2023 14:41

Think all reits in that performance boat, 10 years ok vs other reits
Sentiment discount at present and IT vs REIT divi suits me

[spectoacc] 13/7/2023 14:03

Progress on the couple with rent arears would be good to hear about too.

[spectoacc] 13/7/2023 13:56

Can't stand TRY, they seem inept but love themselves. Why pay two sets of fees? The two sets of discounts aren't enough justification IMO.

Can't knock SUPR & EBOX tho ;)

Edit - granted, could say this about many REITs, but TRY: over 1 year - -27%. 2 years -43%. 3 years -19%. 5 years -35% (all ex reinvested divis - from HL).

6% in LAND, and not enough discount on their 7% directly-held property IMO.

Particularly dislike them for compelling that daft review at EPIC, just because they bought 17% of it and have zero chance of being able to sell again.

The one that should be winding up is TRY.